Southern Company (The) Series 2025A 6.50% Junior Subordinated Notes due March 15 2085 (SOJF)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at SOJF first as a credit instrument, not as common equity. The issuer reported FY2025 revenue of $28.9B, net income of $4.3B, and diluted EPS of $3.92; that compares with FY2024 revenue of $26.8B, net income of $4.4B, and EPS of $3.99, and FY2023 revenue of $24.8B, net income of $4.0B, and EPS of $3.62. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $8.0B, net income $1.4B, and EPS $1.20. Those are respectable absolute profits, and revenue has grown, but the recent profit trend is flat to slightly down. FairStock’s Lynch category is SLOW GROWER, citing 6.9% annual profit growth and 6.5% revenue growth over five years—steady, not dynamic. The security itself carries a 6.50% coupon, matures in 2085, and is junior subordinated, so I must weigh long duration, subordination, and rate sensitivity. At $23.23 on 2026-10-16, within a 52-week range of $22.15–$26.28, it sits near the low end, but I have no P/E, P/B, ROE, ROCE, D/E, coverage, or FairStock score from the data. Without yield-to-maturity, call terms, and credit metrics, I cannot establish a true margin of safety. The income coupon is the main attraction; the absence of credit detail and the very long maturity are the main cautions. This is a case for demanding a clear spread over safer obligations, not for assuming the coupon is a free lunch.

In plain English: This is a bond-like security from Southern Company that pays 6.50% interest and matures in 2085. The parent company reports large revenue and positive profits—$28.9B of revenue and $4.3B of net income in FY2025—but the security is not common stock, and key credit details are not in the supplied data. At $23.23, near the low of its $22.15–$26.28 52-week range, the price does not look clearly cheap or expensive from the limited numbers; whether it is a good value depends mainly on interest rates and the company’s ability to keep paying.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer