Increased Energy Consumption Boosts Southern Company's Q2 Performance: Details
Increased Energy Consumption Boosts Southern Company's Q2 Performance: Details
Southern Company (NYSE:SO) shares are trading lower after the company reported a second-quarter 2024 operating revenue rose 12.4% Y/Y to $6.463 billion, beating the consensus of $6.099 billion.
Southern Company (紐交所: SO) 股票下跌，該公司報告二季度2024年營業收入同比增長12.4％，達到64.63億美元，超過預期的60.99億美元。
Operating revenues by segment: Alabama Power $1.873 billion (+10.9% Y/Y), Georgia Power $2.875 billion (+20.2% Y/Y), Mississippi Power $364 million (+17.0% Y/Y), Southern Power $524 million (-0.2% Y/Y) and Southern Company Gas $831 million (-2.5% Y/Y).
分段的營業收入爲：Alabama Power 18.73億美元（+10.9％ YoY），Georgia Power 28.75億美元（+20.2％ YoY），Mississippi Power 36400萬美元（+17.0％ YoY），Southern Power 52400萬美元（-0.2％ YoY）和Southern Company Gas 83100萬美元（-2.5％ YoY）。
Total Regulated Utility Customers increased 0.8% Y/Y, with Total Traditional Electric +1.2% and Southern Company Gas +0.4%. Kilowatt-Hour Sales rose by 3.9% Y/Y, with Retail sales up 5.8% and Wholesale sales down 1.1%.
受管制的公用事業客戶總數同比增長0.8％，其中傳統電力總計+1.2％，Southern Company Gas爲+0.4％。千瓦時銷售同比增長3.9％，其中零售銷售增長5.8％，批發銷售下降1.1％。
Operating expenses rose to $4.52 billion from $4.46 billion in the quarter.
經營費用從上一季度的446億美元增加到452億美元。
Adjusted EPS improved to $1.10, from $0.79 YoY, beating the consensus of $0.92.
調整後的每股收益從去年同期的0.79美元增至1.10美元，超過預期的0.92美元。
For the second quarter of 2024, adjusted earnings were driven by higher utility revenues, which were partly offset by increased interest expenses, depreciation and amortization, and income taxes.
截至2024年第二季度，高水平公用事業收入的增長部分抵消了利息支出、折舊和攤銷以及所得稅的增加。
Net cash from operating activities in the six months totaled $4.00 billion, up from $2.90 billion a year ago.
六個月的經營性現金流總額爲40億美元，比去年同期的29億美元增加。
As of June 30, 2024, cash, cash equivalents stood at $1.152 million.
截至2024年6月30日，現金及現金等價物達到115.2萬美元。
Outlook: Southern reaffirms FY24 adjusted EPS guidance at $3.95-$4.05 vs cons. of $4.02.
展望：Southern再次確認FY24調整後每股收益指導值爲3.95-4.05美元，而預期值爲4.02美元。
Also, the company projects Q3 adj. EPS of $1.30 vs. $1.47 estimate.
此外，該公司預計Q3調整後每股收益爲1.30美元，而預期爲1.47美元。
Southern Company CEO Christopher C. Womack said "service territories, especially those within our Southeastern service footprint, remain strong with continuing customer growth and robust economic development."
Southern Company首席執行官Christopher C. Womack表示：“服務區域，特別是我們東南服務區域內的服務區域，仍然表現強勁，客戶增長和經濟發展強勁。”
Investors can gain exposure to the stock via SPDR Select Sector Fund – Utilities (NYSE:XLU) and Fidelity MSCI Utilities Index ETF (NYSE:FUTY).
投資者可以通過SPDR Select Sector Fund - Utilities (紐交所：XLU)和Fidelity MSCI Utilities Index ETF (紐交所：FUTY)獲得該股票的曝光。
Price Action: SO shares are down 0.08% at $83.45 premarket at the last check Thursday.
截至上週四的最後交易日，SO股價爲83.45美元，與盤前相比下跌0.08％。
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