Emera (TSE:EMA) Posts Quarterly Earnings Results

Emera (TSE:EMA) announced its earnings results on Friday. The company reported C$1.37 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$2.81 billion during the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%.

Here are the key takeaways from Emera’s conference call:

• Record Q1 adjusted EPS of CAD 1.37, up 7% year-over-year, and management says this performance positions Emera to deliver above its 5%–7% adjusted EPS growth target in 2026 and maintain confidence through 2030.
• Emera Energy had a standout quarter and management raised 2026 earnings expectations to US$60M–$80M, well above its historical range, materially boosting near-term earnings outlook.
• The Nova Scotia Utility and Review Board approved new rates effective May 1 and a securitization deferral mechanism for about CAD 700 million of retiring thermal assets, and with multi-year frameworks at Tampa Electric and Peoples Gas, management says it has rate clarity through 2027 to support capital investment.
• Tampa Electric is seeing significant data center interest with roughly 1,300MW of developer interest and the utility able to serve about 300–500MW in the short term, with developer-funded studies and some construction already underway.
• The planned sale of New Mexico Gas remains subject to the hearing examiner’s recommendation and is expected to close in mid-2026; timing uncertainty could affect expected financing and credit metric benefits if delayed.

Emera Trading Up 1.0%

TSE EMA opened at C$71.96 on Friday. Emera has a 12 month low of C$59.02 and a 12 month high of C$74.80. The company has a debt-to-equity ratio of 19.39, a current ratio of 1.07 and a quick ratio of 0.23. The company has a market capitalization of C$22.00 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 6.20 and a beta of 0.58. The company’s fifty day moving average price is C$71.77 and its two-hundred day moving average price is C$69.13.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, May 1st. Emera’s dividend payout ratio is 86.02%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EMA. Bank of America upped their target price on shares of Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th. BMO Capital Markets increased their price objective on shares of Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. TD Securities increased their price objective on shares of Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Desjardins increased their price objective on shares of Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Finally, Raymond James Financial increased their price objective on shares of Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$73.43.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.