Southern Beats Q3 2026 Estimates as Revenue Rises 13% to $8.84B

Southern (SO) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $8.84 billion, up 13% from a year earlier, above the $8.38 billion estimate, and adjusted EPS was $1.94, up 21% from a year earlier, above the $1.71 estimate.

Q3 2026 scorecard

By our calculation, revenue was $468.0 million above the estimate and adjusted EPS was $0.23 above it. The QoQ column compares with the previous quarter's revenue of $6.98 billion and adjusted EPS of $1.13. The YoY column compares with $7.82 billion and $1.60 in the same quarter a year earlier.

GAAP results

• GAAP EPS. GAAP diluted EPS was $1.76, against $1.54 a year earlier.
• Net income. The company reported net income of $2.05 billion on a GAAP basis, compared with net income of $1.71 billion a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 7 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $7.82 billion, $6.98 billion, $8.40 billion, $6.98 billion and $8.84 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.43 and revenue of $6.99 billion next quarter, based on 9 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 13% increase to $8.84 billion.
• Estimate record. Whether Southern extends a record of beating EPS estimates in 6 of its last 8 reports.
• Related coverage. See our reports on Sonida Senior Living, Installed Building Products, Payoneer Global and NetScout Systems.

Sources: Results are from Southern's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Southern's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.