Fortis Inc. (FTS) Form 6-K — Nov 3, 2026
Fortis Inc. released Q3 2026 results with net earnings of $474 million or $0.92 per share, up from $0.81 in Q3 2025, driven primarily by rate base growth across its utilities and stronger results at UNS Energy. The company unveiled a new $32.2 billion 2027-2031 capital plan, $3.4 billion higher than the prior plan and the largest in Fortis history, supporting 7.5% rate base growth through 2031 with rate base rising from $45.3 billion to $63.9 billion.
Key figures
- Eps
- 0.92
- Revenue
- 3115000000
- Net Income
- 474000000
- Revenue Yoy
- 177000000
- Total Assets
- 81722000000
- Cash Position
- 1883000000
- Ytd revenue
- 9449000000
- Atm remaining
- $237 million
- Rate base 2026
- 45300000000
- Rate base 2029
- 55800000000
- Rate base 2031
- 63900000000
- Shelf remaining
- $98 million
- Ytd net earnings
- 1371000000
- Dividend increase
- 4%
- Rate base cagr 5yr
- 7.5%
- Capex 2026 expected
- approximately $6.0 billion (up from $5.6 billion)
- Tep recommended roe
- 9.65%
- Adjusted eps q3 2025
- 0.87
- Adjusted eps q3 2026
- 0.92
- Atm shares issued q3
- 3.4 million at average $77.17 per share for ~$260 million net
- Q4 dividend per share
- 0.665
- Operating cash flow q3
- 1301000000
- Dividend growth guidance
- 4-6% annually through 2031
- Tep common equity component
- 55.5%
- Itc iowa competitive project
- US$1.0 billion (US$0.5 billion in plan)
- Capital plan increase vs prior
- 3400000000
- Five year capital plan 2027 2031
- 32200000000
- Junior subordinated notes issued
- US$1.0 billion
- Tilbury phase2 potential investment
- $2 billion to $4 billion
AI analysis
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