Emera Incorporated (EMA) AI Stock Analysis

Emera Incorporated, an energy and services company incorporated in 1998 and headquartered in Halifax, Canada, invests in the generation, transmission, and distribution of electricity across the United States, Canada, Barbados, and the Bahamas. The company operates through several segments: Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. Alongside electric utility assets, Emera engages in the purchase, transmission, distribution, and sale of natural gas, as well as physical energy marketing, trading, and energy asset management activities.

Emera grew its revenue at an 8.6% 5-year CAGR from FY2020 to FY2025. Annual revenue expanded from $5.76B in FY2021 to $8.30B in FY2025, though it experienced contractions of 0.3% in FY2023 and 4.8% in FY2024. Net income rebounded to $1.09B in FY2025 from $567.0M in FY2024, with net margin improving to 13.1%. However, gross margin dropped to 24.6% in FY2025 from 40.3% in FY2024. For the trailing twelve months ended June 30, 2026, revenue stood at $8.94B with an operating margin of 17.8%. In the latest quarter, revenue grew 1.2% year-over-year while quarterly earnings fell 24.4%.

As of June 30, 2026, Emera held $407.2M in cash and short-term investments against $22.13B in total debt, resulting in net debt of $21.72B. The debt-to-equity ratio stood at 1.54, with a current ratio of 0.73 and shareholders' equity of $14.38B. Operating cash flow in FY2025 was $1.80B, but capital expenditures of $3.53B led to free cash flow of -$1.73B. Emera paid $650.5M in dividends during FY2025, and its share count grew 17.2% over 5 years.

Emera trades at a trailing P/E of 20.8x and a forward P/E of 18.8x, compared to medians of 20.6x and 17.2x for its US-listed Utilities peer group. Its price-to-sales multiple is 1.6x, below the peer median of 2.4x, while EV/EBITDA stands at 12.6x versus the peer median of 12.1x. Over the past year, the stock returned 1.7%, trailing the S&P 500 (SPY) return of 16.8%. Over 5 years, Emera returned 30.7% compared to 83.0% for the S&P 500.

Emera offers an annual forward dividend of $2.09 per share, equating to a dividend yield of 4.37%. The company has paid dividends for 17 consecutive years, with an annualized 5-year dividend growth rate of 2.3%. Its payout ratio is 83.4%, and the last ex-dividend date was October 30, 2026.

Consensus analyst ratings comprise 2 Strong Buys, 2 Buys, and 8 Holds, with zero Sell recommendations. The mean price target is $53.00, representing an 11.1% upside compared to the last close of $47.72. For the current fiscal year ending December 31, 2026, analysts expect revenue of $8.86B and EPS of $2.64, which is 3.8% growth. Emera has beaten EPS estimates in 2 of the last 4 quarters, with its next earnings release scheduled for November 6, 2026.

This page is an AI-written research summary of Emera Incorporated (EMA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: EMA income statement, EMA balance sheet, EMA key metrics, EMA analyst forecast, EMA chart. See the EMA stock overview for the latest quote and news.