Research analysts who have asked questions during Fortis earnings calls.
Maurice Choy
RBC Capital Markets
8 questions for FTS
Also covers: ATGFF, BIP, EMA +8 more
Robert Hope
Scotiabank
8 questions for FTS
Also covers: AQN, ATGFF, BEP +11 more
MJ
Mark Jarvi
CIBC Capital Markets
7 questions for FTS
Also covers: AQN, AY, BEP +7 more
BP
Ben Pham
BMO Capital Markets
5 questions for FTS
Also covers: AQN, EMA, EMRAF +3 more
JM
John Mould
TD Cowen
4 questions for FTS
Also covers: EMA, TAC
PK
Patrick Kenny
National Bank Financial
3 questions for FTS
Also covers: ATGFF, EMA, EMRAF +7 more
BP
Benjamin Pham
BMO Capital Markets
2 questions for FTS
Also covers: AQN, ATGFF, BEP +9 more
EJ
Eli Johnson
JPMorgan Securities LLC
2 questions for FTS
Richard Sunderland
JPMorgan Securities LLC
2 questions for FTS
Also covers: AES, AQN, ATO +9 more
James Ward
Jefferies
1 question for FTS
Also covers: DUK, HE, SR +1 more
LE
Linda Ezergailis
TD Cowen
1 question for FTS
Also covers: EMRAF, HRNNF
Ross Fowler
Bank of America
1 question for FTS
Also covers: AEP, BKH, D +11 more
Recent press releases and 8-K filings for FTS.
Fortis (FTS) and DEME Secure 25-Year Port of Paranaguá Concession
FTS
New Projects/Investments
- FTS Participações Societárias S.A. (FTS), in partnership with DEME, officially signed a 25-year concession contract on March 12, 2026, for Brazil’s port access channel at the Port of Paranaguá.
- The contract was secured with Brazil’s National Secretariat of Ports (SNP) and the National Waterway Transportation Agency (ANTAQ).
- The Paranaguá Port Channel Company SPE S.A., jointly owned by DEME and FTS, will carry out the full scope of works for the Port of Paranaguá, which is Brazil’s second-largest public port.
7 hours ago
Fortis Reports Strong 2025 Results, Announces New Capital Plan, and Leadership Change at ITC
FTS
Earnings
Guidance Update
New Projects/Investments
- Fortis reported Adjusted EPS of CAD 3.53 for 2025, an increase of CAD 0.25 compared to 2024.
- The company invested CAD 5.6 billion in capital during 2025 and rolled out a new CAD 28.8 billion five-year capital plan, projected to support 7% average annual rate base growth.
- Fortis increased its dividends paid per common share by 4% in 2025, marking 52 consecutive years of increases, and maintains a 4%-6% annual dividend growth guidance through 2030.
- Krista Tanner will succeed Linda Apsey as President and CEO of ITC next month.
Feb 12, 2026, 1:30 PM
Fortis Reports Strong 2025 Results, Outlines CAD 28.8 Billion Capital Plan
FTS
Earnings
New Projects/Investments
Guidance Update
- Fortis reported CAD 3.40 in reported EPS and CAD 3.53 in adjusted EPS for FY 2025, with Q4 2025 reported EPS at CAD 0.83. The company achieved a nearly 24% one-year total shareholder return in 2025.
- The company invested CAD 5.6 billion in capital in 2025 and introduced a new CAD 28.8 billion five-year capital plan, its largest to date, projecting 7% average annual rate base growth and supporting 4%-6% annual dividend growth guidance through 2030.
- Strategic growth opportunities include $3.3 billion-$3.8 billion in MISO LRTP projects at ITC post-2030 and potential new generation investments of $1.5 billion-$2 billion through 2030 for data centers in Arizona.
- Regulatory updates in Arizona include an Administrative Law Judge recommendation of a 9.57% ROE for UNS Gas and staff recommendation of a 9.75% ROE for TEP. S&P confirmed Fortis's A- issuer and BBB+ senior unsecured debt ratings, revising the outlook from negative to stable.
Feb 12, 2026, 1:30 PM
Fortis Reports Strong 2025 Results, Unveils CAD 28.8 Billion Capital Plan, and Affirms Dividend Growth
FTS
Earnings
Guidance Update
New Projects/Investments
- Fortis reported adjusted EPS of CAD 3.53 for 2025, an increase of CAD 0.25 over 2024.
- The company invested CAD 5.6 billion in capital in 2025 and introduced a CAD 28.8 billion five-year capital plan, projecting 7% average annual rate base growth through 2030.
- Fortis increased its dividend by 4% in 2025, marking 52 consecutive years of increases, and reaffirmed its 4%-6% annual dividend growth guidance through 2030.
- Key growth opportunities include an approved energy supply agreement for 300 MW for an Arizona data center, with negotiations for an additional 300 MW at the same site and 500-700 MW at a second site.
- Regulatory developments include a recommended allowed ROE of 9.57% for UNS Gas and 9.75% for TEP by staff, with ACC approval for UNS Gas expected in Q1 2026 and for TEP in fall 2026.
