Emera Incorporated (ERRAF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Emera Incorporated (ERRAF) trades at $18.24 with AI Score 51/100 (Grade B). Emera Incorporated is a diversified energy and services company focused on regulated electricity generation, transmission, and distribution. The company serves approximately 1. Market cap: $12.8B, Sector: Utilities.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for ERRAF: ERRAF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ERRAF against Utilities peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
ERRAF: 2/3 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Emera Incorporated (ERRAF) Utility Operations & Dividend Profile
Emera Incorporated is a leading North American energy company focused on regulated electricity and gas utilities, boasting a diverse portfolio of assets across North America and the Caribbean. With a focus on sustainable energy solutions and infrastructure development, Emera serves a large customer base, providing stable returns and growth opportunities.
What Is the Investment Thesis for ERRAF?
Emera Incorporated presents a compelling investment case based on its stable, regulated business model and strategic focus on growth opportunities within the energy sector. The company's diverse portfolio of assets across North America and the Caribbean provides a degree of insulation from regional economic fluctuations. With a current dividend yield of 3.97%, Emera offers an attractive income stream for investors. Key value drivers include continued investment in renewable energy projects and infrastructure upgrades, which are expected to drive earnings growth in the long term. Upcoming regulatory approvals for infrastructure projects represent potential catalysts for stock appreciation. Potential risks include regulatory changes and fluctuations in commodity prices, which could impact profitability. The company's beta of 0.49 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
ERRAF Key Highlights
Market capitalization of $12.8B, reflecting its significant presence in the utilities sector.
- P/E ratio of 20.17, indicating a valuation in line with industry peers.
- Profit margin of 13.1%, demonstrating efficient operations and profitability.
- Gross margin of 24.6%, highlighting the company's ability to manage costs effectively.
- Dividend yield of 3.97%, offering an attractive income stream for investors.
Who Are ERRAF's Competitors?
ERRAF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AEE Ameren Corporation | $109.32 | +0.04% | $30.3B | 58 |
| CKISY CK Infrastructure Holdings Limited | $38.94 | -6.49% | $19.6B | 45 |
| CRPJF China Resources Power Holdings Company Limited | $2.44 | +0.00% | $12.6B | 50 |
| ELIAF Elia Group SA/NV | $154.75 | +0.00% | $16.9B | 52 |
| FORFF Fortis Inc. | $15.73 | +0.00% | $8.01B | 52 |
| KEP Korea Electric Power Corporation (KEP) | $11.23 | +0.45% | $14.4B | 51 |
| EMA Emera Incorporated | $51.78 | +0.29% | $15.8B | 54 |
| OGE OGE Energy Corp. | $46.93 | -0.28% | $9.69B | 83 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ERRAF's Key Strengths?
Stable, regulated business model.
- Diversified asset base across North America and the Caribbean.
- Strong presence in key markets.
- Commitment to renewable energy and infrastructure modernization.
What Are ERRAF's Weaknesses?
Exposure to regulatory changes.
- Dependence on commodity prices.
- Potential for weather-related disruptions.
- Capital-intensive operations.
What Could Drive ERRAF Stock Higher?
Investments in renewable energy projects are expected to drive earnings growth.
- Regulatory approvals for infrastructure projects could lead to stock appreciation.
- Expansion of natural gas infrastructure is expected to increase revenue.
- Strategic acquisitions could enhance market share and profitability.
What Are the Key Risks for ERRAF?
Financial-distress signal — its Altman Z-Score of 0.66 sits in the distress zone (elevated bankruptcy risk).
- Regulatory changes could impact profitability.
- Fluctuations in commodity prices could affect earnings.
- Weather-related disruptions could impact operations.
- Cybersecurity threats could compromise data and infrastructure.
- The company operates in a capital-intensive industry, requiring significant investments.
What Are the Growth Opportunities for ERRAF?
- Expansion of Renewable Energy Portfolio: Emera is actively investing in renewable energy projects, including wind, solar, and hydro, to reduce its carbon footprint and meet growing demand for clean energy. The global renewable energy market is projected to reach $2.15 trillion by 2030, presenting a significant growth opportunity for Emera. These projects are expected to come online over the next 3-5 years, contributing to increased earnings and improved environmental performance.
- Infrastructure Modernization: Emera is undertaking significant investments to modernize its transmission and distribution infrastructure, improving reliability and efficiency. Aging infrastructure requires upgrades, creating a multi-billion dollar market opportunity. These upgrades are expected to reduce outages and improve customer satisfaction, leading to increased revenue and customer retention over the next decade.
- Strategic Acquisitions: Emera has a track record of strategic acquisitions to expand its geographic footprint and diversify its asset base. The utilities sector is consolidating, creating opportunities for Emera to acquire smaller players and expand its market share. These acquisitions are expected to be accretive to earnings within 2-3 years, enhancing shareholder value.
- Growth in Natural Gas Infrastructure: Emera's natural gas infrastructure segment is poised for growth, driven by increasing demand for natural gas as a cleaner alternative to coal. The natural gas market is expected to grow at a steady pace, driven by increasing demand from power plants and industrial users. Emera's pipeline network provides a competitive advantage, allowing it to capitalize on this growth over the next 5-10 years.
