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MARKETS / NYSE / EMA
NYSE · ELECTRIC SERVICES · MID CAP

Emera Inc. EMA

13 fiscal years on record · CAD · FY2025 reported · SEC filings only
9 YEARS OF DIVIDEND GROWTH
CAD 8.8B
▲ 21.9% YoY
CAD 1.1B
▲ 91.9% YoY
CAD -1.7B
In brief

What this company does

Emera is a North American provider of energy services that owns and operates a portfolio of cost-of-service, rate-regulated electric and gas utilities. It delivers energy to its 2.7 million customers. Emera's reportable segments are Florida Electric Utility, which consists of TEC; Canadian Electric Utilities, which includes NSPI and equity interests in NSPML and Wasoqonatl Transmission Incorporated; Gas Utilities and Infrastructure, which includes PGS, NMGC, Emera Brunswick Pipeline Company, SeaCoast and an equity interest in M&NP; Other Electric Utilities, which includes ECI; and Other, which includes Emera Energy and corporate holding and financing companies. Emera and its subsidiaries had 7,812 employees as at December 31, 2025, approximately 30 per cent of whom are unionized. TEC is a vertically integrated regulated electric utility engaged in the generation, transmission and distribution of electricity, serving customers in West Central Florida. NSPI is the primary electricity supplier in Nova Scotia, providing electricity generation, transmission and distribution services to approximately 565,000 customers with $8.1 billion in assets and 2,486 employees, as at December 31, 2025. PGS is a regulated gas distribution utility engaged in the purchase, distribution and sale of natural gas serving customers in Florida.

Written from the business description in EMERA INC's annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth
CAD 8.8B
Revenue, FY2025 · full 13-year series below
Revenue CAD B Net income CAD B
FY2025 · Revenue 8.8 · Net income 1.1
4B8B2010201520172019202120232025
Compound annual growth
+5.0%
+9.8%
+12.1%
+12.0%
+2.6%
+2.1%
−1.6%
−2.2%
+2.8%
+3.3%
+6.9%
+7.1%
+13.5%
+10.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.8% a year over five years — but profit grew slower: net income at +2.1%, earnings per share at −2.2%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 22.5% · Net 12.4%
10%20%2010201520172019202120232025
ROE
FY2017 · ROE 3.9%
5%10%15%2010201520172019202120232025

Cash & shareholders
CAD 576.0M
returned in FY2025 · dividends + net buybacks
Free cash flow CAD B
FY2025 · FCF -1.7
0.1B0.2B-0.8B-1.6B2010201520172019202120232025
Net buybacks CAD M Dividends CAD M
FY2025 · Dividends 576.0 · Net buybacks —
200M400M2010201520172019202120232025
Dividends paidCAD 576.0M
Net buybacks
Share of profit
Consecutive raises9 years (since the 2016 share-count change)

CAD 576.0M in dividends went back to shareholders.

Total assetsCAD 44.8B
EquityCAD 13.4B
Gross debtCAD 19.7B
Current ratio0.66×

Equity funds 30% of total assets.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · CAD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520112010
Revenue CAD B8.87.27.67.65.85.56.16.56.24.32.82.11.6
Operating income CAD B2.01.11.81.60.91.11.31.41.40.60.50.30.3
EBITDA CAD B3.32.22.92.61.82.02.32.32.31.10.8··
Income tax CAD B0.1−0.20.10.2−0.00.30.10.10.5−0.00.1−0.0−0.0
Net income CAD B1.10.61.01.00.61.00.70.70.30.20.40.20.2
Free cash flow CAD B−1.7−0.5−0.7−1.7−1.2−1.0−1.0−0.5−0.3−0.00.2−0.1−0.1
EPS, diluted CAD 3.381.713.573.551.983.782.763.041.241.322.711.971.65
Dividend / sh CAD 2.912.882.792.682.582.482.382.282.132.001.661.311.16
Payout %········10897386468
ROE %········3.94.210.216.614.1
Shares out B··0.280.270.260.250.240.230.230.210.150.120.11

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 52 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 24 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric Services
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2010

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