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Fortis Inc.

NYSE•FTS
CEO: Mr. David Gerard Hutchens
Sector: Utilities
Industry: Regulated Electric
Listing Date: 2010-01-05
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
Contact Information
Fortis Place, Suite 1100 5 Springdale Street PO Box 8837, St. John's, NF, A1E 0E4, Canada
709-737-2800
www.fortisinc.com
Market Cap
$28.55B
P/E (TTM)
22.0
22
Dividend Yield
3.2%
52W High
$58.78
52W Low
$43.28
52W Range
84%
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$2.21B+0.00%
4-Quarter Trend

EPS

$0.60+0.00%
4-Quarter Trend

FCF

-$484.98M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Dividend Growth Guidance Set Dividend growth guidance projected at 4-6% annually through 2030, supported by long-term rate base growth expectations.
Coal-Free Generation Milestone Corporation targets achieving a coal-free generation mix across operations by the year 2032 milestone date.
Capital Expenditure Planning Forecast capital expenditures detailed for the 2026 through 2030 period, including expected funding sources identified.
Share Count Dec 31 Total outstanding common shares reported at 507.34M as of December 31, 2025, filed in C$ context.

Risk Factors

Utility Regulatory Proceedings Key risks involve changes in utility regulation outcomes and potential impacts from ongoing regulatory proceedings affecting operations.
Climate Change Physical Risks Physical risks to electric and gas service provision are heightened, potentially exacerbated by ongoing climate change impacts.
Cybersecurity Operational Threats Exposure to cyber attacks, data breaches, and extortion targeting operations, load settlement, and financial systems remains high.
Economic Volatility Exposure Risks tied to general economic conditions, specifically inflation, interest rate fluctuations, and foreign exchange rate volatility.

Outlook

U.S. Transmission Grid Growth Expansion of U.S. electric transmission grid planned to support load growth and facilitate new energy resource interconnection.
Gas Conversion Project TEP plans Springerville Units 1 and 2 conversion from coal to natural gas fired generation scheduled by 2030.
Net-Zero Emissions Target Corporation maintains 2050 net-zero GHG emissions target; decarbonization strategy review scheduled for 2026.
Capital Structure Maintenance Expectation to maintain targeted capital structure for regulated subsidiaries without impacting ability to pay future dividends.

Peer Comparison

Revenue (TTM)

SO stock ticker logoSO
$29.55B
+10.6%
DTE stock ticker logoDTE
$15.63B
+25.4%
FE stock ticker logoFE
$15.09B
+12.0%

Gross Margin (Latest Quarter)

CMS stock ticker logoCMS
127.9%
-13.3pp
FTS stock ticker logoFTS
72.1%
-43.8pp
EBR stock ticker logoEBR
39.9%
-7.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SO$108.50B24.612.5%42.3%
AEE$30.63B20.711.5%40.9%
DTE$30.57B20.812.2%49.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.7%
Flat Growth
4Q Net Income CAGR
-4.2%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 5, 2026
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LTM
No Data