Research analysts who have asked questions during Fortis earnings calls.
Maurice Choy
RBC Capital Markets
6 questions for FTS
Also covers: ATGFF, BIP, EMA +7 more
Robert Hope
Scotiabank
6 questions for FTS
Also covers: AQN, ATGFF, BEP +10 more
MJ
Mark Jarvi
CIBC Capital Markets
5 questions for FTS
Also covers: AQN, AY, BEP +6 more
BP
Ben Pham
BMO Capital Markets
3 questions for FTS
Also covers: EMA, EMRAF, ENB +2 more
PK
Patrick Kenny
National Bank Financial
3 questions for FTS
Also covers: ATGFF, EMRAF, ENB +5 more
BP
Benjamin Pham
BMO Capital Markets
2 questions for FTS
Also covers: AQN, ATGFF, BEP +8 more
JM
John Mould
TD Cowen
2 questions for FTS
Also covers: EMA, TAC
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: HE, SR, SWX
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 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
DMG Blockchain Solutions Announces Partnership with Malahat Nation for Indigenous-Led Utility and AI Infrastructure
FTS
New Projects/Investments
- DMG Blockchain Solutions Inc. signed a second Memorandum of Understanding (MOU) with Malahat Nation's Economic Development Corporation (YOS) to establish the Malahat-DMG Utility Limited Partnership (MDULP).
- MDULP is intended to be a Malahat majority-owned private and regulated utility that will supply electricity and natural gas to clean technology and digital infrastructure projects on Malahat lands.
- This new agreement builds upon a prior 2024 MOU with YOS outlining the intent to develop 30 megawatts of sovereign artificial intelligence (AI) data centers, to be co-developed and evenly split between the two parties.
- The partnership aims to develop and operate new energy infrastructure, including substation upgrades and BC Hydro utility interconnections, to provide stable, sustainable, and sovereign power for AI computing and industrial development, representing a first-of-its-kind Indigenous-led regulated utility in British Columbia.
Oct 28, 2025, 6:50 AM
Fortis prices $750 million subordinated notes offering
FTS
Debt Issuance
- Fortis Inc. announced the pricing of a private placement offering for $750 million aggregate principal amount of 5.100% fixed-to-fixed rate subordinated notes due December 4, 2055.
- The offering is expected to close on September 4, 2025.
- Fortis expects to use the net proceeds from the offering to reduce borrowings under its revolving corporate credit facility and for general corporate purposes.
Sep 2, 2025, 11:06 PM
Fortis outlines strong 2024 results and $26 billion growth plan
FTS
Dividends
New Projects/Investments
Guidance Update
- Fortis served 3.5 million customers with 9,800 employees, was ranked #1 for corporate governance in Canada, and marked its 51st consecutive dividend increase.
- Invested a record $5.2 billion in 2024 capital expenditures and unveiled a $26 billion 5-year capital program, targeting ~6.5% annual rate base growth to $53 billion by 2029.
- Reported 2024 net earnings of $1.6 billion (EPS $3.24) and adjusted EPS of $3.28 (+6%); Q1 2025 net earnings were $499 million ($1.00/share).
- Increased dividends to $2.39/share (+4%) in 2024 and projected 4–6% annual dividend growth through 2029.
- No material near-term impact from proposed tariffs; management emphasizes rate affordability and investment flexibility.
May 8, 2025, 1:01 PM
Quarterly earnings call transcripts for Fortis.
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