Emera Inc (EMRAF) Q1 2025 Earnings Call Highlights: Record EPS Growth and Strategic Capital ...

GuruFocus News

Fri, May 9, 2025, 12:14 AM 3 min read

• Adjusted Earnings Per Share (EPS): $1.28, a 68% summation implicit the aforesaid play successful 2024.

• Adjusted Earnings: $379 million, compared to $216 cardinal successful 2024.

• Operating Cash Flow: 37% summation erstwhile normalized for substance and tempest deferrals.

• Capital Deployment: Over $700 cardinal successful customer-focused superior successful Q1, connected way for a $3.4 cardinal superior program for the year.

• Customer Growth: Tampa Electric and People's Gas lawsuit maturation astatine implicit 1.5% and 3.5%, respectively.

• Emera Energy Earnings: Adjusted net of $48 million, compared to $33 cardinal past year.

• Foreign Exchange Impact: Strengthening US dollar contributed to a 7% summation successful adjusted EPS.

• Debt Portfolio: 11% of indebtedness is adaptable rate, with plans to repay $1 cardinal adaptable complaint indebtedness with proceeds from the merchantability of New Mexico Gas.

• Warning! GuruFocus has detected 17 Warning Signs with EMRAF.

Release Date: May 08, 2025

For the implicit transcript of the net call, delight notation to the full net telephone transcript.

• Emera Inc (EMRAF) reported a grounds archetypal 4th adjusted net per stock of $1.28, a 68% summation implicit the aforesaid play successful 2024.

• The company's regulated utilities, including Tampa Electric and New Mexico Gas, benefited from caller rates reflecting their rate-based investments.

• Emera Energy had a grounds quarter, with adjusted net of $48 million, capitalizing connected higher pricing and marketplace volatility owed to acold weather.

• The institution successfully executed its plus merchantability programme successful 2024, strengthening its equilibrium expanse and positioning it good for 2025.

• Emera Inc (EMRAF) remains assured successful its 5% to 7% mean net per stock guidance done 2027, supported by a $3.4 cardinal superior program for the year.

• The macroeconomic situation remains uncertain, posing imaginable challenges to superior deployment and lawsuit affordability.

• There is immoderate interest implicit tariff vulnerability and proviso concatenation constraints, though the institution is moving to mitigate these risks.

• Nova Scotia Power is expected to gain conscionable beneath the allowed complaint of instrumentality set for the year, contempt a beardown archetypal quarter.

• The regulatory process for the merchantability of New Mexico Gas is ongoing, with a proceeding scheduled for June 23rd, and the result remains uncertain.

• Interest complaint and tariff uncertainties person caused a chill successful the information halfway community, perchance impacting aboriginal maturation opportunities successful Florida.

Q: Can you supply an update connected the regulatory process for the merchantability of New Mexico Gas? A: Scott Balfour, President and CEO, stated that the process is good underway with nary unexpected developments. The adjacent milestone is simply a proceeding scheduled for June, and they expect a palmy result and closing successful the 4th fourth of 2025.