分组1 - Fortis reported quarterly earnings of $0.65 per share, exceeding the Zacks Consensus Estimate of $0.62 per share, and showing an increase from $0.59 per share a year ago, resulting in an earnings surprise of +5.26% [1] - The company achieved revenues of $2.21 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.38%, and up from $2.11 billion year-over-year [2] - Fortis has outperformed the S&P 500 with a share price increase of about 4.9% since the beginning of the year, compared to the S&P 500's gain of 1.4% [3] 分组2 - The earnings outlook for Fortis is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Fortis was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - Current consensus EPS estimate for the next quarter is $0.73 on revenues of $2.38 billion, and for the current fiscal year, it is $2.59 on revenues of $9.26 billion [7] 分组3 - The outlook for the Utility - Electric Power industry, where Fortis operates, is currently in the bottom 44% of over 250 Zacks industries, which may impact stock performance [8] - Algonquin Power & Utilities, a peer in the same industry, is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of -16.7%, with revenues projected at $588.72 million, up 0.7% from the previous year [9][10]

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 ...

Core Viewpoint - Fortis Inc. has filed its audited financial statements for the year ended December 31, 2025, along with related documents with Canadian and U.S. regulatory authorities, indicating a commitment to transparency and regulatory compliance [2]. Financial Performance - Fortis reported a revenue of $12 billion for the year 2025 and total assets amounting to $75 billion as of December 31, 2025 [4]. Corporate Structure and Operations - Fortis operates as a diversified leader in the North American regulated electric and gas utility industry, employing approximately 9,900 individuals and serving utility customers across five Canadian provinces, ten U.S. states, and the Caribbean [4]. Regulatory Filings - The Corporation has filed its Form 40-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission, alongside its annual information form with Canadian securities regulatory authorities [2]. Shareholder Engagement - The Management Information Circular for the upcoming Annual Meeting of Shareholders is expected to be available to shareholders in late March [3].

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 ...

Core Viewpoint - Fortis Inc. demonstrated strong financial and operational performance in 2025, with a focus on reliability, affordability, and disciplined capital execution, leading to solid results and a commitment to long-term value creation [3] Financial Performance - Net earnings for 2025 were reported at $1.7 billion, or $3.40 per common share, an increase from $1.6 billion, or $3.24 per common share in 2024 [4] - Adjusted net earnings per common share rose to $3.53 in 2025 from $3.28 in 2024, reflecting a growth of $151 million or $0.25 per share [5][9] - For Q4 2025, net earnings were $422 million, or $0.83 per common share, compared to $396 million, or $0.79 per common share in Q4 2024 [10] Capital Expenditures and Growth Plans - Fortis announced a five-year capital plan of $28.8 billion, aimed at driving a long-term rate base growth of 7% and supporting annual dividend growth of 4-6% through 2030 [3][20] - Capital expenditures totaled $5.6 billion in 2025, contributing to a midyear rate base of $42.4 billion, representing a 7% growth over 2024 [12][20] Regulatory Updates - The Arizona Corporation Commission approved an Energy Supply Agreement for a planned data center in Tucson Electric Power's service territory, expected to be operational by 2027 [15] - A Recommended Opinion and Order on the UNS Gas General Rate Application suggested an allowed ROE of 9.57% and a 56% common equity component, pending ACC approval [16] Climate Resiliency and Decarbonization Efforts - Fortis released its 2026 Climate Resiliency Report, detailing climate risks and adaptation measures, with a commitment to a coal-free generation mix by 2032 and net-zero emissions by 2050 [17][19] - The company achieved a 38% reduction in scope 1 greenhouse gas emissions through 2025 compared to 2019 levels [19] Outlook and Future Opportunities - The capital plan is expected to increase the midyear rate base to $57.9 billion by 2030, with a compound annual growth rate of 7% [20] - Future growth opportunities include expanding the electric transmission grid, investments in renewable gas and liquefied natural gas infrastructure, and enhancing grid resiliency [21]

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].

Core Viewpoint - Fortis Inc. is set to release its 2025 financial results on February 12, 2026, with a teleconference and webcast scheduled for the same day at 8:30 a.m. Eastern Time, featuring discussions by the President and CEO, David Hutchens, and the Executive Vice President and CFO, Jocelyn Perry [1]. Group 1 - The teleconference will be accessible to shareholders, analysts, media members, and other interested parties via a live webcast on the company's website [2]. - Participants in North America can join the call toll-free at 1.833.821.0229, while international participants can call 1.647.846.2371, with a recommendation to dial in 10 minutes early [3]. - A live and archived audio webcast of the teleconference will be available on the company's website, with a replay accessible two hours after the call until March 12, 2026 [4]. Group 2 - Fortis is a diversified leader in the North American regulated electric and gas utility industry, reporting $12 billion in revenue for 2024 and total assets of $75 billion as of September 30, 2025 [5]. - The company employs 9,600 individuals and serves utility customers across five Canadian provinces, ten U.S. states, and the Caribbean [5]. - Fortis shares are publicly traded on both the TSX and NYSE under the symbol FTS [5].

