EMERA INC (EMA) Form 6-K — Aug 7, 2026
Emera filed its Q2 2026 results on Form 6-K, reporting operating revenues of CAD 2,011 million and net income attributable to common shareholders of CAD 105 million (basic EPS CAD 0.34), down from CAD 135 million (CAD 0.45) a year earlier. The decline was driven by an CAD 88 million after-tax mark-to-market loss and a CAD 19 million after-tax loss on the completed sale of Grand Bahama Power Company. Six-month operating revenues rose CAD 160 million to CAD 4,824 million, with adjusted net income up slightly to CAD 627 million from CAD 615 million and adjusted EBITDA up to CAD 1,969 million from CAD 1,835 million. Operating cash flow nearly doubled to CAD 1,402 million from CAD 799 million.
Key figures
- Eps
- CAD 0.34 basic Q2 2026 (Q2 2025: CAD 0.45); CAD 2.19 basic six months 2026 (2025: CAD 2.41)
- Revenue
- CAD 2,011 million Q2 2026 (Q2 2025: CAD 1,988 million); CAD 4,824 million six months 2026 (2025: CAD 4,664 million)
- Guidance
- Average adjusted EPS growth of five to seven per cent through 2030 using 2024 base year; annual dividend growth guidance of one to two per cent; EES 2026 adjusted net income expected at USD 60-80 million (vs typical USD 15-30 million); NSPI expects to earn below allowed ROE in 2026
- Net Income
- CAD 105 million Q2 2026 attributable to common shareholders (Q2 2025: CAD 135 million); CAD 667 million six months 2026 (2025: CAD 718 million)
- Total Debt
- CAD 19,587 million total long-term debt including current portion (excluding NMGC held-for-sale balances); short-term debt CAD 2,530 million
- Revenue Yoy
- +CAD 23 million in Q2; +CAD 160 million six months (excluding MTM impacts: +CAD 44 million and +CAD 247 million)
- Total Assets
- CAD 46,556 million at June 30, 2026 (December 31, 2025: CAD 44,817 million)
- Cash Position
- CAD 396 million cash and equivalents at June 30, 2026 (CAD 400 million including held-for-sale cash per MD&A)
- Shares Outstanding
- 307.2 million as at August 5, 2026
- Atm program h1
- 2,657,496 shares at average CAD 69.89 for gross proceeds of CAD 186 million; CAD 414 million remaining capacity
- Adjusted eps q2
- CAD 0.69 (Q2 2025: CAD 0.79)
- Adjusted ebitda h1
- CAD 1,969 million (H1 2025: CAD 1,835 million)
- Gbpc loss after tax
- CAD 19 million (CAD 0.06 per share) on May 12, 2026 close
- Mtm loss after tax q2
- CAD 88 million (Q2 2025: CAD 29 million loss)
- Nmgc enterprise value
- USD 1.3 billion, closing expected August 2026
- Adjusted net income q2
- CAD 212 million (Q2 2025: CAD 236 million)
- Capital plan 2026 2030
- CAD 20.4 billion, ~80% in Florida utilities
- Dividends per share q2
- CAD 0.7325 declared
- Operating cash flow h1
- CAD 1,402 million (H1 2025: CAD 799 million)
- March 2026 debt issuances
- USD 750 million 6.65%/6.85% junior subordinated notes due 2056 plus USD 750 million senior notes (4.50% due 2029, 5.20% due 2033)
- Consecutive years dividend increases
- 19
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