Fortis Stock Price, News & Analysis

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.

Fortis Inc. (TSX/NYSE: FTS) will announce its 2022 financial results on February 10, 2023, followed by a teleconference at 8:30 a.m. Eastern. CEO David Hutchens and CFO Jocelyn Perry will present the results. Interested participants in North America can join by calling 1.416.764.8658, and international callers can use 1.888.886.7786. A live and archived audio webcast will be accessible on the company's website. Fortis reported a revenue of $9.4 billion in 2021 and holds total assets of $64 billion as of September 30, 2022, serving utility customers across five Canadian provinces and nine U.S. states.