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.
Key figures
- Eps
- 0.92
- Eps Beat
- 0
- Revenue
- 0
- Guidance
- New 2027-2031 capital plan of $32.2B (+$3.4B vs prior), 7.5% rate base CAGR to $63.9B by 2031, 4-6% annual dividend growth guidance extended through 2031; 2026 capex raised to ~$6.0B from $5.6B
- Revenue Yoy
- 0
- Ytd capex
- $4.2 billion
- Q3 2025 eps
- 0.81
- Rate base 2031
- $63.9B
- Q3 net earnings
- 474000000
- Ytd net earnings
- 1371000000
- Dividend increase
- 4%
- Recommended tep roe
- 9.65%
- Q3 2025 adjusted eps
- 0.87
- Five year capital plan
- $32.2B
- Q4 common dividend per share
- 0.665
AI analysis
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