Emera Inc T.EMA.PR.C

Emera Reports 2020 Second Quarter Financial Results

[Thanh]

Today Emera (TSX: EMA) announced financial results for the second quarter of 2020.

Q2 2020 and Year-to-Date Highlights:

Reported Net Income

• Q2 2020 reported net income was $58 million, or $0.24 per common share, compared with net income of $103 million, or $0.43 per common share, in Q2 2019.
• Year-to-date reported net income was $581 million, or $2.37 per common share, compared with net income of $415 million, or $1.75 per common share, in the 2019 period.

Adjusted Net Income ⁽¹⁾

• Q2 2020 adjusted net income was $118 million, or $0.48 per common share, compared with $130 million, or $0.54 per common share, in Q2 2019.
• Year-to-date adjusted net income was $311 million, or $1.27 per common share, compared with $354 million, or $1.49 per common share, in the 2019 period.

"As our communities continue to deal with the challenges of the global pandemic, our employees remain focused on safely providing the essential energy to our customers," says Scott Balfour, President and Chief Executive Officer of Emera. "Our businesses delivered solid financial results this quarter and as we look forward, Emera remains committed to our long-term strategy and capital program which are focused on safely delivering cleaner, affordable and reliable energy."

Details here: https://ca.finance.yahoo.com/news/emera-reports-2020-second-quarter-095700913.html

[TimeBuilder]

Expected much better....Still a long term holding for dividend  ..donot see much future growth going forward...spending may increase due to extreme weather & reported damage....Hope EMA has insurance to cover....Will wait to see the next few Q's for a turn around as this is a regulated business IMO ....Regards to ALL investors, TimeBuilder

[when2buy]

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