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.
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.
Fortis Inc. announces the Arizona Corporation Commission has approved new rates for Tucson Electric Power's general rate application, effective January 1, 2021. The approved rate base is US$2.7 billion, with US$1.2 billion invested since the last rate order. The allowed return on equity is now 9.15%, down from 9.75%. TEP is focused on upgrading its systems to accommodate population growth and customer needs while transitioning to renewable energy resources.
Fortis Inc. has declared dividends for its preference and common shares, payable on March 1, 2021. The dividends include $0.3063 for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.094685 for Series 'I', $0.2969 for Series 'J', $0.2455625 for Series 'K', $0.2445625 for Series 'M', and $0.505 for common shares. Shareholders of record by February 16, 2021, will receive these dividends, which are eligible for federal and provincial tax credits. Fortis reported a revenue of $8.8 billion in 2019 and operates across multiple regions.
Fortis Inc. (FTS) reported Q3 2020 net earnings of $292 million ($0.63 per share), up from $278 million in Q3 2019. Adjusted net earnings were $302 million ($0.65 per share). The company is on track with its $4.3 billion capital plan, having invested $2.9 billion so far. A new five-year capital plan of $19.6 billion was announced, an increase of $0.8 billion. Fortis raised its dividend by 5.8%, marking 47 years of increases. Additionally, a target to reduce carbon emissions by 75% by 2035 was established. Despite the pandemic, operational impacts were minimal, and earnings growth was supported by increased utility rates.
Fortis Inc. (TSX/NYSE: FTS) will release its Q3 2020 financial results on October 30, 2020, accompanied by a teleconference at 8:30 a.m. (Eastern). President and CEO Barry Perry, CFO Jocelyn Perry, and COO David Hutchens will discuss the results. Interested participants can join by calling 1.877.223.4471 in North America, or 647.788.4922 internationally.
Fortis, a leader in the North American utility industry, reported $8.8 billion in revenue for 2019 and holds total assets of $56 billion as of June 30, 2020.
Fortis Inc. (TSX/NYSE: FTS) will release its third quarter 2020 financial results on October 30, 2020. The event will feature a teleconference and webcast at 8:30 a.m. (Eastern), led by key executives including CEO Barry Perry. Participants can join via a toll-free number or an international line. A live and archived webcast will be accessible through the Fortis website. Fortis is a prominent player in the North American utility industry with 2019 revenues of $8.8 billion and total assets of $56 billion as of June 30, 2020, serving customers across multiple regions.
Fortis Inc. announces a five-year capital investment plan of $19.6 billion, increased by $800 million from the previous year. The corporation will implement a quarterly dividend of $0.505, marking a 5.8% increase and continues to target an average annual dividend growth of 6% until 2025. Additionally, Fortis sets a target to reduce carbon emissions by 75% by 2035 from a 2019 baseline. The capital plan aims to enhance reliability and expand renewable energy access while the company addresses the ongoing impacts of the COVID-19 pandemic.