Southern Company profits soar as summer heat scorches South

Profits at Southern Company — the parent of Alabama Power — rose to $1.2 billion in the second quarter of 2024, an increase of more than 43% compared to last year, as the company benefitted from a series of electricity rate increases, high temperatures and an influx of data centers to its service territories.

Alabama Power’s net profits in the second quarter were $369 million -- a more than 18% increase from the same period last year.Alabama Power’s operating revenues in the second quarter were $1.87 billion -- a nearly 11% increase from the $1.69 billion for the same period in 2023. In the first half of 2024, Alabama Power recorded $3.66 billion in operating revenues, up 9 percent for the same period last year.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Unilever’s Sales, Profits Rise in First Half as Company Slashes JobsUnilever (ULVR) saw sales, profits rise in the first half with a new efficiency drive working and layoffs going forward in Europe, and elsewhere.
La source: wwd - 🏆 24. / 68 Lire la suite »

Tesla shares plummet after company reports falling profitsThe company faces sluggish sales and heightened competition.
La source: abc7newsbayarea - 🏆 529. / 51 Lire la suite »

Tesla shares plummet after company reports falling profitsThe company faces sluggish sales and heightened competition.
La source: ABC7 - 🏆 67. / 68 Lire la suite »