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Emera Reports 2025 Third Quarter Financial Results and Unveils $20 Billion Five-Year Capital Plan

EMATSX:EMATSX:EMA.PR.ATSX:EMA.PR.BTSX:EMA.PR.CTSX:EMA.PR.ETSX:EMA.PR.FTSX:EMA.PR.HTSX:EMA.PR.JTSX:EMA.PR.L
  • Emera Inc. reported Q3 2025 adjusted EPS of $0.88, representing a 9% improvement year-over-year, while reported EPS was $0.76.
  • The company introduced a five-year $20 billion capital plan extending 7-8% rate base growth guidance through 2030, with approximately 80% allocated to Florida.
  • More than 90% of the capital plan targets reliability, grid modernization, renewable asset integration, and technological innovation, including 55% for strengthening transmission, distribution, and gas infrastructure.
  • Regulatory progress includes the completion of the Peoples Gas rate case through 2028 and a consensus rate case filing for Nova Scotia Power in mid-September.
  • Year-to-date adjusted net income reached $878 million ($2.94 per share), driven by increased earnings at Tampa Electric, Emera Energy Services, Nova Scotia Power, and New Mexico Gas Company.
  • Year-to-date reported net income was $946 million ($3.17 per share), benefiting from a $140 million after-tax MTM gain, offset by $72 million in charges related to the pending sale of New Mexico Gas Company.
  • Q3 2025 capital deployment exceeded $2.6 billion, keeping the company on track to fully execute its 2025 capital plan.
  • Tampa Electric performance was the primary driver of Q3 earnings growth, partially offset by lower earnings at Nova Scotia Power and New Mexico Gas Company alongside higher corporate costs.
  • A weaker Canadian dollar increased adjusted net income by $16 million year-to-date, though FX hedge impacts reduced net income attributable to common shareholders by $10 million in Q3 2025.
  • A teleconference to discuss these results is scheduled for November 7, 2025, at 9:30 a.m. Atlantic time, with a live webcast available on Emera's website.