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. reports developments as a North American regulated electric and gas utility company with operations serving customers in Canada, the United States and the Caribbean. News about FTS commonly covers quarterly and annual results, regulated utility rate matters, capital spending plans, transmission and distribution investments, utility debt funding, and dividend declarations on common and preference shares.
Recurring Fortis updates also include annual meeting matters, director elections, auditor appointments, advisory compensation votes, disclosure-document filings, and investor presentations. Company releases often connect operating results to regulated rate base growth, service-territory investment, reliability projects and the financing needs of its utility portfolio.
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.
Fortis Inc. (TSX/NYSE: FTS) announced a $0.535 common share dividend, reflecting a 6% increase, scheduled for December 1, 2021. This increase marks the company's 48 consecutive years of rising dividends, aligning with its guidance of 6% average annual growth through 2025. Preference share dividends were also declared, with payments due on the same date. Fortis, a leader in the North American utility sector, reported $8.9 billion in revenue for 2020 and assets of $56 billion as of June 30, 2021.
Fortis Inc. (TSX/NYSE: FTS) announced the retirement of Jim Laurito, Executive Vice President of Business Development and Chief Technology Officer, effective December 31, 2021. He is succeeded by Stuart Lochray as Senior Vice President, Capital Markets and Business Development, starting September 8, 2021. David Hutchens, President and CEO, recognized Laurito's contribution and welcomed Lochray, noting his 18 years of experience in finance and investment banking, particularly in the power and utilities sector. Fortis reported revenue of $8.9 billion in 2020 and possesses total assets of $56 billion.