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Emera

Logo: http://www.snl.com/Cache/16203545.PDF?Y=&O=PDF&D=&FID=16203545&T=&OSID=9&IID=4072693, Non-free logo, via Wikipedia5

Canadian energy company

Emera Incorporated is a publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia. Created in 1998 during the privatization of Nova Scotia Power, a provincial Crown corporation, Emera now invests in regulated electricity generation as well as transmission and distribution across North America and the Caribbean.3 Its shares trade on NYSE under the symbol EMA.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

8.8BRevenue, fiscal 20256
1.1BNet income, fiscal 20256
1998Founded1

Compare with Hydro One, Fortis Inc. or TransAlta Corporation, or pick any stock.

  • TickerEMA on NYSE1
  • IndustryElectric Services1
  • HeadquartersHalifax1
  • Websitewww.emera.com/en/home/default.aspx
  • Legal formbusiness corporation1
  • Business address1223 Lower Water St., B-6Th Floor, P.O. Box 910, Halifax, A5 B3J 3S87
  • Filer categoryAccelerated filer7
  • LEINQZVQT2P5IUF2PGA1Q484
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address5151 TERMINAL ROAD, B3J 1A1 Halifax, Canada4
  • Registered withService Nova Scotia, 30212114

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Emera headquarters
Photo: Quintin Soloviev, CC BY 4.0, via Wikimedia Commons12

Emera Incorporated is a publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia. Created in 1998 during the privatization of Nova Scotia Power, a provincial Crown corporation, Emera now invests in regulated electricity generation as well as transmission and distribution across North America and the Caribbean.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2025

22.5%Operating margin6
12.4%Net margin6
21.9%Revenue growth, 20256
8.1%Return on equity6
1.38×Debt to equity6
-1.7B CADFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Florida Electric Utility brought in 49% of the revenue Emera broke down this way in fiscal 2025.

  1. Florida Electric Utility4.3B CAD649%up 26% from 2024
  2. Canadian Electric Utilities1.9B CAD622%up 5% from 2024
  3. Gas Utilities and Infrastructure1.8B CAD620%up 9% from 2024
  4. Other Electric Utilities577.0M CAD67%up 2% from 2024
  5. Corporate Segment and Other Operating206.0M CAD62%up 183% from 2024
Business segments by year
Business segments20242025
Florida Electric Utility3.5B CAD4.3B CAD
Canadian Electric Utilities1.9B CAD1.9B CAD
Gas Utilities and Infrastructure1.6B CAD1.8B CAD
Other Electric Utilities566.0M CAD577.0M CAD
Corporate Segment and Other Operating-248.0M CAD206.0M CAD

Regions

United States brought in 70% of the revenue Emera broke down this way in fiscal 2025.

  1. United States6.2B CAD670%up 31% from 2024
  2. Canada2.0B CAD623%up 5% from 2024
  3. BB415.0M CAD65%down 3% from 2024
  4. BS162.0M CAD62%up 17% from 2024
Regions by year
Regions20242025
United States4.7B CAD6.2B CAD
Canada1.9B CAD2.0B CAD
BB427.0M CAD415.0M CAD
BS139.0M CAD162.0M CAD

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs87¢7.6B CAD
  • Income tax1¢81.0M CAD
  • Profit12¢1.1B CAD

Out of 8.8B CAD in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending86¢3.5B CAD
  • Dividends paid14¢576.0M CAD