Economic Overview - Consumer confidence in the U.S. has dropped to 84.5 in January, a decline of 9.7 points from the previous month, marking a 12-year low [5] - The percentage of consumers who believe jobs are "plentiful" has decreased to 23.9%, the lowest since February 2021, while 20.8% of respondents find jobs "hard to find," the highest since February 2021 [6] - The labor market has been struggling, with the unemployment rate remaining at 4.4% in December, indicating potential further increases in January due to low consumer confidence [7] - The Federal Reserve has kept interest rates unchanged amid high inflation, leading to uncertainty regarding its near-term monetary policy [8] Investment Recommendations - Investors are advised to focus on low-beta, defensive stocks from the utility, healthcare, and consumer staples sectors to mitigate market volatility [3][4] - Recommended stocks include Ameren Corporation (AEE), Fortis, Inc. (FTS), Cardinal Health, Inc. (CAH), and J&J Snack Foods Corp. (JJSF), all of which have a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [3][10] Company Profiles - **Ameren Corporation (AEE)**: A utility company serving nearly 2.4 million electric and over 900,000 natural gas customers, with an expected earnings growth rate of 8.2% for the current year and a dividend yield of 2.75% [9][11] - **Fortis, Inc. (FTS)**: Engaged in electric and gas utility business, with an expected earnings growth rate of 5.4% for the current year and a dividend yield of 3.42% [12][13] - **Cardinal Health, Inc. (CAH)**: A major healthcare services provider serving nearly 90% of U.S. hospitals, with an expected earnings growth rate of 21.5% for the current year and a dividend yield of 0.95% [14][15] - **J&J Snack Foods Corp. (JJSF)**: Manufacturer and distributor of branded snack foods, with an expected earnings growth rate of 4.5% for the current year and a dividend yield of 3.37% [16][17]

Core Insights - The article discusses the impact of ongoing inflation on the Federal Reserve's monetary policy and suggests focusing on low-beta defensive stocks to navigate market volatility [2][3][10] Economic Context - Inflation has risen, with the personal consumption expenditure (PCE) index increasing by 2.8% year-over-year in November, moving further away from the Federal Reserve's 2% target [6][8] - Personal income growth has slowed, with increases of 0.1% in October and 0.3% in November, below analysts' expectations [9] Investment Recommendations - Investors are advised to consider low-beta defensive stocks, particularly in the utility and consumer staples sectors, to mitigate market fluctuations [4][5] - Featured stocks include: - **Ameren Corp. (AEE)**: Expected earnings growth rate of 8.2%, Zacks Rank 2, beta of 0.58, dividend yield of 2.78% [12][13] - **Fortis, Inc. (FTS)**: Expected earnings growth rate of 4.2%, Zacks Rank 2, beta of 0.50, dividend yield of 3.46% [14][15] - **ONE Gas, Inc. (OGS)**: Expected earnings growth rate of 11.8%, Zacks Rank 2, beta of 0.81, dividend yield of 3.47% [16] - **Hormel Foods Corp. (HRL)**: Expected earnings growth rate of 6.6%, Zacks Rank 2, beta of 0.33, dividend yield of 4.76% [17] - **J&J Snack Foods Corp. (JJSF)**: Expected earnings growth rate of 4.5%, Zacks Rank 2, beta of 0.34, dividend yield of 3.43% [18][19]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Fortis (FTS) - Fortis currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - Over the past week, Fortis shares increased by 1.48%, while the Zacks Utility - Electric Power industry declined by 0.83% [6] - In the last month, Fortis shares rose by 1.62%, compared to the industry's performance of 2.71% [6] - Over the past quarter, Fortis shares have risen by 4.92%, and over the last year, they are up 24.23%, significantly outperforming the S&P 500's increases of 2.92% and 14.29%, respectively [7] Trading Volume - Fortis has an average 20-day trading volume of 1,047,173 shares, which serves as a bullish indicator when the stock price is rising [8] Earnings Outlook - In the past two months, one earnings estimate for Fortis has increased, raising the consensus estimate from $2.47 to $2.49 for the full year [10] - For the next fiscal year, two estimates have moved upwards with no downward revisions during the same period [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, Fortis is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]