Southern Company made $4.4 billion in 2024, according to an earnings statement released by the company on Thursday.
Southern Company has nine million customers across multiple states in the Southeast, including Alabama. Alabama Power is a subsidiary of Southern Company.
Southern Company on Thursday reported fourth-quarter earnings of $534 million, or 49 cents per share, in 2024 compared with earnings of $855 million, or 78 cents per share, in the fourth quarter of 2023. Southern Company also reported full-year 2024 earnings of $4.4 billion, or $4.02 per share, compared with $4.0 billion, or $3.64 per share, in 2023.
Adjusted earnings drivers for the full year 2024, as compared with 2023, were higher utility revenues, partially offset by increased non-fuel operations and maintenance expenses, interest expense, depreciation and amortization, and income taxes, according to Southern Company.
Fourth-quarter 2024 operating revenues were $6.3 billion, compared with $6.0 billion for the fourth quarter of 2023, an increase of 4.9%. Operating revenues for the full year 2024 were $26.7 billion, compared with $25.3 billion in 2023, an increase of 5.8%.
"The hard work and dedication of our team members across our company made 2024 an outstanding year for Southern Company," said Christopher C. Womack, Southern Company chairman, president and CEO. "We delivered the exceptional value that our customers depend on, and, looking ahead, we believe our commitment to sustainably meeting the growing energy needs of our local economies will support our continued success for years to come."
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