Emera (TSE:EMA)
TSX:EMA
Earnings Data
Report Date
May 08, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.05Last Year’s EPS
1.28Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a strong 2025 with record capital deployment, material adjusted earnings and EPS growth, improved operating cash flow and credit metrics, and significant progress on grid modernization and storage. Offsetting items include a weak Q4 quarter, elevated O&M and depreciation pressures at some utilities (notably Canadian operations), higher interest expense, pending regulatory decisions (Nova Scotia and New Mexico) and no near-term data center contracts despite active discussions. On balance, the positives — including record annual results, clear multi-year capital and earnings guidance (5%–7% EPS growth through 2030) and improved financial metrics — outweigh the near-term challenges and uncertainties.Company Guidance
Record Annual Adjusted Earnings and EPS Growth
Full year 2025 adjusted earnings of $1.45 billion versus $849 million in 2024 (approximately +71%), and adjusted EPS of $3.49 versus $2.94 in 2024 (+$0.55 or +19%). This is the first time Emera exceeded $1 billion in annual adjusted net income.
Strong Operating Cash Flow and Improved Credit Metrics
Operating cash flow increased by 19% year-over-year (a $386 million increase after normalizing for fuel and storm deferrals). Moody's CFO preworking capital to debt improved by ~130 basis points; pro forma New Mexico Gas sale would have exceeded Moody's 12% threshold.
Largest Ever Capital Deployment and Growing Rate Base
Operating companies deployed a record $3.6 billion of capital in 2025, driving ~8% rate base growth over 2024. Plan to execute a record $4.0 billion of capital in 2026 as part of a 5-year $20 billion program supporting 7%–8% rate base growth through 2030.
Tampa Electric Operational & Regulatory Progress
Tampa Electric installed an additional 150 MW of solar in 2025 (total solar now 1,505 MW), undergrounded 77 miles of distribution (system >54% underground), opened a new energy control center, and secured an approved USD 88 million rate base adjustment for 2026. Tampa Electric now represents ~59% of consolidated operating company earnings.
Technology and Grid Modernization Initiatives
Deployment of AI and modern technologies across Nova Scotia Power, Peoples Gas and Tampa Electric to improve customer experience, crew dispatch, damage prevention, outage reduction and asset inspection efficiency (including drone + AI inspections at solar sites).
Nova Scotia Power Reliability Investments & Storage
Brought 250-MW 4-hour battery storage facilities into service (two facilities with a third on track for summer), and executed >$200 million in year 1 of a $1.3 billion 5-year Reliability Plan; proposed securitization of ~$700 million of retiring thermal assets to provide customer savings.
Regulatory and Transaction Progress
Favorable rate case outcome at Peoples Gas; Nova Scotia GRA hearing concluded (consensus settlement limiting average rate increases to ~2%/year 2026–2027 if approved); New Mexico Gas sale hearing concluded and transaction expected to close in H1 2026 pending regulator recommendation.
TSE:EMA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:EMA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | C$70.17 | C$70.13 | -0.06% |
Nov 07, 2025 | C$66.79 | C$66.50 | -0.43% |
Aug 08, 2025 | C$64.69 | C$65.47 | +1.21% |
May 08, 2025 | C$59.36 | C$59.78 | +0.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Emera (TSE:EMA) report earnings?
Emera (TSE:EMA) is schdueled to report earning on May 08, 2026, After Close (Confirmed).
What is Emera (TSE:EMA) earnings time?
Emera (TSE:EMA) earnings time is at May 08, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EMA EPS forecast?
TSE:EMA EPS forecast for the fiscal quarter 2026 (Q1) is 1.05.