Education
About Us
Working with TipRanks
Follow Us
Fortis Inc (TSE:FTS)
TSX:FTS
Earnings Data
Report Date
Aug 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.7Last Year’s EPS
0.67Same Quarter Last Year
Moderate Sell
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -0.92%
|Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong EPS growth, substantial capital investments, and a commitment to dividend growth. However, challenges such as UNS Energy's EPS decline, potential tariff impacts, and a lower ROE in Alberta were noted. Despite these lowlights, the overall sentiment leans towards a positive trajectory for growth and regulatory success.Company Guidance
During the Fortis Inc. First Quarter 2025 Earnings Conference Call, the company provided detailed guidance for the fiscal year. David Hutchens, President and CEO, highlighted that Fortis invested $1.4 billion into utility systems during the quarter, achieving an earnings per share (EPS) of $1, a $0.07 increase from the same period in the previous year. The company plans to follow through on a five-year capital plan worth $26 billion, with 27% of the 2025 capital plan already invested in Q1. This long-term plan aims to increase the rate base by approximately $14 billion, reaching $53 billion by 2029, supporting an average annual rate-based growth of 6.5%. Fortis remains focused on transmission investments, such as the US$3.7 billion to US$4.2 billion committed to MISO LRTP Tranche 2.1 projects. The company is also carefully monitoring potential impacts of government policies on tariffs, inflation, and supply chain availability. Fortis has a strong track record of dividend growth, committing to a 4% to 6% annual increase through 2029, while maintaining a stable financial outlook, as evidenced by recent affirmations of credit ratings by Moody's and DBRS.Earnings Per Share Growth
Fortis reported an EPS of $1, a $0.07 increase over the same quarter last year.
Strong Capital Investment
Invested $1.4 billion in utility systems as part of the 2025 capital plan, with 27% of the five-year $26 billion plan already invested.
Rate Base Growth
Projected rate base increase by approximately $14 billion to $53 billion by 2029, supporting an average annual rate-based growth of 6.5%.
Dividend Growth Commitment
Fortis is committed to an annual dividend growth guidance of 4% to 6% through 2029, marking 51 consecutive years of increasing dividends.
Regulatory Success
Received a constructive outcome for FortisBC's multi-year rate framework and continued progress on regulatory fronts in Arizona and New York.
---
TSE: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
---
TSE:FTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | C$67.53 | C$68.84 | +1.94% |
Feb 14, 2025 | C$62.28 | C$63.02 | +1.19% |
Nov 05, 2024 | C$58.06 | C$59.80 | +3.01% |
Jul 31, 2024 | C$55.46 | C$56.04 | +1.05% |
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 (TSE:FTS) report earnings?
Fortis Inc (TSE:FTS) is schdueled to report earning on Aug 01, 2025, TBA Not Confirmed.
What is Fortis Inc (TSE:FTS) earnings time?
Fortis Inc (TSE:FTS) earnings time is at Aug 01, 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 TSE:FTS EPS forecast?
TSE:FTS EPS forecast for the fiscal quarter 2025 (Q2) is 0.7.
---