Emera Inc. on Aug. 12 reported second-quarter 2019 adjusted net income of C$130 million, or 54 Canadian cents per basic share, improving from C$111 million, or 48 Canadian cents basic per share, in the year-ago quarter.
The S&P Global Market Intelligence normalized consensus EPS estimate for the quarter was 52 Canadian cents.
Year-to-date operating cash flow, before changes in working capital, totaled C$775 million, from C$767 million in the 2018 period.
GAAP net income attributable to common shareholders grew to C$103 million, or 43 Canadian cents per basic share, from C$90 million, or 38 Canadian cents per basic share, a year earlier.
"We have made significant progress on strengthening our balance sheet and optimizing our allocation of capital among our businesses," Emera President and CEO Scott Balfour said. "While near-term earnings will be impacted by asset sales, these efforts reinforce our confidence to deliver long-term earnings and dividend growth for our shareholders."