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.
Emera IncorporatedAdjusted Q2 earnings beat and asset sales to reduce debt strengthen balance sheet.
