Fortis Inc. (FTS) Fortis Inc. is a prominent North American utility enterprise, delivering essential electricity and natural gas services across Canada, the United States, and various Caribbean nations. In the realm of electricity, the company supplies power to roughly 438,000 retail consumers in southeastern Arizona and an additional 100,000 retail customers in Arizona's Mohave and Santa Cruz counties. Its total generating capacity in these regions reaches 3,485 megawatts (MW), which includes 53 MW from solar installations and 252 MW from wind facilities. Beyond retail operations, Fortis is also a wholesale electricity vendor to other entities throughout the western United States. The company further possesses 65 MW of power generation from its own gas-fired and hydroelectric plants. Regarding its natural gas operations, Fortis serves approximately 1,065,000 residential, commercial, and industrial clients in British Columbia, Canada. In other Canadian territories, Fortis manages the electricity distribution network for approximately 577,000 customers across southern and central Alberta, and operates four hydroelectric facilities with a combined output of 225 MW. Additionally, it provides operational, maintenance, and management expertise for five other hydroelectric generating stations. The utility also ensures electricity supply to the island portion of Newfoundland and Labrador, featuring an installed generating capacity of 143 MW, and to Prince Edward Island, which has a capacity of 130 MW. Its integrated electric utility services extend to about 68,000 customers in Ontario, approximately 272,000 in Newfoundland and Labrador, around 32,000 on Grand Cayman in the Cayman Islands, and roughly 16,000 on select islands within Turks and Caicos. Internationally, Fortis holds long-term contracts for generation assets in Belize, comprising three hydroelectric plants totaling 51 MW, and owns the Aitken Creek natural gas storage facility. Its extensive infrastructure includes approximately 90,200 circuit kilometers (km) of electricity distribution lines and about 50,500 km of natural gas pipelines. Fortis Inc. was established in 1885 and maintains its corporate headquarters in St. John's, Canada.
Sector: Electric Services
Industry: Regulated Electric
Fortis Inc. NYSE:FTS Utilities · Regulated Electric
Mkt Cap $31B
Div Yield 3.08%
CLOSED · Nov 6 $60.10 CLOSED · Nov 6 Prev close $61.18 Close $60.10 0.00% AH close $60.10 VOL 1.39M $ Vol $83.76M RVOL 1.28x
Mkt Cap $31B
VOL 1.39M sh
$ Vol $83.76M
RVOL 1.28×
Div Yield 3.08%
Press Release ● Major ⚠ 3
Fortis Inc. Releases Third Quarter 2026 Results, New Five-Year Capital Outlook and 4% Increase in Fourth Quarter Dividend
Fortis reported Q3 2026 net earnings of $474 million, or $0.92 per common share, up from $0.81 GAAP and $0.87 adjusted in Q3 2025, driven by rate base growth and stronger UNS Energy retail sales.
The company unveiled a record $32.2 billion 2027-2031 capital plan, $3.4 billion above the prior plan, supporting 7.5% rate base growth to $63.9 billion by 2031, with upside from a US$1.0B Iowa transmission win at ITC and Tilbury Phase 2 LNG approval in British Columbia.
The board raised the fourth quarter common dividend 4% to $0.665 per share and extended 4-6% annual dividend growth guidance through 2031.
In Arizona, an administrative law judge recommended a 9.65% allowed ROE for Tucson Electric Power, with ACC approval anticipated later in November.
• 5d ago AI analysis › Press Release
Advisory: Fortis Inc. to Hold Teleconference and Webcast on November 3 to Discuss Third Quarter 2026 Results and New Five-Year Capital Outlook
Fortis Inc. will release its third quarter 2026 financial results and new five-year capital outlook for 2027-2031 on Tuesday, November 3, 2026, with a teleconference and webcast the same day at 8:30 a.m. Eastern.
CEO David Hutchens and CFO Jocelyn Perry will discuss the results and capital outlook on the call.
This is a scheduling advisory with no financial results; the five-year capital outlook announcement could be a modest catalyst for the regulated utility.
• 13d ago AI analysis › Press Release
Fortis Inc. to Hold Teleconference and Webcast on November 3 to Discuss Third Quarter 2026 Results and New Five-Year Capital Outlook
Fortis Inc. will release its third quarter 2026 financial results and a new five-year capital outlook for 2027-2031 on Tuesday, November 3, 2026.
A teleconference and webcast will be held that day at 8:30 a.m. Eastern, hosted by CEO David Hutchens and CFO Jocelyn Perry.
The release is a scheduling notice only; the notable item to watch on the call is the new five-year capital plan.
