Emera Incorporated (TSX:EMA)

Emera Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,533	7,200	7,563	7,588	5,765	5,506
Revenue Growth (YoY)	15.17%	-4.80%	-0.33%	31.62%	4.70%	-9.90%
Fuel & Purchased Power	2,158	1,992	1,881	2,171	1,763	1,424
Operations & Maintenance	2,159	1,901	1,866	1,584	1,355	1,405
Selling, General & Admin	11	11	8	7	8	11
Depreciation & Amortization	1,255	1,162	1,049	952	902	881
Other Operating Expenses	902	794	930	1,148	799	604
Total Operating Expenses	6,485	5,860	5,734	5,862	4,827	4,325
Operating Income	2,048	1,340	1,829	1,726	938	1,181
Interest Expense	-1,043	-1,004	-954	-730	-611	-679
Interest Income	46	31	56	25	-	-
Net Interest Expense	-997	-973	-898	-705	-611	-679
Income (Loss) on Equity Investments	60	99	146	129	143	149
Currency Exchange Gain (Loss)	-19	-58	20	-26	3	13
Allowance for Equity Funds for Construction	66	53	38	52	61	45
Allowance for Borrowed Funds for Construction	23	23	16	21	-	-
Other Non-Operating Income (Expenses)	23	22	22	7	21	7
EBT Excluding Unusual Items	1,204	506	1,173	1,204	555	716
Impairment of Goodwill	-4	-214	-	-73	-	-
Gain (Loss) on Sale of Investments	-	182	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	585
Asset Writedown	-75	-11	-	-	-	-25
Legal Settlements	-	-	-	-	-	49
Other Unusual Items	-32	-54	-	63	-	-
Pretax Income	1,093	409	1,173	1,194	555	1,325
Income Tax Expense	-83	-159	128	185	-6	341
Earnings From Continuing Ops.	1,176	568	1,045	1,009	561	984
Minority Interest in Earnings	-1	-1	-1	-1	-1	-1
Net Income	1,175	567	1,044	1,008	560	983
Preferred Dividends & Other Adjustments	75.4	73.4	66.3	62.9	49.5	45.4
Net Income to Common	1,100	493.6	977.7	945.1	510.5	937.6
Net Income Growth	67.62%	-45.69%	3.57%	80.00%	-43.03%	38.84%
Shares Outstanding (Basic)	297	289	274	266	257	248
Shares Outstanding (Diluted)	298	289	274	266	258	248
Shares Change (YoY)	4.43%	5.63%	2.97%	3.22%	3.79%	3.20%
EPS (Basic)	3.70	1.71	3.57	3.56	1.98	3.78
EPS (Diluted)	3.69	1.71	3.57	3.55	1.98	3.78
EPS Growth	67.89%	-52.18%	0.56%	79.29%	-47.62%	36.96%
Free Cash Flow	-1,210	-505	-696	-1,683	-1,174	-986
Free Cash Flow Per Share	-4.06	-1.75	-2.54	-6.33	-4.56	-3.97
Dividend Per Share	2.900	2.877	2.788	2.678	2.575	2.475
Dividend Growth	1.04%	3.23%	4.11%	3.98%	4.04%	4.21%
Profit Margin	12.89%	6.86%	12.93%	12.46%	8.86%	17.03%
Free Cash Flow Margin	-14.18%	-7.01%	-9.20%	-22.18%	-20.36%	-17.91%
EBITDA	3,298	2,505	2,889	2,685	1,853	2,080
EBITDA Margin	38.65%	34.79%	38.20%	35.38%	32.14%	37.78%
D&A For EBITDA	1,250	1,165	1,060	959	915	899
EBIT	2,048	1,340	1,829	1,726	938	1,181
EBIT Margin	24.00%	18.61%	24.18%	22.75%	16.27%	21.45%
Effective Tax Rate	-	-	10.91%	15.49%	-	25.74%
Revenue as Reported	8,533	7,200	7,563	7,588	5,765	5,506

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.