Overview

* Emera ( EMA ) Q3 adjusted EPS grows 9% yr/yr, beating analyst expectations

* Company unveils C$20 bln five-year capital plan, focusing 80% on Florida investments

* Strong operational performance at Tampa Electric drives Q3 results

Outlook

* Emera ( EMA ) plans C$20 bln capital investment from 2026-2030, focusing on Florida

* Company extends 7-8% rate base growth guidance through 2030

* 80% of capital plan directed towards Florida investments

Result Drivers

* TAMPA ELECTRIC PERFORMANCE - Strong operational performance at Tampa Electric drove Q3 adjusted EPS growth

* REGULATORY CLARITY - Completion of Peoples Gas rate case provides regulatory clarity through 2028

* FLORIDA INVESTMENTS - C$20 bln capital plan focuses 80% on Florida, emphasizing grid modernization and infrastructure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$0.88 C$0.87

Adjusted (8

EPS Analysts

)

Q3 EPS C$0.76

Q3 C$263

Adjusted mln

Net

Income

Q3 Net C$228

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy."

* Wall Street's median 12-month price target for Emera Inc ( EMA ) is C$69.00, about 2.1% above its November 6 closing price of C$67.52

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)