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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/01 02:42

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Southern Company reported Q3 2024 net income of $1.5 billion ($1.40 per share), up 7.9% from $1.4 billion ($1.30 per share) in Q3 2023. Retail electric revenues increased 4.4% to $5.4 billion, driven by higher rates and pricing, particularly from the inclusion of Plant Vogtle Units 3 and 4 in retail rates. The results also benefited from an after-tax charge of $120 million related to Plant Vogtle construction in Q3 2023 that did not recur.Operating revenues rose to $7.3 billion from $7.0 billion, while operating income increased to $2.4 billion from $2.1 billion. The company saw higher non-fuel operations and maintenance expenses of $1.7 billion, up 16.7% year-over-year, primarily due to increased generation expenses associated with Plant Vogtle Unit 4 and higher transmission and distribution costs.Interest expense increased 11.6% to $692 million due to higher average borrowings and interest rates. The company's construction programs remained on track, with Georgia Power completing Plant Vogtle Unit 4 in April 2024. Southern Power continued construction of the Millers Branch solar facility, which will have a total generating capacity of 512 MW upon completion of all phases.
Southern Company reported Q3 2024 net income of $1.5 billion ($1.40 per share), up 7.9% from $1.4 billion ($1.30 per share) in Q3 2023. Retail electric revenues increased 4.4% to $5.4 billion, driven by higher rates and pricing, particularly from the inclusion of Plant Vogtle Units 3 and 4 in retail rates. The results also benefited from an after-tax charge of $120 million related to Plant Vogtle construction in Q3 2023 that did not recur.Operating revenues rose to $7.3 billion from $7.0 billion, while operating income increased to $2.4 billion from $2.1 billion. The company saw higher non-fuel operations and maintenance expenses of $1.7 billion, up 16.7% year-over-year, primarily due to increased generation expenses associated with Plant Vogtle Unit 4 and higher transmission and distribution costs.Interest expense increased 11.6% to $692 million due to higher average borrowings and interest rates. The company's construction programs remained on track, with Georgia Power completing Plant Vogtle Unit 4 in April 2024. Southern Power continued construction of the Millers Branch solar facility, which will have a total generating capacity of 512 MW upon completion of all phases.
南方公司报告2024年第三季度净利润为15亿(每股1.40美元),比2023年第三季度的14亿(每股1.30美元)增长了7.9%。零售电力收入增长了4.4%,达到54亿,这主要是由于更高的利率和定价,尤其是在零售价格中纳入了沃戈特电厂3号和4号机组。业绩还受益于2023年第三季度与沃戈特电厂施工相关的12000万的税后费用,这一费用没有重复。营业收入从70亿上升至73亿,而营业收入从21亿增加至24亿。公司看到较高的非燃料运营和维护费用达到17亿,同比增加了16.7%,主要是由于与沃戈特电厂4号机组相关的发电费用增加以及更高的变速器和配电成本。利息支出因平均借款和利率的提高增加了11.6%,达到69200万。公司的施工项目按计划进行,乔治亚电力公司在2024年4月完成了沃戈特电厂4号机组。南方电力公司继续施工米勒斯分支太阳能设施,项目完成后总发电能力将达到512兆瓦。
南方公司报告2024年第三季度净利润为15亿(每股1.40美元),比2023年第三季度的14亿(每股1.30美元)增长了7.9%。零售电力收入增长了4.4%,达到54亿,这主要是由于更高的利率和定价,尤其是在零售价格中纳入了沃戈特电厂3号和4号机组。业绩还受益于2023年第三季度与沃戈特电厂施工相关的12000万的税后费用,这一费用没有重复。营业收入从70亿上升至73亿,而营业收入从21亿增加至24亿。公司看到较高的非燃料运营和维护费用达到17亿,同比增加了16.7%,主要是由于与沃戈特电厂4号机组相关的发电费用增加以及更高的变速器和配电成本。利息支出因平均借款和利率的提高增加了11.6%,达到69200万。公司的施工项目按计划进行,乔治亚电力公司在2024年4月完成了沃戈特电厂4号机组。南方电力公司继续施工米勒斯分支太阳能设施,项目完成后总发电能力将达到512兆瓦。
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