CLAIM #54066 · Southern Company (SO) · 2023Q4 earnings call · Feb 15, 2024 · due Dec 31, 2026
“I think if you do that from this current range, it captures every reasonable estimate that's out there for 2025 and 2026.”
Dan Tucker · CFO
How to check this claim
Look at: Company's reported EPS growth trajectory for 2025 and 2026 relative to the guided 5%-7% growth range applied off top and bottom of current guidance range
It came true if: 2025 and 2026 actual EPS falls within the range implied by 7% growth off the top of current guidance and 5% growth off the bottom
Where: Company earnings releases / EPS guidance disclosures (10-K, investor presentations, quarterly earnings calls) for FY2025 and FY2026
In context
“mildest year ever to kind of mitigate that. Those are the kind of mitigations and flexibility items that aren't necessarily available every year. You have to maintain the system, you've got to make sure you're prioritizing service to customers. And so that flexibility is limited. We're using it this year and that will diminish what we have the opportunity to do going forward. But also, I think what's not factored in is a couple of other important nuances. We thought 40 slides was enough, but maybe we needed one more slide to kind of draw how we always think about our guidance range and our growth range. We don't think about the 5% to 7% being off of the midpoint. We've always kind of drawn those trajectories off the top of it and off the bottom of it. So 7% off the top, 5% off the bottom. I think if you do that from this current range, it captures every reasonable estimate that's out there for 2025 and 2026. When it comes to the rate base growth, look, we were at 6% last year. We just added $5 billion of capital to the plan. We didn't add all the capital that we see as possible. That kind of incremental capital additions opportunity still exists. So yeah, our ability to grow rate base, and yeah, it's mitigated ever so slightly by a fraction of a percent of increased shares over time. Our ability to hit our numbers is as solid as it's ever been. Shar Pourreza: Got it. Okay. That's helpful, Dan. And then just lastly, I know one of your peers has spoken pretty extensively on sort of nuclear PTCs, and obviously expects to receive hundreds of millions of dollars a year to fund sort of that capital plan. I guess, does the plan today -- do you expect to receive anything material on the nuclear PTC f”
Verify independently
SEC filings for SO ↗ · Claim quote is verbatim from the 2023Q4 earnings call.