Emera Reports 2026 Third Quarter Financial Results and Unveils $21.5 Billion Five-Year Capital Plan
Emera reported Q3 2026 adjusted EPS of $0.85 (vs $0.88 prior year) and reported EPS of $0.59 (vs $0.76), with adjusted net income dipping to $260 million on higher corporate costs and the GBPC sale. The utility unveiled a $21.5 billion five-year capital plan expected to drive 7.5%-8.5% rate base growth through 2030, raised from 7-8%, with ~82% of spend directed to Florida including large-load tariff filings tied to data center demand. Emera increased its dividend for the 20th consecutive year and said 2026 adjusted EPS growth will exceed its 5-7% target range.
Key figures
- Eps
- 0.59
- Guidance
- 2026 adjusted EPS growth above the 5-7% target range; 5-7% adjusted EPS growth through 2030; $4B 2026 capital plan on track
- Adjusted eps
- 0.85
- Eps prior year
- 0.76
- Capital plan 5yr
- $21.5 billion
- Rate base growth
- 7.5%-8.5% through 2030 (raised from 7-8%)
- Adjusted net income q3
- $260 million
- Reported net income q3
- $182 million
- Adjusted eps prior year
- 0.88
- Ytd adjusted net income
- $887 million ($2.90/share vs $2.94 prior year)
- Ytd reported net income
- $849 million ($2.78/share vs $3.17 prior year)
- Florida capital allocation
- ~82%
- Operating cash flow ytd growth
- 7%
- Securitization filing nova scotia
- $1B
AI analysis
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