1. Canada Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
Emera Incorporated

Emera Incorporated

EMA.TO
Emera IncorporatedCA flagToronto Stock Exchange
74.35
CAD
-1.02
- -
22.74BMarket Cap
Emera Incorporated
EMA.TO
(Toronto Stock Exchange)

Recent

price

74.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.06
17.06
16.48
16.82
20.52
19.1
25.01
29.18
28
25.46
22.2
22.43
28.53
27.6
24.9
29.33
29.65
Revenue per Share
1.67
1.99
1.77
1.64
2.84
2.72
1.33
1.25
3.05
2.76
3.78
1.98
3.55
3.57
1.71
3.39
3.3
Basic EPS, GAAP
-1.06
-0.6
-0.29
1.86
2.18
1.29
-0.16
-1.57
-2.03
-4.04
-3.98
-4.57
-6.33
-2.54
-1.75
-5.78
-6.15
Free Cash Flow per Basic Share
1.25
1.36
1.44
1.55
1.65
1.32
1.46
1.48
1.64
1.76
1.83
1.92
2.01
2.02
2.11
2.18
2.21
Dividend per Share
5.72
17.53
19.47
19.01
21.15
22.77
34
30.42
29.58
30.79
33.06
33.42
35.14
37.46
36.35
36.77
38.63
Book Value per Share
9.8
11.39
12.64
15.52
18.44
23.02
-0.62
3.23
4.47
7.34
10.14
11.8
15.06
17.5
20.79
21.37
23.64
Tangible Book Value per Share
114
121
125
133
143
146
171
213
233
240
248
257
266
274
289
299
301
Basic Weighted Avg Shares
1,606
2,064
2,059
2,230
2,939
2,789
4,277
6,226
6,524
6,111
5,506
5,765
7,588
7,563
7,200
8,776
8,913
Sales/Revenue/Turnover
19.44
15.38
16.83
18.25
22.71
18.21
12.98
22.78
21.43
22.53
21.29
16.13
22.43
23.72
18.12
23.36
23.2
Operating Margin (%)
232
263
294
314
342
352
593
851
928
911
899
915
959
1,060
1,165
1,298
1,314
Depreciation Expense
194
248
232
237
433
427
255
294
746
708
983
560
1,008
1,044
567
1,089
1,070
Net Income, GAAP
- -
- -
- -
14.5
20.06
17.06
- -
63.49
8.46
7.91
25.74
- -
15.49
10.91
- -
6.92
7.83
Effective Tax Rate (%)
12.06
12
11.26
10.62
14.73
15.31
5.96
4.72
11.43
11.59
17.85
9.71
13.28
13.8
7.88
12.41
12
Profit Margin (%)
234
192
-12
-369
288
1,229
-1,213
-1,420
-1,721
-1,680
-2,697
-1,742
-2,391
-836
-1,427
-2,238
410
Working Capital
3,115
3,274
3,257
3,364
3,660
4,416
14,268
13,140
14,292
13,679
12,339
14,196
15,744
17,689
18,173
18,453
21,206
LT Debt
1,531
1,824
2,278
2,897
3,705
4,334
6,816
7,204
8,358
8,601
9,238
10,150
11,441
12,088
13,291
13,396
14,204
Total Equity
- -
- -
- -
5.33
7.2
5.02
- -
2.31
5.41
5.15
3.56
- -
5.04
5.12
- -
5.61
5.3
Return on Invested Capital (%)
- -
- -
- -
5.42
7.26
6.88
- -
2.43
5.95
5.69
6.1
- -
5.71
6.13
- -
6.2
5.82
Return on Capital (%)
30.61
17.38
9.7
8.78
14.66
12.5
4.97
4.32
10.61
9.29
12.03
6.08
10.54
9.97
4.76
9.43
8.79
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,835
3,008
2,751
LT Borrowings
17,809
18,453
21,206
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
1,422
1,422
1,422
Shares Outstanding
301
302
306
Market Capitalization
19,931
20,191
21,676

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4,026
4,389
6,586
Cash, Cash Equivalents & STI
212
349
2,457
Accounts Receivable, Net
963
1,265
1,110
Inventories
850
821
806
Total Current Liabilities
6,276
6,627
6,176
Payables & Accruals
1,813
2,333
1,674
ST Debt
2,835
3,008
2,751
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.83%
7.8%
0.79%
Free Cash Flow
139.67%
43.78%
242.57%
Net Income, GAAP
24.94%
17.38%
92.06%
Sales/Revenue/Turnover
14.06%
10.62%
21.89%
Total Cash Common Dividend
13.99%
7.11%
7.06%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,018
1,617
1,802
1,763
7,200
2025
2,676
1,988
2,106
2,006
8,776
2026
2,813
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.73
0.45
0.01
- -
1.71
2025
1.96
0.45
0.76
- -
3.39
2026
1.85
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.53
0.53
0.52
- -
2.11
2025
0.53
0.53
0.55
- -
2.18
2026
0.56
- -
- -
- -
- -
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Business
Emera Incorporated is a diversified energy and services enterprise, headquartered in Halifax, Canada, engaged in the generation, transmission, and distribution of electricity for a broad customer base. Established in 1998, the company operates across distinct segments including Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and other related activities. Emera's operations encompass a varied electricity generation portfolio, utilizing sources such as natural gas, coal, hydro, wind, solar, oil, and biomass. The company delivers essential energy to approximately 2.6 million utility customers throughout Canada, the United States, and the Caribbean. Its electric utilities serve around 840,000 customers in West Central Florida, 500,000 in Nova Scotia, and 227,000 customers across the Caribbean islands including Barbados, Grand Bahama, Dominica, and St. Lucia. The Gas Utilities and Infrastructure segment provides services to approximately 470,000 customers in Florida, with the New Mexico Gas Company, serving 540,000 customers, currently under an agreement for sale expected to finalize in 2025. Additionally, Emera is involved in the transportation of natural gas, notably through its Brunswick Pipeline, and offers energy marketing, trading, and asset management services. With a strategic focus on transitioning from high-carbon to low-carbon energy, Emera has set a vision for net-zero CO2 emissions by 2050, aiming for a 55% reduction by the end of 2025 and an 80% reduction by 2040, compared to 2005 levels. This commitment is supported by a substantial $20 billion five-year capital plan through 2029, primarily dedicated to investments in grid reliability, modernization, and growth, with a significant portion allocated to Florida operations. Recent initiatives include expanding solar capacity at Tampa Electric and developing battery storage projects at Nova Scotia Power.