• 1mo ago AI analysis › Press Release ⚠ 1
Fortis Inc. Announces Pricing of Fixed-to-Fixed Rate Junior Subordinated Notes
Fortis has priced a US$1 billion public offering of junior subordinated notes in two tranches: US$500 million at 6.625% and US$500 million at 6.875%, both due March 30, 2057.
The firm-commitment offering is co-led by Morgan Stanley, MUFG Securities Americas, Wells Fargo Securities and BofA Securities, with a broader nine-firm syndicate, and is expected to close on September 21, 2026 subject to customary conditions.
Fortis will use net proceeds to repay maturing indebtedness and for general corporate purposes — a routine refinancing for the regulated utility, which reported 2025 revenue of $12 billion and $79 billion in total assets as of June 30, 2026.
• 1mo ago AI analysis › Press Release
Fortis Inc. Releases Second Quarter 2026 Results
Fortis reported second quarter net earnings of $396 million, or $0.78 per share, compared to $0.76 per share in the prior year, driven by rate base growth and higher retail electricity sales.
The company invested $2.7 billion in capital expenditures during the first half of 2026 and secured approval for the Phase 1B expansion of the Tilbury LNG Facility with a cost allowance of up to $2.2 billion.
Management reaffirmed its dividend growth guidance of 4-6% annually through 2030, supported by a five-year capital plan expected to drive a 7% compound annual growth rate in rate base.
• 3mo ago AI analysis › Press Release
Fortis Inc. Announces Third Quarter Dividends – 2026
Fortis Inc. declared a dividend of $0.64 per share on its common shares, payable September 1, 2026, to shareholders of record on August 19, 2026.
The Board also set quarterly dividends for seven series of First Preference Shares, ranging from $0.23542 to $0.3826875 per share.
All dividends have been designated as eligible for federal and provincial dividend tax credit purposes.
• 3mo ago AI analysis › Press Release
Advisory: Fortis Inc. to Hold Teleconference and Webcast on July 31 to Discuss Second Quarter 2026 Results
Fortis Inc. announced that it will release its second quarter 2026 financial results on July 31, 2026, followed by a teleconference and webcast at 8:30 a.m. Eastern time.
President and CEO David Hutchens and CFO Jocelyn Perry will host the call to discuss the company's quarterly performance.
Shareholders and analysts can access the live event via the Fortis website or participate by phone using the provided domestic and international dial-in numbers.
• 3mo ago AI analysis › Press Release
Fortis Inc. to Hold Teleconference and Webcast on July 31 to Discuss Second Quarter 2026 Results
Fortis Inc. announced that it will release its second quarter 2026 financial results on Friday, July 31, 2026, followed by a teleconference and webcast at 8:30 a.m. Eastern time.
CEO David Hutchens and CFO Jocelyn Perry will host the call to discuss the financial results, with access available via the company's website or by dial-in.
A replay of the teleconference will be available two hours after the conclusion of the call until August 31, 2026.
• 4mo ago AI analysis › Press Release
Muskrat Dam First Nation Energized by Wataynikaneyap Power
Wataynikaneyap Power, in partnership with Fortis Inc., announced the energization of Muskrat Dam First Nation, connecting the remote community to the Ontario power grid and ending its reliance on diesel generators.
This milestone marks the 16th of 17 remote First Nations to be connected via the 1,800 km transmission system, with construction of the current EPC contract now completed.
Fortis CEO David Hutchens highlighted the achievement as a powerful example of partnership, noting that the project enables reliable, clean electricity and new opportunities for growth.
• 4mo ago AI analysis › Press Release
Fortis Inc. Releases First Quarter 2026 Results
Fortis reported first quarter 2026 net earnings of $501 million, or $0.99 per share, consistent with expectations and reflecting strength across its diversified utility businesses.
The company invested $1.4 billion in capital expenditures during the quarter, keeping its $5.6 billion annual plan on track, while securing approval for the UNS Gas general rate application.
Management reaffirmed its outlook for 4-6% annual dividend growth through 2030, driven by a projected 7% compound annual growth rate in rate base to $57.9 billion by 2030.
• 6mo ago AI analysis › Press Release
Advisory: Fortis Inc. to Hold Teleconference and Webcast on May 6 to Discuss First Quarter 2026 Results and Hold Annual Meeting on May 7
Fortis announced it will release its first quarter 2026 financial results on May 6, 2026, followed by a teleconference and webcast at 8:30 a.m. Eastern.
The company will also hold its 2026 Annual Meeting of Shareholders on May 7, 2026, offering both in-person attendance at the Fortis Energy Centre and online participation.
Management highlighted that the utility operates with 2025 revenue of $12 billion and total assets of $75 billion, serving customers across five Canadian provinces, ten U.S. states, and the Cayman Islands.
• 6mo ago AI analysis › 
