Emera Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Emera Inc reported revenue of $8.8B (+21.9% year on year) and net income of $1.1B (+91.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total operating revenues (note 6) | $8.8B | $7.2B | $7.6B | $7.6B |
| Operating, maintenance and general expenses ("OM&G") | $2.3B | $1.9B | $1.9B | $1.6B |
| Provincial, state, and municipal taxes | $486.0M | $427.0M | $433.0M | $367.0M |
| Depreciation and amortization | $1.3B | $1.2B | $1.0B | $952.0M |
| Impairment charges (note 4) | $75.0M | $225.0M | $0 | $73.0M |
| Total operating expenses | $6.8B | $6.1B | $5.8B | $6.0B |
| Income from operations | $2.0B | $1.1B | $1.8B | $1.6B |
| Income from equity investments (note 8) | $63.0M | $99.0M | $146.0M | $129.0M |
| Other income, net (note 9) | $165.0M | $203.0M | $158.0M | $145.0M |
| Interest expense, net (note 10) | $1.0B | ($973.0M) | ($925.0M) | $709.0M |
| Income before provision for income taxes | $1.2B | $409.0M | $1.2B | $1.2B |
| Income tax expense (recovery) (note 11) | $81.0M | ($159.0M) | $128.0M | $185.0M |
| Net income | $1.1B | $568.0M | $1.0B | $1.0B |
| Non-controlling interest in subsidiaries ("NCI") | $1.0M | $1.0M | $1.0M | $1.0M |
| Preferred stock dividends | $75.0M | $73.0M | $66.0M | $63.0M |
| Net income attributable to common shareholders | $1.0B | $493.6M | $977.7M | $945.1M |
| Basic | 299.2M | 289.1M | 273.6M | 265.5M |
| Diluted | 299.7M | 289.2M | 273.8M | 265.9M |
| Basic | $3.39 | $1.71 | $3.57 | $3.56 |
| Diluted | $3.38 | $1.71 | $3.57 | $3.55 |
| Dividends per common share declared | $2.91 | $2.88 | $2.79 | $2.68 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $349.0M | $196.0M | $567.0M | $310.0M |
| Restricted cash | $16.0M | $17.0M | $21.0M | $22.0M |
| Inventory (note 15) | $821.0M | $781.0M | $790.0M | $769.0M |
| Derivative instruments (notes 16 and 17) | $156.0M | $115.0M | $174.0M | $296.0M |
| Regulatory assets (note 7) | $409.0M | $595.0M | $339.0M | $602.0M |
| Receivables and other current assets (note 19) | $2.4B | $1.8B | $1.8B | $2.9B |
| Assets held for sale (note 4) | $199.0M | $173.0M | — | — |
| Total current assets | $4.4B | $3.7B | $3.7B | $4.9B |
| Property, plant and equipment ("PP&E"), net of accumulated depreciation and amortization of $10,845 and $10,442, respectively (note 21) | $27.4B | $26.2B | $24.4B | $23.0B |
| Deferred income taxes (note 11) | $421.0M | $392.0M | $208.0M | $237.0M |
| Derivative instruments (notes 16 and 17) | $42.0M | $51.0M | $66.0M | $100.0M |
| Regulatory assets (note 7) | $2.8B | $2.8B | $2.8B | $3.0B |
| Net investment in direct finance and sales type leases (note 20) | $572.0M | $610.0M | $621.0M | $604.0M |
| Investments subject to significant influence (note 8) | $634.0M | $654.0M | $1.4B | $1.4B |
| Goodwill (note 23) | $5.6B | $5.9B | $5.9B | $6.0B |
| Other long-term assets (note 33) | $894.0M | $538.0M | $462.0M | $461.0M |
| Assets held for sale (note 4) | $2.1B | $2.2B | — | — |
| Total other assets | $13.0B | $13.1B | $11.4B | $11.8B |
| Total assets | $44.8B | $43.0B | $39.5B | $39.7B |
| Short-term debt (note 24) | $1.8B | $1.4B | $1.4B | $2.7B |
| Current portion of long-term debt (note 26) | $1.2B | $234.0M | $676.0M | $574.0M |
| Accounts payable | $1.9B | $2.0B | $1.5B | $2.0B |
| Derivative instruments (notes 16 and 17) | $534.0M | $526.0M | $386.0M | $888.0M |
| Regulatory liabilities (note 7) | $211.0M | $262.0M | $168.0M | $495.0M |
| Other current liabilities (note 25) | $535.0M | $489.0M | $427.0M | $579.0M |
| Liabilities associated with assets held for sale (note 4) | $391.0M | $212.0M | — | — |
| Total current liabilities | $6.6B | $5.1B | $4.5B | $7.3B |
| Long-term debt (note 26) | $18.5B | $18.2B | $17.7B | $15.7B |
| Deferred income taxes (note 11) | $2.5B | $2.3B | $2.4B | $2.2B |
| Derivative instruments (notes 16 and 17) | $115.0M | $91.0M | $118.0M | $190.0M |
| Regulatory liabilities (note 7) | $1.5B | $1.6B | $1.6B | $1.8B |
| Pension and post-retirement liabilities (note 22) | $268.0M | $274.0M | $265.0M | $281.0M |
