Florida Electric Utility was Emera’s largest segment in fiscal 2025, bringing in $4.34B of $8.78B (49%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Florida Electric Utility | $3.28B | $3.56B | $3.45B | $4.34B | |||||||
| Emera Florida & New Mexico | — | — | — | — | |||||||
| Canadian Electric Utilities | $1.68B | $1.67B | $1.86B | $1.94B | |||||||
| Gas Utilities & Infrastructure | $1.70B | $1.52B | $1.60B | $1.74B | |||||||
| Nova Scotia Power Inc | — | — | — | — | |||||||
| Other Electric Utilities | $518.00M | $526.00M | $566.00M | $577.00M | |||||||
| Emera Energy Services | — | — | — | — | |||||||
| Emera Energy | — | — | — | — | |||||||
| Emera Caribbean | — | — | — | — | |||||||
| Emera Maine | — | — | — | — | |||||||
| Corporate & Other | $418.00M | $339.00M | -$267.00M | $182.00M | |||||||
| Consolidation Eliminations | — | -$53.00M | — | — | |||||||
| Total | $7.59B | $7.56B | $7.20B | $8.78B |
Emera brought in $8.78B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 21.9% from $7.20B in fiscal 2024. Florida Electric Utility was the largest at $4.34B (49.4%), ahead of Canadian Electric Utilities at $1.94B (22.2%) and Gas Utilities & Infrastructure at $1.74B (19.8%). The other two segments brought in $759.00M combined.
Compared with fiscal 2024, Florida Electric Utility grew fastest, up 25.6% to $4.34B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $7.59B to $8.78B, a compound annual growth rate of 5.0%. Florida Electric Utility's share of the total rose from 43.2% to 49.4%.
Electricity was Emera’s largest product and service line in fiscal 2025, bringing in $6.86B of $8.76B (78%).
| Product and Service | FY 2019 | FY 2020 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Electricity | — | $6.86B | ||
| Revenue From Contract With Customer, Excluding Assessed Tax | $7.09B | — | ||
| Oil & Gas | — | $1.71B | ||
| Energy Commodities & Service | — | $158.00M | ||
| Other Project & Services | — | $30.00M | ||
| Energy Service | — | — | ||
| Total | $7.09B | $8.76B |
Emera brought in $8.76B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. Emera regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $7.09B. Electricity was the largest at $6.86B (78.3%), ahead of Oil & Gas at $1.71B (19.6%) and Energy Commodities & Service at $158.00M (1.8%). The remaining line, Other Project & Services, brought in $30.00M.
Emera stopped reporting Revenue From Contract With Customer, Excluding Assessed Tax as a separate line after fiscal 2024, when it brought in $7.09B.
Us was Emera’s largest region in fiscal 2025, bringing in $6.19B of $8.78B (70%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Us | $5.35B | $5.31B | $4.71B | $6.19B | |||||||
| Ca | $1.73B | $1.73B | $1.92B | $2.01B | |||||||
| Bb | $384.00M | $389.00M | $427.00M | $415.00M | |||||||
| Bs | $122.00M | $137.00M | $139.00M | $162.00M | |||||||
| Dm | $11.00M | — | — | — | |||||||
| Total | $7.59B | $7.56B | $7.20B | $8.78B |
Emera brought in $8.78B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 21.9% from $7.20B in fiscal 2024. Us was the largest at $6.19B (70.5%), ahead of Ca at $2.01B (22.9%) and Bb at $415.00M (4.7%). The remaining region, Bs, brought in $162.00M.
Compared with fiscal 2024, Us grew fastest, up 31.3% to $6.19B, while Bb fell the most, down 2.8% to $415.00M.
Emera stopped reporting Dm as a separate region after fiscal 2022, when it brought in $11.00M.
Emera (EMA) reports its revenue by segment, by product and service and by geography. In fiscal 2025, Florida Electric Utility was its largest segment, bringing in $4.34B (49.4% of the total), followed by Canadian Electric Utilities at $1.94B (22.2%).
Florida Electric Utility was Emera's largest segment in fiscal 2025, bringing in $4.34B, or 49.4% of the $8.78B total across its five segments.
Electricity was Emera's largest product and service line in fiscal 2025, bringing in $6.86B, or 78.3% of the $8.76B total across its four product and service lines.
Us was Emera's largest region in fiscal 2025, bringing in $6.19B, or 70.5% of the $8.78B total across its four regions.
Among Emera's segments that make up at least 2% of revenue, Florida Electric Utility grew fastest in fiscal 2025, up 25.6% from $3.45B to $4.34B.
Every figure comes from Emera's annual financial filings, as reported. Each line keeps the name Emera gives it, and years follow its fiscal calendar.
Emera's revenue by segment goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.