Southern Company released another quarterly earnings report on Thursday with a big gain from July to September.

Southern Company has nine million customers in several Southeastern states, including Alabama. Alabama Power is a subsidiary of Southern Company.

Southern Company on Thursday reported third-quarter profit of $1.5 billion, or $1.40 a share in 2024, compared with a profit of $1.4 billion, or $1.30 Dollars per share in the third quarter of 2023.

For the first nine months of 2024, Southern Company reported profit of $3.9 billion, or $3.53 per share, compared with $3.1 billion, or $2.86 per share, in the same period in 2023.

Adjusted earnings drivers for the third quarter of 2024 compared to the same period in 2023 were higher utility revenues, partially offset by higher interest expense, depreciation and amortization, non-fuel operations and maintenance expenses, and income taxes.

Operating income was $7.3 billion in the third quarter of 2024 compared to $7.0 billion in the third quarter of 2023, an increase of 4.2%. For the nine months ended September 30, 2024, operating income was $20.4 billion, compared to $19.2 billion in the corresponding period of 2023, an increase of 6.1%.

“Our entire business, including our leading federally regulated electric and gas utilities, continued to perform well in the third quarter,” said Christopher Womack, chairman, president and CEO of Southern Company. “Employees across the Southern Company system came together to respond to Hurricane Helene, a storm of extraordinary magnitude that proved to be the most destructive in Georgia Power's history. We are grateful for the thousands of line workers, technicians and support staff who joined the first responders. Emergency management agencies and local, state and federal government officials, industry partners and an exceptional mutual aid workforce are working tirelessly to restore service to customers across Georgia. We are proud to continue to provide additional assistance to affected individuals and families. “Our commitment to communities and customers has never been more important.”

To contact the author of this story or leave a comment, send an email [email protected].

Don't miss this! Subscribe to our newsletter and get our top stories every weekday morning.