{"success":true,"data":{"pressRelease":{"id":"27313","rtpr_id":"nBw9P3BWsa","ticker":"EMA","exchange":"TSX","all_tickers":["EMA"],"title":"Emera Reports 2026 First Quarter Financial Results","author":"Business Wire","published_at":"2026-05-08T10:06:00.114Z","article_body":"Emera Reports 2026 First Quarter Financial Results\n\nToday, May 8, 2026, Emera Inc. (“Emera”) (TSX/NYSE: EMA) reported 2026\nfirst quarter financial results(1).\n\nHighlights\n\n\n * Delivered a 7% increase in adjusted earnings per share(2) (“EPS”), with\n$1.37 in Q1 2026, compared to $1.28 in Q1 2025, and reported EPS of $1.85\ncompared to $1.96 in Q1 2025.\n\n * On track to deliver 2026 adjusted EPS(2) growth above our earnings guidance\nrange of 5-7%(3) annualized.\n\n * Capital plan on track: Deployed more than $870 million of our $4.0 billion\n2026 capital plan.\n\n * Delivered a 6% increase to operating cash flow compared to Q1 2025.\n\n * Emera entered into an agreement to sell its 100% interest in Grand Bahama\nPower Company.\n\n“Emera delivered a solid first quarter, with important regulatory outcomes,\ndisciplined capital deployment and record results at Emera Energy,\ncontributing to our strong start,” said Scott Balfour, President and CEO of\nEmera Inc. “This performance furthers our confidence in delivering 5–7%\naverage adjusted EPS² growth through 2030³ and positions us to exceed that\nrange in 2026. Across our portfolio, our investments remain focused on\nreliability and managing cost impacts for customers.”\n\nQ1 2026 Financial Results\n\nQ1 2026 adjusted net income attributable to common shareholders (“adjusted\nnet income”)(2) was $415 million, or $1.37 per common share, compared to\n$379 million, or $1.28 per common share, in Q1 2025. The increase was\nprimarily due to higher earnings from Emera Energy Services (“EES”),\nPeoples Gas Systems, Inc. (“PGS”) and Tampa Electric Company (“TEC”).\nThese were partially offset by lower earnings from Nova Scotia Power Inc.\n(“NSPI”), the impact of a stronger Canadian dollar (“CAD”) and higher\ncorporate costs.\n\nQ1 2026 reported net income was $562 million, or $1.85 per common share,\ncompared to net income of $583 million, or $1.96 per common share, in Q1 2025.\n\nIn Q1 2026, the translation impacts of a stronger CAD on USD denominated\nearnings decreased adjusted net income(2) by $17 million and decreased\nreported net income by $30 million, compared to the same period in 2025. These\nimpacts include the effect of FX hedges used to mitigate translation risk of\nUSD earnings, which are included in Corporate in the Other segment.\n\n\n 1. Financial information is presented in CAD unless otherwise specified.\n\n 2. See “Non-GAAP Financial Measures and Ratios” noted below and “Segment\nResults and Non-GAAP Reconciliation” below for reconciliation to nearest\nUSGAAP measure.\n\n 3. Adjusted EPS growth guidance uses 2024 as base year.\n\nSegment Results and Non-GAAP Reconciliation\n For the                                                      Three months ended March 31         \n millions of Canadian dollars (except per share amounts)      2026                    2025        \n Adjusted net income(1,2)                                                                         \n Florida Electric Utility                                 $   180         $           164         \n Canadian Electric Utilities                                  86                      121         \n Gas Utilities and Infrastructure                             136                     120         \n Other Electric Utilities                                     8                       -           \n Other(3)                                                     5                       (26)        \n Adjusted net income(1,2)                                 $   415         $           379         \n MTM gain, after-tax(4)                                       147                     204         \n Net income attributable to common shareholders           $   562         $           583         \n EPS (basic)                                              $   1.85        $           1.96        \n Adjusted EPS (basic)(1,2)                                $   1.37        $           1.28        \n (1) See “Non-GAAP Financial Measures and Ratios” noted below.                                    \n (2) Excludes the effect of Mark-to-Market (“MTM”) adjustments.                                   \n (3) Higher earnings, quarter-over-quarter, primarily due to higher contributions from EES and increased income tax recovery at corporate, partially offset by increased corporate OM&G and interest expense.     \n (4) Net of income tax expense of $61 million for the three months ended March 31, 2026 (2025 - $84 million tax expense). \n\n\nConsolidated Financial Review\n\nThe following table highlights significant changes in adjusted net income from\n2025 to 2026.