Emera (TSE:EMA) Releases Quarterly Earnings Results

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

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 Trading Down 0.1%

Shares of Emera stock opened at C$70.13 on Tuesday. The stock has a market cap of C$21.16 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59. The firm has a fifty day moving average price of C$67.94 and a 200 day moving average price of C$67.02. Emera has a 1 year low of C$56.59 and a 1 year high of C$71.86. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Insider Buying and Selling at Emera

In other news, insider Daniel Muldoon sold 8,000 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 2,378 shares of the company’s stock, valued at C$159,326. The trade was a 77.09% decrease in their position. Also, Director Scott Carlyle Balfour sold 10,000 shares of the company’s stock in a transaction dated 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 C$523,910.75. The trade was a 56.39% decrease in their position. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. National Bank Financial upped their target price on Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Scotiabank raised their target price on Emera from C$72.00 to C$78.00 in a research note on Tuesday, December 16th. Canadian Imperial Bank of Commerce lifted their price target on Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada boosted their price target on Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$71.00.

About Emera

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.