{"id":2889,"date":"2026-05-08T15:06:00","date_gmt":"2026-05-08T13:06:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=ae6afdb142fc7c47720e06c7a6ee7dd8"},"modified":"2026-05-08T15:06:00","modified_gmt":"2026-05-08T13:06:00","slug":"emera-reports-2026-first-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=2889","title":{"rendered":"Emera Reports 2026 First Quarter Financial Results"},"content":{"rendered":"<p>HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today, May 8, 2026, Emera Inc. (\u201cEmera\u201d) (TSX\/NYSE: EMA) reported 2026 first quarter financial results<sup>1<\/sup>.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260508649853\/en\/622808\/5\/emeralogo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260508649853\/en\/622808\/22\/emeralogo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260508649853\/en\/622808\/5\/emeralogo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260508649853\/en\/622808\/21\/emeralogo.jpg\" \/><\/a><p>\n<b>Highlights<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nDelivered a 7% increase in adjusted earnings per share<sup>2<\/sup> (\u201cEPS\u201d), with $1.37 in Q1 2026, compared to $1.28 in Q1 2025, and reported EPS of $1.85 compared to $1.96 in Q1 2025.<\/li>\n<li>\nOn track to deliver 2026 adjusted EPS<sup>2<\/sup> growth above our earnings guidance range of 5-7%<sup>3<\/sup> annualized.<\/li>\n<li>\nCapital plan on track: Deployed more than $870 million of our $4.0 billion 2026 capital plan.<\/li>\n<li>\nDelivered a 6% increase to operating cash flow compared to Q1 2025.<\/li>\n<li>\nEmera entered into an agreement to sell its 100% interest in Grand Bahama Power Company.<\/li>\n<\/ul><p>\n\u201cEmera delivered a solid first quarter, with important regulatory outcomes, disciplined capital deployment and record results at Emera Energy, contributing to our strong start,\u201d said Scott Balfour, President and CEO of Emera Inc. \u201cThis performance furthers our confidence in delivering 5\u20137% average adjusted EPS\u00b2 growth through 2030\u00b3 and positions us to exceed that range in 2026. Across our portfolio, our investments remain focused on reliability and managing cost impacts for customers.\u201d<\/p><p>\n<b>Q1 2026 Financial Results<\/b><\/p><p>\nQ1 2026 adjusted net income attributable to common shareholders (\u201cadjusted net income\u201d)<sup>2<\/sup> was $415 million, or $1.37 per common share, compared to $379 million, or $1.28 per common share, in Q1 2025. The increase was primarily due to higher earnings from Emera Energy Services (\u201cEES\u201d), Peoples Gas Systems, Inc. (\u201cPGS\u201d) and Tampa Electric Company (\u201cTEC\u201d). These were partially offset by lower earnings from Nova Scotia Power Inc. (\u201cNSPI\u201d), the impact of a stronger Canadian dollar (\u201cCAD\u201d) and higher corporate costs.<\/p><p>\nQ1 2026 reported net income was $562 million, or $1.85 per common share, compared to net income of $583 million, or $1.96 per common share, in Q1 2025.<\/p><p>\nIn Q1 2026, the translation impacts of a stronger CAD on USD denominated earnings decreased adjusted net income<sup>2<\/sup> by $17 million and decreased reported net income by $30 million, compared to the same period in 2025. These impacts include the effect of FX hedges used to mitigate translation risk of USD earnings, which are included in Corporate in the Other segment.<\/p><ol class=\"bwlistdecimal\">\n<li>\n<i>Financial information is presented in CAD unless otherwise specified.<\/i><\/li>\n<li>\n<i>See \u201cNon-GAAP Financial Measures and Ratios\u201d noted below and \u201cSegment Results and Non-GAAP Reconciliation\u201d below for reconciliation to nearest USGAAP measure.<\/i><\/li>\n<li>\n<i>Adjusted EPS growth guidance uses 2024 as base year<\/i>.<\/li>\n<\/ol><p>\n<b>Segment Results and Non-GAAP Reconciliation<\/b><\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFor the<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\nThree months ended March 31<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nmillions of Canadian dollars (except per share amounts)<\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2025<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted net income<\/b><sup>1,2<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFlorida Electric Utility<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>180<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n164<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCanadian Electric Utilities<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>86<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n121<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nGas Utilities and Infrastructure<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>136<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n120<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther Electric Utilities<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>8<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n-<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther<sup>3<\/sup><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(26)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted net income<sup>1,2<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>415<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n379<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nMTM gain, after-tax<sup>4<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>147<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n204<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income attributable to common shareholders<\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>562<\/b><\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n583<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nEPS (basic)<\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1.85<\/b><\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1.96<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth80\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted EPS (basic)<sup>1,2<\/sup><\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1.37<\/b><\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwwidth3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth7\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1.28<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"5\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i><sup>1<\/sup> See \u201cNon-GAAP Financial Measures and Ratios\u201d noted below.