Emera Q2 Earnings Call Highlights

2 weeks ago 27

MarketBeat

Sun, August 9, 2026 astatine 6:03 PM CDT 7 min read

Key Points

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Emera reported Q2 adjusted net of C$212 million, oregon C$0.69 per share, with year-to-date net up modestly to C$627 million. Management remains connected way for much than 5%–7% compound adjusted EPS maturation done 2026 and maturation wrong that scope done 2030.
The merchantability of New Mexico Gas received regulatory support and is expected to adjacent successful August, generating astir C$650 million–C$700 cardinal successful after-tax proceeds. Emera plans to usage the funds to trim holding-company indebtedness and fortify its equilibrium sheet, portion the transaction is expected to amended its operating currency flow-to-debt ratio.
Emera deployed much than C$1.7 cardinal successful the archetypal fractional and remains connected gait for its astir C$4 cardinal 2026 superior plan, focused connected regulated inferior growth. The institution is besides evaluating transmission opportunities successful Atlantic Canada and Ontario, including projects supporting renewable procreation and grid reliability.

Emera (TSE:EMA) reported second-quarter adjusted net of C$212 million, oregon C$0.69 per share, arsenic the inferior precocious plus income designed to fortify its equilibrium expanse and ore concern connected its regulated businesses.

Year-to-date adjusted net totaled C$627 million, up C$12 cardinal from the prior-year period, portion adjusted net per stock of C$2.06 were efficaciously unchanged from a twelvemonth earlier. The institution said it remains connected way to present compound yearly adjusted EPS maturation supra its 5% to 7% people scope done 2026 and expects maturation wrong that scope done 2030.

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"Overall, the archetypal fractional of 2026 reflects continued advancement successful executing our strategy and positioning Emera for semipermanent success," President and Chief Executive Officer Scott Balfour said connected the company's Aug. 7 net call.

New Mexico Gas Sale Expected to Close This Month

A cardinal improvement was the New Mexico Public Regulation Commission's July 30 support of Emera's merchantability of New Mexico Gas to Bernhard Capital Partners. Balfour said the transaction is expected to adjacent aboriginal successful August.

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Emera expects after-tax proceeds of astir C$650 cardinal to C$700 cardinal from the sale, which it expects to grounds successful its third-quarter results. The institution plans to usage the funds to trim holding-company indebtedness and amended fiscal flexibility, supporting superior concern astatine its regulated utilities.

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