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Fortis Inc (FTS)
NYSE:FTS
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.56Last Year’s EPS
0.5Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: 1.26%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong financial performance and an increased capital expenditure plan. Key highlights included a dividend increase and significant growth opportunities in Arizona and MISO projects. However, there were challenges such as increased finance costs and regulatory issues impacting MISO ROE.Company Guidance
During the Fortis Q3 2024 earnings call, the company provided robust guidance and updates across several key metrics. Fortis reported a year-to-date investment of $3.6 billion in energy systems, expecting to reach $5.2 billion by year-end. They announced a new five-year capital plan from 2025 to 2029 worth $26 billion, an increase of $1 billion over the previous plan, aimed at supporting an average annual rate base growth of 6.5%. The Board of Directors approved a 4% dividend increase for the fourth quarter, extending the 4% to 6% annual dividend growth guidance through 2029. Fortis also highlighted key projects like the MISO LRTP Tranche 2.1, with ITC's estimated investment portion being at least USD 3 billion. Financially, the company reported a Q3 adjusted EPS of $0.85, reflecting a $0.01 increase year-over-year, with significant contributions from U.S. electric and gas utilities, particularly UNS Energy. The ongoing focus remains on executing the capital plan, enhancing grid resiliency, supporting customer growth, and maintaining customer affordability.Strong Financial Performance
Reported and adjusted EPS for Q3 were $0.85, $0.01 higher than last year. Year-to-date adjusted EPS increased by $0.08 to $2.45.
Increased Capital Expenditure Plan
2024 capital program increased to $5.2 billion, $400 million higher than previously planned. 5-year capital plan increased by $1 billion to $26 billion.
Dividend Increase and Guidance
Declared a 4.2% increase in the fourth quarter dividend and extended annual dividend growth guidance of 4% to 6% through 2029.
Positive Developments in Arizona
Significant service requests from data centers and other large potential customers could lead to substantial new energy needs.
MISO Tranche 2.1 Project Progress
MISO released its final map of the tranche 2.1 LRTP projects, with ITC estimating its portion to be at least USD 3 billion.
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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 |
|---|---|---|---|
| Nov 05, 2024 | $42.15 | $43.64 | +3.53% |
| Jul 31, 2024 | $40.44 | $41.02 | +1.43% |
| May 01, 2024 | $38.11 | $38.33 | +0.58% |
| Feb 09, 2024 | $37.35 | $37.46 | +0.29% |
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 Feb 14, 2025, TBA Not Confirmed.
What is Fortis Inc (FTS) earnings time?
Fortis Inc (FTS) earnings time is at Feb 14, 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 2024 (Q4) is 0.56.
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