Fewer moving parts. Same wires-and-poles capex
Emera Inc. (TSX: EMA, NYSE: EMA) reported second-quarter 2026 results on August 7. Adjusted earnings were $212 million, or $0.69 per share, versus $0.79 a year earlier. Reported EPS was $0.34. Year-to-date adjusted net income was $627 million and operating cash flow strengthened 8 percent versus the first half of 2025.
CEO Scott Balfour said Emera completed its portfolio optimization strategy in the first half, including regulatory approval and closing of the New Mexico Gas Company sale and the earlier Grand Bahama Power sale. After-tax proceeds from New Mexico Gas are expected around $650 million to $700 million, with use directed at debt reduction and regulated utility investment.
Emera invested more than $1.7 billion on behalf of customers in the first half and remains on track for a $4 billion 2026 capital plan focused on Florida and Atlantic Canada grid modernization.