Emera Incorporated (T:EMA*CA)

Business Focus: Electric Utilities (NEC)

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
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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: $33,905M 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

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