What are the main concerns in SOUTHERN CO's latest SEC filing?

The analysis identified 4 key concerns: Guarantees provided by Southern Company Gas for its Series 2025A and 2025B Senior Notes.; Alabama Power's potential for future storm damage costs not covered by reserves.; Cybersecurity and Technology Failures (high).

What are the top risks for SOUTHERN CO (SO)?

The top risks identified in the 10-Q filing are: Cybersecurity and Technology Failures, Regulatory and Legislative Uncertainty, Supply Chain Disruptions and Inflation. Southern Company faces significant risks related to cybersecurity threats on critical infrastructure, evolving regulatory landscapes that could increase costs, and persistent supply chain disruptions impacting operations and finances.

SO - Comprehensive Filing Intelligence

Q3 2025•10-Q•Filed Oct 30, 2025

6.0/10

Filing Health:GOOD

Solid fundamentals with minor concerns to monitor

Executive Summary

Rising natural gas prices and increased generation activity (including Plant Vogtle) are driving up fuel and purchased power costs, which are largely recovered through regulatory mechanisms.. Significant increases in depreciation and amortization are attributed to new plant in service (especially Plant Vogtle) and wind repowering initiatives.. Guarantees provided by Southern Company Gas for its Series 2025A and 2025B Senior Notes.. Southern Power operating income turned negative.

Top Concerns

!Guarantees provided by Southern Company Gas for its Series 2025A and 2025B Senior Notes.
!Alabama Power's potential for future storm damage costs not covered by reserves.
!Cybersecurity and Technology Failures (high)
!Regulatory and Legislative Uncertainty (high)

Analysis Dimensions

Our 5-pass AI analysis examines this filing across multiple dimensions. Each dimension score is derived from direct analysis of SEC filing text.

Narrative Intelligence

6.0/10

Management tone is balanced.

Full analysis includes: tone changes vs prior quarter, margin driver breakdown, forward guidance analysis, strategic priorities.

Accounting Quality

7.0/10

Earnings quality shows moderate accounting practices.

Full analysis includes: reserve and allowance changes, non-recurring item analysis, stock-based compensation impact, disclosure concerns.

Hidden Liabilities

Off-balance sheet risk is low.

Full analysis includes: cloud and purchase commitments, VIE/SPE exposure, covenant compliance status, refinancing risk assessment.

Risk Landscape

3.0/10

Overall risk profile shows cybersecurity and technology failures as primary concern.

Full analysis includes: 8 risk categories with severity, new vs escalated risks, management response assessment, risk trend analysis.

Segment Performance

6.0/10

Segment health analysis.

Full analysis includes: segment-by-segment revenue breakdown, geographic concentration risk, customer concentration analysis, segment margin trends.