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Emera Incorporated (EMRAF)
:EMRAF
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.66Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
Emera reported a strong quarter and year, with significant capital investments, favorable rate case outcomes, and improved credit metrics. Despite challenges such as pending asset sales and impacts from hurricanes, the overall performance was robust.Company Guidance
During Emera Inc.'s fourth quarter 2024 earnings call, the company reported an annual adjusted earnings per share (EPS) of $2.94, aligning closely with the $2.96 EPS from 2023 and meeting their growth guidance. The fourth quarter saw a 33% rise in quarterly adjusted EPS, driven by higher contributions from regulated utilities and lower corporate costs. Earnings from regulated utilities increased by over 24% quarter-over-quarter and 6% year-over-year. Emera executed strategic asset sales, including its equity interest in the Labrador Island Link and New Mexico Gas, which are expected to close later in the year. The company achieved a significant $3.2 billion in annual capital investment, marking its largest ever, which contributed to a 7% rate-based growth. Tampa Electric and Peoples Gas also announced plans for future rate adjustments to support infrastructure investments. Looking ahead, Emera expects its 2025 adjusted EPS growth to exceed the 5% to 7% range due to favorable conditions like the strengthening U.S. dollar. The call also highlighted the company's continued focus on reliability, affordability, and compliance with decarbonization targets, supported by robust investments in infrastructure and solar energy expansion.Strong Fourth Quarter Performance
Higher contributions from regulated utilities and lower corporate costs drove a 33% increase in quarterly adjusted earnings per share.
Record Capital Investment
Emera deployed more than $3.2 billion in capital investment in 2024, the largest annual capital investment ever, resulting in roughly 7% rate-based growth year-over-year.
Favorable Rate Case Outcomes
Tampa Electric received approval for $185 million of new base rates for 2025, based on a 10.5% allowed ROE, with subsequent year rate adjustments approved.
Continued Growth in Florida
Florida's GDP grew to $1.7 trillion, a 4% increase over 2023, and Peoples Gas expects to invest nearly $800 million in capital over the next two years due to strong demand.
Improved Credit Metrics
Emera's credit metrics improved by more than 100 basis points, with S&P returning the outlook to stable, reflecting confidence in cash flow growth for 2025.
Successful Asset Sales
Emera more than doubled the expected proceeds from its asset sale program, including the sale of the equity interest in Labrador Island Link and New Mexico Gas.
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EMRAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EMRAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 21, 2025 | $39.78 | $40.18 | +1.01% |
| Nov 08, 2024 | $35.69 | $35.98 | +0.81% |
| Aug 09, 2024 | $35.28 | $34.65 | -1.79% |
| May 13, 2024 | $34.14 | $33.62 | -1.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Emera Incorporated (EMRAF) report earnings?
Emera Incorporated (EMRAF) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Emera Incorporated (EMRAF) earnings time?
Emera Incorporated (EMRAF) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EMRAF EPS forecast?
EMRAF EPS forecast for the fiscal quarter 2025 (Q1) is 0.66.
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