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Fortis Inc (FTS)
NYSE:FTS
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.66Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -0.25%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call for Fortis Inc. reflects a positive outlook with record capital investments, dividend growth, and strong financial performance. However, challenges such as regulatory hurdles and potential impacts from foreign exchange fluctuations are noted. Overall, the highlights significantly outweigh the lowlights, indicating a strong positive sentiment.Company Guidance
During the Fortis Inc. Fourth Quarter and Annual 2024 Earnings Conference Call, the company provided detailed guidance on several financial metrics and strategic initiatives. Fortis reported a record capital investment of $5.2 billion and achieved a 6% growth in adjusted EPS for 2024. The company also announced its 51st consecutive year of increasing dividends, with a 4% rise to $2.39 per common share. The five-year capital plan, totaling $26 billion, is expected to increase the rate base by approximately $14 billion to reach $53 billion by 2029, supporting an average annual rate base growth of 6.5%. Fortis aims for stable and compelling returns, with a one-year total shareholder return of 14% and a 20-year average annual total shareholder return of 10%. The company's focus on reducing climate impacts was highlighted by a 34% reduction in Scope 1 emissions compared to 2019 levels. Looking forward, Fortis maintains its annual dividend growth guidance of 4% to 6% through 2029, leveraging its regulated growth strategy.Record Capital Investment
Fortis invested a record $5.2 billion in capital during 2024, supporting its regulated growth strategy and consistent execution.
Dividend Growth and Governance Recognition
Fortis increased its dividend for the 51st consecutive year and was ranked number one in governance among 215 companies in the S&P/TSX Composite Index by the Globe and Mail.
Strong Financial Performance
Adjusted EPS grew by approximately 6% in 2024, with a one-year total shareholder return of approximately 14%.
Significant Reduction in Emissions
Fortis reduced Scope 1 emissions by 34% compared to 2019 levels.
MISO Board Approval
The MISO Board approved Tranche 2.1 LRTP projects with 24 projects totaling US$21.8 billion.
Potential Growth in Arizona
TEP is negotiating for over 300 megawatts of new customer load using existing and planned capacity, which could increase TEP's retail sales by approximately 20%.
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FTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $43.89 | $44.45 | +1.28% |
| Nov 05, 2024 | $41.74 | $43.22 | +3.55% |
| Jul 31, 2024 | $40.05 | $40.62 | +1.42% |
| May 01, 2024 | $37.74 | $37.96 | +0.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fortis Inc (FTS) report earnings?
Fortis Inc (FTS) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Fortis Inc (FTS) earnings time?
Fortis Inc (FTS) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTS EPS forecast?
FTS EPS forecast for the fiscal quarter 2025 (Q1) is 0.69.
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