Fortis Key Executives
This section highlights Fortis's key executives, including their titles and compensation details.
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Fortis Earnings
This section highlights Fortis's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-14 | $0.57 | $0.59 |
| Read Transcript | Q3 | 2024 | 2024-11-05 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-31 | $0.47 | $0.48 |
| Read Transcript | Q1 | 2024 | 2024-05-01 | $0.65 | $0.68 |
| Read Transcript | Q4 | 2023 | 2024-02-09 | $0.53 | $0.54 |
| Read Transcript | Q3 | 2023 | 2023-10-27 | $0.59 | $0.61 |
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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 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 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 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 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company 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 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
$44.99
Stock Price
$22.46B
Market Cap
-
Employees
Saint John's, NF
Location
Financial Statements
Access annual & quarterly financial statements for Fortis, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $11.51B | $11.52B | $11.04B | $9.45B | $8.94B |
| Cost of Revenue | $3.25B | $6.66B | $3.95B | $2.95B | $2.56B |
| Gross Profit | $8.26B | $4.86B | $7.09B | $6.50B | $6.37B |
| Gross Profit Ratio | 71.77% | 42.20% | 64.21% | 68.80% | 71.33% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $62.00M | $92.00M | $45.00M | $31.00M |
| Other Expenses | $4.97B | $1.71B | $4.35B | $4.03B | $3.87B |
| Operating Expenses | $4.97B | $1.77B | $4.35B | $4.03B | $3.87B |
| Cost and Expenses | $8.22B | $8.43B | $8.30B | $6.98B | $6.43B |
| Interest Income | $64.00M | $76.00M | $11.00M | $5.00M | $13.00M |
| Interest Expense | $1.41B | $1.30B | $1.10B | $1.00B | $1.04B |
| Depreciation and Amortization | $1.93B | $1.77B | $1.67B | $1.50B | $1.43B |
| EBITDA | $5.51B | $5.15B | $4.50B | $4.02B | $3.97B |
| EBITDA Ratio | 47.85% | 44.70% | 41.73% | 42.76% | 45.63% |
| Operating Income | $3.29B | $3.08B | $2.74B | $2.47B | $2.51B |
| Operating Income Ratio | 28.61% | 26.78% | 24.81% | 26.13% | 28.07% |
| Total Other Income Expenses Net | $-1.12B | $-1.01B | $-937.00M | $-830.00M | $-888.00M |
| Income Before Tax | $2.17B | $2.07B | $1.80B | $1.64B | $1.62B |
| Income Before Tax Ratio | 18.89% | 17.97% | 16.33% | 17.35% | 18.13% |
| Income Tax Expense | $346.00M | $360.00M | $289.00M | $234.00M | $231.00M |
| Net Income | $1.68B | $1.57B | $1.39B | $1.29B | $1.27B |
| Net Income Ratio | 14.60% | 13.66% | 12.62% | 13.70% | 14.26% |
| EPS | $3.24 | $2.96 | $2.78 | $2.61 | $2.60 |
| EPS Diluted | $3.24 | $3.10 | $2.78 | $2.61 | $2.60 |
| Weighted Average Shares Outstanding | 496.20M | 507.93M | 478.60M | 470.90M | 464.80M |
| Weighted Average Shares Outstanding Diluted | 496.40M | 486.50M | 479.00M | 471.40M | 465.40M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.95B | $2.77B | $2.67B | $3.12B | $2.88B | $2.72B | $2.59B | $3.32B | $3.17B | $2.55B | $2.49B | $2.83B | $2.58B | $2.20B | $2.13B | $2.54B | $2.35B | $2.12B | $2.08B | $2.39B |
| Cost of Revenue | $790.00M | $737.00M | $1.93B | $2.24B | $899.00M | $773.00M | $787.00M | $1.31B | $1.27B | $804.00M | $797.00M | $1.08B | $885.00M | $624.00M | $593.00M | $849.00M | $726.00M | $572.00M | $514.00M | $750.00M |
