Investor Outlook: Emera earnings hit record as Florida growth leads
BNN Bloomberg
Emera reports lower Q4 earnings but posts record 2025 profit, extends EPS growth target to 2030 and highlights Florida expansion.
BNN Bloomberg spoke with Scott Balfour, president and CEO at Emera, who said Florida now represents roughly 72 per cent of earnings and remains central to the company’s $20-billion capital plan, including potential data centre-related demand growth.
Read the full transcript below:
ANDREW: Canadian electricity generator Emera did see a slip in fourth-quarter profit, but year over year, profit jumped 19 per cent and adjusted earnings topped $1 billion for the first time. We are now joined by the president and CEO, Scott Balfour. Thanks very much indeed for coming on the show, Scott.
SCOTT: Happy to be here. Thanks, Andrew.
ANDREW: Just looking at your income statement here, Florida really is the big source of your profits this year, isn’t it? You’re north of $840 million in adjusted profit from there, whereas your Canadian utilities were less than $200 million.
The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war.
The Trump administration this week stepped up its ambitious effort to replace about US$1.6 trillion in lost tariff revenue that was eliminated by the U.S. Supreme Court’s decision to strike down a range of the president’s import taxes.
The Bank of Canada will be balancing a last-minute flood of economic data with uncertainty around trade and war in the Middle East as it prepares to make its second interest rate decision of 2026 this week.
The Trump administration has expanded its trade investigations to 60 countries, including Canada, in an effort to shore up the president’s tariff policies.
Canada has committed to supplying 23.6 million barrels of oil as part of a larger International Energy Agency plan to help stabilize energy markets as the war in the Middle East continues.
Canada’s energy-heavy index may cushion stocks from oil shocks, but rising crude prices could boost inflation and pressure consumers.
Venture Global will proceed with phase 2 of its CP2 liquefied natural gas project in Louisiana, the company said on Friday.
The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war.
Telus Corp.’s global IT and customer services arm says it’s investigating a breach of its systems.
When Jensen Huang strides onto the stage of a packed hockey arena to kick off Nvidia’s annual developer conference on Monday, he is likely to reveal products and partnerships geared toward keeping the AI chipmaker atop a growing array of competitors.
The current Canada Revenue Agency (CRA) crackdown on Canada’s growing army of gig workers has gone beyond Uber drivers, contractors, consultants, handy-people and freelancers.
The U.S. Trade Representative’s office said late on Thursday it had begun Section 301 unfair trade practices probes of 60 economies in relation to what it called failures to take action on forced labor.
Global equity funds recorded the largest weekly outflows since mid-December in the seven days to March 11 as disruptions to oil supplies stemming from the ongoing U.S.-Israel conflict with Iran stoked concerns about inflation and global economic growth.