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.
Archaea Energy Inc. (NYSE: LFG) announced preliminary Q4 2021 results, reporting revenue of $58.4 million and net income of $3.7 million. Pro forma revenue for the full year reached $205.8 million, with a net loss of $77.4 million. Adjusted EBITDA was $16.4 million for Q4 and $76.1 million for the full year, exceeding guidance metrics. The company achieved significant milestones, including the operation of its Assai RNG facility and long-term agreements with NW Natural (NYSE: NWN) and FortisBC (NYSE: FTS). 2022 guidance includes RNG production of 11.1–11.7 million MMBtu and Adjusted EBITDA of $125–145 million.
Fortis Inc. (TSX/NYSE: FTS) has released its inaugural TCFD and Climate Assessment Report, advancing its commitment to climate-related financial disclosures. The report outlines analyses of climate scenarios, detailing risk management processes and a 20% reduction in Scope 1 emissions towards a 75% target by 2035. Key findings highlight the need for regulatory advancements, innovation in energy solutions, and a focus on customer affordability as climate change impacts operations. Fortis aims to ensure reliable service while transitioning to a sustainable, low-carbon economy.
Fortis Inc. has filed its audited Consolidated Financial Statements for the year ended December 31, 2021, disclosing revenue of $9.4 billion and total assets of $58 billion. The filings include the Management Discussion and Analysis and Form 40-F with regulatory authorities. The Management Information Circular for the upcoming Annual and Special Meeting of Shareholders is expected to be available in late March. Fortis operates as a leader in the regulated electric and gas utility sector, serving customers across five Canadian provinces, nine U.S. states, and three Caribbean countries.
Fortis Inc. reported strong financial results for 2021, with net earnings of $1,231 million ($2.61 per share), up from $1,209 million ($2.60 per share) in 2020. The company invested $3.6 billion in capital expenditures, including $600 million in cleaner energy initiatives, and achieved a 20% reduction in Scope 1 emissions. Despite negative impacts from foreign exchange and higher operating costs, Fortis plans to invest $20 billion from 2022-2026 for continued growth, aiming for 6% annual dividend increases through 2025 while focusing on sustainability and energy transition.
The Board of Directors of Fortis has declared various dividends totaling $0.3063, $0.2745625, $0.11469, $0.123948, $0.2969, $0.2455625, $0.2445625 per share on different First Preference Shares, payable on June 1, 2022. Additionally, a dividend of $0.535 per Common Share will also be paid on the same date. All shareholders of record by May 17, 2022, will be eligible. Fortis designates these dividends as eligible for federal and provincial dividend tax credits.
Fortis Inc. (TSX/NYSE: FTS) will release its 2021 annual financial results on February 11, 2022. The teleconference at 8:30 a.m. (Eastern) will feature David Hutchens, CEO, and Jocelyn Perry, CFO, discussing the results. Participants can join by calling 1.833.968.2272 (North America) or 236.714.2970 (International) and should dial in 10 minutes early. An archived audio webcast will be available on Fortis' website. As of September 30, 2021, Fortis reported 2020 revenue of $8.9 billion and total assets of $57 billion, serving customers across North America and in the Caribbean.
Archaea Energy Inc. (NYSE: LFG) has announced an expanded long-term partnership with FortisBC Energy Inc. (NYSE: FTS) to supply up to 8 million gigajoules (approximately 7.6 million MMBtu) of renewable natural gas (RNG) annually, starting in 2022 and scaling to full capacity by 2025. This agreement, pending regulatory approval, marks Archaea’s largest RNG supply contract to date and supports FortisBC's goal of 15% renewable natural gas by 2030. Archaea aims to leverage its extensive RNG project portfolio to meet growing demand for low-carbon energy solutions.
Fortis Inc. will announce its 2021 annual financial results on February 11, 2022, with a teleconference at 8:30 a.m. (Eastern). CEO David Hutchens and CFO Jocelyn Perry will lead the discussion. Interested parties can join via phone or listen to a live webcast on Fortis' website. A replay will be available thereafter until March 11, 2022. Fortis is a significant player in North America's regulated utility sector, reporting 2020 revenue of $8.9 billion and possessing total assets of $57 billion as of September 30, 2021.
Fortis Inc. (TSX/NYSE: FTS) has appointed Gary Smith as Executive Vice President, Operations and Innovation, effective January 1, 2022. Smith has been with Fortis for three decades, previously overseeing Eastern Canadian and Caribbean operations. He will enhance the corporation's safety culture and lead innovation efforts, while also managing cybersecurity functions and ensuring operational reliability. Fortis reported $8.9 billion in revenue for 2020 and maintains a diverse presence in the North American utility sector, servicing customers in several regions.
The Board of Directors of Fortis has declared dividends for its shareholders, effective March 1, 2022. The dividends include $0.3063 per share for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.098384 for Series 'I', $0.2969 for Series 'J', $0.2455625 for Series 'K', $0.2445625 for Series 'M', and $0.535 for Common Shares. Shareholders must be on record by February 15, 2022, to receive these dividends. Additionally, all declared dividends are eligible for federal and provincial dividend tax credits.
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