Overview

* Emera ( EMA ) Q2 adjusted EPS grows 49% yr/yr, beating analyst expectations

* Company's reported EPS flat at C$0.45 due to NMGC sale charges

* Growth driven by Tampa Electric, Emera Energy Services, and NMGC

Outlook

* Emera ( EMA ) commits to 5%-7% annual average EPS growth through 2027

* Company expects 7%-8% rate base growth through 2029

* Emera ( EMA ) highlights capital investment needs for infrastructure reliability

Result Drivers

* FLORIDA WEATHER - Favorable weather conditions in Florida contributed to earnings growth, per CEO Scott Balfour

* CUSTOMER GROWTH - Increased earnings at Tampa Electric driven by customer growth and new base rates

* LOWER CORPORATE COSTS - Decreased corporate costs supported higher adjusted net income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$0.79 C$0.65

Adjusted (12

EPS Analysts

)

Q2 EPS C$0.45

Q2 C$236

Adjusted mln

Net

Income

Q2 Net C$135

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "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$65.00, about 1.7% below its August 7 closing price of C$66.11

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

Press Release:

(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.)