Emera Reports Q3 2026 Earnings and Announces Expanded $21.5 Billion Five-Year Capital Plan
Emera Inc. (EMA) reported third-quarter adjusted earnings of $260 million, a 3% decrease compared to the previous year, with an adjusted EPS of $0.85. While quarterly performance was modestly below last year's figures due to higher operating expenses at New Mexico Gas prior to its sale, the company saw a 7% year-to-date increase in operating cash flow. The company unveiled an expanded five-year capital plan totaling $21.5 billion through 2031, representing a 5% increase over previous projections. A significant portion of this investment—82%—is earmarked for Florida to support grid modernization and rising demand from data centers. Emera also highlighted long-term growth targets, including a consolidated rate base growth projection of 7.5% to 8.5% through 2031.
Topics: capital expenditure plan earnings report rate base growth utility infrastructure