EMERA (EMA) Company Report

Emera reported strong financial performance for Q3 2025, with adjusted earnings per share of $0.88, a nearly 9% increase over Q3 2024, and year-to-date adjusted EPS of $2.94, a 40% increase over the same period in 2024.
The company is executing a record $3.6 billion capital investment in 2025 and has a $20 billion capital plan through 2030, which supports a 7%-8% rate-based growth profile and maintains 5%-7% adjusted earnings per share growth guidance through 2027.
Emera announced a 1% dividend increase, marking its nineteenth consecutive year of increases, and reported an over 150 basis point improvement in key credit metrics, reaching 11.9% on a trailing 12-month basis for the Moody's metric.
Jared Green will join as the new CFO on December 1st, 2025, as Greg Blunden transitions to Executive Vice President Finance for U.S. utilities.
Key regulatory approvals include the Florida Public Service Commission's approval of the Peoples Gas settlement, increasing its return on equity to 10.3%, and formalizing Tampa Electric's $88 million 2026 base rate increase. The sale of New Mexico Gas is expected to close in early 2026, contributing $700 million to the capital plan.

Nov 7, 2025, 1:30 PM

Emera Reports Strong Q3 2025 Adjusted Earnings, Outlines CAD 20 Billion Capital Plan, and Announces CFO Transition

EMA

Earnings

New Projects/Investments

CFO Change

Emera reported Q3 2025 adjusted earnings per share of $0.88, a nearly 9% increase over Q3 2024, and year-to-date adjusted EPS of $2.94, a 40% increase over the same period in 2024.
The company announced a CAD 20 billion capital plan through 2030, maintaining a 7-8% rate-based growth profile, and is on track to deliver its largest annual capital spend of $3.6 billion in 2025.
Emera reiterated its 5-7% adjusted earnings per share growth guidance through 2027 and approved a 1% dividend increase, marking its nineteenth consecutive year of annual increases.
Significant regulatory progress was made, including the Florida Public Service Commission's approval of the People's Gas settlement and Tampa Electric's 2026 base rate increase of $88 million.
Greg Blunden will transition from CFO to Executive Vice President Finance for US utilities, with Jared Green appointed as the new CFO effective December 1, 2025.

Nov 7, 2025, 1:30 PM

Emera Reports Strong Q3 2025 Adjusted EPS, Updates Capital Plan, and Announces CFO Transition

EMA

Earnings

Guidance Update

CFO Change

Emera reported Q3 2025 adjusted earnings per share of $0.88, a 9% increase over Q3 2024, and year-to-date adjusted EPS of $2.94, representing a 40% increase over the same period in 2024.
The company is on track to deliver a record CAD 3.6 billion in capital investment in 2025 and extended its CAD 20 billion capital plan through 2030, maintaining a 7-8% rate-based growth profile.
Emera maintained its 5%-7% adjusted earnings per share growth guidance through 2027 and approved a 1% dividend increase, marking its nineteenth consecutive year of annual increases.
Significant regulatory progress includes the Florida Public Service Commission's approval of the People's Gas settlement with $67 million of new rates in 2026 and formalization of Tampa Electric's $88 million 2026 base rate increase.
Greg will transition from CFO to Executive Vice President Finance for US utilities, with Jared Green appointed as the new CFO effective December 1.

Nov 7, 2025, 1:30 PM

Emera Announces Closing of US$750 Million Notes Offering

EMA

Debt Issuance

Emera Incorporated (EMA) announced the closing of an offering of US$750 million aggregate principal amount of fixed-to-fixed reset rate junior subordinated notes due 2056 on October 3, 2025.
The notes, issued by EUSHI Finance, Inc. and guaranteed by Emera and Emera US Holdings Inc., bear an initial interest rate of 6.250% per annum until April 1, 2031, after which the rate will reset based on the Five-year U.S. Treasury Rate plus a spread, with a floor of 6.250%.
Emera intends to use the net proceeds from the offering for general corporate purposes, including the repayment of existing indebtedness.