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) delivers essential electric and gas utility services to millions across North America and the Caribbean through regulated operations. This page provides investors and stakeholders with a centralized source for official company announcements, financial updates, and strategic developments.
Access timely press releases, earnings reports, and regulatory filings to stay informed about Fortis's infrastructure investments, rate case outcomes, and sustainability initiatives. Our curated news collection ensures you never miss critical updates on operational milestones or industry trends affecting this utility leader.
Key content includes quarterly financial results, major infrastructure projects, executive leadership changes, and compliance-related announcements. All materials are sourced directly from Fortis's corporate communications and vetted for relevance to long-term investors.
Bookmark this page for streamlined access to Fortis's latest developments. Combine these updates with Stock Titan's analysis tools to assess the company's performance within the broader utilities sector.
Fortis Inc. (TSX/NYSE: FTS) announced a $0.565 per share common dividend, a 6% increase, marking 49 consecutive years of dividend growth. The dividend is payable on December 1, 2022 to shareholders on record as of November 17, 2022. Additionally, various dividends for preference shares were declared, also payable on the same date. Each dividend is designated as an eligible dividend for tax credit purposes. Fortis reported $9.4 billion in revenue for 2021, serving customers across Canada, the U.S., and the Caribbean.
Fortis Inc. (FTS) is set to release its third quarter 2022 financial results and a five-year capital outlook for 2023-2027 on October 28, 2022. The teleconference, scheduled for 8:30 a.m. Eastern, will feature CEO David Hutchens and CFO Jocelyn Perry discussing the results. Interested parties can join via phone or through a webcast on the Fortis website. In 2021, Fortis reported revenues of $9.4 billion and total assets of $60 billion, serving customers across Canada, the U.S., and the Caribbean.
Fortis Inc. (TSX/NYSE: FTS) announces a leadership change with Douglas J. Haughey stepping down as Chair of the Board, effective January 1, 2023. Jo Mark Zurel will succeed him, following the Board's succession planning. Haughey, who has chaired since September 2016, is credited with steering the company towards organic growth post-U.S. expansion. Zurel, a board member since 2016 and experienced in governance, is expected to bring valuable leadership. Fortis reported 2021 revenues of $9.4 billion and has total assets of $60 billion as of June 30, 2022.
The Board of Directors of Fortis Inc. (TSX/NYSE: FTS) announced dividends for multiple share series, payable on September 1, 2022. The declared amounts are as follows: $0.3063 for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.178077 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 of record as of August 19, 2022, will benefit from these payments. The dividends are designated as eligible for federal and provincial tax credits.
Fortis Inc. will announce its Q2 2022 financial results on July 28, 2022, during a teleconference at 8:30 a.m. Eastern Time. President and CEO David Hutchens and CFO Jocelyn Perry will discuss the results. Interested participants can call 1.416.764.8646 or 1.888.396.8049 for international calls, 10 minutes prior to the start. A live and archived audio webcast will also be available on the Fortis website. Fortis generated $9.4 billion in revenue in 2021 and has total assets of $58 billion as of March 31, 2022.
Fortis Inc. (TSX/NYSE: FTS) will announce its second quarter 2022 financial results on July 28, 2022. A teleconference and webcast with CEO David Hutchens and CFO Jocelyn Perry will occur at 8:30 a.m. (Eastern) on the same day. Participants in North America can call 1.416.764.8646, and international participants can call 1.888.396.8049. A live and archived audio webcast will be available on Fortis's website. In 2021, Fortis reported revenues of $9.4 billion with total assets of $58 billion as of March 31, 2022.
Tucson Electric Power (TEP) is proposing a rate increase of 11.7%, effective September 2023, to support its transition to cleaner energy and improve service reliability. The average residential bill would rise by $14.22 as TEP invests in new wind and solar projects, grid improvements, and enhanced security measures. Despite rising operational costs, TEP has managed an average annual O&M cost increase of only 2.4% since 2018. The planned changes also include a higher Lifeline discount and removal of credit card transaction fees, reflecting TEP's commitment to assist customers.
Four Arizona energy providers, alongside three public universities, formed a coalition to drive towards a carbon-neutral economy. The initiative includes launching the 'Center for an Arizona Carbon-Neutral Economy' at Arizona State University to establish a regional clean hydrogen hub. This hub aims to mitigate carbon emissions and stimulate economic growth by creating high-quality jobs. The coalition seeks to align hydrogen production with consumer demand while engaging a diverse range of stakeholders, ultimately fostering a sustainable energy ecosystem in Arizona.
Archaea Energy Inc. (NYSE: LFG) reported preliminary Q1 2022 results, posting revenues of $56.9 million and a net loss of $33.2 million. The company increased its estimated long-term annual earnings power by 50% to approximately $600 million, attributed to adding 53 RNG development projects to its backlog. Key strategic moves include the $215 million acquisition of INGENCO, adding 14 LFGTE plants, and a landmark joint venture with Republic Services (NYSE: RSG) to invest $1.1 billion in developing 39 RNG facilities.
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