Sector: Utilities | Industry: Electric Utilities |
Company Contact | |
Address: | 1223 LOWER WATER ST., B-6TH FLOOR, P.O. Box 910 HALIFAX NS B3J 3S8 |
Tel: | 1-604-6849648 |
Website: | https://www.emera.com |
IR: | See website |
Key People | ||
Scott C. Balfour President, Chief Executive Officer, Director | Gregory W. Blunden Chief Financial Officer | R. Michael Roberts Chief Human Resource Officer |
Michael R. Barrett Executive Vice President, General Counsel | Karen E. Hutt Executive Vice President - Business Development and Strategy | Daniel P. Muldoon Executive Vice President - Project Development and Operations Support |
Bruce A. Marchand Chief Risk and Sustainability Officer | Stephen D. Aftanas Corporate Secretary |
Business Overview |
Emera Incorporated is a Canada-based diverse energy and services company. The Company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. The Florida Electric Utility segment consists of Tampa Electric, a vertically integrated regulated electric utility in West Central Florida. The Canadian Electric Utilities segment includes Nova Scotia Power Inc., a vertically integrated regulated electric utility and the primary electricity supplier in Nova Scotia and Emera Newfoundland & Labrador Holdings Inc. consisting of two transmission investments related to an 824 megawatt (MW) hydroelectric generating facility. Its Gas Utilities and Infrastructure segment includes Peoples Gas System; New Mexico Gas Company, Inc.; Emera Brunswick Pipeline Company Limited; SeaCoast Gas Transmission, LLC, and 12.9 per cent interest Maritimes & Northeast Pipeline. |
Financial Overview |
For the fiscal year ended 31 December 2023, Emera Inc revenues decreased less than 1% to C$7.56B. Net income applicable to common stockholders increased 3% to C$978M. Revenues reflect Florida Electric Utility segment increase of 8% to C$3.56B, Other Electric Utilities segment increase of 2% to C$526M, Bahamas segment increase of 12% to C$137M, Barbado segment increase of 1% to C$389M. |
Employees: | 7,122 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $34,278M as of Dec 31, 2023 |
Annual revenue (TTM): | $7,563M as of Dec 31, 2023 |
EBITDA (TTM): | $2,854M as of Dec 31, 2023 |
Net annual income (TTM): | $978.00M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1,250M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $19,231M as of Dec 31, 2023 |
Shares outstanding: | 286,348,241 as of Apr 17, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |