Entering text into the input field will update the search result below

Southern takes $6M charge on Kemper delays vs. $235M a year ago

Apr. 29, 2015 8:58 AM ETThe Southern Company (SO) StockSOBy: Carl Surran, SA News Editor3 Comments
  • Southern Co. (NYSE:SO) -0.6% premarket after Q1 earnings and revenues fall short of estimates, but the utility reports it took a smaller hit from its delayed Kemper County plant project.
  • SO took a $6M after-tax charge related to Kemper construction delays in the latest quarter, but the charge was $235M a year ago; meanwhile, SO says some Vogtle nuclear units have been delayed 4-5 more years.
  • Q1 residential energy sales fell 4.2% while commercial sales slipped 1.1%, primarily because of milder winter weather.
  • "The capital intensity of our backlog is roughly 3x normal... we could see more capital investment in the southeast," CEO Tom Fanning tells CNBC.

Recommended For You

About SO Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
SO--
The Southern Company