Feb 12, 2026, 1:30 PM
Fortis Inc. Reports Fourth Quarter & Annual 2025 Results
FTS
Earnings
Dividends
New Projects/Investments
- Fortis Inc. reported annual net earnings of $1.7 billion, or $3.40 per common share, for 2025, with annual adjusted net earnings per common share increasing to $3.53 from $3.28 in 2024.
- The company's capital expenditures totaled $5.6 billion in 2025, which increased the midyear rate base to $42.4 billion, representing 7% growth over 2024.
- Fortis announced a 4.1% increase in its fourth quarter common share dividend, marking 52 consecutive years of common share dividend increases.
- The 2026-2030 capital plan is $28.8 billion, which is expected to drive 7% annual rate base growth and support 4-6% annual dividend growth through 2030.
Feb 12, 2026, 11:00 AM
Fortis Announces 2025 Annual and Fourth Quarter Results
FTS
Earnings
Guidance Update
New Projects/Investments
- Fortis reported annual net earnings of $1.7 billion, or $3.40 per common share, and adjusted net earnings per common share of $3.53 for 2025, an increase from $3.28 in 2024.
- The company announced its largest five-year capital plan of $28.8 billion, which is expected to increase midyear rate base from $42.4 billion in 2025 to $57.9 billion by 2030, representing a 7% compound annual growth rate.
- Fortis increased its common share dividend by 4.1% in the fourth quarter, achieving 52 consecutive years of dividend increases, and projects annual dividend growth of 4-6% through 2030.
Feb 12, 2026, 11:00 AM
Fortis Inc. Announces Q3 2025 Adjusted EPS and New Five-Year Capital Plan
FTS
Earnings
Guidance Update
New Projects/Investments
- Fortis Inc. reported adjusted earnings per share of CAD 0.87 for Q3 2025.
- The company unveiled a new CAD 28.8 billion five-year capital plan, an increase of CAD 2.8 billion compared to the prior plan, which is expected to support 7% rate-based growth and 4%-6% annual dividend growth guidance through 2030.
- Following the completion of the sale of Fortis TCI and its investments in Belize, Fortis's portfolio is now 100% comprised of regulated assets.
- The capital plan's growth is largely driven by higher transmission investments, including a CAD 2 billion increase at ITC and a CAD 1 billion increase in transmission and distribution at UNS.
- Potential incremental opportunities beyond the base plan include $1.5 billion-$2 billion for new generation related to data centers in Arizona and approximately CAD 300 million for the Tilbury LNG storage expansion.
Nov 4, 2025, 1:30 PM
Fortis Inc. Reports Q3 2025 Adjusted EPS, Unveils New Five-Year Capital Plan, and Becomes 100% Regulated
FTS
Earnings
Guidance Update
New Projects/Investments
- Fortis Inc. reported adjusted earnings per share of CAD 0.87 for the third quarter of 2025.
- The company announced a new CAD 28.8 billion five-year capital plan, an increase of CAD 2.8 billion, which is expected to support 7% rate-based growth and 4%-6% annual dividend growth guidance through 2030.
- Following the sale of Fortis TCI in September and its investments in Belize in October, Fortis is now comprised of 100% regulated assets.
- The capital plan's growth is primarily driven by increased transmission investments at ITC (CAD 2 billion increase) and UNS (CAD 1 billion increase), with a reduction in generation investments at UNS due to the coal-to-natural gas conversion at Springville Generating Station.
- The capital plan is expected to be funded mainly by cash from operations, utility debt, and the dividend reinvestment plan, with average cash flow to debt metrics projected to be over 12% through the period.
Nov 4, 2025, 1:30 PM
Fortis Reports Q3 2025 Adjusted EPS, Unveils New Capital Plan, and Increases Dividend
FTS
Earnings
Guidance Update
Dividends
- Fortis reported adjusted earnings per share of $0.87 for Q3 2025 and $2.63 year-to-date September 2025.
- The company announced a new $28.8 billion five-year capital plan, an increase of $2.8 billion from the prior plan, which supports 7% rate-based growth and extends 4%-6% annual dividend growth guidance through 2030.
- Fortis completed the sale of Fortis TCI and its investments in Belize, resulting in the company now being comprised of 100% regulated assets.
- The board of directors declared a fourth quarter dividend of $0.64, representing a 4.1% increase.
Nov 4, 2025, 1:30 PM
Fortis Inc. Releases Third Quarter 2025 Results and New Five-Year Capital Outlook
FTS
Earnings
Guidance Update
New Projects/Investments
- Fortis reported third quarter 2025 net earnings of $409 million or $0.81 per common share, with adjusted net earnings per common share of $0.87.
- The company released a new 2026-2030 capital plan totaling $28.8 billion, an increase of $2.8 billion over the prior plan, which is expected to support 7.0% rate base growth annually through 2030.
- Fortis increased its fourth quarter common share dividend by 4.1% and extended its annual dividend growth guidance of 4-6% through 2030.
- Capital expenditures for 2025 are now expected to be approximately $5.6 billion, up from $5.2 billion previously anticipated.
Nov 4, 2025, 11:00 AM
Quarterly earnings call transcripts for Fortis.
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