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Fortis

FTS · Utilities

Last earnings Jul 31, 2026  ·  Next earnings Nov 3, 2026

Key results

Net incomequarter

$384 million

net earnings of $384 million or $0.76 per common share, up from $331 million or $0.67 per common share in 2024 Capital expenditures 2 of $2.9 billion in the first half of 2025 $5.2 billion annual capital plan on track Load growth opportunities at Tucson Electric Power ( TEP ) advanced with an agreement to provide 300 M

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Net Earnings The Corporation reported net earnings attributable to common equity shareholders ( Net Earnings ) of $384 million for the second quarter of 2025, or $0.76 per common share, an increase of $53 million, or $0.09 per common share compared to the second quarter of 2024.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Net incomeytd

$883 million

On a year-to-date basis, Net Earnings were $883 million, or $1.76 per common share, an increase of $93 million, or $0.16 per common share compared to the same period in 2024.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Revenuequarter

US$172 million

The application includes a US$172 million net increase in retail revenue including savings associated with fuel costs.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

revenue of $12 billion and total assets of $73 billion as at June 30, 2025.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

The application includes a US$ 172 million net increase in retail revenue including savings associated with fuel costs.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

During the three and six months ended June 30, 2025, gains of $ 1 million and $ 32 million were recognized in revenue, respectively (three and six months ended June 30, 2024 - gains of $ nil million and $ 36 million, respectively).

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

ABOUT FORTIS Fortis (TSX NYSE FTS) is a well-diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $73 billion as at June 30, 2025.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

AI analysis

Q2 2025 · reported Aug 1, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Revenue · Q2 2025
US$172M
EX-99 · Aug 1, 2025
Net income · Q2 2025
$384M
EX-99 · Aug 1, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Net income$384 million——
RevenueUS$172 million——

EX-99 · Aug 1, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNov 3, 2026Verified from the company’s own announcement

Capital allocation

Net income$384M
Dividend6%

1 Highlights Second quarter net earnings of $384 million or $0.76 per common share, up from $331 million or $0.67 per common share in 2024 Capital expenditures 2 of $2.9 billion in the first half of 2025 $5.2 billion annual capital plan on track Load growth opportunities at Tucson Electric Power ( TEP ) advanced with an agreement to provide 300 MW to a data center TEP filed a general rate application seeking new rates in 2026 and an annual rate adjustment mechanism Joint proposal filed with the New York State Public Service Commission for Central Hudson's general rate application Fitch Ratings, Inc.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

RELEASES SECOND QUARTER 2025 RESULTS

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

1 Highlights Second quarter net earnings of $384 million or $0.76 per common share, up from $331 million or $0.67 per common share in 2024 Capital expenditures 2 of $2.9 billion in the first half of 2025 $5.2 billion annual capital plan on track Load growth opportunities at Tucson Electric Power ( TEP ) advanced with an agreement to provide 300 MW to a data center TEP filed a general rate application seeking new rates in 2026 and an annual rate adjustment mechanism Joint proposal filed with the New York State Public Service Commission for Central Hudson's general rate application Fitch Ratings, Inc.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

assigned first-time issuer and senior unsecured debt ratings of BBB+ to Fortis with a stable outlook Our strong results for the first half of 2025 reflect the disciplined execution of our capital plan and regulated growth strategy, said David Hutchens, President and Chief Executive Officer, Fortis.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

The change in earnings per share for both the second quarter and year-to-date periods also reflected an increase in the weighted average number of common shares outstanding, largely associated with the Corporation's dividend reinvestment plan.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

2 Capital expenditures is a financial measure used by Fortis that does not have a standardized meaning under generally accepted accounting principles in the United States of America ( U.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

assigned first-time issuer and senior unsecured debt ratings of BBB+ to the Corporation with a stable outlook.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

3 Fortis expects its long-term growth in rate base will drive earnings that support dividend growth guidance of 4-6% annually through 2029.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Strategy & priorities

assigned first-time issuer and senior unsecured debt ratings of BBB+ to Fortis with a stable outlook Our strong results for the first half of 2025 reflect the disciplined execution of our capital plan and regulated growth strategy, said David Hutchens, President and Chief Executive Officer, Fortis.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Beyond the five-year capital plan, opportunities to expand and extend growth include further expansion of the electric transmission grid in the U.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Circuit Court") in January 2025, with particular focus on the refund period and related interest.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

For additional information on the Corporation's operations, reportable segments and strategy, refer to the About Fortis section of the 2024 Annual MD A and Note 1 to the Interim Financial Statements.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Circuit Court in January 2025, with particular focus on the refund period and related interest.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Risks & headwinds

The Corporation continues to monitor government policy on foreign trade, including the imposition of tariffs and the potential impacts on the supply chain, commodity prices, the cost of energy and general economic conditions.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Forward-looking information involves significant risks, uncertainties and assumptions.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

The estimates cannot be determined with precision as they involve uncertainties and matters of judgment and, therefore, may not be relevant in predicting the Corporation's future consolidated earnings or cash flow.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

These factors, including new or revised tariffs, could change and cause actual expenditures to differ from forecast.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

In particular, the Corporation continues to monitor government policy on foreign trade, including the imposition of tariffs and the potential impacts on the supply chain, commodity prices, the cost of energy and general economic conditions.

SEC original ↗Fortis — Earnings release (6-K exhibit)EX-99Aug 1, 2025

Documents

Earnings deck slides

0 decks with slide view

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Fortis — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

American Water Works (AWK) UtilitiesFirstEnergy (FE) UtilitiesEdison International (EIX) UtilitiesDuke Energy (DUK) UtilitiesPublic Service Enterprise Group (PEG) UtilitiesConstellation Energy (CEG) UtilitiesWEC Energy Group (WEC) UtilitiesExelon (EXC) Utilities

Filings

98 documents

Earnings releases

49 documents

Presentations

8 documents

Transcripts

0 documents

No transcripts for Fortis are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Fortis by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.