Emera Q2 2026 adjusted net income slips as higher interest and FX losses outweigh PGS gains, Bear Swamp uplift
EMA•Emera reports lower Q2 net income and adjusted net income
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.
Gains from operations were offset by higher costs and losses
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, and higher trading margin. Higher interest expense, corporate FX translation losses, weaker results at New Mexico Gas, softer quarterly trading results, and CAD strength, which cut net income by CAD 13 million, offset those gains.
