Quarterly ResultMay 8, 2026, 05:22 PM
Emera Q1 Adjusted Net Income $415M, Adjusted EPS $1.37; Dividend $0.7325
AI Summary
Emera reported an increase in adjusted net income to $415 million and adjusted EPS – basic to $1.37 for the first quarter of 2026, compared to the same period in 2025. Operating revenues also grew by $137 million, reaching $2,813 million. The company announced a capital investment plan of approximately $20.4 billion through 2030, primarily focused on its Florida utilities. Additionally, Emera entered an agreement to sell GBPC and updated the expected closing for the NMGC sale to mid-2026.
Key Highlights
- Adjusted net income increased to $415 million in Q1 2026 from $379 million in Q1 2025.
- Adjusted EPS – basic rose to $1.37 in Q1 2026 from $1.28 in Q1 2025.
- Operating revenues increased by $137 million to $2,813 million in Q1 2026.
- Dividends per common share declared increased to $0.7325 in Q1 2026 from $0.7250.
- Emera's capital investment plan is approximately $20.4 billion from 2026 through 2030.
- Agreement to sell Grand Bahama Power Company Limited (GBPC) entered May 5, 2026, expected to close by end of May 2026.
- Sale of New Mexico Gas Company, Inc. (NMGC) is now expected to close in mid-2026.
- Nova Scotia Power Inc. (NSPI) received approval for an average annual customer rate increase of 1.2% effective May 1, 2026.