Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>The Southern Company recently reported strong financial results for the third quarter of 2025, indicating a robust performance from its state-regulated electric and gas utilities.</li>
<li>The company achieved an adjusted earnings per share (EPS) of $1.60, which surpassed prior estimates by $0.10 and reflected a year-over-year increase of $0.17.</li>
<li>This positive performance was driven by strategic investments in regulated utilities, vigorous customer growth, and increased usage, despite being partially offset by milder weather, higher depreciation and amortization, and elevated interest costs.</li>
</ul>


The Southern Company recently reported strong financial results for the third quarter of 2025, indicating a robust performance from its state-regulated electric and gas utilities.
The company achieved an adjusted earnings per share (EPS) of $1.60, which surpassed prior estimates by $0.10 and reflected a year-over-year increase of $0.17.
This positive performance was driven by strategic investments in regulated utilities, vigorous customer growth, and increased usage, despite being partially offset by milder weather, higher depreciation and amortization, and elevated interest costs.


Southern Co: Expanding Capital Investment in Response to Rising Energy Demand...

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>Southern Company is a major U.S. utility well-positioned for growth, driven by significant economic development and increasing electricity demand from data centers and industrial customers in its Southeastern service territories.</li>
  <li>The company is executing a substantial capital expenditure plan of approximately $76 billion, focusing on grid modernization, transmission expansion, and growing its diverse energy portfolio, including nuclear, natural gas, and renewables, to meet a projected 8.2GW load growth by winter 2030/2031.</li>
  <li>While benefiting from constructive regulatory environments that support stable earnings and a long history of dividend growth, the company faces risks related to its high debt load, execution on large-scale projects, and rising operating expenses.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Southern Company is a major U.S. utility well-positioned for growth, driven by significant economic development and increasing electricity demand from data centers and industrial customers in its Southeastern service territories.
  The company is executing a substantial capital expenditure plan of approximately $76 billion, focusing on grid modernization, transmission expansion, and growing its diverse energy portfolio, including nuclear, natural gas, and renewables, to meet a projected 8.2GW load growth by winter 2030/2031.
  While benefiting from constructive regulatory environments that support stable earnings and a long history of dividend growth, the company faces risks related to its high debt load, execution on large-scale projects, and rising operating expenses.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Southern Co/The (SO US) - Sep 2025

<ul>
<li>Southern Company reported strong performance for the fourth quarter of 2024, with adjusted earnings per share (EPS) reaching $4.05, marking an 11% growth from the previous year and positioning itself at the top of the 2024 guidance range.</li>
<li>This success is attributed to steady investments in state-regulated utilities and the successful management of weather-related impacts.</li>
<li>Positives from the earnings report include the addition of 57,000 new residential electric customers and 26,000 new customers in natural gas distribution businesses, reflecting robust growth, particularly in the Southeast.</li>
</ul>


Southern Company reported strong performance for the fourth quarter of 2024, with adjusted earnings per share (EPS) reaching $4.05, marking an 11% growth from the previous year and positioning itself at the top of the 2024 guidance range.
This success is attributed to steady investments in state-regulated utilities and the successful management of weather-related impacts.
Positives from the earnings report include the addition of 57,000 new residential electric customers and 26,000 new customers in natural gas distribution businesses, reflecting robust growth, particularly in the Southeast.


Southern Company: Is The Growth in Southern Power's Asset Portfolio Sustainable?

<ul>
<li>Southern Company recently reported its third-quarter 2024 financial results, showcasing a blend of operational resilience and moderate financial performance amidst significant external challenges, most notably Hurricane Helene.</li>
<li>The storm was described as the most destructive in Georgia Power's history, impacting 53 counties and causing over 1.5 million power outages.</li>
<li>Despite the destruction, Southern Company demonstrated impressive operational capabilities with a rapid restoration effort.</li>
</ul>


Southern Company recently reported its third-quarter 2024 financial results, showcasing a blend of operational resilience and moderate financial performance amidst significant external challenges, most notably Hurricane Helene.
The storm was described as the most destructive in Georgia Power's history, impacting 53 counties and causing over 1.5 million power outages.
Despite the destruction, Southern Company demonstrated impressive operational capabilities with a rapid restoration effort.


The Southern Company: Growth in Renewable & Natural Gas Expansion As A Key Growth Catalyst!

<ul>
<li>The Southern Company's second quarter 2024 earnings highlighted robust performance across its electric and gas businesses.</li>
<li>CFO Tucker reported an adjusted earnings per share of $1.10, a significant increase from the previous year and well above the expected $0.90.</li>
<li>The reported results indicated a well-balanced combination of higher-than-expected electric load demands due to unusually warm weather and sustained economic growth, particularly in the Southeast region.</li>
</ul>


The Southern Company's second quarter 2024 earnings highlighted robust performance across its electric and gas businesses.
CFO Tucker reported an adjusted earnings per share of $1.10, a significant increase from the previous year and well above the expected $0.90.
The reported results indicated a well-balanced combination of higher-than-expected electric load demands due to unusually warm weather and sustained economic growth, particularly in the Southeast region.


The Southern Company: Infrastructure Resilience and Technological Enhancements Catalyzing Growth!

United States

The Southern Company is a public utility holding company. The Company, through its subsidiaries, generates, wholesales, and retails electricity in the southeastern United States. The Company also offers wireless telecommunications services, and provides businesses with two-way radio, telephone, paging, and Internet access services as well as wholesales fiber optic solutions.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Southern Co/The (SO US)

Southern Co: Expanding Capital Investment in Response to Rising Energy Demand...

The Southern Company recently reported strong financial results for the third quarter of 2025, indicating a robust performance from its state...

Baptista Research

Primer: Southern Co/The (SO US) - Sep 2025

Southern Company is a major U.S. utility well-positioned for growth, driven by significant economic development and increasing electricity...

αSK

Southern Company: Is The Growth in Southern Power's Asset Portfolio Sustainable?

Southern Company reported strong performance for the fourth quarter of 2024, with adjusted earnings per share (EPS) reaching $4.05, marking an 11%...

Baptista Research

The Southern Company: Growth in Renewable & Natural Gas Expansion As A Key Growth Catalyst!

Despite the destruction, Southern Company demonstrated impressive operational capabilities with a rapid restoration effort.

Baptista Research

The Southern Company: Infrastructure Resilience and Technological Enhancements Catalyzing Growth!

The Southern Company's second quarter 2024 earnings highlighted robust performance across its electric and gas businesses.

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)