Advisory: Fortis Inc. to Hold Teleconference on October 28 to Discuss Third Quarter 2022 Results and Five-Year Capital Outlook

Rhea-AI Summary

Fortis Inc. (TSX/NYSE: FTS) will release its third quarter 2022 financial results and a five-year capital outlook for 2023-2027 on October 28, 2022. A teleconference will take place the same day at 8:30 a.m. (Eastern), featuring President and CEO David Hutchens and Executive VP and CFO Jocelyn Perry. Interested parties can join via call or through a webcast available on Fortis' website, with a replay accessible until November 28, 2022. Fortis, a leader in North American utilities, reported $9.4 billion in revenue for 2021 and total assets of $60 billion as of June 30, 2022.

Positive

• Fortis reported 2021 revenue of $9.4 billion, indicating strong financial performance.
• The company has total assets of $60 billion as of June 30, 2022, reflecting solid asset management.

Negative

• None.

ST. JOHN'S, Newfoundland and Labrador, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2022 financial results and new five-year capital outlook for the period 2023-2027 on Friday, October 28, 2022. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's third quarter financial results.

Shareholders, analysts, members of the media and other interested parties in North America are invited to participate by calling 1.416.764.8646. International participants may participate by calling 1.888.396.8049. Please dial in 10 minutes prior to the start of the call. No passcode is required.

A live and archived audio webcast of the teleconference will be available on the Corporation's website, www.fortisinc.com. A replay of the teleconference will be available two hours after the conclusion of the call until November 28, 2022. Please call 1.416.764.8692 or 1.877.674.7070 and enter passcode 327938#.

About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2021 revenue of $9.4 billion and total assets of $60 billion as at June 30, 2022. The Corporation's 9,100 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/35a26431-d300-4e19-894c-d18fb8fe2744

For further information contact

Investor Enquiries: Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 investorrelations@fortisinc.com

Media Enquiries: Ms. Karen McCarthy Vice President, Communications & Corporate Affairs Fortis Inc. 709.737.5323 media@fortisinc.com

FAQ

When will Fortis release its Q3 2022 financial results?

Fortis will release its Q3 2022 financial results on October 28, 2022.

What time is the Fortis Q3 2022 earnings call?

The Fortis Q3 2022 earnings call is scheduled for 8:30 a.m. Eastern on October 28, 2022.

Who will present during the Fortis Q3 earnings call?

David Hutchens, President and CEO, and Jocelyn Perry, Executive VP and CFO, will present during the call.

How can I access the Fortis Q3 earnings call?

Participants can access the Fortis Q3 earnings call by dialing in or via a live webcast on the Fortis website.

What were Fortis's total assets as of June 30, 2022?

Fortis reported total assets of $60 billion as of June 30, 2022.