Canada · Delayed Price · Currency is CAD Fortis Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted strong financial results, record capital investment, and continued dividend growth. All board nominees and resolutions passed with high approval. Strategic focus remains on customer affordability, decarbonization, and governance excellence.
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Q1 2026 saw strong earnings and EPS, driven by capital investment and regulatory progress. Major data center and transmission projects advanced, supporting long-term growth and customer affordability, with a 4%-6% annual dividend growth outlook reaffirmed.
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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Strong Q3 results with adjusted EPS growth, a new CAD 28.8B five-year capital plan, and a 4.1% dividend increase. Asset sales completed, shifting to 100% regulated assets, and funding remains robust with ample debt cushion. Major growth driven by transmission, LNG, and data center demand.
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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 results, with EPS up CAD 0.07 year-over-year and significant capital investment. Regulatory outcomes were favorable, and the five-year capital plan remains on track, with robust funding and credit metrics supporting continued growth.
Fiscal Year 2024
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Delivered strong 2024 results with 6% adjusted EPS growth, record CAD 5.2B capital investment, and 14% total shareholder return. Five-year CAD 26B capital plan and 4%-6% annual dividend growth guidance remain on track, supported by robust regulated growth and major transmission projects.
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Q3 2024 saw strong regulated growth, with EPS and rate base increases driven by capital investments and new customer rates. The five-year capital plan rose to $26B, supporting 6.5% annual rate base growth, while dividend growth guidance was extended.
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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.