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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) is set to release its second quarter 2021 financial results and Sustainability Update Report on July 29, 2021. A teleconference will occur at 8:30 a.m. Eastern, led by CEO David Hutchens and CFO Jocelyn Perry. Interested parties can join by calling 1.877.223.4471 or 647.788.4922 for international participants. The live audio webcast will also be available on Fortis' website. For 2020, the company reported revenues of $8.9 billion and total assets of $56 billion as of March 31, 2021, with 9,000 employees serving customers across North America and the Caribbean.
Fortis Inc. (TSX/NYSE: FTS) held its Annual Meeting of Shareholders virtually on May 6, 2021, where all items of business were approved. Shareholders elected 12 directors, achieving gender parity on the Board. Deloitte LLP was appointed as the auditors. An advisory vote on executive compensation was also approved, with 97.13% of votes in favor. In 2020, Fortis reported revenues of $8.9 billion and total assets of $56 billion. The company serves utility customers across five Canadian provinces, nine US states, and three Caribbean countries.
Fortis released its first quarter results for 2021, showcasing a net earnings increase to $355 million or $0.76 per share, compared to $312 million in 2020. Adjusted net earnings rose to $360 million or $0.77 per share, up from $315 million. The corporation's capital expenditures amounted to $0.9 billion, part of a $3.8 billion annual plan. Credit ratings were affirmed by S&P and upgraded by DBRS. The Oso Grande Wind Project was completed, and the outlook for Fortis remains positive with a 6% dividend growth guidance.
Fortis Inc. (TSX/NYSE: FTS) will release its first quarter 2021 financial results on May 5, 2021, with a teleconference scheduled at 8:30 a.m. (Eastern). Key executives, including President David Hutchens, will discuss the results. Interested parties can join via a dedicated phone line. An archived audio webcast will be available on the company's website. Additionally, the Annual Meeting of Shareholders is set for May 6, 2021, at 9:00 a.m. (Eastern). Fortis reported a 2020 revenue of $8.9 billion and total assets of $55 billion as of December 31, 2020, serving customers in multiple regions.
Fortis Inc. (TSX/NYSE: FTS) will announce its first quarter 2021 financial results on May 5, 2021, at 8:30 a.m. (Eastern). The teleconference will feature CEO David Hutchens and CFO Jocelyn Perry discussing the results. Participants can join via phone or view the live webcast on the Fortis website. Additionally, the Annual Meeting of Shareholders will occur online on May 6, 2021, at 9:00 a.m. (Eastern). Fortis reported revenues of $8.9 billion and total assets of $55 billion as of December 31, 2020, serving customers across North America and the Caribbean.
Fortis Inc. (TSX/NYSE: FTS) has filed its audited Consolidated Financial Statements and Management Discussion for the year ending December 31, 2020. The Corporation reported revenue of $8.9 billion and total assets of approximately $55 billion as of year-end. These filings are available on SEDAR and SEC. Fortis serves utility customers across five Canadian provinces, nine U.S. states, and three Caribbean countries, with a workforce of 9,000 employees.
Fortis Inc. (FTS) reported its 2020 financial results with net earnings of $1,209 million ($2.60 per share), down from $1,655 million in 2019. Adjusted net earnings increased to $1,195 million ($2.57 per share) amid an 8.2% rise in rate base and higher retail sales in Arizona. Capital expenditures reached a record $4.2 billion, and a new emissions reduction target of 75% by 2035 was established. Despite COVID-19 challenges, the company anticipates continued growth, projecting a rate base increase to $36.4 billion by 2023, supporting earnings and dividend growth of around 6% annually through 2025.
Fortis Inc. (TSX/NYSE: FTS) announced dividends for its shareholders, effective June 1, 2021. The dividends include:
- $0.3063 on Series 'F'
- $0.2745625 on Series 'G'
- $0.11469 on Series 'H'
- $0.094899 on Series 'I'
- $0.2969 on Series 'J'
- $0.2455625 on Series 'K'
- $0.2445625 on Series 'M'
- $0.505 on Common Shares
All dividends are payable to shareholders of record as of May 17, 2021. The dividends are designated as eligible for tax credit purposes.
Fortis Inc. (TSX/NYSE: FTS) will release its 2020 annual financial results on February 12, 2021. A teleconference, led by CEO David Hutchens and CFO Jocelyn Perry, will take place at 8:30 a.m. EST to discuss these results. Participants can join by calling 1.877.223.4471 (North America) or 647.788.4922 (International). An audio webcast will also be available on the Fortis website, with a replay accessible until March 14, 2021. Fortis generated $8.8 billion in revenue in 2019 and has total assets of $56 billion as of September 30, 2020.
Fortis Inc. (TSX/NYSE: FTS) will announce its 2020 annual financial results on February 12, 2021. A teleconference will occur at 8:30 a.m. (Eastern) with CEO David Hutchens and CFO Jocelyn Perry discussing the results. Interested parties can join by calling 1.877.223.4471 (North America) or 647.788.4922 (International). The event will also be available via a live and archived audio webcast on the Fortis website. In 2019, Fortis reported revenue of $8.8 billion, serving customers across five Canadian provinces, nine U.S. states, and three Caribbean countries.
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