Welcome to our dedicated page for Fortis Common Shares news (Ticker: FTS), a resource for investors and traders seeking the latest updates and insights on Fortis Common Shares 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. (FTS) will announce its Q1 2023 financial results on May 3, 2023, at 8:30 a.m. Eastern time. President and CEO David Hutchens, along with CFO Jocelyn Perry, will discuss the results during a teleconference. Interested parties can join by calling 1.888.886.7786 (North America) or 1.416.764.8658 (International) and are encouraged to call 10 minutes early. A live and archived audio webcast will be accessible on the company's website. Additionally, Fortis will hold its Annual Meeting of Shareholders on May 4, 2023, at 9:00 a.m. Eastern, both in-person and online. This meeting will allow shareholders to submit questions during the Q&A session.
Fortis is a leading North American utility company, generating $11 billion in revenue and managing $64 billion in assets as of December 31, 2022, with over 9,200 employees serving customers across various regions.
Fortis Inc. will announce its first quarter 2023 financial results on May 3, 2023, during a teleconference at 8:30 a.m. (Eastern). CEO David Hutchens and CFO Jocelyn Perry will discuss the results. Interested participants can join by calling 1.888.886.7786 (North America) or 1.416.764.8658 (International). The Annual Meeting of Shareholders is scheduled for May 4, 2023, at 9:00 a.m. (Eastern) in St. John's, Newfoundland. Fortis reported 2022 revenue of $11 billion and total assets of $64 billion as of December 31, 2022.
Fortis Inc. has filed its audited Consolidated Financial Statements and Management Discussion for the year ending December 31, 2022. The reports indicate a revenue of $11 billion and total assets of $64 billion. The Corporation serves utility customers in five Canadian provinces, nine U.S. states, and three Caribbean countries. The Management Information Circular for the upcoming Annual Meeting of Shareholders is anticipated to be available in late March 2023. Fortis shares are listed on both the TSX and NYSE under the symbol FTS, with more information accessible via their official website.
Fortis reported strong financial results for 2022 with net earnings of $1.3 billion, or $2.78 per share, marking a 7% annual growth. Capital expenditures were $4.0 billion, focused on cleaner energy, leading to a ~7% rate base growth. The company aims for a five-year capital plan of $22.3 billion to enhance its renewable energy portfolio while achieving a 2050 net-zero emissions target. Despite challenges, such as increased corporate costs and project suspensions, Fortis remains optimistic about a steady dividend growth of 4-6% through 2027. Overall, the company achieved a 28% reduction in emissions since 2019, showcasing its commitment to sustainability.
The Board of Directors of Fortis has declared multiple dividends, payable on June 1, 2023, for shareholders of record on May 17, 2023. The declared dividends include:
- $0.3063 for First Preference Shares, Series "F"
- $0.2745625 for Series "G"
- $0.11469 for Series "H"
- $0.371529 for Series "I"
- $0.2969 for Series "J"
- $0.2455625 for Series "K"
- $0.2445625 for Series "M"
- $0.565 for Common Shares
All dividends are categorized as eligible dividends for tax credit purposes in Canada. Fortis is a major utility provider across North America, with 2021 revenues of $9.4 billion.
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