Fortis(FTS)
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Fortis(FTS) - 2023 Q2 - Earnings Call Presentation
2023-08-02 11:40
| --- | --- | --- | |--------------------------|-------|-------| | | | | | | | | | | | | | | | | | Q2 2023 | | | | Earnings Conference Call | | | | August 2, 2023 | | | | | | | | | | | Forward looking information involves significant risks, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information, including, without limitation: no material impact from energy price volatility, global supply chain constrain ...
Fortis(FTS) - 2023 Q1 - Earnings Call Transcript
2023-05-03 16:00
Fortis Inc. (NYSE:FTS) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Conference Call Participants Welcome to the Fortis Q1 2023 earnings conference call and webcast. During the call, all participants will be in a listen-only mode. There will be a question and answer session following the presentation. At that time, those with questions should press star followed by one on their telephone. If at any time during the conference you need to reach an Operator, please press star, zero. David Hutchens - ...
Fortis(FTS) - 2022 Q4 - Earnings Call Presentation
2023-02-10 17:20
DEBT MATURITIES (1) Non-Regulated Regulated (1) Includes non-regulated debt issued at Fortis Inc. and ITC Holdings. INVESTMENT-GRADE CREDIT RATINGS (1) S&P credit ratings for Fortis Inc. and ITC Holdings Corp. reflect the issuer credit ratings. The unsecured debt rating for Fortis Inc. and ITC Holdings Corp. is BBB+. 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 Secur ...
Fortis(FTS) - 2022 Q4 - Earnings Call Transcript
2023-02-10 17:20
Fortis Inc. (NYSE:FTS) Q4 2022 Earnings Conference Call February 10, 2023 8:30 AM ET Company Participants Stephanie Amaimo - VP of IR David Hutchens - President, CEO & Director Jocelyn Perry - EVP & CFO Susan Gray - President & CEO, UNS Energy Linda Apsey - President & CEO, ITC Holdings Corp Roger Dall’Antonia - President, CEO & Director, FortisBC Conference Call Participants Maurice Choy - RBC Rob Hope - Scotiabank Linda Ezergailis - TD Securities Mark Jarvi - CIBC Capital Markets Ben Pham - BMO Richard Su ...
Fortis(FTS) - 2022 Q4 - Annual Report
2023-02-09 16:00
Financial Performance - Fortis reported net earnings of $1.3 billion, or $2.78 per common share for 2022, an increase from $1.2 billion, or $2.61 per common share in 2021, driven by rate base growth and higher electricity sales [3]. - The company achieved adjusted net earnings of $1.3 billion for 2022, up $110 million from 2021, with adjusted net earnings per common share increasing to $2.78, representing approximately 7% annual EPS growth [6][8]. - Fortis' total revenue for 2022 was $11 billion, with total assets amounting to $64 billion as of December 31, 2022 [21]. Capital Expenditures and Investments - Capital expenditures for 2022 totaled $4.0 billion, with over $600 million focused on cleaner energy investments, resulting in a 7% growth in the rate base to $34.1 billion [9]. - Fortis announced a five-year capital plan of $22.3 billion, expected to increase the midyear rate base to $46.1 billion by 2027, translating to a compound annual growth rate of 6.2% [19]. - Fortis plans to invest $5.9 billion in cleaner energy over the next five years, focusing on renewable energy connections and sustainable infrastructure [9]. Environmental Goals - The company is on track to achieve a 75% reduction in greenhouse gas emissions by 2035, with a 28% reduction in Scope 1 emissions compared to 2019 levels [15]. Dividend Guidance - Fortis expects annual dividend growth guidance of 4-6% through 2027, supported by long-term growth in the rate base [20]. Project Updates - The Wataynikaneyap Transmission Power Project is 73% complete, with construction expected to finish in 2024, connecting three First Nation communities to the Ontario electric grid [17]. Operational Outlook - The company does not anticipate a material impact on operations or financial results in 2023 from energy price volatility, global supply chain constraints, or persistent inflation [18]. Investor Communication - The teleconference to discuss Fortis Inc.'s 2022 annual results is scheduled for February 10, 2023, at 8:30 a.m. (Eastern) [24]. - Participants can join the call by dialing 1.416.764.8658 for North America or 1.888.886.7786 for international access [25]. - A live and archived audio webcast of the teleconference will be available on Fortis Inc.'s website [26]. - The replay of the teleconference will be accessible two hours after the call until March 10, 2023 [26]. - Additional information, including Management Discussion and Analysis and Consolidated Financial Statements, can be found on Fortis Inc.'s website and other regulatory sites [27]. - Investor inquiries can be directed to Ms. Stephanie Amaimo, Vice President of Investor Relations, at 248.946.3572 [29]. - Media inquiries can be directed to Ms. Karen McCarthy, Vice President of Communications & Corporate Affairs, at 709.737.5323 [29].
Fortis (FTS) Investor Presentation - Slideshow
2022-12-09 14:46
FORTIS Retail Presentation December 2022 1 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 prospec ...
Fortis(FTS) - 2022 Q3 - Earnings Call Transcript
2022-10-28 22:52
Fortis Inc. (NYSE:FTS) Q3 2022 Results Conference Call October 28, 2022 8:30 AM ET Company Participants Stephanie Amaimo - VP of IR David Hutchens - President, CEO and Director Jocelyn Perry - Executive VP and CFO Linda Blair - President, CEO and Director Roger DallÂ'Antonia - President, CEO and Director Janine Sullivan - President, CEO and Director Conference Call Participants Maurice Choy - RBC Rob Hope - Scotiabank Linda Ezergailis - TD Securities Ben Pham - BMO Mark Jarvi - CIBC Capital Markets Andrew K ...
Fortis(FTS) - 2022 Q2 - Earnings Call Transcript
2022-07-28 22:09
Fortis Inc. (NYSE:FTS) Q2 2022 Earnings Conference Call July 28, 2022 8:30 AM ET Company Participants Stephanie Amaimo - Vice President, Investor Relations David Hutchens - President & Chief Executive Officer Jocelyn Perry - Executive Vice President & Chief Financial Officer Roger DallÂ'Antonia - President & Chief Executive Officer, FortisBC Inc Linda Apsey - President & Chief Executive Officer, ITC Holdings Corp Charlie Freni - President & Chief Executive Officer, Central Hudson Gas and Electric Conference ...
Fortis(FTS) - 2022 Q2 - Earnings Call Presentation
2022-07-28 20:58
FORTIS Q2 2022 EARNINGS CONFERENCE CALL July 28, 2022 1 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 bus ...
Fortis(FTS) - 2022 Q2 - Quarterly Report
2022-06-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Fortis Place, Suite 1100 5 Springdale Street St. John's, Newfoundland and Labrador Canada, A1E 0E4 (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☐ Form 40-F ☒ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting ...