Analyst Consensus ?
ConsensusHold2 ratings
Bullish00.0%
Neutral2100.0%
Bearish00.0%
Emera Incorporated · EMA · FY2026 Q2 · Calendar Q3 2026
Emera’s Q2: Capital plan advances as balance-sheet flexibility improves
The supplied analysis supports a constructive but conditional view: regulated-utility growth, new rate structures, data-center demand, and disciplined capital deployment provide support, while financing and regulatory execution remain important tests.
Reported Before market openNYSEUtilities
$15.07B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.49
Consensus $0.50
EPS surprise
-2.2%
Reported versus consensus
Reported revenue
$1.42B
Consensus $1.34B
Revenue surprise
+5.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.5%
Event window
SPY move
+0.6%
Same window
Abnormal move
-2.1%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
-0.9%
Up to 20 sessions
EMASPY benchmark
Ask FN2 about EMA FY2026 Q2
Transcript, numbers and history already loaded
Why did EMA fall 1.5% after missing EPS estimates in FY2026 Q2?What changed in EMA's guidance and outlook in FY2026 Q2?Give me the bull and bear case for EMA after FY2026 Q2 earnings.
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Transcript intelligence
What changed
The quarter added progress on the New Mexico Gas sale, with proceeds earmarked for debt reduction, and highlighted $1.7 billion of H1 capital deployment. Tampa Electric’s residential rates were reduced 11–12% after removal of a storm surcharge, while the company advanced its large-load tariff and Nova Scotia–New Brunswick transmission plans.
Guidance delta
Management maintained its 5–7% annual EPS growth target through 2026 and continued the $4 billion capital plan.
Key takeaways
- Management reported Q2 2026 adjusted EPS of $0.69 and said full-year EPS is in line with last year.
- The planned $650–$700 million New Mexico Gas sale is intended to support debt reduction and financial flexibility.
- H1 capital deployment of $1.7 billion keeps Emera on track for its largest annual capital plan, with transmission and data-center initiatives advancing.
Management priorities
- Complete the New Mexico Gas transaction and use proceeds to reduce debt.
- Advance the Nova Scotia–New Brunswick Transmission Intertie and thermal-asset securitization.
- File Tampa Electric’s large-load tariff and develop the next capital-plan update.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$48.76Current
$52Low
$52.5Average
$53High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 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 $48.76. 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 | +6.6% | May 11, 2026 |
| Barclays | Analyst unavailable | $53 | $52.7 | +8.7% | 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.
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-07T17:12:18.299288+00:00
- FN2 earnings calendar · 2026-09-12T01:23:12.567806+00:00
- Polygon adjusted daily market bars · 2026-09-22T01:00:48.829976+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T01:00:48.827104+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 . For educational purposes only; not investment advice.