Profile
Sector:
UtilitiesIndustry:
ElectricCountry:
CanadaIPO:
05 January 2010Website:
http://www.fortisinc.comNext earnings report:
07 February 2025Last dividends:
18 November 2024Next dividends:
N/APrice
after hours | Fri, 22 Nov 2024 23:01:50 GMTAnalysts recommendations
Institutional Ownership
FTS Latest News
Fortis, Inc. (NYSE:FTS ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Stephanie Amaimo - VP, IR David Hutchens - President and CEO Jocelyn Perry - EVP and CFO Linda Apsey - CEO, ITC Holdings Corp. Roger Dall'Antonia - President and CEO, FortisBC Janine Sullivan - President and CEO, FortisAlberta Susan Gray - President and CEO, UNS Energy Corporation Conference Call Participants Rob Hope - Scotiabank Maurice Choy - RBC Capital Markets Ben Pham - BMO Mark Jarvi - CIBC Capital Markets Patrick Kenny - National Bank Financial Michael Sullivan - Wolfe Research Operator Good morning, everyone. Thank you for standing by.
Dividend Aristocrats represent a wide range of stocks in different industries, but each of these companies holds one characteristic in common: their management teams have raised their dividend distributions each year for more than 25 years.
Fortis (FTS) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago.
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.
ST. JOHN'S, Newfoundland and Labrador, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2024 financial results on Tuesday, November 5, 2024. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's third quarter financial results.
Fortis (FTS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Dividend stocks are among the top assets long-term investors want to consider when it comes to building a stable income-generating portfolio over time.
ST. JOHN'S, Newfoundland and Labrador, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2024 financial results on Tuesday, November 5, 2024. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's third quarter financial results.
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.
Fortis Inc. delivered solid Q2-2024 results, with adjusted earnings up 8% year over year, beating consensus estimates again. Despite the positive performance, Fortis' stock is expensive at 18.5X earnings, making it vulnerable to interest rate hikes and equity valuation normalization. Preferred shares offer attractive yields and are more appealing than common shares.
What type of business is Fortis?
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
What sector is Fortis in?
Fortis is in the Utilities sector
What industry is Fortis in?
Fortis is in the Electric industry
What country is Fortis from?
Fortis is headquartered in Canada
When did Fortis go public?
Fortis initial public offering (IPO) was on 05 January 2010
What is Fortis website?
https://www.fortisinc.com
Is Fortis in the S&P 500?
No, Fortis is not included in the S&P 500 index
Is Fortis in the NASDAQ 100?
No, Fortis is not included in the NASDAQ 100 index
Is Fortis in the Dow Jones?
No, Fortis is not included in the Dow Jones index
When was Fortis the previous earnings report?
No data
When does Fortis earnings report?
The next expected earnings date for Fortis is 07 February 2025