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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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.