\n For the                                                                          Three months ended      \n millions of Canadian dollars                                                     March 31                \n Adjusted net income – 2025(1,2)                                                  $           379         \n Operating Unit Performance                                                                               \n Increased earnings at EES due to favourable market conditions that led to                    36          \n higher natural gas prices and increased volatility that created profitable                               \n opportunities                                                                                            \n Increased earnings at PGS due to higher revenue from new base rates and higher               18          \n off-system sales, partially offset by higher income tax expense and the impact                           \n of a stronger CAD                                                                                        \n Increased earnings at TEC primarily due to higher revenue from new base rates                16          \n and off-system sales, partially offset by the impact of a stronger CAD and                               \n higher depreciation                                                                                      \n Decreased earnings at NSPI due to lower income tax recovery as a result of                   (36)        \n higher investment tax credits in 2025 ($16 million) and higher operating,                                \n maintenance and general expenses (“OM&G”) primarily reflecting higher                                    \n storm restoration and power generation costs, and higher depreciation expense,                           \n partially offset by higher sales volumes                                                                 \n Corporate                                                                                                \n Increased OM&G, pre-tax, primarily due to lower gain on the long-term                        (12)        \n incentive hedge and increased costs as a result of the New York Stock Exchange                           \n listing                                                                                                  \n Increased interest expense, pre-tax, due to increased total debt, partially                  (7)         \n offset by lower interest rates                                                                           \n Increased income tax recovery primarily due to an increased loss before                      6           \n provision for income taxes and increased deferred income tax asset valuation                             \n allowance adjustment                                                                                     \n Other Variances                                                                              15          \n Adjusted net income – 2026(1,2)                                                  $           415         \n (1) See “Non-GAAP Financial Measures and Ratios” noted below and                                         \n “Segment Results and Non-GAAP Reconciliation\" for reconciliation to nearest                              \n US GAAP measure.                                                                                         \n (2) Excludes the effect of MTM adjustments, net of tax.                                                  \n\n\n(1)Non-GAAP Financial Measures and Ratios\n\nEmera uses financial measures that do not have standardized meaning under\nUSGAAP and may not be comparable to similar measures presented by other\nentities. Emera calculates the non-GAAP measures and ratios by adjusting\ncertain GAAP measures for specific items. Management believes excluding these\nitems better distinguishes the ongoing operations of the business. For further\ninformation on the non-GAAP financial measure, adjusted net income, and the\nnon-GAAP ratio, adjusted EPS – basic, refer to the \"Non-GAAP Financial\nMeasures and Ratios\" section of Emera’s Q1 2026 MD&A, which is\nincorporated herein by reference and can be found on SEDAR+ at\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sedarplus.ca&index=1&md5=383866051ec1b65dafa8cc59f602f4b4)\nand on EDGAR at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sec.gov&index=2&md5=9959d19f2663675e32f275602a2b841c)\n. Reconciliation to the nearest GAAP measure is included in “Segment Results\nand Non-GAAP Reconciliation” above.\n\nForward-Looking Information\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws and forward-looking statements within the\nmeaning of applicable US securities laws including, without limitation, the\nU.S. Private Securities Litigation Reform Act of 1995 (collectively,\n“forward-looking information”) with respect to Emera, including without\nlimitation, statements about the Company’s expectations regarding future\ngrowth, including plans to target an average adjusted EPS(1 )growth rate of 5\nto 7 per cent through 2030 and expectations to exceed that range in 2026; the\nCompany’s capital plans being on track for 2026; the Company’s ongoing\nfocus on reliability and managing customer cost impacts; and its plans to sell\nGBPC. By its nature, forward-looking information requires Emera to make\nassumptions and is subject to inherent risks and uncertainties. These\nstatements reflect Emera management’s current beliefs and are based on\ninformation currently available to Emera management. There is