Emera Incorporated Common Shares (EMA) Covered Calls

Emera Inc. is a geographically diverse energy and services company that owns and operates a portfolio of rate-regulated electric and gas utilities. Its primary operations include Tampa Electric in Florida and Nova Scotia Power in Atlantic Canada, alongside utility assets in New Mexico and the Caribbean. Emera focuses on cleaner energy transition through grid modernization, renewable integration, and battery storage to provide reliable, low-carbon energy to its 2.6 million customers.

You can sell covered calls on Emera Incorporated Common Shares to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for EMA (prices last updated Tue 4:16 PM ET):

Emera Incorporated Common Shares (EMA) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
51.00 -0.20 48.32 53.30 333K 19 6.3
Covered Calls For Emera Incorporated Common Shares (EMA)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Mar 20 50 1.00 52.30 -4.4% -64.2%
Apr 17 50 0.30 53.00 -5.7% -39.3%
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Core Business and Products

Emera Inc. (EMA) operates a portfolio of high-quality, regulated energy companies that deliver electricity and natural gas to residential, commercial, and industrial customers across North America and the Caribbean. The company’s largest revenue driver is Tampa Electric, a vertically integrated utility in Florida, followed by Nova Scotia Power and New Mexico Gas Company. Emera’s business model is centered on "rate-regulated" assets, which provide predictable earnings and cash flows supported by stable regulatory environments. The firm also holds strategic investments in electricity transmission through the Maritime Link and the Labrador-Island Link, facilitating the movement of renewable energy across provincial borders.

In early 2026, Emera announced a leadership transition to align its head office with long-term environmental priorities, appointing former Nova Scotia Power CEO Peter Gregg as Executive VP of Strategy and Policy. The company manages a massive $20 billion five-year capital plan (2025–2029) focused on grid resilience and "hardened" infrastructure. Key technological tools include "Self-Healing" circuitry and AI-driven predictive maintenance drones used for transmission line inspections. Approximately 96% of the company’s adjusted net income is derived from its regulated investments, ensuring a defensive profile against market volatility.

Competitive Landscape

Emera competes in the utility sector with other large-scale power generators and distributors, particularly those focused on the transition to net-zero carbon emissions. Within the NYSE and NASDAQ, primary competitors with active, liquid options chains include Fortis Inc., NextEra Energy, DTE Energy, and Alliant Energy. In the broader multi-utility space, it also shares market similarities with Eversource Energy. While Canadian Utilities is a peer, it is often referenced as a regional rival alongside private crown corporations like Hydro-Québec.

Strategic Outlook and Innovation

Emera’s strategic roadmap for 2026 is anchored by its "Cleaner Energy" and "Reliability" initiatives. The company is aggressively scaling its solar capacity in Florida, aiming to reach 1.6 GW of installed solar by the end of 2026, while concurrently phasing out coal generation in Nova Scotia by 2030. A major innovation pillar for 2026 involves "Undergrounding" programs—moving distribution lines below ground at a rate of 100 miles per year in storm-prone regions to reduce outage risks from extreme weather events. The firm is also testing hydrogen-blending pilots at its New Mexico Gas facilities to explore low-carbon gaseous fuels.

Financially, Emera targets a 7% to 8% annualized rate base growth through 2029, supported by its multi-billion dollar capital expenditure program. The company remains committed to its 19-year streak of dividend increases, targeting a 1% to 2% annual dividend growth rate through 2027. Strategic priorities include maintaining a strong investment-grade credit rating and optimizing capital allocation toward its highest-growth markets in Florida. By leveraging AI usage-estimation tools for customers and expanding its "Smart Grid" capabilities, Emera aims to balance the costs of the energy transition with long-term affordability for its diverse customer base.