Emera
Owner of regulated electric and gas utilities centered on Florida.
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Profile
Owns rate-regulated electric and gas utilities led by Tampa Electric and Peoples Gas in Florida, with additional operations across Atlantic Canada, New Mexico, and the Caribbean. Earnings depend on infrastructure investment, regulator-approved cost recovery, and reliable service across multiple jurisdictions.
Owns cost-of-service, rate-regulated electric and gas utilities spanning Florida, Atlantic Canada, New Mexico, and the Caribbean. Tampa Electric and Peoples Gas anchor the largest operating base in Florida, while Nova Scotia Power, New Mexico Gas, and Caribbean utilities extend the portfolio across several regulatory systems.
Generates earnings by investing in utility infrastructure and recovering costs through jurisdiction-specific rate processes. The holding-company structure retains local utility identities and operating boards, while safety, reliability, affordability, and efficiency shape execution.
Cleaner generation and grid investment must be balanced with reliable, affordable service. Results depend on regulatory approval and the timing of capital recovery across each jurisdiction. New Mexico Gas remained held for sale as of February 2026, leaving the divestiture dependent on transaction completion.
Company facts
Key statistics
Year to date +1.4% · Average volume (30d) 440.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 11, 2026 | Barclays | Reiterate | Equal Weight | $53 | $52 | |
| Apr 28, 2026 | Barclays | Target | $53 | |||
| Aug 11, 2025 | CIBC | Downgrade | Outperform | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.50 | $0.49 | −2.2% | $1.34B | $1.42B | +5.4% | −1.49% |
| May 8, 2026Q1 FY26 | $0.87 | $0.99 | +13.7% | $1.74B | $2.02B | +16.1% | −0.70% |
| Feb 23, 2026Q4 FY25 | $0.42 | $0.40 | −3.9% | $1.14B | $1.46B | +28.5% | −0.39% |
| Nov 7, 2025Q3 FY25 | $0.44 | $0.64 | +45.7% | $1.70B | $2.11B | +24.1% | −0.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.92B | $1.43B | $1.51B | $1.45B | $1.78B | $1.42B | |
| Gross profit | $980.5M | $580.5M | $667.5M | $240.8M | $544.5M | $333.9M | |
| Operating income | $665.4M | $212.2M | $345.3M | $153.1M | $450.8M | $238.2M | |
| Net income | $432.3M | $110.8M | $177.7M | $62.5M | $419.7M | $89.2M | |
| Diluted EPS | $1.41 | $0.32 | $0.55 | $0.16 | $1.33 | $0.24 | |
| Gross margin | 50.9% | 40.6% | 44.1% | 16.6% | 30.5% | 23.5% | |
| Operating margin | 34.6% | 14.8% | 22.8% | 10.5% | 25.3% | 16.8% |
Fiscal years (4-quarter sums)FY21 $4.15B · FY22 $5.46B · FY23 $5.44B · FY24 $5.18B · FY25 $6.32B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $292.9M · Total debt $15.92B · Total assets $33.50B · Shareholders' equity $10.34B
Dividends
Last cut to $0.523 from $0.539 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Aug 3 | Aug 17 | $0.523 | cut from $0.539 |
| May 1, 2026 | May 1 | May 15 | $0.539 | raised from $0.5376 |
| Jan 30, 2026 | Jan 30 | Feb 13 | $0.5376 | raised from $0.5226 |
| Oct 31, 2025 | Oct 31 | Nov 14 | $0.5226 | cut from $0.5255 |
| Aug 1, 2025 | Aug 1 | Aug 15 | $0.5255 | cut from $0.526 |
| May 1, 2025 | May 1 | May 15 | $0.526 | raised from $0.50 |
| Jan 31, 2025 | Jan 31 | Feb 14 | $0.50 | cut from $0.52 |
| Nov 1, 2024 | Nov 1 | Nov 15 | $0.52 | cut from $0.537 |
Ownership
Shares outstanding 305.90M · Float 304.80M · 99.6% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 20.85M | 6.90% | 13G | Apr 24, 2026 |
| Bank of Montreal | 15.79M | 5.27% | 13G | Aug 6, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- NextEra Energy
Florida electric benchmark in generation, storage, and grid investment
- Duke Energy
Central Florida electric peer in solar, grid resilience, and generation
- Fortis
Cross-border regulated electric-and-gas peer across North America
- Chesapeake Utilities
Florida gas-distribution peer through Florida City Gas and FPU
- WEC Energy Group
Large U.S. regulated electric-and-gas peer competing for utility capital
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Emera | $49.87 | −0.06% | $15.26B | 21.9 | 26.5 | 2.6 | −28.8% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Duke Energy | $120.20 | −0.02% | $93.75B | 18.1 | 17.7 | 2.8 | +1.1% |
| Fortis | $54.88 | +0.38% | $27.83B | 23.9 | 21.6 | 3.1 | −0.2% |
| Chesapeake Utilities | $132.71 | +0.00% | $3.19B | 21.2 | 19.7 | 3.2 | +4.7% |
| WEC Energy Group | $106.22 | +0.01% | $34.60B | 20.6 | 19.9 | 3.4 | +2.6% |
| Median | 20.6 | 19.9 | 3.2 | +2.6% |