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. (FTS) generates frequent news as a diversified participant in the North American regulated electric and gas utility industry. Its disclosures highlight activity across electric and gas utilities and transmission businesses that serve customers in five Canadian provinces, ten U.S. states and the Caribbean. Because Fortis is active in multiple jurisdictions and operates through several utility subsidiaries, its news flow covers a broad range of topics relevant to utility investors and sector observers.
News items for Fortis commonly include quarterly and annual financial results, where the company reports net earnings, capital expenditures and progress on its multi-year capital plans. These releases often discuss rate base growth, regulatory developments and capital allocation decisions. Fortis also issues news about dividend declarations on its common and preference shares, providing information on payment dates, record dates and dividend designations for tax purposes.
Regulatory and strategic updates are another important category of Fortis news. The company reports on general rate applications, rate frameworks, and decisions by regulators in jurisdictions such as British Columbia, Arizona and New York that affect its utilities. It also provides updates on capital projects and asset dispositions, such as the sale of its utility in Turks and Caicos and its assets in Belize, and on opportunities related to transmission investments and load growth.
Sustainability and governance topics appear in Fortis’ news as well, including sustainability update reports, greenhouse gas emissions reduction progress and targets, and results from annual shareholder meetings covering director elections, auditor appointments and advisory votes on executive compensation. For investors and analysts, following Fortis news offers insight into its regulated growth strategy, capital planning, regulatory environment and shareholder returns. This news page aggregates these releases so users can review financial updates, regulatory milestones, project developments and corporate actions in one place.
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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Fortis Inc. reported third-quarter net earnings of $295 million, maintaining earnings per share at $0.63, consistent with the prior year. The company outlined a $20 billion capital investment plan for 2022-2026, poised to enhance rate base growth by 6%. A ~6% dividend increase reflects 48 consecutive years of growth, reaffirming the dividend growth guidance through 2025. Notably, year-to-date net earnings rose to $903 million, despite challenges from foreign exchange rates and cooler weather in Arizona. Fortis aims for a 75% reduction in carbon emissions by 2035.
Fortis Inc. (TSX/NYSE: FTS) will announce its third quarter 2021 financial results and a new five-year capital outlook for 2022-2026 on October 29, 2021. A teleconference at 8:30 a.m. (Eastern) will feature discussions by CEO David Hutchens and CFO Jocelyn Perry. Interested parties can participate via a toll-free number or an international line. Archived audio of the event will be available on the Fortis website. In 2020, the company reported revenues of $8.9 billion and total assets of $56 billion.
Fortis Inc. (TSX/NYSE: FTS) will announce its third quarter 2021 financial results and a new five-year capital outlook for 2022-2026 on October 29, 2021. The teleconference will begin at 8:30 a.m. Eastern, featuring CEO David Hutchens and CFO Jocelyn Perry. Interested parties can join by calling 1.877.223.4471 (North America) or 647.788.4922 (International). Fortis reported $8.9 billion in revenue for 2020, with total assets of $56 billion as of June 30, 2021, serving customers across five provinces, nine states, and three Caribbean countries.