What factors drove the changes in Emera's revenue and profit?

What guidance did Emera's management provide for the next earnings period?

What is Emera's latest dividend and current dividend yield?

What does Emera do and what are its main business segments?

What is the revenue and EPS growth rate for Emera year over year?

What is the market's earnings forecast for Emera next quarter?

What is Emera's gross profit margin?

Did Emera beat or miss consensus estimates last quarter?

- **EPS Growth and Dividend Expansion**: 9% YoY increase in adjusted EPS to CAD 0.88, with 19th consecutive dividend increase.
- **Capital Plan Momentum**: $20 billion 2026-2030 capital plan, 80% focused on Florida, driving 7-8% rate-based growth.
- **Regulatory Clarity**: Nova Scotia rate case filed with customer representatives, supporting reliability investments.
- **Financial Strength**: Improved credit metrics (12-month cash flow-to-debt ratio of 11.9%), underpinned by Tampa Electric’s solar investments.
- **Leadership Transition**: Smooth handover with Greg Blunden retaining key roles, ensuring strategic continuity.

**【CEO Summary Section】**
- Reported third-quarter adjusted earnings per share (EPS) of CAD 0.88, a 9% increase year-over-year, driven by strong capital investments and regulatory progress.
- Announced a 19th consecutive annual dividend increase, reflecting confidence in long-term growth and customer affordability.
- Highlighted the $20 billion 2026-2030 capital plan, with 80% focused on Florida, emphasizing rate-based growth of 7-8% through 2030.
- Discussed regulatory clarity in Florida and Nova Scotia, including approved rate adjustments and securitization initiatives to mitigate customer cost impacts.
- Acknowledged Greg Blunden’s transition to Executive Vice President, US Utilities, and welcomed incoming CFO Jared Green.

**【CFO Financial Commentary】**
- Year-to-date adjusted EPS of CAD 2.94, a 40% increase year-over-year, supported by Tampa Electric’s rate base growth and solar investments.
- GAAP net income of CAD 263 million, with non-GAAP metrics showing improved credit metrics (12-month cash flow-to-debt ratio of 11.9%).
- Capital funding plan includes 45-50% from operating cash flow, with hybrid debt and equity markets supporting remaining needs.
- Discussed federal tax credit utilization to accelerate solar investments, reducing fuel costs for customers.

**【Q&A Key Highlights】**
- **Nova Scotia Rate Case**: Filed consensus general rate application, seeking new rates for 2026-2027 to support reliability investments, with regulatory hearing scheduled for January 2026.
- **Credit Metrics**: Maintained strong financial profile with 150+ basis point improvement in cash flow-to-debt metrics, supporting 70% rate-based growth target.
- **Leadership Transition**: Emphasized smooth transition with Greg Blunden retaining key finance roles, ensuring continuity and strategic execution.
- **Florida Growth**: Analysts noted potential upside from data center investments, aligning with customer affordability goals.


Emera Incorporated (EMA) Q3 2025 Earnings Call Transcript

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