Emera Q2 2026 adjusted net income slips as higher interest and FX losses outweigh PGS gains, Bear Swamp uplift

Reuters2026/08/07 10:03

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Emera posted Q2 2026 net income attributable to common shareholders of CAD 105 million, down from CAD 135 million; adjusted net income fell to CAD 212 million from CAD 236 million.
Results were weighed by a CAD 88 million after-tax mark-to-market loss versus a CAD 29 million loss, mainly tied to corporate FX hedges.
Earnings also absorbed a CAD 19 million after-tax loss on the May sale of Grand Bahama Power, cutting quarterly contributions by CAD 7 million.
Underlying performance benefited from new base rates at Tampa Electric and Peoples Gas, stronger off-system sales, higher Bear Swamp equity earnings, higher trading margin.
Higher interest expense, corporate FX translation losses, weaker results at New Mexico Gas, softer quarterly trading results offset those gains; CAD strength cut net income by CAD 13 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Emera Inc. published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Emera Q2 2026 adjusted net income slips as higher interest and FX losses outweigh PGS gains, Bear Swamp uplift

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