Subtext

The Southern Company SO

SectorUtilities
Transcripts73
Date range2006-02-01 – 2025-05-01
Calls charted73

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-15-8+0+8+152005 Q42009 Q32012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32005 Q4 · Overall: +0.82006 Q2 · Overall: -0.62007 Q3 · Overall: -1.52007 Q4 · Overall: -0.62008 Q1 · Overall: +5.22008 Q2 · Overall: -0.92008 Q3 · Overall: -1.22008 Q4 · Overall: -2.52009 Q1 · Overall: -1.22009 Q2 · Overall: -5.62009 Q3 · Overall: -1.32009 Q4 · Overall: +0.42010 Q1 · Overall: -0.42010 Q2 · Overall: -2.12010 Q3 · Overall: -1.72010 Q4 · Overall: +2.12011 Q1 · Overall: -3.02011 Q2 · Overall: -0.12011 Q3 · Overall: -1.22011 Q4 · Overall: -0.62012 Q1 · Overall: -0.42012 Q2 · Overall: -3.52012 Q3 · Overall: -0.32013 Q1 · Overall: -1.32013 Q2 · Overall: -1.42013 Q3 · Overall: -2.82013 Q4 · Overall: -0.82014 Q1 · Overall: +2.12014 Q2 · Overall: +0.42014 Q3 · Overall: -0.22014 Q4 · Overall: +0.72015 Q1 · Overall: +3.22015 Q2 · Overall: +3.12015 Q3 · Overall: +0.82015 Q4 · Overall: +6.82016 Q1 · Overall: +9.22016 Q2 · Overall: +7.32016 Q3 · Overall: +8.12016 Q4 · Overall: -0.22017 Q1 · Overall: +0.82017 Q2 · Overall: +0.02017 Q3 · Overall: +4.12017 Q4 · Overall: +6.72018 Q1 · Overall: +7.02018 Q2 · Overall: -0.72018 Q3 · Overall: +9.92018 Q4 · Overall: +9.82019 Q1 · Overall: +3.32019 Q2 · Overall: +5.42019 Q3 · Overall: +6.22019 Q4 · Overall: +7.62020 Q1 · Overall: -1.02020 Q2 · Overall: -0.92020 Q3 · Overall: +6.52020 Q4 · Overall: +3.92021 Q1 · Overall: +5.32021 Q2 · Overall: +2.52021 Q3 · Overall: +4.42021 Q4 · Overall: +1.12022 Q1 · Overall: +2.32022 Q2 · Overall: +5.32022 Q3 · Overall: +4.02022 Q4 · Overall: +1.32023 Q1 · Overall: +13.22023 Q2 · Overall: +8.52023 Q3 · Overall: +4.62023 Q4 · Overall: +9.22024 Q1 · Overall: +0.52024 Q2 · Overall: +10.42024 Q3 · Overall: +4.82024 Q4 · Overall: +8.92025 Q1 · Overall: +4.8
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-25-12+0+12+252005 Q42009 Q32012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32005 Q4 · CEO: +21.62006 Q2 · CEO: +3.82007 Q3 · CEO: -0.72007 Q4 · CEO: +8.12008 Q1 · CEO: +8.92008 Q2 · CEO: +6.02008 Q3 · CEO: +3.82008 Q4 · CEO: +4.62009 Q1 · CEO: +6.12009 Q2 · CEO: +7.42009 Q3 · CEO: +5.42009 Q4 · CEO: +9.22010 Q1 · CEO: +6.22010 Q2 · CEO: +1.62010 Q3 · CEO: -2.32010 Q4 · CEO: +5.62011 Q1 · CEO: -0.52011 Q2 · CEO: +4.52011 Q3 · CEO: +3.42011 Q4 · CEO: +5.22012 Q1 · CEO: +5.72012 Q2 · CEO: -2.12012 Q3 · CEO: +3.72013 Q1 · CEO: +1.02013 Q2 · CEO: +2.82013 Q3 · CEO: +2.02013 Q4 · CEO: +4.52014 Q1 · CEO: +4.92014 Q2 · CEO: +6.92014 Q3 · CEO: +2.12014 Q4 · CEO: +4.52015 Q1 · CEO: +10.42015 Q4 · CEO: +9.42016 Q3 · CEO: +8.62016 Q4 · CEO: +5.12017 Q1 · CEO: +5.52017 Q2 · CEO: +5.72017 Q3 · CEO: +9.02017 Q4 · CEO: +12.82018 Q1 · CEO: +13.02018 Q2 · CEO: +1.82018 Q3 · CEO: +15.32018 Q4 · CEO: +16.02019 Q1 · CEO: +9.52019 Q2 · CEO: +7.32019 Q3 · CEO: +9.82019 Q4 · CEO: +10.12020 Q1 · CEO: -0.52020 Q2 · CEO: +1.72020 Q3 · CEO: +8.82020 Q4 · CEO: +8.12021 Q1 · CEO: +6.52021 Q2 · CEO: +4.42021 Q3 · CEO: +5.52021 Q4 · CEO: +1.02022 Q1 · CEO: +6.12022 Q2 · CEO: +8.12022 Q3 · CEO: +5.42022 Q4 · CEO: +3.82023 Q2 · CEO: +14.52023 Q3 · CEO: +9.12023 Q4 · CEO: +20.12024 Q1 · CEO: +3.62024 Q2 · CEO: +15.92024 Q3 · CEO: +5.52024 Q4 · CEO: +21.22025 Q1 · CEO: +8.32005 Q4 · CFO: +0.02006 Q2 · CFO: +3.12007 Q3 · CFO: +0.02007 Q4 · CFO: -0.92008 Q1 · CFO: +7.82008 Q2 · CFO: -4.82008 Q3 · CFO: -0.42008 Q4 · CFO: -4.62009 Q1 · CFO: -2.52009 Q2 · CFO: -3.72009 Q3 · CFO: -1.22009 Q4 · CFO: +2.62010 Q1 · CFO: -1.52010 Q2 · CFO: +2.32010 Q3 · CFO: +3.02010 Q4 · CFO: +5.72011 Q1 · CFO: +1.22011 Q2 · CFO: +3.92011 Q3 · CFO: +0.52011 Q4 · CFO: +0.02012 Q1 · CFO: +0.52012 Q2 · CFO: +0.72012 Q3 · CFO: +3.72013 Q1 · CFO: +1.42013 Q2 · CFO: +0.02013 Q3 · CFO: +0.02013 Q4 · CFO: +0.22014 Q1 · CFO: +4.32014 Q2 · CFO: -4.52014 Q3 · CFO: +4.92014 Q4 · CFO: +6.12015 Q1 · CFO: +8.32015 Q4 · CFO: +12.02016 Q3 · CFO: +12.22016 Q4 · CFO: +2.72017 Q1 · CFO: +5.02017 Q2 · CFO: +5.32017 Q3 · CFO: +10.82017 Q4 · CFO: +9.72018 Q1 · CFO: +8.22018 Q2 · CFO: +1.22018 Q3 · CFO: +14.12018 Q4 · CFO: +8.52019 Q1 · CFO: +4.62019 Q2 · CFO: +13.62019 Q3 · CFO: +2.82019 Q4 · CFO: +10.62020 Q1 · CFO: +1.52020 Q2 · CFO: +0.02020 Q3 · CFO: +10.72020 Q4 · CFO: +3.02021 Q1 · CFO: +7.32021 Q2 · CFO: +8.22021 Q4 · CFO: +6.92022 Q1 · CFO: +1.22022 Q2 · CFO: +6.32022 Q3 · CFO: +11.22022 Q4 · CFO: +4.82023 Q1 · CFO: +17.02023 Q2 · CFO: +4.02023 Q3 · CFO: +7.22023 Q4 · CFO: +9.32024 Q1 · CFO: +7.82024 Q2 · CFO: +11.32024 Q3 · CFO: +6.62024 Q4 · CFO: +10.22025 Q1 · CFO: +5.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-27-14+0+14+272005 Q42009 Q32012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32005 Q4 · Prepared remarks: +7.82006 Q2 · Prepared remarks: +0.62007 Q3 · Prepared remarks: -8.12007 Q4 · Prepared remarks: +9.62008 Q1 · Prepared remarks: +7.32008 Q2 · Prepared remarks: +3.02008 Q3 · Prepared remarks: +0.02008 Q4 · Prepared remarks: +4.52009 Q1 · Prepared remarks: +1.62009 Q2 · Prepared remarks: -3.12009 Q3 · Prepared remarks: +1.22009 Q4 · Prepared remarks: +5.12010 Q1 · Prepared remarks: +3.72010 Q2 · Prepared remarks: +3.52010 Q3 · Prepared remarks: +3.22010 Q4 · Prepared remarks: +11.42011 Q1 · Prepared remarks: +0.72011 Q2 · Prepared remarks: +6.22011 Q3 · Prepared remarks: +9.02011 Q4 · Prepared remarks: +11.12012 Q1 · Prepared remarks: +11.02012 Q2 · Prepared remarks: +4.02012 Q3 · Prepared remarks: +5.02013 Q1 · Prepared remarks: +7.42013 Q2 · Prepared remarks: +4.82013 Q3 · Prepared remarks: +0.82013 Q4 · Prepared remarks: +2.12014 Q1 · Prepared remarks: +12.22014 Q2 · Prepared remarks: +6.32014 Q3 · Prepared remarks: +2.82014 Q4 · Prepared remarks: +5.52015 Q1 · Prepared remarks: +14.22015 Q2 · Prepared remarks: +9.42015 Q3 · Prepared remarks: +2.92015 Q4 · Prepared remarks: +19.32016 Q1 · Prepared remarks: +19.62016 Q2 · Prepared remarks: +16.82016 Q3 · Prepared remarks: +8.42016 Q4 · Prepared remarks: +8.82017 Q1 · Prepared remarks: +10.42017 Q2 · Prepared remarks: +6.22017 Q3 · Prepared remarks: +8.22017 Q4 · Prepared remarks: +15.82018 Q1 · Prepared remarks: +14.82018 Q2 · Prepared remarks: +0.02018 Q3 · Prepared remarks: +12.22018 Q4 · Prepared remarks: +18.62019 Q1 · Prepared remarks: +8.82019 Q2 · Prepared remarks: +17.62019 Q3 · Prepared remarks: +15.82019 Q4 · Prepared remarks: +14.42020 Q1 · Prepared remarks: -1.82020 Q2 · Prepared remarks: +1.32020 Q3 · Prepared remarks: +18.52020 Q4 · Prepared remarks: +7.52021 Q1 · Prepared remarks: +14.82021 Q2 · Prepared remarks: +6.12021 Q3 · Prepared remarks: +11.12021 Q4 · Prepared remarks: +13.72022 Q1 · Prepared remarks: +19.52022 Q2 · Prepared remarks: +14.02022 Q3 · Prepared remarks: +9.12022 Q4 · Prepared remarks: +2.62023 Q1 · Prepared remarks: +20.12023 Q2 · Prepared remarks: +16.12023 Q3 · Prepared remarks: +11.62023 Q4 · Prepared remarks: +23.82024 Q1 · Prepared remarks: +14.02024 Q2 · Prepared remarks: +13.22024 Q3 · Prepared remarks: -1.42024 Q4 · Prepared remarks: +19.42025 Q1 · Prepared remarks: +12.62005 Q4 · Q&A responses: +0.02006 Q2 · Q&A responses: +4.22007 Q3 · Q&A responses: +3.72007 Q4 · Q&A responses: -3.52008 Q1 · Q&A responses: +9.12008 Q2 · Q&A responses: +0.52008 Q3 · Q&A responses: +2.22008 Q4 · Q&A responses: -3.02009 Q1 · Q&A responses: +2.22009 Q2 · Q&A responses: +2.92009 Q3 · Q&A responses: +1.82009 Q4 · Q&A responses: +3.22010 Q1 · Q&A responses: +1.02010 Q2 · Q&A responses: +0.52010 Q3 · Q&A responses: -2.52010 Q4 · Q&A responses: -0.32011 Q1 · Q&A responses: -0.82011 Q2 · Q&A responses: +3.02011 Q3 · Q&A responses: -1.82011 Q4 · Q&A responses: -1.42012 Q1 · Q&A responses: -0.92012 Q2 · Q&A responses: -6.02012 Q3 · Q&A responses: +2.02013 Q1 · Q&A responses: -1.52013 Q2 · Q&A responses: +0.12013 Q3 · Q&A responses: +1.92013 Q4 · Q&A responses: +2.42014 Q1 · Q&A responses: +0.72014 Q2 · Q&A responses: +1.12014 Q3 · Q&A responses: +2.02014 Q4 · Q&A responses: +4.52015 Q1 · Q&A responses: +6.22015 Q2 · Q&A responses: +7.22015 Q3 · Q&A responses: +1.32015 Q4 · Q&A responses: +6.92016 Q1 · Q&A responses: +9.32016 Q2 · Q&A responses: +10.92016 Q4 · Q&A responses: +3.22017 Q1 · Q&A responses: +4.42017 Q2 · Q&A responses: +4.62017 Q3 · Q&A responses: +9.72017 Q4 · Q&A responses: +8.02018 Q1 · Q&A responses: +9.22018 Q2 · Q&A responses: +1.92018 Q3 · Q&A responses: +15.22018 Q4 · Q&A responses: +10.92019 Q1 · Q&A responses: +8.32019 Q2 · Q&A responses: +6.22019 Q3 · Q&A responses: +4.22019 Q4 · Q&A responses: +7.92020 Q1 · Q&A responses: +1.12020 Q2 · Q&A responses: +1.52020 Q3 · Q&A responses: +5.12020 Q4 · Q&A responses: +5.92021 Q1 · Q&A responses: +3.62021 Q2 · Q&A responses: +4.72021 Q3 · Q&A responses: +3.72021 Q4 · Q&A responses: -2.62022 Q1 · Q&A responses: +0.22022 Q2 · Q&A responses: +5.62022 Q3 · Q&A responses: +6.62022 Q4 · Q&A responses: +9.52023 Q1 · Q&A responses: +16.82023 Q2 · Q&A responses: +9.32023 Q3 · Q&A responses: +6.42023 Q4 · Q&A responses: +8.12024 Q1 · Q&A responses: +4.32024 Q2 · Q&A responses: +16.22024 Q3 · Q&A responses: +8.72024 Q4 · Q&A responses: +9.22025 Q1 · Q&A responses: +3.