Out of 1.8B CAD of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue13141516171868.8B CAD in 2025+35% since 2018
02.5B CAD5.0B CAD7.5B CAD10.0B CAD2018: 6.5B CAD6.5B CAD20182019: 6.1B CAD6.1B CAD2019−6%2020: 5.5B CAD5.5B CAD2020−10%2021: 5.8B CAD5.8B CAD2021+5%2022: 7.6B CAD7.6B CAD2022+32%2023: 7.6B CAD7.6B CAD2023−0%2024: 7.2B CAD7.2B CAD2024−5%2025: 8.8B CAD8.8B CAD2025+22%
Operating income13141516171862.0B CAD in 2025+41% since 2018
0500.0M CAD1.0B CAD1.5B CAD2.0B CAD2018: 1.4B CAD1.4B CAD20182019: 1.3B CAD1.3B CAD2019−4%2020: 1.1B CAD1.1B CAD2020−15%2021: 930.0M CAD930.0M CAD2021−19%2022: 1.6B CAD1.6B CAD2022+75%2023: 1.8B CAD1.8B CAD2023+10%2024: 1.1B CAD1.1B CAD2024−40%2025: 2.0B CAD2.0B CAD2025+83%
Net income13141516171861.1B CAD in 2025+46% since 2018
0500.0M CAD1.0B CAD1.5B CAD2018: 747.0M CAD747.0M CAD20182019: 710.0M CAD710.0M CAD2019−5%2020: 984.0M CAD984.0M CAD2020+39%2021: 561.0M CAD561.0M CAD2021−43%2022: 1.0B CAD1.0B CAD2022+80%2023: 1.0B CAD1.0B CAD2023+4%2024: 568.0M CAD568.0M CAD2024−46%2025: 1.1B CAD1.1B CAD2025+92%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Total operating revenues (note 6)8.8B CAD7.2B CAD
"Operating, maintenance and general expenses (""OM&G"")"2.3B CAD1.9B CAD
Provincial, state, and municipal taxes486.0M CAD427.0M CAD
Depreciation and amortization1.3B CAD1.2B CAD
Impairment charges (note 4)75.0M CAD225.0M CAD
Total operating expenses6.8B CAD6.1B CAD
Income from operations2.0B CAD1.1B CAD
Income from equity investments (note 8)63.0M CAD99.0M CAD
Other income, net (note 9)165.0M CAD203.0M CAD
Interest expense, net (note 10)1.0B CAD973.0M CAD
Income before provision for income taxes1.2B CAD409.0M CAD
Income tax expense (recovery) (note 11)81.0M CAD-159.0M CAD
Net income1.1B CAD568.0M CAD
"Non-controlling interest in subsidiaries (""NCI"")"1.0M CAD1.0M CAD
Preferred stock dividends75.0M CAD73.0M CAD
Net income attributable to common shareholders1.0B CAD493.6M CAD
Basic299.2M shares289.1M shares
Diluted299.7M shares289.2M shares
Basic3.39 CAD1.71 CAD
Diluted3.38 CAD1.71 CAD
Dividends per common share declared2.91 CAD2.88 CAD

Compare Emera with another company

Corporate structure

Emera sits at the top of its group. 15 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Emera

  • BlackRock Filed SCHEDULE 13G/A on Emera, latest Apr 24, 2026 (4 filings since Feb 3, 2023)
  • Bank of Montreal Filed SCHEDULE 13G on Emera, latest Aug 6, 2025
  • FIL Ltd Filed SC 13G/A on Emera, latest Nov 12, 2024 (2 filings since Feb 9, 2024)
  • Emera Halifax, Nova Scotia, Canada
    • EMERA US HOLDINGS INC. 100% · Wilmington, Delaware, United States
      • TECO Energy Tampa, Florida, United States
        • TAMPA ELECTRIC CO Tampa, Florida, United States
        • NEW MEXICO GAS COMPANY, INC. Subsidiary · Albuquerque, New Mexico, United States
        • TECO ENERGYSOURCE, INC. Subsidiary · Tampa, Florida, United States
      • EMERA ENERGY SERVICES, INC. Subsidiary · Halifax, Nova Scotia, Canada
    • Nova Scotia Power Halifax, Nova Scotia, Canada
      • Trenton Generating Station Subsidiary · Nova Scotia, Canada
    • Bridgeport Energy LLC Subsidiary · Halifax, Nova Scotia, Canada
    • Emera Energy Incorporated Subsidiary · Halifax, Nova Scotia, Canada
      • EMERA ENERGY U.S. SUBSIDIARY NO. 1, INC. Subsidiary · Halifax, Nova Scotia, Canada
    • EMERA ENERGY LIMITED PARTNERSHIP Subsidiary · Halifax, Nova Scotia, Canada
    • Rumford Power Inc. Subsidiary · Halifax, Nova Scotia, Canada
    • Tiverton Power LLC Subsidiary · Halifax, Nova Scotia, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Emera reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation35.9B CAD6 Dec 31, 202533.7B CAD6 Dec 31, 2024+6.6%
Accumulated depreciation10.8B CAD6 Dec 31, 202510.4B CAD6 Dec 31, 2024+3.9%
Property and equipment, net27.4B CAD6 Dec 31, 202526.2B CAD6 Dec 31, 2024+4.7%
Finance-lease assets66.0M CAD6 Dec 31, 202521.0M CAD6 Dec 31, 2024+214.3%
Operating-lease assets (leased space)48.0M CAD6 Dec 31, 202552.0M CAD6 Dec 31, 2024−7.7%

Investments

ItemLatestA year beforeChange
Marketable securities, current5.0M CAD6 Dec 31, 20255.0M CAD6 Dec 31, 20240%
Stakes in other companies (equity method)634.0M CAD6 Dec 31, 2025654.0M CAD6 Dec 31, 2024−3.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill5.6B CAD6 Dec 31, 20255.9B CAD6 Dec 31, 2024−4.7%

