SO Earnings Predictions — 2026-07-30

Ticker Report or Guide KPI Prediction Answer Confidence
SO Report Adjusted EPS (Q2'26) BEAT pred ~$1.04 vs. cons ~$1.01 (co. guide $1.00) MEDIUM
SO Report Operating Revenue (Q2'26) IN-LINE pred ~$7.2B vs. cons ~$7.1B LOW
SO Report Contracted large-load / data-center pipeline (GW) BEAT pred ~13-15 GW contracted vs. cons/prior ~11 GW MEDIUM
SO Guide FY2026 Adjusted EPS guidance (reaffirm) UNCHANGED guide ~$4.49-$4.61 (mid $4.55) vs. cons ~$4.55 (FY2026) HIGH
SO Guide Q3'26 Adjusted EPS guide UNKNOWN guide ~$1.55 vs. cons ~$1.53 (Q3 2026) LOW
SO Guide Large-load funnel / risk-adjusted load forecast BETTER guide ~25+ GW contracted-or-late-stage vs. prior ~23 GW (thru mid-2030s) MEDIUM
SO Guide CapEx / rate-base plan & Georgia RFP (2-6 GW) UNCHANGED guide ~$63B plan vs. cons ~$63B (2026-2030); RFP not resolved this qtr MEDIUM
SO Guide Equity financing need thru 2030 UNCHANGED guide ~$1.8B equity vs. prior ~$1.8B (thru 2030) MEDIUM
SO Return Day-1 residual (stock − beta × S&P 500) +0.8% LOW
SO Return 5-day cumulative residual +0.5% (STABILIZE) Low-beta (~0.45) dividend-growth utility; a warm-summer-driven adjusted EPS beat plus a raised large-load number supports a modest positive day-1 residual, but FY guide is only reaffirmed (not raised), so out-period math produces little upward estimate revision. Reaction is anchored by the large-load funnel/RFP color rather than headline EPS; with the stock already near the top of its ~$89-$98 range, follow-through is limited and the residual drifts to stabilize unless management explicitly lifts the long-term growth rate. LOW