Emera (TSE:EMA – Get Free Report) announced its quarterly earnings data on Friday. The company reported C$0.69 earnings per share (EPS) for the quarter, FiscalAI reports. Emera had a return on equity of 7.90% and a net margin of 13.20%.The firm had revenue of C$2.01 billion during the quarter.
Here are the key takeaways from Emera’s conference call:
- New Mexico Gas sale approved: Emera expects the transaction to close later in August and generate approximately CAD 650–700 million in after-tax proceeds, which will be used to reduce holding-company debt and improve financial flexibility.
- Emera reported year-to-date adjusted EPS of CAD 2.06 and remains on track to deliver adjusted EPS growth above its 5%–7% target through 2026, with growth expected to remain within that range through 2030.
- Rate-base investment remains strong: The company deployed more than CAD 1.7 billion of capital in the first half and is proceeding with an approximately CAD 4 billion 2026 capital plan, aligned with targeted annual rate-base growth of 7%–8% through 2030.
- Growth opportunities are advancing in Florida and Atlantic Canada, including data-center-related development at Tampa Electric, the Nova Scotia–New Brunswick transmission intertie, and potential future transmission projects.
- Second-quarter adjusted EPS fell to CAD 0.69 from CAD 0.79 year over year, pressured by higher depreciation, operating and maintenance costs, interest expense, regulatory lag, and a stronger Canadian dollar earlier in the year.
Emera Price Performance
Shares of TSE:EMA opened at C$70.88 on Friday. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 168.83. The firm has a market capitalization of C$21.77 billion, a PE ratio of 21.68, a P/E/G ratio of 6.20 and a beta of 0.57. Emera has a twelve month low of C$63.17 and a twelve month high of C$77.99. The company has a 50-day moving average price of C$74.49 and a two-hundred day moving average price of C$72.19.
Emera Announces Dividend
Insider Activity
In other news, insider Richard Janega sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the sale, the insider owned 19,642 shares of the company’s stock, valued at C$1,458,418.50. The trade was a 45.65% decrease in their ownership of the stock. 0.09% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Raymond James Financial boosted their price target on shares of Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price objective on shares of Emera from C$73.00 to C$79.00 in a research report on Tuesday, July 21st. Desjardins boosted their target price on shares of Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research note on Monday, July 20th. TD increased their target price on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, National Bank Financial lifted their price target on shares of Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Emera currently has an average rating of “Moderate Buy” and an average price target of C$75.77.
View Our Latest Research Report on Emera
About Emera
Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.
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