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Emera Reports 2026 First Quarter Financial Results

  • Emera Inc. reported Q1 2026 financial results on May 8, 2026, with adjusted EPS rising 7% to $1.37 from $1.28 in Q1 2025.
  • The company remains on track to deliver 2026 adjusted EPS growth exceeding its guidance range of 5-7% annually.
  • Capital deployment reached over $870 million against a $4.0 billion 2026 plan.
  • Operating cash flow increased 6% compared to Q1 2025.
  • Emera entered an agreement to sell its 100% interest in Grand Bahama Power Company.
  • Adjusted net income for Q1 2026 was $415 million, driven by higher earnings from Emera Energy Services, Peoples Gas Systems, Tampa Electric Company, offset by lower earnings from Nova Scotia Power Inc.
  • A stronger Canadian dollar decreased adjusted net income by $17 million compared to the same period in 2025.
  • Florida Electric Utility adjusted net income increased to $180 million from $164 million in Q1 2025.
  • Gas Utilities Infrastructure adjusted net income rose to $136 million from $120 million in Q1 2025.
  • Canadian Electric Utilities adjusted net income declined to $86 million from $121 million in Q1 2025.
  • Reported net income for Q1 2026 was $562 million ($1.85 per share) compared to $583 million ($1.96 per share) in Q1 2025.
  • A teleconference to discuss results is scheduled for May 8, 2026, at 9:30 a.m. Atlantic time.