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Research Alert: Ema Q1: Florida, Gas Utilities Offset Canadian Headwinds For Adj. Eps Growth

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Emera reported Q1 2026 adjusted EPS of CAD1.37, up 7% from the prior year, while deploying CAD870M of its CAD4.0B capital program and delivering 6% operating cash flow growth. Management expects to exceed the 5%-7% adjusted EPS growth guidance range for full-year 2026. The company announced an agreement to divest its 100% interest in Grand Bahama Power Company during the quarter. Florida Electric delivered strong performance with CAD180M in adjusted net income, up 10%, benefiting from new base rates and off-system sales at Tampa Electric. Gas Utilities contributed CAD136M, up 13%, as Peoples Gas Systems realized gains from new rate structures. Canadian Electric Utilities faced headwinds with adjusted net income of CAD86M, down 29% from CAD121M, due to lower tax recovery, elevated storm restoration costs, and higher depreciation. The stronger Canadian dollar created translation headwinds of CAD17M on adjusted net income.

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