Emera Incorporated (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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,229	7,200	7,563	7,588	5,765	5,506
Revenue Growth (YoY)	12.01%	-4.80%	-0.33%	31.62%	4.70%	-9.90%
Fuel & Purchased Power	2,095	1,992	1,881	2,171	1,763	1,424
Operations & Maintenance	2,013	1,901	1,866	1,584	1,355	1,405
Selling, General & Admin	11	11	8	7	8	11
Depreciation & Amortization	1,224	1,162	1,049	952	902	881
Other Operating Expenses	880	794	930	1,148	799	604
Total Operating Expenses	6,223	5,860	5,734	5,862	4,827	4,325
Operating Income	2,006	1,340	1,829	1,726	938	1,181
Interest Expense	-1,024	-1,004	-954	-730	-611	-679
Interest Income	42	31	56	25	-	-
Net Interest Expense	-982	-973	-898	-705	-611	-679
Income (Loss) on Equity Investments	70	99	146	129	143	149
Currency Exchange Gain (Loss)	4	-58	20	-26	3	13
Allowance for Equity Funds for Construction	69	53	38	52	61	45
Allowance for Borrowed Funds for Construction	23	23	16	21	-	-
Other Non-Operating Income (Expenses)	19	22	22	7	21	7
EBT Excluding Unusual Items	1,209	506	1,173	1,204	555	716
Impairment of Goodwill	-214	-214	-	-73	-	-
Gain (Loss) on Sale of Investments	-	182	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	585
Asset Writedown	-86	-11	-	-	-	-25
Legal Settlements	-	-	-	-	-	49
Other Unusual Items	-56	-54	-	63	-	-
Pretax Income	853	409	1,173	1,194	555	1,325
Income Tax Expense	-98	-159	128	185	-6	341
Earnings From Continuing Ops.	951	568	1,045	1,009	561	984
Minority Interest in Earnings	-1	-1	-1	-1	-1	-1
Net Income	950	567	1,044	1,008	560	983
Preferred Dividends & Other Adjustments	74.4	73.4	66.3	62.9	49.5	45.4
Net Income to Common	875.6	493.6	977.7	945.1	510.5	937.6
Net Income Growth	19.35%	-45.69%	3.57%	80.00%	-43.03%	38.84%
Shares Outstanding (Basic)	295	289	274	266	257	248
Shares Outstanding (Diluted)	295	289	274	266	258	248
Shares Change (YoY)	5.02%	5.63%	2.97%	3.22%	3.79%	3.20%
EPS (Basic)	2.97	1.71	3.57	3.56	1.98	3.78
EPS (Diluted)	2.97	1.71	3.57	3.55	1.98	3.78
EPS Growth	15.04%	-52.18%	0.56%	79.29%	-47.62%	36.96%
Free Cash Flow	-1,272	-505	-696	-1,683	-1,174	-986
Free Cash Flow Per Share	-4.31	-1.75	-2.54	-6.33	-4.56	-3.97
Dividend Per Share	2.893	2.877	2.788	2.678	2.575	2.475
Dividend Growth	1.76%	3.23%	4.11%	3.98%	4.04%	4.21%
Profit Margin	10.64%	6.86%	12.93%	12.46%	8.86%	17.03%
Free Cash Flow Margin	-15.46%	-7.01%	-9.20%	-22.18%	-20.36%	-17.91%
EBITDA	3,231	2,505	2,889	2,685	1,853	2,080
EBITDA Margin	39.26%	34.79%	38.20%	35.38%	32.14%	37.78%
D&A For EBITDA	1,225	1,165	1,060	959	915	899
EBIT	2,006	1,340	1,829	1,726	938	1,181
EBIT Margin	24.38%	18.61%	24.18%	22.75%	16.27%	21.45%
Effective Tax Rate	-	-	10.91%	15.49%	-	25.74%
Revenue as Reported	8,229	7,200	7,563	7,588	5,765	5,506

Source: S&P Global Market Intelligence. Utility template. Financial Sources.