Emera Reports 2025 Second Quarter Financial Results

Today Emera Inc. (“Emera”) (TSX/NYSE: EMA) reported financial results for the second quarter and year-to-date 2025.

Highlights

• Emera delivers 49% quarterly adjusted earnings per share ¹ (“EPS”) growth with second quarter adjusted EPS ¹ of $0.79 and reported EPS of $0.45.
• In the first half of 2025, teams across Emera successfully deployed more than $1.7 billion in customer-focused capital and are on track to invest more than $3.4 billion this year.
• Remain committed to our 5% to 7% annual average adjusted EPS ¹ growth guidance through 2027 and 7% to 8% forecasted rate base growth through 2029.

“The second quarter of 2025 marks our fourth consecutive quarter of meaningful earnings increases, which can be attributed in large part to strong growth and favourable weather in Florida,” says Scott Balfour, President and CEO of Emera Inc. “We continue to make essential investments across our operating companies to enhance reliability, storm harden our infrastructure and support economic and customer growth in the communities we serve. The continued need for this type of capital investment remains the fundamental driver of our 7% to 8% rate base growth expectations.”

Q2 2025 Financial Results

Q2 2025 adjusted net income ¹ was $236 million, or $0.79 per common share, compared with $151 million, or $0.53 per common share, in Q2 2024. The increase was primarily due to increased earnings at Tampa Electric (“TEC”), Emera Energy Services (“EES”), and New Mexico Gas Company (“NMGC”); and lower corporate costs. These were partially offset by lower earnings at Nova Scotia Power (“NSPI”) and decreased earnings due to the sale of Emera’s equity interest in the Labrador Island Link (“LIL”) in Q2 2024.

Q2 2025 reported net income was $135 million, or $0.45 per common share, compared with net income of $129 million, or $0.45 per common share, in Q2 2024. Primarily driven by decreased MTM loss, after-tax, and higher earnings at TEC, partially offset by the $107 million gain, after tax and transaction costs, on the sale of Emera’s equity interest in LIL in Q2 2024 and the $72 million in charges after-tax, primarily impairment, related to the pending sale of NMGC recognized in Q2 2025.

https://www.barchart.com/story/news/33993449/emera-reports-2025-second-quarter-financial-results