Analyst Consensus ?
ConsensusHold2 ratings
Bullish00.0%
Neutral2100.0%
Bearish00.0%
Emera Incorporated · EMA · FY2025 Q4 · Calendar Q1 2026
Emera outlines record investment and maintained long-term growth target
The supplied analysis supports a constructive but execution-dependent view: rate approvals, customer growth, renewable investment, and grid modernization underpin Emera’s maintained 5–7% EPS growth target, while regulatory timing, financing needs, and rising costs remain important offsets.
Reported Before market openNYSEUtilities
$14.60B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.40
Consensus $0.42
EPS surprise
-3.9%
Reported versus consensus
Reported revenue
$1.46B
Consensus $1.14B
Revenue surprise
+28.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.2%
Event window
SPY move
-1.0%
Same window
Abnormal move
+0.8%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
-0.8%
Up to 20 sessions
EMASPY benchmark
Ask FN2 about EMA FY2025 Q4
Transcript, numbers and history already loaded
Why did EMA fall 0.2% after missing EPS estimates in FY2025 Q4?What changed in EMA's guidance and outlook in FY2025 Q4?Give me the bull and bear case for EMA after FY2025 Q4 earnings.
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Transcript intelligence
What changed
Emera’s plan now centers on $4 billion of 2026 capital spending after record 2025 investment, with the long-term 5–7% EPS growth target extended through 2030. Data-center load is an opportunity under evaluation rather than part of the current capital plan.
Guidance delta
Management maintained its 5–7% EPS growth target through 2030; dividend growth is expected to remain modest at 1–2% annually.
Key takeaways
- Emera’s supplied analysis describes record 2025 adjusted earnings of $1.45 billion and EPS of $3.49, up 19% year over year.
- The company plans $4 billion of 2026 capital spending focused on solar, batteries, grid modernization, and related infrastructure.
- Florida regulatory progress and customer growth support the outlook, while Nova Scotia and New Mexico approvals remain pending.
Management priorities
- Execute the 2026 capital plan across solar, battery storage, and grid modernization.
- Advance the New Mexico Gas transaction and Nova Scotia regulatory processes.
- Explore data-center load opportunities while refinancing upcoming hybrid and bond maturities.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$47.75Current
$52Low
$52.5Average
$53High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 28, 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 $47.75. 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 | +8.9% | May 11, 2026 |
| Barclays | Analyst unavailable | $53 | $52.7 | +11.0% | 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
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- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-28T17:40:58.136402+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-28T17:40:58.133399+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 2026-09-28. For educational purposes only; not investment advice.