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Southern Company
SO · NYSEUtilities
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Fuel &resourcesgas, nuclear, renewables,…Generationwho makes the powerTransmissiongridthe high-voltage highwayDistribution &gasthe last-mile wires & mai…Demandwho pays — and the AI loadGASNatural gas supplyUNuclear fuelSUNSolar & storage developersEQPTurbines & transformersCAPCapital & investorsSOSouthern CompanyVOGPlant VogtleGENGas & coal fleetGRIDTransmission networksSCGSouthern Company GasPSCState regulatorsDCData centresRPHomes & businesses
Company details
Market cap
$109B
P/E ratio
~21×
Div yield
~3.0%
Revenue (TTM)
$30B
Profit margin
~16%
Rev. growth
+8%
5-yr capex plan
$76B
Large-load queue
~50GW
In plain English
Southern Company is a southeastern electric-and-gas giant: its regulated monopolies — Georgia Power, Alabama Power and Mississippi Power — keep the lights on for millions of homes and factories at state-approved rates, while Southern Company Gas pipes natural gas to households across several states. It owns Vogtle, the only newly built US nuclear reactors in a generation, and is now riding an unprecedented wave of data-centre demand in Georgia that has pushed its capital plan to ~$76B.
In simple terms
What Southern Company really sells
Southern Company is a southeastern electric-and-gas giant: its regulated monopolies — Georgia Power, Alabama Power and Mississippi Power — keep the lights on for millions of homes and factories at state-approved rates, while Southern Company Gas pipes natural gas to households across several states. It owns Vogtle, the only newly built US nuclear reactors in a generation, and is now riding an unprecedented wave of data-centre demand in Georgia that has pushed its capital plan to ~$76B.
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Risk read
Low–moderate
SteadierMore speculative
Why this rating?