Emera Inc
TSX:EMA

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Emera Inc
TSX:EMA
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Price: 73.32 CAD 1.06% Market Closed
Market Cap: CA$22.1B

Emera Inc
Investor Relations

In the heart of Nova Scotia, Canada, Emera Inc. stands as more than just an energy company; it embodies a strategic blend of regulated electric and gas utilities that powers diverse communities across North America and the Caribbean. With roots dating back over a century, Emera’s narrative is deeply intertwined with the regions it serves, representing a progressive march from its humble beginnings as a local player to an international presence. Operating primarily through its subsidiaries, such as Nova Scotia Power and Tampa Electric, Emera has adeptly woven itself into the fabric of its communities by owning and operating assets that provide essential services—electricity and natural gas distribution. This integration allows Emera to capitalize on the stable cash flows and reliable revenue streams that are characteristic of regulated utilities, ensuring consistent returns on its investments while strategically expanding its portfolio to enhance its reach and efficiency.

Emera's growth story is underpinned by its focus on sustainable energy solutions and a balanced approach between regulation and innovative expansion. As the globe marches towards cleaner energy alternatives, Emera has stepped into the role of a forward-thinking leader by investing significantly in renewable energy projects and infrastructure upgrades, hence carving out a path in wind, solar, and hydroelectric power. The company makes money primarily through rates approved by regulatory bodies for delivering electricity and gas services, meticulously aligning its operational strategies with regulatory policies to secure predictable income. Its goal is not just to maintain profitability but to also drive a transition towards lower-carbon energy within its operational regions, showcasing a commitment to future-proof its business model while addressing the growing demand for more sustainable energy sources.

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EMA
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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 23, 2026
AI Summary
Q4 2025

Record Results: Emera achieved its strongest year ever in 2025, with annual adjusted earnings exceeding $1 billion for the first time and adjusted EPS of $3.49, up 19% over 2024.

Guidance Extended: The company extended its 5% to 7% adjusted EPS growth target through 2030, providing longer-term visibility and maintaining 2024 as the base year.

Strong Cash Flow: Operating cash flow grew 19% year-over-year, and the payout ratio improved to 83%, on track for an 80% goal by 2027.

Major Capital Investment: Emera invested a record $3.6 billion in 2025 and plans $4 billion in 2026 as part of a $20 billion 5-year capital plan, targeting 7% to 8% rate base growth.

Technology & Grid Modernization: Significant advancements in AI, automation, and grid resilience were highlighted across subsidiaries, especially at Tampa Electric and Nova Scotia Power.

Regulatory Progress: Favorable rate case outcomes in Florida provide regulatory clarity; a consensus agreement in Nova Scotia is expected to limit rate increases while supporting investment.

New Mexico Gas Sale: The sale is progressing, with a decision expected soon and closing anticipated in the first half of 2026.

Data Center Growth Not Included: Current capital and EPS guidance do not assume any data center-driven load growth, though management remains optimistic about future opportunities.

Key Financials
Adjusted Earnings
$1.45B
Adjusted Earnings Per Share
$3.49
Fourth Quarter Adjusted Earnings
$167M
Fourth Quarter Adjusted Earnings Per Share
$0.55
Payout Ratio
83%
Capital Investment
$3.6B in 2025
Rate Base Growth
approximately 8% over 2024
Earnings Call Recording
Other Earnings Calls

Management

Mr. Scott Carlyle Balfour
CEO, President & Director
No Bio Available
Mr. Gregory W. Blunden F.C.A., FCPA
Chief Financial Officer
No Bio Available
Mr. Bruce A. Marchand
Chief Risk & Sustainability Officer
No Bio Available
Ms. Karen E. Hutt
Executive Vice President of Business Development & Strategy
No Bio Available
Mr. Archibald D. Collins
President & CEO of Tampa Electric
No Bio Available
Mr. Dave Bezanson
Vice President of Investor Relations & Pensions
No Bio Available
Mr. Michael R. Barrett B.Com., L.L.B., M.B.A.
Executive VP, Legal & General Counsel
No Bio Available
Mr. R. Michael Roberts CA
Chief Human Resources Officer
No Bio Available
Mr. Daniel P. Muldoon
Executive Vice President of Project Development & Operations Support
No Bio Available
Mr. Chris Heck
Chief Digital Officer
No Bio Available

Contacts

Address
NOVA SCOTIA
Halifax
1223 Lower Water St
Contacts
+19024286494.0
www.emera.com
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