a risk that\npredictions, forecasts, conclusions and projections that constitute\nforward-looking information will not prove to be accurate, that Emera’s\nassumptions may not be correct and that actual results may differ materially\nfrom those expressed or implied by such forward-looking information. The\nforward-looking information in this news release is made only as of the date\nof thereof, and except as required by law, Emera disclaims any intention or\nobligation to update or revise any forward-looking information as a result of\nnew information, future events or otherwise. Additional detailed information\nabout these assumptions, risks and uncertainties is included in Emera’s\nsecurities regulatory filings, including under the heading “Enterprise Risk\nand Risk Management” in Emera’s annual Management’s Discussion and\nAnalysis, and under the heading “Principal Financial Risks and\nUncertainties” in the notes to Emera’s annual and interim financial\nstatements, which can be found on SEDAR+ at www.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sedarplus.ca&index=3&md5=34ec313db9e4fad702a671de295e9334)\nand on EDGAR at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sec.gov&index=4&md5=4ebe1eda68dc15546657913d25bea4b3)\n.\n\nTeleconference Call\n\nThe company will be hosting a teleconference today, Friday, May 8, 2026, at\n9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the Q1 2026 financial\nresults.\n\nAnalysts and other interested parties in North America are invited to\nparticipate by dialing 1-800-717-1738. International parties are invited to\nparticipate by dialing 1-289-514-5100. Participants should dial in at least 10\nminutes prior to the start of the call. No pass code is required.\n\nA live and archived audio webcast of the teleconference will be available on\nthe Company's website, www.emera.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.emera.com&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.emera.com&index=5&md5=88fe69c8543679a71484530bb31c29e6)\n. A replay of the teleconference will be available on the Company’s website\ntwo hours after the conclusion of the call.\n\nAbout Emera\n\nEmera (TSX/NYSE: EMA) is a leading North American provider of energy services\nheadquartered in Halifax, Nova Scotia, with investments in regulated electric\nand natural gas utilities, and related businesses and assets. The Emera family\nof companies delivers safe, reliable energy to approximately 2.7 million\ncustomers in the United States, Canada and the Caribbean. Our team of 7,800\nemployees is committed to our purpose of energizing modern life and delivering\na cleaner energy future for all. Emera’s common and preferred shares are\nlisted and trade on the Toronto Stock Exchange and its common shares are\nlisted and trade on the New York Stock Exchange. Additional information can be\naccessed at www.emera.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.emera.com&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.emera.com&index=6&md5=399e514f916ef82d4efda51e33f7936c)\n, on SEDAR+ at www.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sedarplus.ca&index=7&md5=6ec65ee56103b308b7262f84947c7455)\nand on EDGAR at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sec.gov&index=8&md5=cd72b571a84d75d672c64aa84e3d47ac)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260508649853/en/\n(https://www.businesswire.com/news/home/20260508649853/en/)\n\nEmera Inc. \n\nInvestor Relations \n\nDave Bezanson, SVP, Capital Markets\n\n902-233-2674\n\ndave.bezanson@emera.com (mailto:dave.bezanson@emera.com)\n\nEmera Inc. \n\nMedia \n\nEmera Corporate Communications\n\nmedia@emera.com (mailto:media@emera.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw9P3BWsa","title":"Emera Reports 2026 First Quarter Financial Results","author":"Business Wire","ticker":"EMA","created":"2026-05-08T10:06:00.114Z","tickers":["EMA"],"exchange":"TSX","article_body":"Emera Reports 2026 First Quarter Financial Results\n\nToday, May 8, 2026, Emera Inc. (“Emera”) (TSX/NYSE: EMA) reported 2026\nfirst quarter financial results(1).\n\nHighlights\n\n\n * Delivered a 7% increase in adjusted earnings per share(2) (“EPS”), with\n$1.37 in Q1 2026, compared to $1.28 in Q1 2025, and reported EPS of $1.85\ncompared to $1.96 in Q1 2025.\n\n * On track to deliver 2026 adjusted EPS(2) growth above our earnings guidance\nrange of 5-7%(3) annualized.\n\n * Capital plan on track: Deployed more than $870 million of our $4.0 billion\n2026 capital plan.\n\n * Delivered a 6% increase to operating cash flow compared to Q1 2025.\n\n * Emera entered into an agreement to sell its 100% interest in Grand Bahama\nPower Company.\n\n“Emera delivered a solid first quarter, with important regulatory outcomes,\ndisciplined capital deployment and record results at Emera Energy,\ncontributing to our strong start,” said Scott Balfour, President and CEO of\nEmera Inc. “This performance furthers our confidence in delivering 5–7%\naverage adjusted EPS² growth through 2030³ and positions us to exceed that\nrange in 2026. Across our portfolio, our investments remain focused on\nreliability and managing cost impacts for customers.”