![]() ![]() Due to more shares outstanding, per-share earnings declined 11.1%, to $0.48 from $0.54. If you disregard gains on the sale and other one-time items, the company’s earnings fell 9.2%, to $118 million from $130 million. The sale is partly why the company’s overall revenue in the three months ended June 30, 2020, fell 15.2%, to $1.17 billion from $1.38 billion a year earlier. ![]() in debt, bringing the total value of the deal to roughly $1.8 billion U.S. That’s the utility company owned by the City of Calgary. In March 2020, the company sold power utilities in Maine (Emera Maine) to ENMAX Corp. Emera sold shares to pay for Teco, so earnings per share grew at a much slower rate of 14.7%, from $2.26 to $2.59, on more shares outstanding. Total earnings before unusual items jumped 88.2% from $330 million in 2015 to $621 million in 2019. However, revenue in 2019 fell 6.3% to $6.11 billion after the company sold its New England natural gas-fired power plants. Lucia.Īs a result of the Teco acquisition, Emera’s revenue jumped 133.9%, from $2.79 billion in 2015 to $6.52 billion in 2018. Its existing investments include power utilities in the Bahamas, Barbados, the Dominican Republic, and St. ![]() operations now supply 65% of its total earnings. Another of Teco’s businesses distributes gas to 510,000 customers in New Mexico. That firm supplies electricity and natural gas to 1.05 million customers in Tampa Bay, Florida. Its biggest move was the July 2016 acquisition of Teco Energy for $13.9 billion. ![]()
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