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Southern Company Reports First-Quarter 2021 Earnings


$0.98
NOTE:
For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Earnings drivers for the first quarter of 2021, as compared with 2020, were robust customer growth, higher residential sales and colder weather, partially offset by lower commercial and industrial sales.
Southern Company experienced a strong start to the year, said Chairman, President and CEO, Thomas A. Fanning. The economies in our service territories are starting to recover from the COVID-19 pandemic, added Fanning. Customer demand is improving faster than we anticipated. Importantly, programs we implemented to keep customers connected during the pandemic – including alternative payment arrangements have helped those in need of assistance as we have continued to reliably provide for their energy needs. I am extremely proud of our employees and the ways we have partnered with our communities during ....

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