| Other long-term liabilities (notes 8 and 27) | $960.0M | $910.0M | $820.0M | $825.0M |
| Liabilities associated with assets held for sale (note 4) | $1.0B | $1.1B | — | — |
| Total long-term liabilities | $24.8B | $24.5B | $22.8B | $21.0B |
| Common stock (note 12) | $9.4B | $9.0B | $8.5B | $7.8B |
| Cumulative preferred stock (note 29) | $1.4B | $1.4B | $1.4B | $1.4B |
| Contributed surplus | $86.0M | $84.0M | $82.0M | $81.0M |
| Accumulated other comprehensive income ("AOCI") (note 14) | $873.0M | $1.3B | $305.0M | $578.0M |
| Retained earnings | $1.6B | $1.5B | $1.8B | $1.6B |
| Total Emera Incorporated equity | $13.4B | $13.3B | $12.1B | $11.4B |
| NCI (note 30) | $14.0M | $14.0M | $14.0M | $14.0M |
| Total equity | $13.4B | $13.3B | $12.1B | $11.4B |
| Total liabilities and equity | $44.8B | $43.0B | $39.5B | $39.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $1.1B | $568.0M | $1.0B | $1.0B |
| Depreciation and amortization | $1.3B | $1.2B | $1.1B | $959.0M |
| Income from equity investments, net of dividends | $5.0M | ($8.0M) | ($22.0M) | ($61.0M) |
| Allowance for funds used during construction ("AFUDC") - equity | ($62.0M) | ($53.0M) | ($38.0M) | ($52.0M) |
| Deferred income taxes, net | $71.0M | ($191.0M) | $97.0M | $152.0M |
| Net change in pension and post-retirement liabilities | ($40.0M) | ($46.0M) | ($68.0M) | ($48.0M) |
| Nova Scotia Power ("NSPI") fuel adjustment mechanism ("FAM") | ($158.0M) | $451.0M | ($88.0M) | ($162.0M) |
| Net change in fair value ("FV") of derivative instruments | $13.0M | $228.0M | ($666.0M) | $206.0M |
| Net change in regulatory assets and liabilities | $296.0M | ($226.0M) | $554.0M | ($471.0M) |
| Net change in capitalized transportation capacity | ($65.0M) | $175.0M | $434.0M | ($445.0M) |
| Impaiment charges | $75.0M | — | — | — |
| Gain on sale of the Labrador Island Link Partnership (LIL), excluding transaction costs | ($4.0M) | ($191.0M) | — | — |
| Net Cash from Operating Activities | $40.0M | $108.0M | $28.0M | ($13.0M) |
| Changes in non-cash working capital (note 31) | ($757.0M) | $452.0M | ($95.0M) | ($234.0M) |
| Net cash provided by operating activities | $1.8B | $2.6B | $2.2B | $913.0M |
| Additions to PP&E | ($3.5B) | ($3.2B) | ($2.9B) | ($2.6B) |
| Proceeds on disposal of assets | $48.0M | — | — | — |
| Proceeds from disposal of investment subject to significant influence | $0 | $927.0M | — | — |
| Other investing activities | $2.0M | $6.0M | $20.0M | $27.0M |
| Net cash used in investing activities | ($3.5B) | ($2.2B) | ($2.9B) | ($2.6B) |
| Change in short-term debt, net | ($78.0M) | $56.0M | ($66.0M) | $1.0B |
| Proceeds from short-term debt with maturities greater than 90 days | $598.0M | $0 | $548.0M | $544.0M |
| Proceeds from long-term debt, net of issuance costs | $2.0B | $1.4B | $1.9B | $784.0M |
| Retirement of long-term debt | ($201.0M) | ($1.1B) | ($151.0M) | ($367.0M) |
| Net proceeds (repayments) under committed credit facilities | $119.0M | ($825.0M) | ($96.0M) | $511.0M |
| Issuance of common stock, net of issuance costs | $47.0M | $284.0M | $424.0M | $277.0M |
| Dividends on common stock | ($576.0M) | ($538.0M) | ($488.0M) | ($472.0M) |
| Dividends on preferred stock | ($75.0M) | ($73.0M) | ($66.0M) | ($63.0M) |
| Other financing activities | ($9.0M) | $3.0M | ($12.0M) | ($7.0M) |
| Net cash provided (used in) by financing activities | $1.8B | ($818.0M) | $939.0M | $1.6B |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash associated with assets held for sale | ($11.0M) | $23.0M | ($7.0M) | $16.0M |
| Net increase (decrease) in cash, cash equivalents, restricted cash and cash associated with assets held for sale | $150.0M | ($367.0M) | $256.0M | ($85.0M) |
| Cash, cash equivalents, restricted cash, and cash associated with assets held for sale, beginning of year | $221.0M | $588.0M | $332.0M | $417.0M |
| Cash, cash equivalents, restricted cash, and cash associated with assets held for sale, end of year | $371.0M | $221.0M | — | — |
Emera Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.