Analyst Consensus ?
ConsensusHold2 ratings
Bullish00.0%
Neutral2100.0%
Bearish00.0%
Emera Incorporated · EMA · FY2025 Q1 · Calendar Q2 2025
Emera: Rate cases and capital investment support a positive outlook
The supplied analysis supports a constructive operating outlook: regulated rate increases, Florida customer growth, renewable investment, and a strong Emera Energy quarter provide support. The thesis remains conditional on regulatory execution, tariff and supply-chain management, and continued demand growth.
Reported Before market openNYSEUtilities
$14.58B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.57
Consensus $0.47
EPS surprise
+22.5%
Reported versus consensus
Reported revenue
$1.99B
Consensus $1.81B
Revenue surprise
+9.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.8%
Event window
SPY move
-0.1%
Same window
Abnormal move
+1.9%
Stock minus SPY
Volume
0.9×
Versus trailing sessions
Subsequent drift
-2.6%
Up to 20 sessions
EMASPY benchmark
Ask FN2 about EMA FY2025 Q1
Transcript, numbers and history already loaded
Why did EMA rise 1.8% after beating EPS estimates in FY2025 Q1?What changed in EMA's guidance and outlook in FY2025 Q1?Give me the bull and bear case for EMA after FY2025 Q1 earnings.
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Transcript intelligence
What changed
The current analysis adds a record first-quarter result, stronger Emera Energy performance, a raised 2025 Emera Energy earnings outlook, and continued progress on rate cases and capital projects. Relative to the prior analysis, the core 5%-7% EPS growth framework and increasing-capex direction remain consistent, while regulatory, tariff, FX, and listing-timeline questions remain.
Guidance delta
Maintained. The supplied current analysis says guidance sentiment is maintained; the prior analysis also says guidance sentiment is maintained.
Key takeaways
- The current analysis describes record first-quarter adjusted earnings and EPS, supported by regulated utility rate increases and favorable weather.
- Emera Energy delivered its best quarter according to the current analysis, which also says its 2025 earnings guidance was raised.
- Capital deployment remains focused on solar, battery storage, reliability, and resiliency upgrades.
- The supplied analyses point to Florida growth, rate cases, and renewable investment as key drivers.
- Tariffs, supply-chain execution, regulatory milestones, FX volatility, and the planned U.S. listing remain areas to monitor.
Management priorities
- Expand solar capacity and battery storage projects.
- Complete reliability and resiliency upgrades across key utility businesses.
- Procure gas turbines for Tampa Electric delivery in 2028.
- Pursue transmission investments linked to the East-West energy corridor and Atlantic Loop concepts.
- Advance the New Mexico Gas sale process and the planned New York listing.
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Beat
Miss
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Analyst 52W Price Targets
$48.03Current
$52Low
$52.5Average
$53High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 10, 2026 |
| CIBC | Neutral | Outperform | Downgrade | Aug 11, 2025 |
Named analyst price targets
Upside is calculated against the persisted current price $48.03. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Michael Lonegan | $52 | $52.6 | +8.3% | May 11, 2026 |
| Barclays | Analyst unavailable | $53 | $52.7 | +10.3% | Apr 28, 2026 |
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Start freeCompany context
Snapshot as of publicationEmera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments. It is involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities. The company was incorporated in 1998 and is headquartered in Halifax, Canada.
Historical context
All EMA earningsLatest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-03T00:56:08.178856+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T00:56:08.174849+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.