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Morningstar’s Analysis

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Economic Moat




Emera's Florida Utilities Support Second-Quarter Earnings

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are maintaining our CAD 54 per share fair value estimate after Emera reported second-quarter adjusted earnings per share of CAD 0.48 per share, down from CAD 0.54 last year. Much of the EPS decline is attributed to asset sales, mainly the divestiture of its merchant generation and regulated utility in Maine. Adjusting for these sales, normalized EPS was CAD 0.49. Our narrow moat and stable moat trend ratings remain unchanged.

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Company Profile

Business Description

Emera is geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.

5151 Terminal Road
Halifax, NS, B3J 1A1, Canada
T +1 902 425-8611
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 7,418