Emera Inc

Latest Results (13.11.2025):

Emera Inc reported its Q4 2024 financial results and full year outcomes, demonstrating a mixed performance across key metrics. The Q4 adjusted earnings per share (EPS) increased to $0.84 from $0.63 year-over-year, driven by robust earnings from its regulated utilities despite reduced contributions from the Labrador Island Link following its sale. Net income and reported EPS for both the quarter and the full year were impacted by various charges, including goodwill impairments and wind-down costs, even as the company executed its largest ever annual capital plan of $3.2 billion.

Quarterly Performance

For Q4 2024, Emera Inc's adjusted EPS rose 33% to $0.84 compared to $0.63 in Q4 2023, despite a drop in reported EPS from $1.04 to $0.52. The increase in adjusted earnings was driven by higher earnings across regulated utilities and an improved Corporate income tax recovery, even as the sale of the Labrador Island Link contributed less to overall earnings.

Annual Results

In 2024, Emera Inc recorded a reported net income of $494 million, or $1.71 per common share, compared to $978 million, or $3.57 per share in 2023. Its full year adjusted EPS was $2.94, nearly steady against 2023’s $2.96. The annual performance reflects the impact of $225 million in charges, including significant goodwill impairments, partially offset by gains on the sale of the LIL and specific tax benefits.

Capital Plan and Rate Case Success

Emera's strategic initiatives included executing its largest annual capital plan of $3.2 billion, which drove a 7% increase in its rate base. Additionally, the completion of Tampa Electric’s rate case resulted in a 10.5% return on equity and a significant multi-year revenue boost, with increases projected of $185 million in 2025, $87 million in 2026, and $9 million in 2027.