Southern Company (The) Series 2
SOJE
New York Stock Exchange16.75
USD
-0.13
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Southern Company (The) Series 2
SOJE
(New York Stock Exchange)
Recent
price
16.75
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Southern Company (The) Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (NYSE: SOJE) represents a fixed-income security issued by The Southern Company, a leading energy holding company that, through its subsidiaries, generates, transmits, distributes, and sells electricity to approximately 9 million retail customers across the southeastern United States; distributes natural gas in four states including Illinois, Georgia, Virginia, and Tennessee; develops, constructs, acquires, owns, and manages power generation assets encompassing natural gas, nuclear, and renewable energy projects sold at wholesale market-based rates; operates approximately 78,500 miles of natural gas pipelines and 14 storage facilities; provides gas marketing services; offers distributed energy and resilience solutions; and delivers digital wireless communications, fiber optics services, and microgrids to commercial, industrial, governmental, and utility customers. Issued on September 15, 2020, in denominations of $25 with an initial call date of October 15, 2025, SOJE bears a fixed annual interest rate of 4.20% payable quarterly in arrears and ranks as junior subordinated debt subordinate to senior debt but senior to common equity, enabling Southern Company to raise capital for general corporate purposes including infrastructure modernization, grid reliability enhancements, and clean energy investments. Headquartered in Atlanta, Georgia, and founded in 1945 through the consolidation of southern electric utilities, the company operates primarily in Alabama, Georgia, Florida, and Mississippi via traditional electric subsidiaries Alabama Power, Georgia Power, and Mississippi Power, alongside Southern Power for wholesale generation and Southern Company Gas for distribution and complementary services. Recent developments include Southern Company Gas subsidiaries Virginia Natural Gas and Chattanooga Gas completing renewable natural gas purchase agreements in June 2025 to expand clean energy portfolios and reduce emissions by 18,978 metric tons of CO2e annually, aligning with net-zero greenhouse gas goals by 2050; securing over 7 GW in large-load contracts across Georgia and Alabama as of October 2025 toward a 50 GW pipeline by mid-2030s driven by data centers and economic growth; announcing a $1.25 billion equity units offering priced November 3, 2025, with remarketable senior notes; issuing $500 million Series 2025A junior subordinated notes in January 2025; and reporting strong third-quarter 2025 earnings with $3.93 billion year-to-date net income, fueled by regulated utility investments and customer additions.