Company Reports

Fortis reported second-quarter operating earnings of CAD 0.78 per share, compared with CAD 0.76 in the same year-ago period, putting the company on track to meet our full-year expectations.

Fortis manages regulated electric and gas utilities and independent transmission assets across the US and Canada.

Fortis reported first-quarter operating earnings of CAD 0.99 per share, compared with CAD 1.00 in the same year-ago period, putting the company on track to meet our full-year expectations.

The Midcontinent Independent System Operator, or MISO, recently released its updated Long-Term Load Forecasting Results, which included a large increase in its forecast driven by higher data center and manufacturing demand.

Fortis manages regulated electric and gas utilities and independent transmission assets across the US and Canada.

Fortis reported full-year operating earnings of CAD 3.53 per share, up from CAD 3.28 in 2024 and in line with our expectations.

Fortis reported third-quarter operating earnings per share of CAD 0.87, up from CAD 0.85 in the year-ago quarter, putting the company on track to meet our full-year expectations.

Fortis manages regulated electric and gas utilities and independent transmission assets across the US and Canada.

Fortis manages regulated electric and gas utilities and independent transmission assets across the US and Canada.

Fortis' second-quarter operating earnings per share of CAD 0.76, up from CAD 0.67 in the same year-ago earnings, put the company on track to meet our full-year expectations.

Fortis' first-quarter operating earnings were CAD 1.00 per share, up from CAD 0.93 in the same year-ago quarter, putting the company on track to meet our full-year expectations.

Utilities have limited direct exposure to the tariffs announced by the Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.

Fortis manages regulated electric and gas utilities and independent transmission assets across North America.

Fortis reported 2024 operating earnings per share of $3.28, up from $3.09 in 2023 and in line with our full-year expectations. During the year, Fortis increased the dividend 6.1%, in line with earnings growth.

Fortis manages regulated electric and gas utilities and independent transmission assets across North America.

We are maintaining our CAD 59 fair value estimate for Fortis after the company reported third-quarter adjusted earnings per share of CAD 0.85 compared with CAD 0.84 in the year-ago period. The company maintained its 4%-6% annual dividend growth guidance through 2029, in line with our expectations.

Fortis manages regulated electric and gas utilities and independent transmission assets across North America.

We are maintaining our CAD 58 fair value estimate for Fortis after it reported second-quarter adjusted earnings of CAD 0.67 per share compared with CAD 0.62 in the same year-ago period.

We are maintaining our CAD 58 per share fair value estimate for Fortis after the company reported first-quarter adjusted earnings of CAD 0.93 per share compared with CAD 0.90 in the same year-ago period. The company reaffirmed its 4% to 6% annual dividend growth outlook through 2028, in line with our estimate. Fortis does not issue earnings guidance.

Fortis manages regulated electric and gas utilities and independent transmission assets across North America.