SOUTHERN CO 8-K

What Happened
Southern Company filed a Form 8-K on February 19, 2026, furnishing a press release that reports the company’s results for the three‑month and twelve‑month periods ended December 31, 2025 (and comparative periods ended December 31, 2024). The release presents GAAP earnings and earnings per share and also provides non‑GAAP earnings and EPS that exclude various one‑time or unusual items; reconciliations to the most comparable GAAP measures are included in the exhibit.

Key Details

• Filing date: February 19, 2026; periods covered: three‑month and twelve‑month ended December 31, 2025 and 2024.
• Non‑GAAP adjustments disclosed (with reconciliations) include: charges/credits (net of salvage), legal expenses (net of insurance recoveries), tax impacts related to plants under construction, accelerated depreciation for repowering certain Southern Power wind facilities, costs to extinguish debt at Southern Company, and an estimated loss at Southern Company Gas related to Nicor Gas capital investment disallowances by the Illinois Commerce Commission.
• Additional items: a tax benefit at Southern Company Gas tied to a 2017 TCJA deferred tax adjustment; 2025 disposition impacts from the sale of a multi‑use commercial facility at Alabama Power; and a 2024 impairment related to discontinuing development of that facility.
• Exhibit 99 contains the press release and segment information for Alabama Power, Georgia Power, Mississippi Power, Southern Power and Southern Company Gas; Exhibit 104 contains iXBRL tags. The company noted the furnished information is “not filed” for Section 18 liability purposes.

Why It Matters
Southern’s filing gives investors both GAAP results and adjusted (non‑GAAP) measures with reconciliations so you can see underlying operational performance apart from one‑time or unusual items. Key items to watch that could affect comparability and future results include the Nicor Gas disallowance estimate, debt extinguishment costs, accelerated depreciation at Southern Power, and Alabama Power’s disposition/impairment activity. The “furnished, not filed” designation limits certain legal liabilities for the disclosed information.