Emera Incorporated reports developments across a North American energy-services portfolio that includes regulated electric and natural gas utilities, energy infrastructure, and related businesses in Canada, the United States, and the Caribbean. Recurring updates cover earnings, segment performance, regulatory outcomes, capital investment, foreign-exchange effects on U.S.-dollar earnings, and utility financing.
Company news also includes dividend declarations on common and First Preferred shares, reset and conversion terms for preferred-share series, debt issuance by subsidiaries such as Nova Scotia Power, and leadership changes within Emera Energy. Nova Scotia Power is described as Emera’s wholly owned regulated electric utility subsidiary providing generation, transmission, and distribution functions in Nova Scotia.
Emera (EMA) declared a quarterly dividend of $0.74 per common share, payable on and after November 13, 2026. The board also declared quarterly dividends on seven series of First Preferred Shares. All dividends are payable to the applicable shareholders of record at the close of business on October 30, 2026.
Emera (EMA) will release its Q3 2026 results and outline its five-year capital and funding plan on November 6, 2026. The release is scheduled before markets open. A teleconference and webcast will follow at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results. Live and archived audio will be available on the company’s website, with a replay available two hours after the call concludes.
Emera (EMA) signed a definitive all-share agreement with ATCO and Canadian Utilities to combine Emera and Canadian Utilities in a merger of equals. The acquisition of Canadian Utilities’ outstanding shares is valued at approximately $14.3 billion. ATCO’s industrial services business will be spun out as publicly traded New ATCO.
The combined company will operate as Emera, with expected enterprise value of approximately $72 billion and approximately $45 billion in rate base, the asset base used to set regulated returns. Existing Emera shareholders are expected to own approximately 60%; former ATCO and Canadian Utilities shareholders approximately 40%. The combined company plans a $32 billion capital program through 2030, supporting expected average annual rate base growth of 7% to 8%. Emera expects the transaction to increase adjusted earnings per share in the first full year after closing. Scott Balfour will remain CEO.
Emera (EMA) has approved an increase in its quarterly common dividend to $0.74 per share, marking its 20th consecutive year of dividend growth.
The annualized dividend is $2.96, up 1% from $2.93 per share. Emera says continued dividend growth is supported by forecasted 7-8% rate base growth and a 5-7% average adjusted earnings per share growth target through 2030. Adjusted earnings per share is a non-GAAP measure.
Bernhard Capital Partners, an infrastructure-focused private markets firm, has completed its previously announced acquisition of New Mexico Gas Company (NMGC) from Emera (TSX/NYSE: EMA). NMGC, headquartered in Albuquerque, is New Mexico's largest regulated natural gas utility and ranks among the nation’s top 40 by customer count.
NMGC serves energy to more than 553,000 homes and businesses, representing about 1.3 million customers, and operates with roughly 750 employees and over 12,000 miles of pipelines. Following approval by the New Mexico Public Regulation Commission, NMGC will retain its name, existing management team and Albuquerque headquarters.
The deal expands Bernhard’s portfolio of regulated utilities, which already includes National Water Infrastructure, Clear Current, Delta Gas Company and Magnolia Gas Company, and follows its earlier 2026 agreement to acquire Cleco (subject to approvals). Bernhard reports managing more than $6 billion in assets.
Emera (TSX/NYSE: EMA) announced that its previously disclosed transaction to sell New Mexico Gas Company (NMGC), a regulated natural gas utility based in Albuquerque, New Mexico, to Bernhard Capital Partners has officially closed. The sale was first announced on August 5, 2024.
Emera (TSX/NYSE: EMA) reported Q2 2026 adjusted net income of $212 million, or $0.69 per share, versus $236 million or $0.79 in Q2 2025. Reported net income was $105 million, or $0.34 per share, down from $135 million or $0.45 a year earlier.
According to Emera, the decline mainly reflected higher Corporate interest expense and FX losses, lower earnings at New Mexico Gas Company and NS Power, and the sale of Grand Bahama Power Company, including a $19 million loss on sale. Year-to-date adjusted net income rose to $627 million ($2.06 per share) from $615 million ($2.07 per share), while reported net income was $667 million ($2.19 per share) versus $718 million ($2.41 per share) in 2025, impacted by lower MTM gains.
Emera strengthened year-to-date operating cash flow by 8% and invested more than $1.7 billion in infrastructure in the first half of 2026, remaining on track for a $4 billion annual capital plan. The company stated it is positioned to exceed its 5–7% adjusted EPS growth target for 2026 and reiterated its 5–7% adjusted EPS growth objective through 2030.
Emera (TSX/NYSE: EMA) received final approval from the New Mexico Public Regulation Commission for the sale of New Mexico Gas Company (NMGC) to Bernhard Capital Partners. The transaction has an estimated aggregate value of about $1.25 billion USD and is expected to close in August 2026.
According to Emera, the sale should generate after-tax net proceeds of $650–$700 million USD, to be used for investment opportunities across its regulated utility businesses and for debt repayment. Emera acquired NMGC in 2016; NMGC operates over 19,300 km of pipeline and serves more than 553,000 customers across New Mexico.
Emera (TSX/NYSE: EMA) declared quarterly dividends on July 13, 2026, payable on and after August 17, 2026 to shareholders of record on August 3, 2026. The company set dividends of $0.7325 per common share and specific amounts for each First Preferred Share series (A, C, E, F, H, J, L). According to Emera, all declared dividends qualify as eligible dividends under the Income Tax Act (Canada) and corresponding provincial legislation.
Summary not available.