<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"5\" rowspan=\"1\"><i><sup>2<\/sup> Excludes the effect of Mark-to-Market (\u201cMTM\u201d) adjustments.<\/i><\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"5\" rowspan=\"1\"><i><sup>3<\/sup> Higher earnings, quarter-over-quarter, primarily due to higher contributions from EES and increased income tax recovery at corporate, partially offset by increased corporate OM&amp;G and interest expense.<\/i><\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"5\" rowspan=\"1\"><i><sup>4<\/sup> Net of income tax expense of $61 million for the three months ended March 31, 2026 (2025 - $84 million tax expense).<\/i><\/td>\n<\/tr>\n<\/table><p>\n<b>Consolidated Financial Review\n<br\/><\/b>The following table highlights significant changes in adjusted net income from 2025 to 2026.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFor the<\/p><\/td><td class=\"bwpadl0 bwnowrap\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\nThree months ended<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nmillions of Canadian dollars<\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwpadl0 bwnowrap\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignr\">\nMarch 31<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted net income \u2013 2025<\/b><sup>1,2<\/sup><\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>379<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Operating Unit Performance<\/b><\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncreased earnings at EES due to favourable market conditions that led to higher natural gas prices and increased volatility that created profitable opportunities<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n36<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncreased earnings at PGS due to higher revenue from new base rates and higher off-system sales, partially offset by higher income tax expense and the impact of a stronger CAD<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n18<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncreased earnings at TEC primarily due to higher revenue from new base rates and off-system sales, partially offset by the impact of a stronger CAD and higher depreciation<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDecreased earnings at NSPI due to lower income tax recovery as a result of higher investment tax credits in 2025 ($16 million) and higher operating, maintenance and general expenses (\u201cOM&amp;G\u201d) primarily reflecting higher storm restoration and power generation costs, and higher depreciation expense, partially offset by higher sales volumes<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(36)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Corporate<\/b><\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncreased OM&amp;G, pre-tax, primarily due to lower gain on the long-term incentive hedge and increased costs as a result of the New York Stock Exchange listing<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(12)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncreased interest expense, pre-tax, due to increased total debt, partially offset by lower interest rates<\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(7)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncreased income tax recovery primarily due to an increased loss before provision for income taxes and increased deferred income tax asset valuation allowance adjustment<\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n6<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Other Variances<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n15<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth89\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted net income \u2013 2026<\/b><sup>1,2<\/sup><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwpadl0 bwwidth5\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwvertalignt bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>415<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i><sup>1<\/sup> See \u201cNon-GAAP Financial Measures and Ratios\u201d noted below and \u201cSegment Results and Non-GAAP Reconciliation\" for reconciliation to nearest US GAAP measure.<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\"><i><sup>2<\/sup> Excludes the effect of MTM adjustments, net of tax.<\/i><\/td>\n<\/tr>\n<\/table><p>\n<b><sup>1<\/sup>Non-GAAP Financial Measures and Ratios<\/b><\/p><p>\nEmera uses financial measures that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities. Emera calculates the non-GAAP measures and ratios by adjusting certain GAAP measures for specific items. Management believes excluding these items better distinguishes the ongoing operations of the business. For further information on the non-GAAP financial measure, adjusted net income, and the non-GAAP ratio, adjusted EPS \u2013 basic, refer to the \"Non-GAAP Financial Measures and Ratios\" section of Emera\u2019s Q1 2026 MD&amp;A, which is incorporated herein by reference and can be found on SEDAR+ at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedarplus.ca&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.sedarplus.ca&amp;index=1&amp;md5=383866051ec1b65dafa8cc59f602f4b4\" rel=\"nofollow\" shape=\"rect\">www.sedarplus.ca<\/a> and on EDGAR at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=9959d19f2663675e32f275602a2b841c\" rel=\"nofollow\" shape=\"rect\">www.sec.gov<\/a>. Reconciliation to the nearest GAAP measure is included in \u201cSegment Results and Non-GAAP Reconciliation\u201d above.