Inventory

ItemLatestA year beforeChange
Inventory, total821.0M CAD6 Dec 31, 2025781.0M CAD6 Dec 31, 2024+5.1%
Raw materials484.0M CAD6 Dec 31, 2025453.0M CAD6 Dec 31, 2024+6.8%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Emera was created out of the privatization of the provincial Crown corporation Nova Scotia Power Incorporated (NSPI). On December 2, 1998, NSPI shareholders voted to restructure the company to create a holding company which would be shareholder-owned, with the regulated utility being a wholly owned subsidiary of the holding company. On December 9, 1998, NSPI received approval to establish NS Power Holdings Incorporated and NSPI shareholders exchanged their shares in NSPI for shares in NS Power Holdings Inc. on a one-to-one basis on January 1, 1999. Common shares in NS Power Holdings Inc. began trading on the Toronto Stock Exchange and Montreal Stock Exchange on January 6, 1999. The NS Power Holdings Inc. name was changed to Emera Incorporated on July 17, 2000.

In 2013, Emera acquired the Bridgeport Energy, Rumford Power, and Tiverton Power plants from Capital Power Corporation for $541 million.

On September 4, 2015, Emera announced the acquisition of TECO Energy, a utility company based in Tampa, Florida, whose holdings include Tampa Electric, Peoples Gas (no relation to the Chicago-based company of the same name), and New Mexico Gas. Emera paid $10.4 billion for TECO. The deal closed in July 2016.

On May 28, 2025, Emera Inc. became a dual-listed company (TSX and NYSE), trading on the New York Stock Exchange under the ticker symbol EMA.

On October 6, 2026, Emera announced its plans to acquire Canadian Utilities for $14.3 billion.

From Wikipedia’s article on Emera, shared under CC BY-SA 4.0.8

Products and brands

Source:

Electric Utilities

Nova Scotia Power is a vertically integrated utility in Nova Scotia, with 500,000 customers, and 2487 MW of generating capacity

Tampa Electric, a vertically integrated utility in the Tampa Bay area of Florida, with 840,000 customers and 6000 MW of generating capacity

Emera Caribbean is a utility that serves customers in the Caribbean. Its subsidiaries include:

Read the full text

A 19.5% equity stake in Light and Power Holdings - LUCELEC in St. Lucia

Barbados Light and Power Company in Barbados

Emera Newfoundland & Labrador

People's Gas

Emera New Brunswick

Former Subsidiaries

Emera Maine was a utility with 130,000 customers in Maine, created through the merger of Bangor Hydro (acquired in 2002) and Maine Public Service (acquired in 2010). In 2020, Emera Maine was sold to another Canadian utility, ENMAX of Calgary, Alberta. Under ENMAX, the former Emera Maine territory now trades as Versant Power.

Grand Bahama Power Company in The Bahamas

Natural Gas Utilities

Peoples Gas is a natural gas utility in Florida with 470,000 customers.

Former Subsidiaries

New Mexico Gas Company, the largest natural gas utility in New Mexico.

Other Subsidiaries

Emera Energy trades and markets natural gas and electricity. Power plants owned include:

Bear Swamp Hydroelectric Power Station, a 600 MW hydro-electric plant in northern Massachusetts, 50% owned by Emera

Emera New Brunswick runs the Brunswick Pipeline, a natural gas pipeline through New Brunswick, Canada

Emera Newfoundland & Labrador, which operates the Maritime Link, an integrated set of transmission assets that deliver renewable electricity from Muskrat Falls in Labrador through Newfoundland to Nova Scotia.

Emera has a 12.5% ownership stake in the Maritimes and Northeast Pipeline

From Wikipedia’s article on Emera, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

Subsidiaries (GLEIF)

Also consolidated

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. 1998Founded Founded1

Calendar

Coming up

  1. Nov 6, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.64 a share, on Nov 7, 2025.19

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

112 filings to the SEC since October 2021: 5 annual reports, 7 large holders, 100 other. The latest 20:

