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Emera's Q1 Adjusted Net Income Climbs YoY

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-- Emera (EMA.TO)'s first-quarter adjusted net income increased year over year due to higher earnings from its Emera Energy Services, Peoples Gas Systems and Tampa Electric units, the company said on Friday.

Adjusted net income was C$415 million, or $1.37 per share, up from 379 million, or $1.28 per share. The result beat the earnings per share consensus estimate of $1.20 as compiled by FactSet.

The company is on track to deliver 2026 adjusted EPS growth above the guidance range of 5-7% annualized.

"Emera delivered a solid first quarter, with important regulatory outcomes, disciplined capital deployment and record results at Emera Energy, contributing to our strong start," said Scott Balfour, President and Chief Executive Officer of Emera.

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