\n\nQ1 2026 Financial Results\n\nQ1 2026 adjusted net income attributable to common shareholders (“adjusted\nnet income”)(2) was $415 million, or $1.37 per common share, compared to\n$379 million, or $1.28 per common share, in Q1 2025. The increase was\nprimarily due to higher earnings from Emera Energy Services (“EES”),\nPeoples Gas Systems, Inc. (“PGS”) and Tampa Electric Company (“TEC”).\nThese were partially offset by lower earnings from Nova Scotia Power Inc.\n(“NSPI”), the impact of a stronger Canadian dollar (“CAD”) and higher\ncorporate costs.\n\nQ1 2026 reported net income was $562 million, or $1.85 per common share,\ncompared to net income of $583 million, or $1.96 per common share, in Q1 2025.\n\nIn Q1 2026, the translation impacts of a stronger CAD on USD denominated\nearnings decreased adjusted net income(2) by $17 million and decreased\nreported net income by $30 million, compared to the same period in 2025. These\nimpacts include the effect of FX hedges used to mitigate translation risk of\nUSD earnings, which are included in Corporate in the Other segment.\n\n\n 1. Financial information is presented in CAD unless otherwise specified.\n\n 2. See “Non-GAAP Financial Measures and Ratios” noted below and “Segment\nResults and Non-GAAP Reconciliation” below for reconciliation to nearest\nUSGAAP measure.\n\n 3. Adjusted EPS growth guidance uses 2024 as base year.\n\nSegment Results and Non-GAAP Reconciliation\n For the                                                      Three months ended March 31         \n millions of Canadian dollars (except per share amounts)      2026                    2025        \n Adjusted net income(1,2)                                                                         \n Florida Electric Utility                                 $   180         $           164         \n Canadian Electric Utilities                                  86                      121         \n Gas Utilities and Infrastructure                             136                     120         \n Other Electric Utilities                                     8                       -           \n Other(3)                                                     5                       (26)        \n Adjusted net income(1,2)                                 $   415         $           379         \n MTM gain, after-tax(4)                                       147                     204         \n Net income attributable to common shareholders           $   562         $           583         \n EPS (basic)                                              $   1.85        $           1.96        \n Adjusted EPS (basic)(1,2)                                $   1.37        $           1.28        \n (1) See “Non-GAAP Financial Measures and Ratios” noted below.                                    \n (2) Excludes the effect of Mark-to-Market (“MTM”) adjustments.                                   \n (3) Higher earnings, quarter-over-quarter, primarily due to higher contributions from EES and increased income tax recovery at corporate, partially offset by increased corporate OM&G and interest expense.     \n (4) Net of income tax expense of $61 million for the three months ended March 31, 2026 (2025 - $84 million tax expense). \n\n\nConsolidated Financial Review\n\nThe following table highlights significant changes in adjusted net income from\n2025 to 2026.\n For the                                                                          Three months ended      \n millions of Canadian dollars                                                     March 31                \n Adjusted net income – 2025(1,2)                                                  $           379         \n Operating Unit Performance                                                                               \n Increased earnings at EES due to favourable market conditions that led to                    36          \n higher natural gas prices and increased volatility that created profitable                               \n opportunities                                                                                            \n Increased earnings at PGS due to higher revenue from new base rates and higher               18          \n off-system sales, partially offset by higher income tax expense and the impact                           \n of a stronger CAD                                                                                        \n Increased earnings at TEC primarily due to higher revenue from new base rates                16          \n and off-system sales, partially offset by the impact of a stronger CAD and                               \n higher depreciation                                                                                      \n Decreased earnings at NSPI due to lower income tax recovery as a result of                   (36)        \n higher investment tax credits in 2025 ($16 million) and higher operating,                                \n maintenance and general expenses (“OM&G”) primarily reflecting higher                                    \n storm restoration and power generation costs, and higher depreciation expense,                           \n partially offset by higher sales volumes                                                                 \n