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.67$3.52$4.372005 Q42009 Q32012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32014 Q1: $2.792014 Q2: $2.832014 Q3: $2.842014 Q4: $2.872015 Q1: $2.862015 Q2: $2.882015 Q3: $2.922015 Q4: $2.942016 Q1: $2.872016 Q2: $2.912016 Q3: $2.942016 Q4: $2.992017 Q1: $3.022017 Q2: $3.042017 Q3: $3.012017 Q4: $3.032018 Q1: $2.942018 Q2: $2.962018 Q3: $3.002018 Q4: $3.022019 Q1: $3.062019 Q2: $3.092019 Q3: $3.122019 Q4: $3.172020 Q1: $3.212020 Q2: $3.232020 Q3: $3.282020 Q4: $3.322021 Q1: $3.372021 Q2: $3.432021 Q3: $3.492021 Q4: $3.542022 Q1: $3.622022 Q2: $3.672022 Q3: $3.752022 Q4: $3.772023 Q1: $3.722023 Q2: $3.812023 Q3: $3.922023 Q4: $4.032024 Q1: $4.092024 Q2: $4.172024 Q3: $4.26

Forward P/E

14.0117.8721.732005 Q42009 Q32012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32014 Q1: 15.362014 Q2: 15.762014 Q3: 15.332014 Q4: 16.832015 Q1: 15.772015 Q2: 14.802015 Q3: 14.722015 Q4: 15.762016 Q1: 17.642016 Q2: 17.482016 Q3: 17.452016 Q4: 16.212017 Q1: 16.792017 Q2: 16.852017 Q3: 16.432017 Q4: 17.062018 Q1: 15.002018 Q2: 14.772018 Q3: 14.542018 Q4: 14.992019 Q1: 16.932019 Q2: 18.042019 Q3: 19.472019 Q4: 20.072020 Q1: 17.412020 Q2: 17.382020 Q3: 16.252020 Q4: 18.202021 Q1: 18.002021 Q2: 18.362021 Q3: 18.932021 Q4: 18.862022 Q1: 18.952022 Q2: 18.112022 Q3: 21.202022 Q4: 18.862023 Q1: 18.192023 Q2: 18.472023 Q3: 17.722023 Q4: 18.132024 Q1: 17.102024 Q2: 18.712024 Q3: 20.91

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q3 tone ↓ -2.4 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +2.4 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2016 Q4 tone ↓ -8.3 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↑ +4.1 fwd EPS ↓ -0.03 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↓ -6.5 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -8.6 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -2.6 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.8 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -3.3 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +11.9 fwd EPS ↓ -0.05 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -4.7 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.9 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -8.7 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -5.7 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+4.8——View →
2024 Q42025-02-20+8.9——View →
2024 Q32024-10-31+4.8$4.2620.9View →
2024 Q22024-08-01+10.4$4.1718.7View →
2024 Q12024-05-02+0.5$4.0917.1View →
2023 Q42024-02-15+9.2$4.0318.1View →
2023 Q32023-11-02+4.6$3.9217.7View →
2023 Q22023-08-03+8.5$3.8118.5View →