Emera Q3 2023 Earnings Report

Emera EPS Results

• Actual EPS: C$0.75
• Consensus EPS: C$0.72
• Beat/Miss: Beat by +C$0.03
• One Year Ago EPS: N/A

Emera Revenue Results

• Actual Revenue: $1.74 billion
• Expected Revenue: $1.97 billion
• Beat/Miss: Missed by -$230.40 million
• YoY Revenue Growth: N/A

Emera Announcement Details

• Quarter: Q3 2023
• Date: 11/10/2023
• Time: N/A

Emera (TSE:EMA), through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments. It generates electricity through natural gas, solar, hydroelectricity, coal, and biomass power plants. The company is also involved in the purchase, transmission, distribution, and sale of natural gas; and the provision of energy marketing, trading, and other energy asset management services. In addition, it transports re-gasified liquefied natural gas from Saint John, New Brunswick to consumers in the northeastern United States through its 145-kilometer pipeline. As of December 31, 2023, the company's electric utilities served approximately 840,000 customers in West Central Florida; 549,000 customers in Nova Scotia; 134,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and gas utilities and infrastructure served approximately 490,000 customers across Florida and 540,000 customers in New Mexico. The company was incorporated in 1998 and is headquartered in Halifax, Canada.