Emera's Q4 2024 Results: What to Expect from the February 21 Teleconference

As Emera (TSX: EMA) approaches its Q4 2024 earnings release and teleconference on February 21, investors are eager to understand the company's performance and outlook. Here's what you need to know about Emera's recent financial performance and what to expect from the upcoming teleconference.



Emera reported its 2023 fourth quarter and annual financial results on January 21, 2025. The company's adjusted EPS for Q4 2023 was $0.63, down $0.30 from Q4 2022, primarily due to the recognition of a litigation award in the previous year. For the full year, adjusted EPS was $2.96, down $0.24 from 2022. Operating cash flow before changes in working capital increased by 104% to $2.3 billion compared to $1.1 billion in 2022.

Emera's regulated utilities segment contributed 54% of the adjusted net income in Q4 2023, highlighting the importance of this segment to the company's overall performance. The company's Florida utilities, in particular, have been driving growth, with Hillsborough County, where Tampa Electric operates, experiencing a 26% population growth from 2010 to 2024.

Looking ahead to the Q4 2024 results, investors can expect Emera to provide updates on its 5-year capital plan focused on rate base growth in Florida, targeting an average annual growth rate of 7-8% through 2029. The company is also expected to discuss its constructive regulatory environments and strategic initiatives to drive organic growth and enhance shareholder value.

In conclusion, Emera's Q4 2024 results will provide valuable insights into the company's performance and outlook. Investors should pay close attention to the company's adjusted EPS, revenue growth, operating cash flow, rate base growth, and dividend payout. By focusing on these key financial metrics, investors can make informed decisions about their investments in Emera.