<\/p><p>\n<b>Forward-Looking Information<\/b><\/p><p>\nThis news release contains forward-looking information within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of applicable US securities laws including, without limitation, the U.S. Private Securities Litigation Reform Act of 1995 (collectively, \u201cforward-looking information\u201d) with respect to Emera, including without limitation, statements about the Company\u2019s expectations regarding future growth, including plans to target an average adjusted EPS<sup>1 <\/sup>growth rate of 5 to 7 per cent through 2030 and expectations to exceed that range in 2026; the Company\u2019s capital plans being on track for 2026; the Company\u2019s ongoing focus on reliability and managing customer cost impacts; and its plans to sell GBPC. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management\u2019s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera\u2019s assumptions may not be correct and that actual results may differ materially from those expressed or implied by such forward-looking information. The forward-looking information in this news release is made only as of the date of thereof, and except as required by law, Emera disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, future events or otherwise. Additional detailed information about these assumptions, risks and uncertainties is included in Emera\u2019s securities regulatory filings, including under the heading \u201cEnterprise Risk and Risk Management\u201d in Emera\u2019s annual Management\u2019s Discussion and Analysis, and under the heading \u201cPrincipal Financial Risks and Uncertainties\u201d in the notes to Emera\u2019s annual and interim financial statements, which can be found on SEDAR+ at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedarplus.ca&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.sedarplus.ca&amp;index=3&amp;md5=34ec313db9e4fad702a671de295e9334\" rel=\"nofollow\" shape=\"rect\">www.sedarplus.ca<\/a> and on EDGAR at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=4&amp;md5=4ebe1eda68dc15546657913d25bea4b3\" rel=\"nofollow\" shape=\"rect\">www.sec.gov<\/a>.<\/p><p>\n<b>Teleconference Call<\/b><\/p><p>\nThe company will be hosting a teleconference today, Friday, May 8, 2026, at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the Q1 2026 financial results.<\/p><p>\nAnalysts and other interested parties in North America are invited to participate by dialing 1-800-717-1738. International parties are invited to participate by dialing 1-289-514-5100. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.<\/p><p>\nA live and archived audio webcast of the teleconference will be available on the Company's website, <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.emera.com&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.emera.com&amp;index=5&amp;md5=88fe69c8543679a71484530bb31c29e6\" rel=\"nofollow\" shape=\"rect\">www.emera.com<\/a>. A replay of the teleconference will be available on the Company\u2019s website two hours after the conclusion of the call.<\/p><p>\n<b>About Emera<\/b><\/p><p>\nEmera (TSX\/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera\u2019s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange. Additional information can be accessed at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.emera.com&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.emera.com&amp;index=6&amp;md5=399e514f916ef82d4efda51e33f7936c\" rel=\"nofollow\" shape=\"rect\">www.emera.com<\/a>, on SEDAR+ at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedarplus.ca&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.sedarplus.ca&amp;index=7&amp;md5=6ec65ee56103b308b7262f84947c7455\" rel=\"nofollow\" shape=\"rect\">www.sedarplus.ca<\/a> and on EDGAR at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54531966&amp;newsitemid=20260508649853&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=8&amp;md5=cd72b571a84d75d672c64aa84e3d47ac\" rel=\"nofollow\" shape=\"rect\">www.sec.gov<\/a>.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<b>Emera Inc.<\/b><br\/><b>Investor Relations<\/b><br\/>Dave Bezanson, SVP, Capital Markets\n<br\/>902-233-2674\n<br\/><a  href=\"mailto:dave.bezanson@emera.com\" rel=\"nofollow\" shape=\"rect\">dave.bezanson@emera.com<\/a><\/p><p>\n<b>Emera Inc.<\/b><br\/><b>Media<\/b><br\/>Emera Corporate Communications\n<br\/><a  href=\"mailto:media@emera.com\" rel=\"nofollow\" shape=\"rect\">media@emera.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>HALIFAX, Nova Scotia&#8211;(BUSINESS WIRE)&#8211;Today, May 8, 2026, Emera Inc. (\u201cEmera\u201d) (TSX\/NYSE: EMA) reported 2026 first quarter financial results1.<br \/>\nHighlights<\/p>\n<p>Delivered a 7% increase in adjusted earnings per share2 (\u201cEPS\u201d), with $1.37 in Q1 2026, compared&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2889","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2889"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2889\/revisions"}],"predecessor-version":[{"id":2890,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2889\/revisions\/2890"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}