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 (纽交所: SO) 股票下跌，该公司报告二季度2024年营业收入同比增长12.4％，达到64.63亿美元，超过预期的60.99亿美元。
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).
分段的营业收入为：Alabama Power 18.73亿美元（+10.9％ YoY），Georgia Power 28.75亿美元（+20.2％ YoY），Mississippi Power 36400万美元（+17.0％ YoY），Southern Power 52400万美元（-0.2％ YoY）和Southern Company Gas 83100万美元（-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%.
受管制的公用事业客户总数同比增长0.8％，其中传统电力总计+1.2％，Southern Company Gas为+0.4％。千瓦时销售同比增长3.9％，其中零售销售增长5.8％，批发销售下降1.1％。
Operating expenses rose to $4.52 billion from $4.46 billion in the quarter.
经营费用从上一季度的446亿美元增加到452亿美元。
Adjusted EPS improved to $1.10, from $0.79 YoY, beating the consensus of $0.92.
调整后的每股收益从去年同期的0.79美元增至1.10美元，超过预期的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，高水平公用事业收入的增长部分抵消了利息支出、折旧和摊销以及所得税的增加。
Net cash from operating activities in the six months totaled $4.00 billion, up from $2.90 billion a year ago.
六个月的经营性现金流总额为40亿美元，比去年同期的29亿美元增加。
As of June 30, 2024, cash, cash equivalents stood at $1.152 million.
截至2024年6月30日，现金及现金等价物达到115.2万美元。
Outlook: Southern reaffirms FY24 adjusted EPS guidance at $3.95-$4.05 vs cons. of $4.02.
展望：Southern再次确认FY24调整后每股收益指导值为3.95-4.05美元，而预期值为4.02美元。
Also, the company projects Q3 adj. EPS of $1.30 vs. $1.47 estimate.
此外，该公司预计Q3调整后每股收益为1.30美元，而预期为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首席执行官Christopher C. Womack表示：“服务区域，特别是我们东南服务区域内的服务区域，仍然表现强劲，客户增长和经济发展强劲。”
Investors can gain exposure to the stock via SPDR Select Sector Fund – Utilities (NYSE:XLU) and Fidelity MSCI Utilities Index ETF (NYSE:FUTY).
投资者可以通过SPDR Select Sector Fund - Utilities (纽交所：XLU)和Fidelity MSCI Utilities Index ETF (纽交所：FUTY)获得该股票的曝光。
Price Action: SO shares are down 0.08% at $83.45 premarket at the last check Thursday.
截至上周四的最后交易日，SO股价为83.45美元，与盘前相比下跌0.08％。
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