Corporate                                                                                                \n Increased OM&G, pre-tax, primarily due to lower gain on the long-term                        (12)        \n incentive hedge and increased costs as a result of the New York Stock Exchange                           \n listing                                                                                                  \n Increased interest expense, pre-tax, due to increased total debt, partially                  (7)         \n offset by lower interest rates                                                                           \n Increased income tax recovery primarily due to an increased loss before                      6           \n provision for income taxes and increased deferred income tax asset valuation                             \n allowance adjustment                                                                                     \n Other Variances                                                                              15          \n Adjusted net income – 2026(1,2)                                                  $           415         \n (1) See “Non-GAAP Financial Measures and Ratios” noted below and                                         \n “Segment Results and Non-GAAP Reconciliation\" for reconciliation to nearest                              \n US GAAP measure.                                                                                         \n (2) Excludes the effect of MTM adjustments, net of tax.                                                  \n\n\n(1)Non-GAAP Financial Measures and Ratios\n\nEmera uses financial measures that do not have standardized meaning under\nUSGAAP and may not be comparable to similar measures presented by other\nentities. Emera calculates the non-GAAP measures and ratios by adjusting\ncertain GAAP measures for specific items. Management believes excluding these\nitems better distinguishes the ongoing operations of the business. For further\ninformation on the non-GAAP financial measure, adjusted net income, and the\nnon-GAAP ratio, adjusted EPS – basic, refer to the \"Non-GAAP Financial\nMeasures and Ratios\" section of Emera’s Q1 2026 MD&A, which is\nincorporated herein by reference and can be found on SEDAR+ at\nwww.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sedarplus.ca&index=1&md5=383866051ec1b65dafa8cc59f602f4b4)\nand on EDGAR at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sec.gov&index=2&md5=9959d19f2663675e32f275602a2b841c)\n. Reconciliation to the nearest GAAP measure is included in “Segment Results\nand Non-GAAP Reconciliation” above.\n\nForward-Looking Information\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws and forward-looking statements within the\nmeaning of applicable US securities laws including, without limitation, the\nU.S. Private Securities Litigation Reform Act of 1995 (collectively,\n“forward-looking information”) with respect to Emera, including without\nlimitation, statements about the Company’s expectations regarding future\ngrowth, including plans to target an average adjusted EPS(1 )growth rate of 5\nto 7 per cent through 2030 and expectations to exceed that range in 2026; the\nCompany’s capital plans being on track for 2026; the Company’s ongoing\nfocus on reliability and managing customer cost impacts; and its plans to sell\nGBPC. By its nature, forward-looking information requires Emera to make\nassumptions and is subject to inherent risks and uncertainties. These\nstatements reflect Emera management’s current beliefs and are based on\ninformation currently available to Emera management. There is a risk that\npredictions, forecasts, conclusions and projections that constitute\nforward-looking information will not prove to be accurate, that Emera’s\nassumptions may not be correct and that actual results may differ materially\nfrom those expressed or implied by such forward-looking information. The\nforward-looking information in this news release is made only as of the date\nof thereof, and except as required by law, Emera disclaims any intention or\nobligation to update or revise any forward-looking information as a result of\nnew information, future events or otherwise. Additional detailed information\nabout these assumptions, risks and uncertainties is included in Emera’s\nsecurities regulatory filings, including under the heading “Enterprise Risk\nand Risk Management” in Emera’s annual Management’s Discussion and\nAnalysis, and under the heading “Principal Financial Risks and\nUncertainties” in the notes to Emera’s annual and interim financial\nstatements, which can be found on SEDAR+ at www.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sedarplus.ca&index=3&md5=34ec313db9e4fad702a671de295e9334)\nand on EDGAR at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sec.gov&index=4&md5=4ebe1eda68dc15546657913d25bea4b3)\n.\n\nTeleconference Call\n\nThe company will be hosting a teleconference today, Friday, May 8, 2026, at\n9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the Q1 2026 financial\nresults.\n\nAnalysts and other interested parties in North America are invited to\nparticipate by dialing 1-800-717-1738. International parties are invited to\nparticipate by dialing 1-289-514-5100. Participants should dial in at least 10\nminutes prior to the start of the call. No pass code is required.