Emera Incorporated (TSE:EMA) has released an update.
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Emera Incorporated experienced a decline in its first-quarter adjusted earnings in 2024, with EPS dropping to $0.76, a 23% decrease from the previous year, primarily due to milder weather affecting Tampa Electric, lower contributions from asset management at NMGC and marketing at EES, and increased costs at NSPI. The company’s reported net income also fell to $207 million, down from $560 million in Q1 2023. Despite these results, the CEO expressed confidence in the continued growth of their Florida operations, with Peoples Gas expected to become a major earnings contributor.
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