Fortis Inc (FTS)
NYSE:FTS
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.65Last Year’s EPS
0.72Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong positives: substantial capital investment ($5.6B in 2025), a $28.8B five-year capital plan with expected 7% average annual rate base growth, EPS and TSR improvement (adjusted EPS +$0.25; 1-year TSR ~24%), continued dividend growth (4% increase; 52-year streak), solid liquidity and stable S&P ratings. Challenges highlighted include disposition-related EPS losses ($0.13/share), regulatory lag (notably ~USD 700M of UNS rate base), higher finance and compensation costs, and ongoing regulatory uncertainties in Arizona and project timing/approvals (e.g., Tilbury environmental reviews). Overall, the positives — clear growth plan, strong capital deployment, improving credit outlook and shareholder returns — outweigh the moderating headwinds and uncertainties.Company Guidance
Large Capital Investment in 2025
Utilities invested $5.6 billion in capital in 2025 to strengthen systems, enhance resilience and support long-term customer needs.
Largest Five-Year Capital Plan
Launched a $28.8 billion 5-year capital plan (largest to date) focused on regulated transmission and distribution; expects rate base to increase by $16 billion and average annual rate base growth of 7% over the plan.
Earnings Per Share Growth
Adjusted EPS of $3.53 in 2025, up $0.25 (approximately +7.6%) versus 2024; reported EPS $3.40, up $0.16 (approximately +4.9%). Fourth-quarter reported EPS was $0.83, up $0.04 (approximately +5.1%) year-over-year; adjusted Q4 EPS +$0.07 versus prior year.
Strong Shareholder Returns
1-year total shareholder return nearly 24%; 20-year average annual TSR approximately 10%, outperforming benchmark indices over the long term.
Dividend Track Record and Guidance
Increased dividends paid per common share by 4% in 2025 versus 2024, marking 52 consecutive years of dividend increases; reaffirmed dividend growth guidance of 4%–6% annually through 2030.
Liquidity and Funding Strength
Issued $2.7 billion of long-term debt in 2025 and had nearly $4.0 billion available on credit facilities at year-end; $500 million ATM program remains available but unused.
Credit Rating Stability
S&P confirmed A- issuer rating and BBB+ senior unsecured rating in November and revised outlook from negative to stable due to improving financial measures and mitigations for physical risks.
Arizona Data Center Opportunity
ACC approved a 10-year energy supply agreement for ~300 MW in Tucson Electric Power territory at full tariff rates with no discount, 75% minimum billing requirement and strong credit/security terms; ramp begins 2027 through 2029. Potential for an incremental 300 MW at the site and a second site of 500–700 MW, with estimated new generation requirements of USD 1.5–2.0 billion through 2030 if agreements finalize.
Operational Reliability and Cost Management
2025 was one of the best years on record for safety and reliability (better than Canadian and U.S. industry averages). Controllable operating costs were managed at or below inflation; deployed grid-enhancing tech and AI for vegetation management/equipment inspections.
Segment-Level EPS Drivers
Western Canadian utilities contributed +$0.10 to EPS (rate base growth and Eagle Mountain Pipeline contribution). U.S. electric & gas utilities contributed +$0.08 (Central Hudson rebasing and transmission increases). ITC capital investment growth increased EPS by +$0.04.
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
FTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $54.05 | $55.63 | +2.92% |
Nov 04, 2025 | $48.97 | $49.65 | +1.38% |
Aug 01, 2025 | $47.72 | $48.62 | +1.88% |
May 07, 2025 | $47.34 | $48.04 | +1.47% |
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.
FAQ
When does Fortis Inc (FTS) report earnings?
Fortis Inc (FTS) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Fortis Inc (FTS) earnings time?
Fortis Inc (FTS) earnings time is at May 06, 2026, Before Open (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 2026 (Q1) is 0.65.