SO
The Southern CompanyEvidence as of 2026-09-03Overview · The Southern Company
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through three segments: Gas Distribution Operations, Gas Pipeline Investments, and Gas Marketing Services. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and…
Management team
- Mr. Todd Warren · Vice President & Chief Audit ExecutiveFind on LinkedIn
- Dr. Mark S. Berry Ph.D. · Senior Vice President of Research & DevelopmentFind on LinkedIn
- Mr. Bryan D. Anderson · Executive Vice President & President of External AffairsFind on LinkedIn
- Mr. William C. Grantham · Executive Vice President of Commercial StrategyFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The desk finds a mixed evidence balance (Mixed, -0.1 of a possible +2; was -0.1 before debate) · confidence high. Revenues in Q1 2026 (fiscal quarter ended 2026-03-31) were $ 8,397,000,000, up from $ 7,775,000,000 in Q1 2025 (fiscal quarter ended 2025-03-31). Operating income in Q1 2026 was $ 2,018,000,000 versus $ 2,010,000,000 in Q1 2025, and net income was $ 1,356,000,000 versus $ 1,334,000,000 in Q1 2025.
The company’s share count and cash profile moved materially over the observed periods: weighted average diluted shares rose to 1,127,300,000 in Q1 2026 from 1,105,005,064 in Q1 2025, and entity common shares outstanding increased to 1,127,301,098 as of 2026-03-31. Cash and cash equivalents fell to $ 981,000,000 as of 2026-03-31 after a prior peak (for example $ 3,341,000,000 as of 2025-09-30). Total assets rose to $ 157,031,000,000 as of 2026-03-31 from $ 145,180,000,000 as of 2024-12-31 while total liabilities rose to $ 117,119,000,000 from $ 108,506,000,000 over the same span.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenues for the fiscal quarter ended 31 March 2026 (fiscal Q1 2026, 2026-01-01 to 2026-03-31) were $8,397,000,000, up from $7,775,000,000 for the fiscal quarter ended 31 March 2025 (fiscal Q1 2025, 2025-01-01 to 2025-03-31).
XBRL companyfacts · 0000092122-26-000034Operating income was $2,018,000,000 in the fiscal quarter ended 31 March 2026 (fiscal Q1 2026) versus $2,010,000,000 in the fiscal quarter ended 31 March 2025 (fiscal Q1 2025).
XBRL companyfacts · 0000092122-26-000034Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, the company is a holding in the IVV ETF at 0.17% weight of the fund.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple headlines report that rising data-center demand in Georgia is driving record power sales for Southern Company, and that this demand is a central theme in recent coverage.
News · kalkinemedia.com · 2026-09-01Separate headlines raise capacity concerns, asking whether Southern Company is running out of spare power capacity as data-center demand surges.
News · kalkinemedia.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Free cash flow for the trailing twelve months is negative -$4,370,000,000 and free cash flow per share is -$3.8741.
Valuation inputs · SEC XBRL + stored EOD closeNet cash provided by (used in) operating activities for the trailing twelve months is +$4,631,000,000, indicating operating cash generation despite negative FCF.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several pieces of the supplied evidence jointly support a favorable read. Revenue increased year-over-year for Q1 2026 (fundamentals-0) while operating income and net income were essentially steady to slightly higher (fundamentals-1, fundamentals-2), and trailing operating income and positive operating cash flow show underlying accounting profitability and cash generation (valuation-3, valuation-1). News items indicate rising data-center demand in Georgia and an AI power contract theme, which multiple sources tie to record power sales and valuation commentary characterizing the stock as possibly below fair value after the contract (news-0, news-5); sector-level coverage also frames the company within broader utility demand and new nuclear capacity themes (news-2). The bear points about negative free cash flow and rising share count are based on solid data (valuation-0, fundamentals-3, fundamentals-4), but the negative FCF is driven by materially higher capital expenditures (valuation-2), which in this evidence set read as investment-related cash use accompanying rising assets and liabilities (fundamentals-6) rather than an operating shortfall alone.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
20 surviving claims rest on 10 distinct sources; the heaviest analyst carries 35% of them, and 98% of what the desk raised survived the debate.
The evidence package rests on a moderate number of claims drawn from a limited set of distinct sources; that concentration means a few documents or authors can materially shift the picture if they change or are reinterpreted. One analyst or contributor supplies a notably large share of the claims, so analyst-level bias or error would disproportionately affect the read; conversely, the high debate-survival rate implies the desk found few internal challenges to the assembled claims, which raises confidence in consistency but not in independence of the underlying sources.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
16 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer−0.1 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on SO Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.