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Fortis (FTS) Is Up 5.24% in One Week: What You Should Know
ZACKS· 2026-02-16 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Fortis(FTS) - 2025 Q4 - Earnings Call Transcript
2026-02-12 14:32
Fortis (NYSE:FTS) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsDavid Hutchens - President and CEOJocelyn H. Perry - EVP and CFOKrista Tanner - President and CEOStephanie Amaimo - VP of Investor RelationsSusan Gray - President and CEOConference Call ParticipantsBen Pham - Equity Research AnalystEli Johnson - Equity Research AnalystJohn Mould - Equity Research AnalystMark Jarvi - Equity Research AnalystMaurice Choy - Equity Research AnalystRob Hope - Equity Research AnalystOperatorT ...
Fortis(FTS) - 2025 Q4 - Earnings Call Transcript
2026-02-12 14:32
Fortis (NYSE:FTS) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsDavid Hutchens - President and CEOJocelyn H. Perry - EVP and CFOKrista Tanner - President and CEOStephanie Amaimo - VP of Investor RelationsSusan Gray - President and CEOConference Call ParticipantsBen Pham - Equity Research AnalystEli Johnson - Equity Research AnalystJohn Mould - Equity Research AnalystMark Jarvi - Equity Research AnalystMaurice Choy - Equity Research AnalystRob Hope - Equity Research AnalystOperatorT ...
Fortis(FTS) - 2025 Q4 - Earnings Call Transcript
2026-02-12 14:30
Financial Data and Key Metrics Changes - In 2025, reported earnings per common share were CAD 3.40, an increase of CAD 0.16 compared to 2024, while adjusted EPS was CAD 3.53, up CAD 0.25 from the previous year [13][17] - The company achieved a one-year total shareholder return of nearly 24%, with average annual total shareholder returns of approximately 10% over the past 20 years [6][11] - The company maintained a strong liquidity position with CAD 2.7 billion of long-term debt issued in 2025 and nearly CAD 4 billion available on credit facilities at year-end [17][18] Business Line Data and Key Metrics Changes - Western Canadian utilities contributed a CAD 0.10 increase in EPS, driven by rate-based growth, including earnings from FortisBC's investment in the Eagle Mountain Pipeline Project [13][14] - U.S. electric and gas utilities delivered an eight-cent increase in EPS, with Central Hudson's growth attributed to rate-based growth and cost rebasing [14][15] - ITC's continued capital investments and related rate-based growth increased EPS by CAD 0.04, moderated by higher stock-based compensation and finance costs [16] Market Data and Key Metrics Changes - The Arizona Corporation Commission approved an energy supply agreement for approximately 300 MW to support a planned data center, with a 10-year contract including a 75% minimum billing requirement [9][24] - The company is negotiating for an additional 300 MW of capacity for the data center and exploring further capacity at a second site in the range of 500-700 MW [10][24] - The company is also focused on energy efficiency programs to help customers lower their bills and provide assistance to low-income customers [6][11] Company Strategy and Development Direction - The company rolled out a CAD 28.8 billion five-year capital plan, primarily focused on transmission and distribution assets, expecting a rate base increase of CAD 16 billion and average annual rate base growth of 7% [7][8] - The company aims to support 4%-6% annual dividend growth through 2030, continuing its commitment to increasing dividends for 52 consecutive years [11][21] - The company is actively pursuing incremental growth opportunities, including customer connections and MISO LRTP projects, while evaluating competitive bidding opportunities [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the regulatory environment, noting that the new chair of FERC is focused on improving the commission's operations and providing regulatory certainty [30][31] - The company is committed to addressing affordability concerns and ensuring that growth is achieved in a responsible manner for customers [25][62] - Management highlighted the importance of maintaining a strong focus on safety and reliability, with 2025 being one of the best years on record for these metrics [5][21] Other Important Information - The company was recognized for its governance practices, ranking number one in governance out of 206 companies in the S&P/TSX Composite Index [4] - The company has not utilized its CAD 500 million ATM program to date, which remains available for funding flexibility [17][18] Q&A Session Summary Question: Data center opportunity in Arizona - Management explained that the energy supply agreement is structured to ensure affordability and stability for customers, with the data center covering costs without requiring additional investments [24][25] Question: Updates from FERC - Management noted that while there has been chatter about potential updates, no specific information has been received, but there is optimism for movement on ongoing matters [29][30] Question: UNS Gas rate case - Management indicated that the upcoming ACC open meeting could provide clarity on the formulaic rate structure, but it is advisable to wait for the meeting for more information [69][70]
Fortis (FTS) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2026-02-12 13:30
Fortis (FTS) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.26%. A quarter ago, it was expected that this electric and gas utility would post earnings of $0.61 per share when it actually produced earnings of $0.59, delivering a surprise of -3.28%.Over the last four quarters, the c ...
Fortis(FTS) - 2025 Q4 - Earnings Call Presentation
2026-02-12 13:30
Q4 2025 EARNINGS CONFERENCE CALL February 12, 2026 FORWARD-LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business ...
Fortis Inc. Files 2025 Year-End Disclosure Documents
Globenewswire· 2026-02-12 12:17
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), today filed its audited Consolidated Financial Statements, related Management Discussion and Analysis and Form 40-F for the year ended December 31, 2025, as well as its 2025 ...
Fortis (NYSE:FTS) Earnings Call Presentation
2026-02-12 12:00
INVESTOR PRESENTATION Q1 2026 FORWARD LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospects and opport ...
Fortis Inc. Reports Fourth Quarter & Annual 2025 Results
Globenewswire· 2026-02-12 11:00
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a diversified leader in the North American regulated electric and gas utility industry, released its 2025 fourth quarter and annual financial results.1 Highlights Annual net ...
Fortis Inc. Announces Second Quarter Dividends – 2026
Globenewswire· 2026-02-11 22:42
Core Viewpoint - Fortis Inc. has declared dividends for its shareholders, highlighting its financial stability and commitment to returning value to investors [2][5]. Group 1: Dividend Declaration - The Board of Directors of Fortis has declared dividends payable on June 1, 2026, to shareholders of record as of May 15, 2026 [2]. - The common share dividend and preference share dividends are designated as eligible dividends for federal and provincial dividend tax credit purposes [2]. Group 2: Company Overview - Fortis is a diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of CAD 12 billion and total assets of CAD 75 billion as of September 30, 2025 [3]. - The company employs 9,600 individuals and serves utility customers across five Canadian provinces, ten U.S. states, and the Caribbean [3]. - Fortis shares are listed on the TSX and NYSE under the symbol FTS [3]. Group 3: Dividend Amounts - The declared dividends include: - CAD 0.3063 per share on the First Preference Shares, Series "F" - CAD 0.3826875 per share on the First Preference Shares, Series "G" - CAD 0.26144 per share on the First Preference Shares, Series "H" - CAD 0.224630 per share on the First Preference Shares, Series "I" - CAD 0.2969 per share on the First Preference Shares, Series "J" - CAD 0.3418125 per share on the First Preference Shares, Series "K" - CAD 0.3433125 per share on the First Preference Shares, Series "M" - CAD 0.64 per share on the Common Shares [5].