Emera Incorporated (EMA)

NYSE: EMA · Electric Services · Halifax, NS · filing with the SEC since 2000

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Grade5.1

◀ Past 5.5● Present 4.8▶ Future 5.2

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Emera Incorporated

Nine metrics read from its own filings, by tense

Headline grade

5.1/10

◀ Past5.525% of the headline

● Present4.845% of the headline

▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

6.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 66th percentile among 59 sector filers · read for itself

From the record

Emera Incorporated's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.3/10

What has it actually done, year after year?

+8.3% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 53rd percentile among 51 sector filers · read for its customers

From the record

Emera Incorporated's 10 filed years say what it did: revenue went from CAD 4.3 billion in fiscal 2016 to CAD 8.8 billion in fiscal 2025, up 8.3% a year; it rose in 5 of 9 years; the deepest fall was 16% from fiscal 2018 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span8.3%top 23% of its family
the share of years revenue rosebottom 21% of its family
the share of filed years with a profittop 17% of its family
the deepest fall from a revenue peak15.6%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

4.1/10

How has it treated the people who own it?

Share count grew 4.1% a year. 24% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 41st percentile among 39 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Emera Incorporated's diluted share count grew about 4.1% a year, and dividends and buybacks returned about 24% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 23% of its family
cash returned against operating cash flowtop 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.8/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.6/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 70%: owes 70¢ per asset dollar.

weight 45% of this tense · 46th percentile among 53 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Emera Incorporated earned about 8 cents of profit for every dollar of shareholders' money. Leverage: it owed about 70 cents per dollar of assets, and net share issuance: its share count grew 3.6% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 49% of its family
return on equitytop 48% of its family
the share count against the year beforebottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.4/10

How strong is its position in its industry?

top 46% of 52 in its family; net margin 12.4%.

weight 33% of this tense · 54th percentile among 52 sector filers · read for its customers

From the record

Emera Incorporated's standing among 52 graded names in its industry family: revenue of CAD 8.8 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 12.4% ranks in the top 41%; revenue growth of 5% a year over the last 3 filed years ranks in the bottom 49% (its annual reports).

What it rests on

net margin12.4%top 41% of its family
three-year revenue growth5.0%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.5/10

What are the people in charge doing?

SI estimate 4.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 33 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 33 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 33 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Emera Incorporated's leadership is put at 4.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 33 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate

1.8/10

How much room does it have to grow?

SI estimate 1.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 18th percentile among 58 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, cash from operations less capital spending against revenue, which ranks in the bottom 18% of 58 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read: The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned: one part: cash from operations less capital spending against revenue, the one part on file, ranked among 58 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Emera Incorporated's room to expand is put at 1.8 of 10 with a confidence of 35 of 100, because read from one part only, cash from operations less capital spending against revenue, which ranks in the bottom 18% of 58 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed

5.7/10

What could actually drive growth from here?

top 43% of 51 in its family for growth drivers.

weight 45% of this tense · 57th percentile among 51 sector filers · read for its customers

From the record

Emera Incorporated's growth drivers, from the filed years to fiscal 2025: revenue grew 5% a year over the last three filed years against 8.3% over all 10, slowing (bottom 38% of its family); the newest year grew 21.9% (top 9%); capital spending grew 10.8% a year (bottom 41%) (its annual reports). Emera Incorporated reported 5 lines of business in fiscal 2025: Florida Electric Utility at CAD 4.3 billion (49%), Canadian Electric Utilities at CAD 1.9 billion (22%), Gas Utilities and Infrastructure at CAD 1.7 billion (20%), and 2 more; 4 of 4 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-3.3 points a yearbottom 38% of its family
the newest year's revenue growth21.9%top 9% of its family
three-year growth of capital spending10.8%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.9/10

Did its newest year beat what its own record pointed to?

top 31% of 49 in its family for expectations against reality.

weight 33% of this tense · 69th percentile among 49 sector filers · read for its shareholders

From the record

Emera Incorporated's newest year against its own record: revenue of CAD 8.8 billion in fiscal 2025 came in 25.1% above the CAD 7.0 billion its prior three years' pace pointed to (top 3% of its family); net income of CAD 1.1 billion against a prior three-year average of CAD 874 million (top 40%); a net margin of 12.4% against 11.7% before (top 50%) (its annual reports).

What it rests on

revenue against the prior three years' pace25.1%top 3% of its family
net income against the prior three years' average+25%top 40% of its family
net margin against its prior average+0.8 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EMA · research, not advice