Fortis (NYSE:FTS) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Fortis (NYSE:FTS) posted its earnings results on Thursday. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03, Zacks reports. Fortis had a net margin of 14.18% and a return on equity of 7.05%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share.

Here are the key takeaways from Fortis’ conference call:

• Fortis unveiled a new CAD 28.8 billion five-year capital plan focused on transmission and distribution that management says is highly executable and is expected to drive ~7% average annual rate-base growth.
• 2025 results showed continued momentum — adjusted EPS of CAD 3.53 (up CAD 0.25 YoY), CAD 5.6 billion of utility capital invested, ~24% one?year TSR, and a 4% dividend increase marking 52 consecutive years of dividend growth with 4%–6% annual dividend guidance through 2030.
• Management highlighted a material new growth opportunity in Arizona — a 10?year, ~300 MW energy supply agreement at full tariff with a 75% minimum billing requirement and strong credit/security provisions, with potential for another 300 MW on site and additional sites that could require CAD 1.5–2 billion of generation through 2030.
• Regulatory uncertainty remains a near?term risk — ALJ recommendations in Arizona rate cases include changes to proposed formula rates, ROE and efficiency credits are contested, ACC orders are pending, and FERC developments affecting ITC incentives/ROE remain unresolved.
• Liquidity and ratings are solid — ~CAD 4 billion available on credit facilities, CAD 2.7 billion of long?term debt issued in 2025, S&P affirmed an A? issuer rating with stable outlook, while Moody’s ratings were withdrawn at Fortis Inc.’s request (no change to utility standalone ratings).

Fortis Trading Up 1.5%

Shares of FTS traded up $0.86 during midday trading on Friday, reaching $56.95. The company had a trading volume of 622,066 shares, compared to its average volume of 1,099,090. Fortis has a 1-year low of $42.95 and a 1-year high of $56.96. The stock has a market cap of $28.89 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 4.26 and a beta of 0.50. The firm has a 50 day simple moving average of $52.30 and a 200-day simple moving average of $51.14. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 1.32.

Fortis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, May 15th. Fortis’s dividend payout ratio is presently 75.83%.

Institutional Investors Weigh In On Fortis

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in Fortis in the first quarter valued at approximately $311,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fortis by 19.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 565,150 shares of the utilities provider’s stock valued at $25,760,000 after buying an additional 90,776 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Fortis by 148.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,902 shares of the utilities provider’s stock valued at $139,000 after buying an additional 1,732 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Fortis by 3.4% in the 2nd quarter. Baird Financial Group Inc. now owns 33,996 shares of the utilities provider’s stock valued at $1,623,000 after buying an additional 1,109 shares during the period. Finally, Cerity Partners LLC lifted its stake in Fortis by 4.4% during the 2nd quarter. Cerity Partners LLC now owns 10,343 shares of the utilities provider’s stock worth $494,000 after acquiring an additional 439 shares in the last quarter. 57.77% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Fortis

Here are the key news stories impacting Fortis this week:

• Positive Sentiment: Management unveiled a record $28.8 billion multi?year capital plan to 2029, reinforcing growth visibility from regulated utility investments — a constructive driver for future rate base growth and earnings power. Fortis Posts Higher 2025 Earnings and Unveils Record $28.8 Billion Capital Plan
• Positive Sentiment: Board declared a quarterly common dividend of $0.64 per share (annualized yield ~4.6%), supporting income investors and reinforcing Fortis’s dividend credibility. Fortis Inc. Announces Second Quarter Dividends – 2026
• Positive Sentiment: Q4 EPS beat consensus: reported $0.65 vs. ~$0.62 expected — the beat supports near?term earnings momentum and helped limit downside from the revenue shortfall. Fortis (FTS) Surpasses Q4 Earnings and Revenue Estimates
• Neutral Sentiment: Company filed audited year?end financial and regulatory disclosure documents and posted the full Q4 press release and slide deck — provides transparency but no surprise. Fortis Inc. Reports Fourth Quarter & Annual 2025 Results
• Neutral Sentiment: Management held an earnings presentation and call (slides/transcript available) that highlighted strategic investments and regulated growth plans — useful for modeling but not an immediate catalyst beyond the capital plan. Fortis Inc. 2025 Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Revenue missed expectations materially: reported $2.13B vs. consensus ~$2.54B, which raises near?term growth/volume questions and partially offsets the EPS beat. Fortis Earnings Report & Call
• Negative Sentiment: Q4 EPS declined year?over?year (from $0.83 in prior comparable quarter to $0.65), signaling some operational/seasonal headwinds despite the beat vs. street estimates. Fortis Inc (FTS) Q4 2025 Earnings Call Highlights

Wall Street Analysts Forecast Growth

FTS has been the topic of several research analyst reports. National Bank Financial restated a “sector perform” rating on shares of Fortis in a research note on Wednesday, November 5th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Fortis in a report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Fortis in a research note on Thursday, January 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fortis in a report on Friday. Finally, Scotiabank reiterated a “sector perform” rating on shares of Fortis in a research note on Friday. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.00.

About Fortis

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.