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Emera Posts Higher Q1 Electricity, Gas Production, Sales

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-- Canadian energy and services company Emera Friday reported a year-over-year rise in production and sales of electricity and gas, helping boost Q1 revenue.

For the quarter ended March 31, its Florida Electric Utility segment produced 4.755 terawatt-hours of electricity, higher than the 4.636 TWh generated a year earlier. Corresponding sales volume grew to 4.711 TWh from 4.636 TWh.

The segment's total operating revenue rose year over year to CA$1.10 billion ($805.69 million) from CA$932 million.

Canadian Electric Utilities also recorded higher production volumes of 3.718 TWh, compared with year-ago levels of 3.589 TWh. It sold 3.427 TWh of electricity during the period, up from 3.333 TWh a year ago.

The segment generated CA$612 million in revenue in Q1, versus CA$599 million in the same quarter of 2025.

The company's Gas Utilities and Infrastructure business also performed better in terms of sales volume, with 859 million therms sold in Q1, relative to the prior year's 857 million therms. Segment revenue, however, declined to CA$578 million from CA$615 million.

Emera's other electric utilities generated 326 gigawatt-hours of power and sold 306 GWh during the period. This compares with the previous year's 322 GWh of production and 303 GWh of sales. Corresponding revenue, on the other hand, decreased to CA$127 million from CA$131 million.

Revenue from the company's marketing, trading, and other businesses also declined year over year to CA$408 million from CA$417 million.

Despite weaker revenues from some business units, higher contributions from Florida Electric and Canadian Electric lifted overall company revenue for the period.

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