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Emera Incorporated

Emera Incorporated is an energy and services company that invests in electricity generation, transmission, and distribution in the United States, Canada, Barbados, and the Bahamas. It operates through segments including Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. The company is also involved in the purchase, transmission, distribution, and sale of natural gas, as well as physical energy marketing, trading, and other energy asset management activities. Incorporated in 1998, it is headquartered in Halifax, Canada.

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Emera Q2 Adjusted EPS Falls to $0.69 but Reaffirms 5% to 7% Growth Through 2030

Emera reported second-quarter adjusted earnings per share of $0.69, down from $0.79 a year earlier, while reaffirming its long-term growth plan. The company said it remains positioned to grow adjusted earnings per share above its 5% to 7% annual target range in 2026 and reiterated that same 5% to 7% commitment through 2030. Adjusted net income fell to $212 million from $236 million, and reported net income dropped to $105 million from $135 million, weighed down by a $59 million after-tax increase in mark-to-market losses and a $19 million after-tax loss on the Grand Bahama sale. Year-to-date operating cash flow before working capital changes climbed 8% versus the first half of 2025, and Emera invested more than $1.7 billion in infrastructure in the first six months while staying on pace for a full $4 billion capital plan in 2026. Regulatory approval came through for the New Mexico Gas Company transaction and the sale of Grand Bahama Power Company closed in May, while Gas Utilities and Infrastructure adjusted net income rose to $55 million in the quarter from $48 million and to $191 million year to date from $168 million.
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Emera Completes Sale of New Mexico Gas Company

Emera Inc. has completed the sale of New Mexico Gas Company, a regulated natural gas utility headquartered in Albuquerque, New Mexico, to Bernhard Capital Partners. The transaction was originally announced on August 5, 2024, and closed on August 12, 2026. Emera is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, serving approximately 2.1 million customers in the United States, Canada and the Caribbean.
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Emera posts C$212 million adjusted Q2 earnings, advances asset sales

Emera reported second-quarter adjusted earnings of C$212 million, or C$0.69 per share, as it advances asset sales to strengthen its balance sheet. The company expects the sale of New Mexico Gas to Bernhard Capital Partners to close later in August, generating after-tax proceeds of approximately C$650 million to C$700 million, which will be used to reduce holding-company debt. Emera also completed the sale of Grand Bahama Power Company on May 12, and year-to-date adjusted earnings totaled C$627 million, up C$12 million from the prior-year period. The company remains on track to deliver compound annual adjusted EPS growth above its 5% to 7% target range through 2026 and expects growth within that range through 2030. Emera deployed more than C$1.7 billion of capital during the first half of 2026 and is targeting annual rate-base growth of 7% to 8% through 2030.
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Emera Inc. Profit Drops in Q2

Emera Inc. reported a drop in second-quarter profit. Net income fell to C$105 million, or C$0.34 per share, from C$135 million, or C$0.45 per share, a year earlier. Adjusted earnings, which exclude certain items, came in at C$212 million, or C$0.69 per share. Revenue rose 1.2% to C$2.011 billion from C$1.988 billion.
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Emera Inc Declares $0.52 Quarterly Dividend With Ex-Date July 31

Emera Inc announced a quarterly cash dividend of $0.52 per share, payable on August 17, 2026 to shareholders of record as of the July 31, 2026 ex-dividend date. The company has maintained a consistent dividend payment record since 2009, with a 12-month trailing yield of 3.95% and a forward yield of 3.84%. Over the past decade, annual dividends per share have grown at a 5.10% rate, though the payout ratio stands at 0.89 as of March 31, 2026, raising sustainability concerns. Emera's profitability rank is 7 out of 10, supported by positive net income each year over the past ten years, but recent three-year earnings per share growth has declined by approximately 1.60% per year on average.
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