Emera (TSE:EMA) Issues Quarterly Earnings Results

Emera (TSE:EMA) released its earnings results on Monday. The company reported C$1.48 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$2.01 billion during the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%.

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

• Emera delivered a record 2025 with adjusted EPS of $3.49 (+19%), adjusted net income above $1 billion, and operating cash flow up 19%, driven by strong execution across the portfolio.
• The company deployed a record CAD 3.6 billion of capital in 2025 and plans CAD 4 billion in 2026 as part of a CAD 20 billion, 5‑year capital program, targeting 7%–8% rate‑base growth and extending its 5%–7% adjusted EPS growth target through 2030.
• Earnings are increasingly concentrated in Tampa Electric (now ~59% of operating company earnings), so timing of Tampa rate cases and utility‑specific costs can produce significant year‑to‑year volatility in consolidated results.
• Key regulatory outcomes remain pending — Nova Scotia Power’s GRA and a proposed CAD 700 million securitization (decision expected in the coming months) and the New Mexico Gas sale (awaiting hearing examiner recommendation) — outcomes will materially affect near‑term earnings and cash flows.
• Credit profile and shareholder return trajectory strengthened in 2025 — a 130 bp improvement in Moody’s CFO pre‑WC/debt metric, pro forma New Mexico sale would exceed Moody’s threshold, payout ratio improved to 83% with a target ~80% by 2027, and management plans to access debt/equity markets to refinance upcoming maturities.

Emera Price Performance

EMA stock opened at C$69.85 on Wednesday. The stock has a market capitalization of C$21.08 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 6.20 and a beta of 0.59. The firm’s 50-day moving average price is C$68.00 and its two-hundred day moving average price is C$67.04. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera has a 12-month low of C$56.59 and a 12-month high of C$71.86.

Insider Transactions at Emera

In other Emera news, Director Scott Carlyle Balfour sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total value of C$677,500.00. Following the completion of the sale, the director owned 7,733 shares in the company, valued at approximately C$523,910.75. This trade represents a 56.39% decrease in their position. Also, insider Daniel Muldoon sold 8,000 shares of Emera stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total value of C$536,000.00. Following the completion of the sale, the insider owned 2,378 shares in the company, valued at approximately C$159,326. This represents a 77.09% decrease in their ownership of the stock. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. TD Securities boosted their price target on shares of Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday. National Bank Financial raised their price objective on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Tuesday. Desjardins lifted their price objective on Emera from C$68.00 to C$69.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets increased their target price on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Emera has an average rating of “Moderate Buy” and a consensus price target of C$71.72.

Trending Headlines about Emera

Here are the key news stories impacting Emera this week:

• Positive Sentiment: Earnings beat and upbeat quarterly results — Emera reported C$1.48 EPS on C$2.01B revenue, noted record net income and flagged strategic investments; the print topped forecasts and management commentary supports near-term momentum. Earnings Call Highlights Earnings Coverage
• Positive Sentiment: Raymond James raised its target to C$74.50 and kept an “outperform” rating (≈+6.7% upside vs C$69.85) — a supportive institutional view that likely lifts investor sentiment. Analyst Note (BayStreet) TickerReport
• Positive Sentiment: BMO Capital Markets boosted its target to C$74 and kept an “outperform” rating (≈+5.9% upside). Analyst Note (BayStreet)
• Positive Sentiment: TD Securities increased its target to C$75 and maintained a “buy” rating (≈+7.4% upside), adding to the bullish broker support. Analyst Note (BayStreet)
• Neutral Sentiment: Watch financial/valuation context — Emera’s 12‑month range, PE (~19.1) and elevated debt‑to‑equity are background considerations for investors weighing the upgrades; these factors moderate upside. MarketBeat Profile
• Negative Sentiment: Two firms remain cautious despite raises: National Bank Financial (target C$68, “sector perform”, ≈-2.6% vs current) and Desjardins (target C$69, “hold”, ≈-1.2% vs current) — signals that some analysts still see limited near‑term upside. Analyst Notes (BayStreet)

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.