trending Market Intelligence /marketintelligence/en/news-insights/trending/L911dvX2mzWyj6sq0UEHzA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Southern records Q2 loss due to Kemper, gas acquisition costs

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon


Southern records Q2 loss due to Kemper, gas acquisition costs

Southern Co. reported second-quarter 2017 net income, excluding losses related to certain generation projects and acquisitions, of $728 million, or 73 cents per share, compared to $704 million, or 75 cents per share, in the prior-year period. The S&P Capital IQ consensus normalized EPS estimate for the most recent quarter was 71 cents.

The result for the 2017 second quarter excludes a $3.01 billion estimated loss on the Plant Ratcliffe integrated gasification combined-cycle project in Kemper County, Miss., and $9 million in costs related to the acquisition and integration of Southern Co. Gas, among others.

On a GAAP basis, Southern posted a second-quarter 2017 consolidated net loss attributable to the company of $1.38 billion, or a loss of $1.38 per share, compared to net income of $623 million, or 67 cents per share, in the year-ago quarter.

Southern's second-quarter operating revenues grew 21.8% to $5.43 billion in 2017, from $4.46 billion in 2016, with Southern Co. Gas accounting for $716 million of the year-over-year increase.

The company recorded an operating loss of $1.59 billion in the most recent quarter, compared to operating income of $1.19 billion in the second quarter of 2016.

"Our premier state-regulated electric and gas operating companies performed well during the second quarter," said Chairman, President and CEO Thomas Fanning.