- Caribbean Market Expansion: Emera has a strong presence in the Caribbean, serving customers in Barbados, Grand Bahama, and Dominica. These markets offer significant growth potential, driven by increasing electricity demand and the need for infrastructure upgrades. Emera is well-positioned to capitalize on these opportunities, leveraging its existing infrastructure and expertise over the next decade.
What Threats Does ERRAF Face?
- Increasing competition from renewable energy providers.
- Changes in government policies and regulations.
- Economic downturns.
- Cybersecurity threats.
What Are ERRAF's Competitive Advantages?
- Regulated utility operations provide a stable and predictable revenue stream.
- Diverse portfolio of assets across North America and the Caribbean reduces risk.
- Strong presence in key markets, including Florida and Nova Scotia.
- Investments in renewable energy and infrastructure modernization enhance competitiveness.
What Does ERRAF Do?
Emera Incorporated, established in 1998 and headquartered in Halifax, Canada, is a prominent energy and services company operating primarily in the regulated electricity and gas utility sectors. The company's origins lie in the privatization of Nova Scotia Power, marking its initial foray into electricity generation, transmission, and distribution. Over the years, Emera has strategically expanded its footprint through acquisitions and organic growth, extending its reach across North America and the Caribbean. Its operations are divided into segments including Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, and Gas Utilities and Infrastructure. Emera generates electricity from a diverse mix of sources, including coal, natural gas, hydro, wind, and solar. The company provides electricity to approximately 810,600 customers in West Central Florida, 536,000 customers in Nova Scotia, and significant customer bases in the Caribbean islands of Barbados, Grand Bahama, and Dominica. Additionally, Emera is involved in the purchase, transmission, distribution, and sale of natural gas, serving approximately 445,000 customers in Florida and 542,000 customers in New Mexico. Emera also operates a 145-kilometer pipeline that transports re-gasified liquefied natural gas from Saint John, New Brunswick, to consumers in the northeastern United States. The company also provides insurance and reinsurance services to Emera and its affiliates, as well as offers financing services.
What Products and Services Does ERRAF Offer?
- Generates electricity through various sources, including coal, natural gas, hydro, wind, and solar.
- Transmits and distributes electricity to residential, commercial, and industrial customers.
- Purchases, transmits, distributes, and sells natural gas.
- Provides energy marketing, trading, and other energy asset management services.
- Transports re-gasified liquefied natural gas through its pipeline network.
- Offers insurance and reinsurance services to Emera and its affiliates.
- Provides financing services.
How Does ERRAF Make Money?
- Generates revenue through regulated electricity and gas tariffs.
- Earns income from energy marketing and trading activities.
- Receives fees for pipeline transportation services.
- Derives revenue from insurance and reinsurance services.
What Industry Does ERRAF Operate In?
Emera operates within the regulated utilities sector, which is characterized by stable demand and regulated pricing. The industry is undergoing a significant transformation, driven by the increasing adoption of renewable energy sources and the modernization of aging infrastructure. Emera is well-positioned to capitalize on these trends, with its investments in renewable energy projects and its focus on upgrading its transmission and distribution networks. Competitors include AEE, CKISY, CRPJF, ELIAF, and FORFF, each vying for market share in different regions and segments of the utility market. The industry is expected to grow at a moderate pace, driven by increasing electricity demand and the need for infrastructure upgrades.
Who Are ERRAF's Key Customers?
- Residential customers in Florida, Nova Scotia, and the Caribbean.
- Commercial and industrial customers in Florida, Nova Scotia, and the Caribbean.
- Power plants and industrial users of natural gas.
- Affiliates requiring insurance and reinsurance services.
Company Profile
Emera Incorporated operates in the Regulated Electric industry within the Utilities sector. It is headquartered in Halifax, CA. The company is led by CEO Scott Carlyle Balfour. ERRAF has traded publicly since 2017.
Key Financial Metrics
Return on equity for Emera Incorporated stands at 7.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.2%, showing how much profit it generates from its asset base. ERRAF trades at a trailing price-to-earnings ratio of 21.35, above the Utilities sector average of ~19x. Its free cash flow yield is -8.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.07 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 4.7%, the inverse of the P/E and a quick read on earnings relative to price.
ERRAF Valuation & Market Position
With a $12.8B market cap, Emera Incorporated sits in the large-cap segment of the market. Relative to its peer group, ERRAF's quantitative score of 51/100 is roughly in line with the peer average of 51/100.
Quarterly Financial Performance: Emera Incorporated
Revenue for Emera Incorporated came in at $2.01B during Q2 2026, a 28.5% contraction versus the preceding quarter. The company recorded net income of $124.0M, with diluted EPS of $0.35. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Utilities. Across the four most recent quarters, ERRAF averaged $0.80 in diluted EPS.
Financial Health
Emera Incorporated's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.66 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
Emera Incorporated has beaten Wall Street's EPS estimate in 6 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 8.9% above estimates on average.
