Emera (TSE:EMA – Get Free Report) announced its quarterly earnings data on Friday. The company reported C$0.85 earnings per share for the quarter, FiscalAI reports. Emera had a net margin of 12.85% and a return on equity of 7.51%. The business had revenue of C$1.98 billion for the quarter.
Here are the key takeaways from Emera’s conference call:
- Emera reported third-quarter adjusted EPS of CAD 0.85, down 3% year over year, while year-to-date adjusted EPS reached CAD 2.90. Management said it remains on track to exceed its 5%–7% adjusted EPS growth target in 2026 and maintain its longer-term outlook through 2030.
- The company introduced a CAD 21.5 billion five-year capital plan, about 5% above last year’s plan, and expects rate base growth of 7.5%–8.5% through 2031. Roughly three-quarters of planned investment is directed to reliability and resiliency, with about 82% allocated to Florida.
- Large-load opportunities are advancing in Florida: Tampa Electric expects to contract by year-end for an initial 350 MW at the Auburndale Technology Center, with delivery requiring only tens of millions of dollars in tie-in investment. The company says its proposed tariff is designed to make large customers cover their costs and protect existing customers; regulatory approval and final contracts remain pending.
- Emera said its proposed merger with Canadian Utilities could combine growth opportunities in Florida and Alberta and strengthen the company’s financial and operating capacity. Closing is expected in Q3 or Q4 2027, subject to regulatory and shareholder approvals.
- Nova Scotia Power is seeking approval to securitize about CAD 1 billion in costs, which Emera estimates could save customers approximately CAD 265 million over 30 years. The savings depend on approval by the Nova Scotia Energy Board.
Emera Trading Down 0.3%
Emera stock traded down C$0.24 during mid-day trading on Friday, hitting C$71.59. 2,644,507 shares of the company’s stock were exchanged, compared to its average volume of 1,348,245. The company’s 50 day simple moving average is C$68.25 and its 200-day simple moving average is C$71.11. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 153.87. The firm has a market capitalization of C$21.99 billion, a P/E ratio of 22.73, a PEG ratio of 6.20 and a beta of 0.39. Emera has a fifty-two week low of C$64.62 and a fifty-two week high of C$77.99.
Emera Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 13th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from Emera’s previous quarterly dividend of $0.7325. Emera’s dividend payout ratio (DPR) is 92.78%.
More Emera News
Here are the key news stories impacting Emera this week:
- Positive Sentiment: Emera said it expects 2026 adjusted EPS growth to exceed its target and announced a C$21.5 billion five-year capital plan, supporting its growth and utility-investment outlook. Emera Q3 Results and Capital Plan
- Neutral Sentiment: A Motley Fool article considers whether Emera remains a sensible retirement holding as interest rates rise, highlighting the tension between utility income and the potential pressure of higher rates on the investment case. Rates Are Rising Again: Is Emera Still a Sensible Retirement Stock?
- Neutral Sentiment: Another article suggests Emera’s shares may remain reasonably valued following merger backing, though the headline does not indicate a clear near-term earnings impact. Emera Stock May Stay Reasonable After Merger Backing
- Negative Sentiment: Third-quarter adjusted EPS was C$0.85, below FactSet’s C$0.88 estimate; reports also characterized results as down. The shortfall may pressure sentiment, despite quarterly revenue of C$1.98 billion. Emera Q3 Earnings Flash
- Negative Sentiment: Rising interest rates are a headwind for capital-intensive utilities like Emera: higher financing costs and more attractive bond yields can weigh on investor appetite and valuation. Rates Are Rising Again: Is Emera Still a Sensible Retirement Stock?
Wall Street Analyst Weigh In
EMA has been the subject of several recent research reports. Royal Bank Of Canada upped their target price on shares of Emera from C$76.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. raised their price target on Emera from C$73.00 to C$79.00 in a research report on Tuesday, July 21st. Barclays decreased their price objective on Emera from C$74.00 to C$71.00 in a research note on Monday, August 10th. National Bank Financial upped their price objective on Emera from C$73.00 to C$74.00 and gave the company a “sector perform” rating in a report on Thursday, October 8th. Finally, Desjardins set a C$74.00 price objective on Emera and gave the company a “hold” rating in a report on Tuesday, October 27th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$76.25.
Check Out Our Latest Report on EMA
Emera Company Profile
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.
Featured Stories
- Five stocks we like better than Emera
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
- Airbnb Defied a Brutal Tech Sell-Off, But Can Its Post-Earnings Rally Last?
Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.
