Emera Reports Q4 Non-GAAP EPS of C$0.55
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy EMA?
Source: seekingalpha
- Earnings Highlight: Emera reported a Q4 Non-GAAP EPS of C$0.55 for 2023, indicating stable financial performance despite facing increased risks for 2026 that could challenge future profitability.
- Risk Assessment: While Emera shows decent returns, analysts have noted a significant rise in risk levels for 2026, which may impact future earnings and investor confidence.
- Quant Rating: Seeking Alpha's quant rating on Emera provides insights into the company's relative market performance, offering investors a basis for informed decision-making regarding its future outlook.
- Dividend Performance: Emera's dividend scorecard reflects the company's ongoing commitment to shareholder returns, attracting investors seeking stable income despite market fluctuations.
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Analyst Views on EMA
Wall Street analysts forecast EMA stock price to fall
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 51.190
Low
48.95
Averages
51.11
High
54.71
Current: 51.190
Low
48.95
Averages
51.11
High
54.71
About EMA
Emera Incorporated is a geographically diverse energy and services company. It invests in regulated electricity generation and electricity and gas transmission and distribution, with a strategic focus on transformation from high carbon to low carbon energy sources. Its segments include Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. Florida Electric Utility consists of Tampa Electric, a vertically integrated regulated electric utility in West Central Florida. Canadian Electric Utilities includes Nova Scotia Power Inc., a vertically integrated regulated electric utility and the electricity supplier in Nova Scotia, and a 100% equity interest in NSP Maritime Link Inc. Gas Utilities and Infrastructure include Peoples Gas System, Inc., New Mexico Gas Company, Inc., Emera Brunswick Pipeline Company Limited, SeaCoast Gas Transmission, LLC and Maritimes & Northeast Pipeline, LLC.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

- Annual Financial Highlights: Emera achieved a record adjusted EPS of $3.49 for 2025, marking a 19% year-over-year increase and surpassing $1 billion in adjusted net income for the first time, indicating strong growth potential in the energy services sector.
- Capital Investment Plan: The company executed its largest-ever capital plan of $3.6 billion, driving an 8% year-over-year rate base growth, demonstrating Emera's strategic investments in infrastructure that will enhance its competitive position in the market.
- Future Growth Targets: Emera has extended its average adjusted EPS growth target to 5-7% through 2030, reflecting the company's commitment to long-term shareholder value and its strategy to invest in high-growth jurisdictions to achieve this goal.
- Quarterly Performance Analysis: For Q4 2025, adjusted net income was $167 million, down from $246 million in Q4 2024, primarily due to decreased earnings at NSPI and NMGC, highlighting the challenges the company faces amid market fluctuations.
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- Earnings Highlight: Emera reported a Q4 Non-GAAP EPS of C$0.55 for 2023, indicating stable financial performance despite facing increased risks for 2026 that could challenge future profitability.
- Risk Assessment: While Emera shows decent returns, analysts have noted a significant rise in risk levels for 2026, which may impact future earnings and investor confidence.
- Quant Rating: Seeking Alpha's quant rating on Emera provides insights into the company's relative market performance, offering investors a basis for informed decision-making regarding its future outlook.
- Dividend Performance: Emera's dividend scorecard reflects the company's ongoing commitment to shareholder returns, attracting investors seeking stable income despite market fluctuations.
See More
- Earnings Momentum Ratings: Among large-cap utility stocks, Ørsted A/S and National Grid plc received an EPS revision grade of F, indicating significant downward pressure on analyst expectations for future earnings, which could lead to decreased investor confidence.
- Market Focus: Veolia Environnement SA and EDPR, S.A. also received EPS revision grades of F and D, respectively, highlighting that these companies are under greater earnings pressure, potentially impacting their stock performance and market competitiveness.
- Industry Trends: Evergy, Inc. and Duke Energy Corporation received D+ ratings, reflecting a broader weakening of earnings momentum in the utility sector, which may reduce investor interest in this industry.
- Investor Caution: As earnings season unfolds, market scrutiny on utility stocks intensifies, particularly for those with lower ratings, which may prompt investors to reassess associated risks.
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- Stock Performance: On Monday, Emera Inc's Series E cumulative redeemable preferred shares (TSX:EMA-PRE.TO) fell approximately 0.1%, while common shares (TSX:EMA.TO) rose about 0.7%, indicating a divergence in market reactions to different share classes.
- Dividend History: The historical dividend payments of Emera Inc's Series E preferred shares are highlighted, reflecting the company's ongoing commitment to shareholder returns despite current stock price fluctuations.
- Market Dynamics: The performance disparity between preferred and common shares may influence investors' asset allocation decisions, particularly among those seeking stable income.
- Investor Sentiment: The current stock price volatility may reflect a cautious market sentiment regarding Emera Inc's future performance, prompting investors to closely monitor the company's financial results and market developments.
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- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing the issuance of up to C$600 million in common shares, thereby enhancing its ability to respond swiftly to future capital needs and market changes.
- Diverse Market Channels: The new program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, which not only increases liquidity but also attracts a broader investor base, further strengthening the company's market position.
- Defined Agreement Duration: The equity distribution agreement is effective until January 5, 2029, ensuring a stable financing channel for the company over the coming years, which supports its long-term strategic goals and business expansion.
- Transparent Use of Proceeds: Emera intends to use any funds raised through this program for general corporate purposes, and this transparent funding strategy helps to boost investor confidence and facilitates ongoing investments in renewable energy initiatives.
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- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing for the issuance of up to C$600 million in common shares, thereby enhancing the company's flexibility to meet future financing needs and ensuring stability in its capital structure.
- Market Trading Channels: The program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, enabling the company to adjust issuance timing and pricing based on market conditions, optimizing fundraising efficiency.
- Agreement Details: Emera has entered into an equity distribution agreement with multiple financial institutions, ensuring professional market support for future share issuances, which will enhance the success rate of offerings and reduce financing costs.
- Long-term Strategic Planning: The program is effective until January 2029, reflecting the company's proactive planning for future capital needs, aimed at supporting its ongoing growth in the North American energy services market.
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