07:28 AM EDT, 05/08/2025 (MT Newswires) -- Emera ( EMRAF ) reported Thursday an increase in adjusted earnings in the first quarter that beat analysts' expectations.

The company booked adjusted net income of $379 million, or $1.28 per share, rising from $216 million, or $0.76 per share, and beating the analyst consensus non-GAAP earnings estimate of $1.02 per share compiled by FactSet.

Emera ( EMRAF ) attributed the increase to higher earnings from Tampa Electric, Nova Scotia Power, Emera Energy Services and New Mexico Gas, as well as the impact of a weaker Canadian dollar and lower corporate operating, maintenance and general expenses.

Net income rose to $583 million, or $1.96 per share, from $207 million, or $0.73 per share. The result exceeded the analyst consensus GAAP earnings estimate of $0.97 per share compiled by FactSet.

"Emera's ( EMRAF ) strong start to 2025 provides further evidence of the high quality of our portfolio, providing further support and meaningful early progress towards delivering upon our average adjusted EPS growth guidance of 5-7% through 2027," said Scott Balfour, president and CEO of Emera ( EMRAF ).