\n\nA live and archived audio webcast of the teleconference will be available on\nthe Company's website, www.emera.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.emera.com&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.emera.com&index=5&md5=88fe69c8543679a71484530bb31c29e6)\n. A replay of the teleconference will be available on the Company’s website\ntwo hours after the conclusion of the call.\n\nAbout Emera\n\nEmera (TSX/NYSE: EMA) is a leading North American provider of energy services\nheadquartered in Halifax, Nova Scotia, with investments in regulated electric\nand natural gas utilities, and related businesses and assets. The Emera family\nof companies delivers safe, reliable energy to approximately 2.7 million\ncustomers in the United States, Canada and the Caribbean. Our team of 7,800\nemployees is committed to our purpose of energizing modern life and delivering\na cleaner energy future for all. Emera’s common and preferred shares are\nlisted and trade on the Toronto Stock Exchange and its common shares are\nlisted and trade on the New York Stock Exchange. Additional information can be\naccessed at www.emera.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.emera.com&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.emera.com&index=6&md5=399e514f916ef82d4efda51e33f7936c)\n, on SEDAR+ at www.sedarplus.ca\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sedarplus.ca&index=7&md5=6ec65ee56103b308b7262f84947c7455)\nand on EDGAR at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54531966&newsitemid=20260508649853&lan=en-US&anchor=www.sec.gov&index=8&md5=cd72b571a84d75d672c64aa84e3d47ac)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260508649853/en/\n(https://www.businesswire.com/news/home/20260508649853/en/)\n\nEmera Inc. \n\nInvestor Relations \n\nDave Bezanson, SVP, Capital Markets\n\n902-233-2674\n\ndave.bezanson@emera.com (mailto:dave.bezanson@emera.com)\n\nEmera Inc. \n\nMedia \n\nEmera Corporate Communications\n\nmedia@emera.com (mailto:media@emera.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-08T10:06:00.189601843Z","server_sent_at_ms":1778234760189},"received_at":"2026-05-08T10:06:00.341Z","source_url":"https://www.businesswire.com/news/home/20260508649853/en/"},"analysis":{"id":"21343","press_release_id":"27313","analysis_json":{"industry":{"label":"Electric Utilities","sector":"Utilities"},"redFlags":[],"eventType":"earnings","narrative":"Emera reported a 7% increase in adjusted EPS to $1.37 in Q1 2026, up from $1.28 in Q1 2025.\n\nThe company is on track to deliver adjusted EPS growth above its 5-7% guidance range for 2026, driven by strong performance across several operating units.\n\nEmera deployed more than $870 million of its $4.0 billion 2026 capital plan, with a focus on reliability and managing customer cost impacts.\n\nThe company entered into an agreement to sell its 100% interest in Grand Bahama Power Company, further optimizing its portfolio.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Emera beats Q1 EPS and is on track to exceed 2026 guidance."},"keyFigures":{"eps":1.37,"epsBeat":0,"revenue":0,"guidance":"2026 adjusted EPS growth above 5-7% guidance range","revenueYoy":0,"customDimensions":{"income_tax_expense":61000000,"mtm_gain_after_tax":147000000,"adjusted_net_income":415000000,"operating_cash_flow":null,"reported_net_income":562000000}},"quotedText":"Emera delivered a solid first quarter, with important regulatory outcomes, disciplined capital deployment and record results at Emera Energy, contributing to our strong start","namedEntities":{"people":[{"name":"Scott Balfour","role":"President and CEO"}],"products":[],"companies":[{"name":"Emera Inc.","ticker":"EMA"},{"name":"Emera Energy Services","relationship":"operating unit"},{"name":"Peoples Gas Systems, Inc.","relationship":"operating unit"},{"name":"Tampa Electric Company","relationship":"operating unit"},{"name":"Nova Scotia Power Inc.","relationship":"operating unit"},{"name":"Grand Bahama Power Company","relationship":"asset to be sold"}],"dollarAmounts":[{"amount":"$1.37","context":"Q1 2026 adjusted EPS"},{"amount":"$1.28","context":"Q1 2025 adjusted EPS"},{"amount":"$1.85","context":"Q1 2026 reported EPS"},{"amount":"$1.96","context":"Q1 2025 reported EPS"},{"amount":"$415 million","context":"Q1 2026 adjusted net income"},{"amount":"$379 million","context":"Q1 2025 adjusted net income"},{"amount":"$562 million","context":"Q1 2026 reported net income"},{"amount":"$583 million","context":"Q1 2025 reported net income"},{"amount":"$17 million","context":"translation impact on adjusted net income"},{"amount":"$30 million","context":"translation impact on reported net income"},{"amount":"$147 million","context":"MTM gain, after-tax"},{"amount":"$61 million","context":"income tax expense"},{"amount":"$870 million","context":"2026 capital plan deployment"},{"amount":"$4.0 billion","context":"2026 capital plan"}]},"materialImpact":{"score":4,"reasoning":"Emera reported a 7% increase in adjusted EPS, with Q1 2026 adjusted EPS of $1.37 compared to $1.28 in Q1 2025. 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