  1. Oct 6, 20266-K EDGAR
  2. Aug 10, 20266-K EDGAR
  3. Jul 16, 20266-K EDGAR
  4. May 22, 20266-K EDGAR
  5. May 8, 20266-K EDGAR
  6. Apr 30, 20266-K EDGAR
  7. Apr 24, 2026SCHEDULE 13G/A EDGAR
  8. Apr 10, 20266-K EDGAR
  9. Mar 27, 20266-K EDGAR
  10. Mar 25, 2026SUPPL EDGAR
  11. Mar 23, 2026FWP EDGAR
  12. Mar 23, 20266-K EDGAR
  13. Mar 23, 2026SUPPL EDGAR
  14. Mar 18, 2026SUPPL EDGAR
  15. Mar 17, 2026FWP EDGAR
  16. Mar 17, 2026SUPPL EDGAR
  17. Mar 13, 2026EFFECT EDGAR
  18. Mar 11, 2026CORRESP EDGAR
  19. Mar 4, 2026F-X EDGAR
  20. Mar 4, 2026F-10 EDGAR

The 112 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Bank Of Montreal /can/18,233,933$966.2M0.4%+379,129
Royal Bank Of Canada18,043,306$956.7M0.2%+444,420
Cibc World Market Inc.12,825,938$679.7M1.1%+448,337
FIL Ltd12,029,504$638.1M0.5%−782,440
Vanguard Capital Management LLC8,743,912$463.8M0.0%+203,081
ATLAS Infrastructure Partners (UK) Ltd.7,069,271$374.8M11.4%−1,898,159
Mackenzie Financial Corp3,894,059$293.0M0.3%−190,465
TD Asset Management Inc5,087,963$269.8M0.2%−2,533,503
Geode Capital Management, LLC4,687,423$269.1M0.0%+337,997
Scotia Capital Inc.4,599,834$243.5M0.9%−70,244
TD Waterhouse Canada Inc.4,633,493$242.6M0.6%+57,528
Goldman Sachs Group Inc4,417,803$234.2M0.0%+1,118,557
Morgan Stanley4,138,546$219.4M0.0%+2,721,119
Canada Pension Plan Investment Board3,937,892$208.7M0.1%+1,454,872
National Bank Of Canada /fi/3,812,208$201.8M0.2%+161,326
Legal & General Group Plc3,652,929$193.7M0.0%−65,626
Bank Of Nova Scotia3,317,241$175.9M0.3%−32,399
Vanguard Fiduciary Trust Co2,701,295$143.3M0.0%+50,342
Vanguard Global Advisers, LLC2,339,355$124.1M0.1%+216,971
Intact Investment Management Inc.1,968,235$104.4M3.0%+173,710
Toronto Dominion Bank1,932,111$102.4M0.2%−769,404
Duff & Phelps Investment Management Co1,161,790$87.4M0.8%−187,660
Connor, Clark & Lunn Investment Management Ltd.1,437,360$76.2M0.1%−6,625
Jpmorgan Chase & Co1,381,341$73.6M0.0%+71,586
Manufacturers Life Insurance Company, The1,232,687$65.3M0.1%+71,020

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Emera is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREMERA INC2
  • CIK0001127248
  • Employer ID (EIN)86-81431322
  • Filer statusAccelerated filer not an emerging growth company2
  • Incorporated inNova Scotia, Canada23
  • Fiscal year endsDecember 312
  • Industry code (SIC)4911 Electric Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address1223 Lower Water St., B-6Th Floor, P.O. Box 910, Halifax, A5 B3J 3S82
  • Phone902-428-64942
  • Shares outstanding301,754,258 Common Stock shares; 6,000,000 Series A Preferred Stock shares; 10,000,000 Series C Preferred Stock shares; 5,000,000 Series E Preferred Stock shares; 8,000,000 Series F Preferred Stock shares; 12,000,000 Series H Preferred Stock shares; 8,000,000 Series J Preferred Stock shares; 9,000,000 Series L Preferred Stock shares as of Dec 31, 202523
  • On EDGAR sinceNov 6, 20002
  • Filings265 in all: 6-K (140), F-X (12), 40-F (11), 35-CERT (10), EFFECT (7), F-10 (7), SUPPL (7), POS AMC (6)2
    All 42 form types

    U-1/A (6), FWP (4), SC 13G (4), SC 13G/A (4), 6-K/A (3), CORRESP (3), F-10/A (3), SC 13D/A (3), SE (3), U-1 (3), U5S (3), 424B1 (2), 424B2 (2), U5S/A (2), 15-15D (1), 15F-12G (1), 40-F/A (1), 40FR12B (1), 8-A12G (1), CERT (1), DRS (1), F-10EF (1), F-9 (1), F-9 POS (1), POS AM (1), RW (1), S-8 (1), SC 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1), U-57 (1), U5A (1), U5B (1)

  • Latest filingsAnnual report (40-F) Feb 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueEMANew York Stock Exchange

From the cover page of the 40-F filed Feb 23, 2026 (Section 12(b) of the Exchange Act).23

Sources

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