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Southern Company increased its five-year capital spending plan to $81 billion from $76 billion to accommodate rising electricity demand from data centers in the Southeast U.S. The utility has contracted 10 gigawatts of demand and identified a large-load pipeline of 75 gigawatts.

It plans to boost its power generation capacity, including potential upgrades of existing natural gas facilities and additional renewable projects. For the quarter ending December 31, the company reported an adjusted profit of 55 cents per share, below analysts' expectations. It forecasts adjusted profits for 2026 to be between $4.50 and $4.60 per share.