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Fortis Inc. reported solid second quarter 2026 results, with net earnings attributable to common equity shareholders of $396 million and basic earnings per share of $0.78, up from $0.76 a year earlier. Revenue rose to $2,931 million, supported mainly by Rate Base growth and higher retail electricity sales at UNS Energy.
For the first half of 2026, net earnings attributable to common equity shareholders were $897 million, with EPS of $1.76, unchanged from 2025, while operating cash flow increased to $2,232 million. Capital expenditures were $2.7 billion in the first six months, tracking a $5.6 billion annual plan, and total assets reached $78.8 billion at June 30, 2026.
Growth visibility remains anchored by a $28.8 billion five-year capital plan expected to increase midyear Rate Base from $42.4 billion in 2025 to $57.9 billion by 2030, a 7% compound annual growth rate. Fortis maintains dividend growth guidance of 4–6% annually through 2030. The Province of British Columbia approved the Phase 1B expansion of FortisBC Energy’s Tilbury LNG Facility with a cost allowance of up to $2.2 billion, expanding potential investment beyond the current plan. Credit ratings from S&P and Fitch were confirmed with stable outlooks, and by 2025 the company had achieved a 38% reduction in scope 1 greenhouse gas emissions versus 2019.
Fortis Inc. will release its second quarter 2026 financial results on July 31, 2026, followed by a teleconference and webcast at 8:30 a.m. Eastern. The call is accessible via live webcast on the company’s website and by toll-free phone in Canada and the U.S. at 1.833.821.0229, with an international line at 1.647.846.2371.
A replay will be available by phone until August 31, 2026 and as an archived audio webcast online. Fortis describes itself as a diversified North American regulated electric and gas utility leader, with 2025 revenue of $12 billion and $77 billion in total assets as at March 31, 2026, serving customers across Canada, the U.S. and the Cayman Islands.
Fortis Inc. has entered into a Fourth Amending Agreement to its Fourth Amended and Restated Credit Agreement with a syndicate of Canadian and international banks. The amendment extends the revolving term credit facility’s Maturity Date to July 31, 2031 and keeps the existing agreement otherwise in full force.
On execution of the amendment, Fortis must pay the Agent, for the account of the Lenders, an extension fee of 3.5 basis points per annum on each Lender’s Individual Commitment. This fee is calculated over the period between the prior Maturity Date and the new Maturity Date, is due in full at signing, and is non‑refundable and fully earned when due.
Fortis Inc. reported that shareholders approved all items at its Annual Meeting of Shareholders. Investors elected 12 directors, each receiving more than 96% of votes cast, with Mary C. Hemmingsen receiving 300,559,988 votes for, or 99.87% support.
Shareholders also approved the appointment of Deloitte LLP as auditors with 306,408,822 votes for, representing 99.78% of votes cast. The non-binding advisory Say on Pay resolution on executive compensation passed with 286,352,999 votes for, or 95.15% support, indicating broad backing for the company’s pay practices.
Fortis describes itself as a diversified North American regulated electric and gas utility, with 2025 revenue of $12 billion and total assets of $77 billion as at March 31, 2026, serving customers across Canada, the United States and the Cayman Islands.
Fortis Inc. reported solid, largely stable first-quarter 2026 results. Revenue rose to $3.4 billion from $3.3 billion, while net earnings attributable to common shareholders were $501 million, essentially flat versus $499 million a year earlier.
Basic EPS was $0.99 compared with $1.00, reflecting share growth under the dividend reinvestment plan and prior-year asset sales. Capital expenditures were $1.4 billion in the quarter, tracking a $5.6 billion 2026 plan and a $28.8 billion five-year plan that is expected to lift midyear rate base from $42.4 billion in 2025 to $57.9 billion by 2030, supporting targeted dividend growth of 4–6% annually.
BlackRock, Inc. files Amendment No. 2 to Schedule 13G/A reporting ownership of 34,213,560 shares of Fortis Inc. common stock. The filing shows 6.7% of the class, with 32,649,338 shares of sole voting power and 34,213,560 shares of sole dispositive power as reported.
Fortis Inc. will release its first quarter 2026 financial results on May 6, 2026, followed by a teleconference and webcast at 8:30 a.m. Eastern, where senior leadership will review the quarter.
The company will hold its 2026 Annual Meeting of Shareholders on May 7, 2026 at 9:00 a.m. Eastern (10:30 a.m. Newfoundland), both in person in St. John’s and online via a virtual platform. Fortis describes itself as a North American regulated electric and gas utility leader with 2025 revenue of $12 billion and total assets of $75 billion as at December 31, 2025, serving customers across Canada, the United States and the Caribbean.
Fortis Inc. has released its 2026 management information circular for the annual meeting of common shareholders on May 7, 2026, held in hybrid format in St. John’s and online. Shareholders will vote on electing 12 directors, appointing Deloitte LLP as auditors, and an advisory "say on pay" resolution on executive compensation, using March 20, 2026 as the record date.
The circular highlights 2025 performance, including approximately 5% adjusted EPS growth (excluding foreign exchange), a 24% one-year total shareholder return, and net earnings attributable to common shareholders of $1.7 billion or $3.40 per share. Adjusted net earnings were $1.8 billion or $3.53 per share.
Fortis outlines a $28.8 billion 2026–2030 capital plan, supporting an expected 7% annualized rate base growth and continued focus on reliability, resiliency and grid modernization for its 3.5 million electricity and gas customers. The company increased its dividend by 4.1% in 2025, extending its record to 52 consecutive years of dividend growth and reaffirming guidance of 4–6% annual dividend growth through 2030.