Emera is a geographically diverse energy and services company with operations in Nova Scotia, the US, and the Caribbean. It provides services to about 2.6 million customers. Emera has been one of the sector’s top performers this year, with the shares up about 27% so far in 2025.
Income Investor
The company reported a strong second quarter with adjusted net income of $236 million ($0.79 per share), compared with $151 million ($0.53 per share) in the same period of 2024. The increase was primarily due to increased earnings at Tampa Electric, Emera Energy Services, and New Mexico Gas Company, and lower corporate costs. Year-to-date adjusted net income was $615 million ($2.07 per share), compared with $367 million ($1.28 per share) for the first six months of 2024. In September, Emera announced a small 1% increase to its quarterly dividend, bringing it to $0.7325 per share ($2.93 a year). It marks the 19th consecutive year the company has increased its payout. The company said it remains committed to its 5% to 7% annual average adjusted EPS growth guidance through 2027 and 7% to 8% forecasted rate base growth through 2029. - Gordon Pape
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EMA was first recommended here on October 10, 2015