Forward Outlook
Wall Street analysts project Emera Incorporated revenue of about $9.03B for fiscal 2026, with EPS near $3.79. The estimate reflects 6 contributing analysts.
ERRAF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Stable, regulated business model.
- Diversified asset base across North America and the Caribbean.
- Strong presence in key markets.
- Commitment to renewable energy and infrastructure modernization.
Bear Case
- Exposure to regulatory changes.
- Dependence on commodity prices.
- Potential for weather-related disruptions.
- Capital-intensive operations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $2.01B | $124M | $0.35 |
| Q1 2026 | $2.81B | $584M | $1.85 |
| Q4 2025 | $1.53B | $86M | $0.22 |
| Q3 2025 | $2.11B | $247M | $0.76 |
Based on FMP financials and quantitative analysis
ERRAF Latest News
No recent news available for ERRAF.
ERRAF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ERRAF.
Price Targets
Wall Street price target analysis for ERRAF.
ERRAF MoonshotScore
What does this score mean?
The MoonshotScore rates ERRAF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Scott Carlyle Balfour
President and Chief Executive Officer
Scott Balfour is the President and Chief Executive Officer of Emera Incorporated. He has extensive experience in the energy sector, having held various leadership positions within Emera and its subsidiaries. His career includes roles in finance, operations, and strategy. Balfour holds a Bachelor of Commerce degree from Saint Mary's University and is a Chartered Professional Accountant (CPA).
Track Record: Under Scott Balfour's leadership, Emera has focused on strategic growth through infrastructure investments and renewable energy projects. He has overseen the expansion of Emera's operations in Florida and the Caribbean, as well as the modernization of its transmission and distribution networks. Balfour has also emphasized sustainability and environmental responsibility, driving the company's transition to cleaner energy sources.
ERRAF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Emera Incorporated (ERRAF) may have limited regulatory oversight and reporting requirements compared to companies listed on major exchanges like the NYSE or NASDAQ. Companies in this tier often have minimal financial disclosure, which can increase investment risk. Trading on the OTC Other tier means ERRAF does not meet the listing requirements of higher-tier OTC markets or national exchanges, potentially due to financial constraints, regulatory issues, or lack of investor interest.
- OTC Tier: OTC Other
- Limited financial disclosure increases information asymmetry and investment risk.
- Lower trading volume can lead to price volatility and difficulty in executing trades.
- Reduced regulatory oversight may increase the risk of fraud or mismanagement.
- OTC stocks may be more susceptible to market manipulation.
- Potential for delisting or suspension of trading due to non-compliance with OTC market rules.
- Verify the company's registration and regulatory filings.
- Review available financial statements and assess their accuracy.
- Research the company's management team and their track record.
- Evaluate the company's business model and competitive landscape.
- Assess the liquidity of the stock and potential trading challenges.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- Emera Incorporated is an established energy company with a long operating history.
- The company has a diverse portfolio of assets and operations across North America and the Caribbean.
- Emera is subject to regulatory oversight in the jurisdictions where it operates.
- The company has a publicly available website and investor relations materials.
- Emera pays a dividend, indicating a commitment to returning value to shareholders.
Common Questions About ERRAF (Utilities)
What does the AI Score mean for ERRAF?
ERRAF holds an AI Score of 51/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. Emera Incorporated is a diversified energy and services company focused on regulated electricity generation, transmission, and distribution. The company serves approximately 1.9 million customers …
What does Emera Incorporated do?
Emera Incorporated is a diversified energy and services company that generates, transmits, and distributes electricity and natural gas to customers across North America and the Caribbean. The company operates through various segments, including Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, and Gas Utilities and Infrastructure.
What do analysts say about ERRAF stock?
Analyst consensus on ERRAF stock is mixed, with some analysts highlighting the company's stable, regulated business model and attractive dividend yield. Key valuation metrics, such as the P/E ratio and price-to-book ratio, are generally in line with industry peers. Growth considerations include Emera's investments in renewable energy and infrastructure upgrades, as well as its strategic acquisitions.
What are the main risks for ERRAF?
The main risks for Emera Incorporated include regulatory changes, which could impact the company's profitability and investment plans. Fluctuations in commodity prices, particularly natural gas and oil, could affect earnings. Weather-related disruptions, such as hurricanes and storms, could damage infrastructure and disrupt operations. Cybersecurity threats pose a risk to the company's data and infrastructure.
What are the key factors to evaluate for ERRAF?
Emera Incorporated (ERRAF) holds an AI score of 51/100 (moderate). Emera Incorporated presents a compelling investment case based on its stable, regulated business model and strategic focus on growth opportunities within the energy sector. Not financial advice.
How frequently does ERRAF data refresh on this page?
ERRAF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven ERRAF's recent stock price performance?
Emera Incorporated (ERRAF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Stable, regulated business model. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ERRAF overvalued or undervalued right now?
Emera Incorporated (ERRAF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research ERRAF before investing?
Before investing in Emera Incorporated (ERRAF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- Analyst opinions may vary.
- Investment decisions should be based on individual risk tolerance and financial goals.