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Emera Hits Record 2025 Earnings, Extends Long-Term Growth Target to 2030

Story Highlights
  • Emera posted record 2025 earnings, topping $1 billion in adjusted net income and increasing adjusted EPS 19% on strong contributions from key U.S. and energy services businesses.
  • The utility expanded rate base with a record capital program and extended its 5%-7% adjusted EPS growth target through 2030, even as fourth-quarter earnings softened amid mixed segment performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Emera Hits Record 2025 Earnings, Extends Long-Term Growth Target to 2030

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The latest update is out from Emera ( (TSE:EMA) ).

Emera reported a record 2025 performance, delivering adjusted earnings per share of $3.49, up 19% year over year, and surpassing $1 billion in annual adjusted net income for the first time, supported by strong contributions from Tampa Electric, Emera Energy Services and New Mexico Gas. The company executed its largest-ever annual capital program of $3.6 billion, driving 8% rate base growth, and extended its average adjusted EPS growth target of 5%-7% through 2030, signaling continued commitment to long-term regulated growth despite weaker fourth-quarter results and ongoing portfolio repositioning.

While full-year results were robust, fourth-quarter 2025 adjusted net income declined to $167 million from $246 million a year earlier, reflecting lower earnings at Nova Scotia Power and New Mexico Gas, reduced tax recoveries and adverse weather at Tampa Electric, partly offset by stronger Emera Energy Services performance. Currency movements provided a modest full-year boost to earnings, and reported net income rose sharply to $1.014 billion due to improved mark-to-market results and prior-year one-time items, underlining the company’s sensitivity to U.S. dollar exposure and the impact of strategic asset sales and charges on headline figures.

The most recent analyst rating on (TSE:EMA) stock is a Hold with a C$68.00 price target. To see the full list of analyst forecasts on Emera stock, see the TSE:EMA Stock Forecast page.

Spark’s Take on TSE:EMA Stock

According to Spark, TipRanks’ AI Analyst, TSE:EMA is a Neutral.

Emera’s overall stock score reflects strong earnings growth and strategic investments, which are offset by technical bearish signals and cash flow challenges. The company’s valuation remains attractive, supported by a solid dividend yield.

To see Spark’s full report on TSE:EMA stock, click here.

More about Emera

Emera Inc. is a Halifax, Nova Scotia-based energy and utilities company operating regulated electric and gas utilities and related energy services businesses in North America. Its operations include Tampa Electric, Nova Scotia Power, New Mexico Gas Company and Emera Energy Services, with a focus on regulated, high-growth jurisdictions and essential energy infrastructure investments.

YTD Price Performance: 4.83%

Average Trading Volume: 1,223,022

Technical Sentiment Signal: Buy

Current Market Cap: C$21.06B

See more data about EMA stock on TipRanks’ Stock Analysis page.

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