Emera Inc. (EMA.TO) reported that its first-quarter net income increased to C$122.8 million from last year's C$80.2 million, with net income per share increasing to C$0.93 from C$0.65 last year.
Adjusted net income for the quarter increased 41.1% to C$115.4 million from C$81.8 million in the same quarter last year. Adjusted net income was C$0.88, up from C$0.66 last year. Analysts polled by Thomson Reuters expected the company to report earnings of C$0.67 per share for the quarter. Analysts' estimates typically exclude special items.
Adjusted net income excludes after-tax mark-to-market gains of C$7.4 million, compared to C$1.6 million loss in the prior year, and included after-tax gains of C$18.1 million realized on Algonquin Power and Utilities Corp subscription receipts, compared to no gain in the prior year.
Revenues for the quarter were C$638.1 million, up 12% from C$568.0 million in the year ago quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.