Emera renews C$600 million at-the-market equity program

Emera Incorporated (TSX/NYSE: EMA) announced it has renewed its at-the-market equity program, allowing the company to issue up to C$600 million of common shares from treasury to the public at varying prices and timing at its discretion.

The Halifax-based energy services provider can sell shares through the Toronto Stock Exchange, New York Stock Exchange, or other marketplaces where its shares trade. The program runs until January 5, 2029, unless terminated earlier.

Emera entered into an equity distribution agreement dated December 5, 2025, with six financial institutions serving as agents. The Canadian agents include BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., and Scotia Capital Inc. The U.S. agents are BMO Capital Markets Corp., RBC Capital Markets, LLC, and Scotia Capital (USA) Inc.

The company stated it intends to use net proceeds from any share sales for general corporate purposes. The volume and timing of any distributions under the program will be determined at Emera's sole discretion.

Emera filed prospectus supplements with Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission in connection with the program renewal.

The energy company serves approximately 2.6 million customers across Canada, the United States, and the Caribbean through its regulated electric and natural gas utilities. Emera employs about 7,600 people and trades on both the Toronto Stock Exchange and New York Stock Exchange.

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