Welcome to our dedicated page for Fortis news (Ticker: FTS), a resource for investors and traders seeking the latest updates and insights on Fortis stock.
Fortis Inc. (symbol: FTS) is a prominent player in the North American electric and gas utility sector. With total assets of approximately $28 billion and a revenue of $5.4 billion for the fiscal year 2014, Fortis Inc. has cemented its position as a leader in the industry. The company provides regulated utility services to over 3 million customers across Canada, the United States, and the Caribbean.
Fortis operates eight key utility transmission and distribution subsidiaries across North America, serving more than 3.4 million electricity and gas customers. These subsidiaries are integral to the company's mission of delivering reliable energy. In the United States, subsidiary ITC Holdings Corp operates in seven states, managing over 16,000 miles of high-voltage transmission lines.
In addition to its significant presence in the electricity and gas distribution industry, Fortis also holds investments in electricity generation and various Caribbean utilities. The company's strategic approach to expansion and infrastructure development has further solidified its footprint in the utility sector.
The latest updates from Fortis include forward-looking statements on its projects and financial conditions, sourced from Tucson Electric Power and UniSource Energy Services. These updates can be found in their designated news releases, accessible through their official website and other financial information platforms like SEDAR and SEC.
Fortis Inc. shares are listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol FTS, reflecting their stability and growth potential in the global market.
Fortis Inc. (TSX/NYSE: FTS) has announced the filing of its key financial and regulatory documents for the year ended December 31, 2024. The company has submitted its audited Consolidated Financial Statements, Management Discussion and Analysis, Form 40-F, and 2024 Annual Information Form with both Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission.
These documents are now accessible through multiple channels, including SEDAR+ for Canadian filings, the SEC website for U.S. filings, and the company's official website. The company also noted that its Management Information Circular for the upcoming Annual Meeting of Shareholders is expected to be distributed to shareholders in late March.
Fortis Inc. (TSX/NYSE: FTS) reported strong financial results for 2024, with annual net earnings of $1.6 billion, or $3.24 per common share. The company achieved adjusted net earnings per share of $3.28, representing a 6% growth from 2023's $3.09.
Key highlights include $5.2 billion in capital expenditures, yielding 6% annual rate base growth, and a 4.2% increase in fourth quarter common share dividend, marking 51 consecutive years of dividend increases. The company completed the Wataynikaneyap Transmission Power project, connecting 17 First Nations communities to the Ontario power grid.
Fortis announced a $26 billion five-year capital plan through 2029, which is $1.0 billion higher than the previous plan. The company expects this investment to increase its midyear rate base from $39.0 billion in 2024 to $53.0 billion by 2029, representing a 6.5% compound annual growth rate. The plan will be funded primarily through operations cash flow and regulated utility debt.
Fortis Inc. (TSX/NYSE: FTS) has announced its second quarter dividends for 2025. The Board of Directors has declared dividends payable on June 1, 2025, to shareholders of record as of May 16, 2025. The dividend schedule includes payments for various series of First Preference Shares, ranging from $0.11469 to $0.3826875 per share, and a common share dividend of $0.615.
The dividends have been designated as eligible for federal and provincial dividend tax credit purposes. All amounts are in Canadian dollars. This announcement is incorporated as a Designated News Release in the company's prospectus supplement dated December 9, 2024.
Fortis Inc. (TSX/NYSE: FTS) has announced it will release its 2024 financial results on Friday, February 14, 2025. The company will host a teleconference and webcast at 8:30 a.m. (Eastern) on the same day. David Hutchens, President and CEO, and Jocelyn Perry, Executive VP and CFO, will lead the discussion of the annual financial results.
Shareholders, analysts, media, and other interested parties can access the live webcast through the company's website. Financial community members from Canada and the US can participate toll-free, while international participants have a separate dial-in number. Pre-registration is available for the call, providing participants with direct calendar access and bypass of the operator queue. A replay of the teleconference will be available until March 14, 2025.
Fortis Inc. (TSX/NYSE: FTS) has announced it will release its 2024 financial results on Friday, February 14, 2025. The company will host a teleconference and webcast at 8:30 a.m. (Eastern) on the same day. David Hutchens, President and CEO, and Jocelyn Perry, Executive VP and CFO, will lead the discussion of the annual financial results.
Shareholders, analysts, media, and other interested parties can access the live webcast through the company's website. Financial community members from Canada and the US can participate toll-free at 1.844.763.8274, while international participants can call 1.647.484.8814. Pre-registration is available for the call, providing participants with direct dial-in details. A replay will be available until March 14, 2025.
Fortis Inc. (TSX/NYSE: FTS) announced changes to its Board of Directors. Lisa Crutchfield will resign from the board effective December 31, 2024, and Gregory Knight will fill the vacancy starting January 1, 2025. Knight brings significant utility sector experience, having served as Executive Vice President of Customer Transformation and Business Services at CenterPoint Energy, and Chief Customer Officer at National Grid USA Service Company. The announcement was made as a Designated News Release, incorporated into Fortis' prospectus supplement dated December 9, 2024.
Fortis Inc. (TSX/NYSE: FTS) announced the renewal of its at-the-market equity program (ATM Program), allowing the issuance of up to C$500,000,000 (or US dollar equivalent) in common shares. The shares will be sold through the TSX and NYSE at prevailing market prices, with the program effective until January 10, 2027. The ATM Program provides additional financing flexibility for Fortis's capital program, with proceeds intended for general corporate purposes. The distribution will be managed through an equity distribution agreement with several major financial institutions acting as Canadian and US agents.
Fortis (TSX/NYSE: FTS) has announced its first quarter dividends for 2025, payable on March 1, 2025, to shareholders of record as of February 18, 2025. The dividend declaration includes payments for various series of First Preference Shares and Common Shares:
- First Preference Shares: Series F ($0.3063), Series G ($0.3826875), Series H ($0.11469), Series I ($0.313952), Series J ($0.2969), Series K ($0.3418125), and Series M ($0.3433125)
- Common Shares: $0.615
The company has designated both common share and preference share dividends as eligible for federal and provincial dividend tax credits. All amounts are in Canadian dollars.
Fortis Inc. (TSX/NYSE: FTS) reported strong Q3 2024 results with net earnings of $420 million ($0.85 per share), up from $394 million ($0.81 per share) in Q3 2023. The company announced a $26 billion capital plan for 2025-2029, projecting 6.5% average annual rate base growth. Capital expenditures for 2024 are expected to reach $5.2 billion, with $3.6 billion invested through September. The Board declared a 4.2% increase in Q4 dividend, marking 51 consecutive years of dividend increases. Growth was driven by rate base expansion across utilities and strong earnings in Arizona, partially offset by higher operating costs at Central Hudson and increased holding company finance costs.
Fortis Inc. (TSX/NYSE: FTS) has announced it will release its third quarter 2024 financial results on Tuesday, November 5, 2024. The company will hold a teleconference and webcast at 8:30 a.m. (Eastern) on the same day. David Hutchens, President and CEO, and Jocelyn Perry, Executive VP and CFO, will discuss the quarterly results. The event will be accessible via live webcast on the company's website, with toll-free participation available for North American financial community members. A replay will be available until December 5, 2024.
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