Emera stock holds steady as New Mexico exit reshapes earnings mix

Published on 09/21/2026 at 21:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Emera stock reflects a reshaped portfolio after the August 12, 2026 sale of New Mexico Gas Company, while adjusted EPS for 2025 stayed nearly flat at USD 2.06 against USD 2.07 in 2024. The utilities invested USD 1.7 billion in the first half of 2026 toward a USD 4 billion capital plan for the year.

EMA, CA2908761018, Illustration mit AI erstellt.

Emera Inc. stock (ISIN CA2908761018) is trading against a backdrop of portfolio reshaping and steady earnings, after the Canadian utility group completed the sale of New Mexico Gas Company on August 12, 2026 and increased capital spending across its regulated businesses.

Sale of New Mexico Gas reshapes earnings profile

According to InsiderMonkey on September 20, 2026, Emera finished selling New Mexico Gas Company, an Albuquerque-based regulated gas utility, to Bernhard Capital Partners on August 12, 2026, which removes a non-core asset from its portfolio while leaving overall earnings sensitive to other segments.

The same source reports that Emera’s utilities invested more than USD 1.7 billion in the first half of 2026, with management indicating they are on track to deploy a total of USD 4.0 billion in capital in 2026, underscoring a push into regulated infrastructure and grid upgrades as the company pivots away from the divested gas operations.InsiderMonkey

Segment earnings and EPS comparison

In its Florida electric utility business, Emera earned USD 441 million in adjusted profit during the first six months of 2026, up from USD 424 million in the same period a year earlier, helped by new base rates and stronger off-system sales, highlighting mid-single-digit profit growth in one of its largest regulated markets.InsiderMonkey

At the group level, Emera’s adjusted earnings per share for fiscal year 2025 came in at USD 2.06, essentially flat compared with USD 2.07 in 2024, a contrast to management’s ambition to exceed its 5 percent to 7 percent target range for adjusted EPS growth in 2026.InsiderMonkey

The same analysis notes that in a recent period earnings per share were USD 0.34 versus USD 0.45 a year earlier, with mark-to-market losses increasing and the sale of Grand Bahama Power resulting in a USD 19 million loss, showing how portfolio transactions and non-cash items can weigh on reported results even as regulated operations continue to grow.InsiderMonkey

Valuation context and investor perspective

As of September 18, 2026, Emera is cited as trading at 18.94 times forward earnings, indicating that the market is pricing the utility for steady growth rather than dramatic earnings swings and giving investors a valuation benchmark relative to its long-term 5 percent to 7 percent adjusted EPS growth target.InsiderMonkey

Management has reiterated that it is positioned to beat that 5 percent to 7 percent annual target range for adjusted EPS growth in 2026 and remains committed to the same range through 2030, offering income-oriented investors a long-term roadmap even as near-term reported EPS figures show the drag from disposals and market-related items.InsiderMonkey

Stock price and trading venue

On the last completed trading day referenced, Emera stock traded on the Toronto Stock Exchange in Canadian dollars, with investors weighing the nearly flat adjusted EPS outcome of USD 2.06 for 2025 against the company’s higher capital spending of USD 1.7 billion in the first half of 2026 and the plan to reach USD 4.0 billion for the full year.