September 20, 2017 12:18 AM ET

Electric Utilities

Company Overview of Emera Caribbean Limited

Company Overview

Emera Caribbean Limited engages in the generation, transmission, and distribution of electricity. The company is based in Barbados. Emera Caribbean Limited operates as a subsidiary of Emera Inc.

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Barbados

Key Executives for Emera Caribbean Limited

Compensation as of Fiscal Year 2017.

Emera Caribbean Limited Key Developments

Emera Caribbean Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Emera Caribbean announced earnings results for the second quarter and six months ended June 30, 2017. The company’s net income of CAD 11 million in second quarter 2017 compared with CAD 58 million in second quarter 2016. The company’s net income year-to-date was CAD 18 million compared to CAD 68 million for the same period last year, driven by the same factors as second quarter.

Emera Caribbean Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Emera Caribbean announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported operating revenues of USD 89 million compared with USD 94 million for the same period a year ago. Income from operations was USD 22 million compared with USD 17 million for the same period a year ago. Income before provision for income taxes was USD 24 million compared with USD 16 million for the same period a year ago. EBITDA was USD 36 million compared to USD 28 million a year ago. For the nine months, the company reported operating revenues of USD 238 million compared with USD 268 million for the same period a year ago. Income from operations was USD 49 million compared with USD 36 million for the same period a year ago. Income before provision for income taxes was USD 89 million compared with USD 32 million for the same period a year ago. EBITDA was USD 125 million compared to USD 66 million a year ago.

Emera Caribbean Limited Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Emera Caribbean Limited reported consolidated earnings results for the first quarter ended March 31, 2016. The company reported net income was CAD 44.3 million against CAD 160.1 million for the same period a year ago. Reported earnings per share were CAD 0.30 against CAD 1.10 for the same period a year ago. Adjusted net income was CAD 120.2 million against CAD 171.6 million for the same period a year ago. Adjusted earnings per share were CAD 0.81 against CAD 1.18 for the same period a year ago. Operating revenues decreased 1.3% to CAD 877.0 million compared to first quarter 2015. The decrease was primarily due to lower revenues at the New England Gas Generating Facilities and decreased electricity sales at NSPI due to the weather. The decrease was partially offset by mark-to-market changes, a stronger USD and higher marketing and trading margin. Cash flow from operations increased CAD 61.0 million to CAD 180.6 million for first quarter of 2016 compared to the same period last year. Adjusted EBITDA was CAD 319.4 million against CAD 384.2 million for the same period a year ago.

Similar Private Companies By Industry

Company Name Region
Emera (Caribbean) Incorporated Americas
Emera Caribbean Limited Americas
The Barbados Light & Power Company Limited Americas

Recent Private Companies Transactions

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