Canada · Delayed Price · Currency is CAD Fortis Earnings Call Transcripts
Fiscal Year 2025
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Delivered strong EPS and rate base growth in 2025, supported by a record CAD 28.8B capital plan and 24% shareholder return. Maintained 52 years of dividend increases and advanced major projects in Arizona and BC.
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Q3 saw strong regulated utility performance, a 4% dividend increase, and a new $28.8B five-year capital plan supporting 7% rate base growth. Asset sales completed, funding remains robust, and major growth opportunities exist in transmission, LNG, and data centers.
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Q2 2025 saw strong EPS and net earnings growth, driven by capital investments and regulatory progress. Major data center and clean energy projects in Arizona, along with a robust capital plan and new credit rating, position the company for continued growth and resilience.
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Q1 2025 saw strong financial and operational performance, with EPS up CAD 0.07 year-over-year and robust capital investment. The five-year, CAD 26 billion capital plan is on track, supported by stable credit ratings and a healthy funding position.
Fiscal Year 2024
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Delivered 6% adjusted EPS growth and record capital investment in 2024, with strong regulated utility performance and 51 consecutive years of dividend increases. Five-year capital plan and rate base growth remain on track, supported by robust demand and regulatory progress.
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Q3 2024 saw strong regulated growth, with EPS and rate base increases, a $26B five-year capital plan, and a 4.2% dividend hike. Data center and industrial load growth present upside, while funding and regulatory positions remain stable.
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Q2 EPS rose to $0.67, up $0.05 year-over-year, driven by rate base investments and favorable weather. Regulatory progress, strong capital investment, and a positive legal outcome in Iowa support continued growth, with a $25B five-year capital plan and 4%-6% dividend growth guidance.