MAAT INDEX

CLAIM #53935 · Southern Company (SO) · 2022Q3 earnings call · Oct 27, 2022 · due Dec 31, 2022

With adjusted earnings per share through September of $3.35, we expect to achieve adjusted full year earnings near the top end of our guidance range of $3.50 to $3.60 per share.

Dan Tucker · CFO

PENDING
graded after results covering Dec 31, 2022 are reported

In context

e expansion across our Southeast electric service territories. We also continue to see robust customer growth with the addition of 11,000 residential electric customers and 8,000 residential gas customers during the quarter. We are encouraged by these trends and continue to monitor the potential impacts of supply chain constraints, labor force participation and inflation pressures on our outlook. The economic development pipeline in our service territories remains robust. Within our electric service territories, economic development announcements through the first nine months of 2022 compared to the same period in 2021, reflect a 170% increase in job additions and a 237% increase in business investment. Next, I'd like to provide you with an update on our outlook for the remainder of 2022. With adjusted earnings per share through September of $3.35, we expect to achieve adjusted full year earnings near the top end of our guidance range of $3.50 to $3.60 per share. Our adjusted earnings estimate for the fourth quarter is $0.23 per share. Tom, I'll turn the call back over to you. Tom Fanning: Thanks Dan. We remain encouraged by the sustained level of economic development activity within our service territories as we continue a long legacy of partnering with each of our states to attract new business. In recognition of these efforts, Alabama Power and Georgia Power were once again named to Site Selection Magazine's top 20 utilities in economic development out of approximately 3,330 utilities across the United States based on capital investment and job creation activity. We are honored by this recognition and look forward to continuing our commitment to helping our states and communities attract and grow businesses to further strengthen the economies w

Verify independently

SEC filings for SO · Claim quote is verbatim from the 2022Q3 earnings call.