| Gross Profit | $2.16B | $2.03B | $738.00M | $876.00M | $1.99B | $1.95B | $1.81B | $2.01B | $1.90B | $1.75B | $1.69B | $1.75B | $1.70B | $1.57B | $1.54B | $1.69B | $1.62B | $1.55B | $1.56B | $1.64B |
| Gross Profit Ratio | 73.21% | 73.40% | 27.60% | 28.10% | 68.80% | 71.60% | 69.70% | 60.50% | 60.00% | 68.50% | 68.00% | 61.80% | 65.70% | 71.60% | 72.20% | 66.60% | 69.05% | 73.03% | 75.25% | 68.63% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $- | $18.00M | $18.00M | $15.00M | $15.00M | $16.00M | $16.00M | $24.00M | $19.00M | $25.00M | $24.00M | $8.00M | $14.00M | $12.00M | $11.00M | $10.00M | $3.00M | $9.00M | $8.00M |
| Other Expenses | $1.29B | $1.22B | $51.00M | $27.00M | $18.00M | $20.00M | $20.00M | $1.18B | $1.15B | $1.05B | $1.08B | $1.08B | $7.00M | $13.00M | $19.00M | $17.00M | $-83.00M | $57.00M | $12.00M | $1.00M |
| Operating Expenses | $1.29B | $1.22B | $1.22B | $1.23B | $1.21B | $1.12B | $1.15B | $1.18B | $1.15B | $1.05B | $1.08B | $1.08B | $1.05B | $974.00M | $980.00M | $1.02B | $970.00M | $947.00M | $965.00M | $983.00M |
| Cost and Expenses | $2.08B | $1.96B | $1.93B | $2.24B | $2.11B | $1.90B | $1.94B | $2.49B | $2.42B | $1.86B | $1.87B | $2.16B | $1.94B | $1.60B | $1.57B | $1.87B | $1.70B | $1.52B | $1.48B | $1.73B |
| Interest Income | $15.00M | $17.00M | $16.00M | $16.00M | $22.00M | $20.00M | $18.00M | $16.00M | $11.00M | $277.00M | $2.00M | $1.00M | $5.00M | $- | $2.00M | $2.00M | $13.00M | $- | $3.00M | $5.00M |
| Interest Expense | $368.00M | $355.00M | $347.00M | $336.00M | $336.00M | $331.00M | $323.00M | $315.00M | $298.00M | $280.00M | $266.00M | $258.00M | $252.00M | $244.00M | $255.00M | $252.00M | $258.00M | $265.00M | $263.00M | $256.00M |
| Depreciation and Amortization | $500.00M | $480.00M | $480.00M | $467.00M | $454.00M | $443.00M | $440.00M | $436.00M | $422.00M | $422.00M | $417.00M | $407.00M | $384.00M | $380.00M | $369.00M | $372.00M | $347.00M | $358.00M | $366.00M | $357.00M |
| EBITDA | $1.41B | $1.40B | $1.24B | $1.36B | $1.25B | $1.28B | $1.11B | $1.28B | $1.20B | $1.14B | $1.06B | $1.11B | $1.04B | $992.00M | $938.00M | $1.05B | $1.01B | $963.00M | $973.00M | $1.02B |
| EBITDA Ratio | 47.88% | 50.38% | 45.62% | 43.07% | 44.12% | 47.96% | 43.64% | 39.14% | 40.62% | 45.05% | 43.31% | 39.54% | 41.04% | 46.08% | 45.26% | 42.58% | 43.69% | 47.95% | 47.14% | 42.70% |
| Operating Income | $864.00M | $814.00M | $738.00M | $876.00M | $779.00M | $821.00M | $654.00M | $830.00M | $753.00M | $697.00M | $614.00M | $676.00M | $646.00M | $598.00M | $557.00M | $668.00M | $650.00M | $602.00M | $598.00M | $658.00M |
| Operating Income Ratio | 29.30% | 29.38% | 27.64% | 28.09% | 27.00% | 30.19% | 25.21% | 25.01% | 23.77% | 27.30% | 24.69% | 23.84% | 25.01% | 27.23% | 26.15% | 26.31% | 27.71% | 28.38% | 28.79% | 27.52% |
| Total Other Income Expenses Net | $-320.00M | $-253.00M | $-282.00M | $-263.00M | $-225.00M | $-284.00M | $-259.00M | $-246.00M | $-229.00M | $-261.00M | $-231.00M | $-216.00M | $-208.00M | $-207.00M | $-213.00M | $-202.00M | $-217.00M | $-208.00M | $-216.00M | $-247.00M |
| Income Before Tax | $544.00M | $561.00M | $456.00M | $613.00M | $554.00M | $537.00M | $395.00M | $584.00M | $524.00M | $436.00M | $383.00M | $460.00M | $438.00M | $391.00M | $344.00M | $466.00M | $433.00M | $394.00M | $382.00M | $411.00M |
| Income Before Tax Ratio | 18.45% | 20.25% | 17.08% | 19.66% | 19.20% | 19.75% | 15.23% | 17.60% | 16.54% | 17.08% | 15.40% | 16.23% | 16.96% | 17.81% | 16.15% | 18.35% | 18.46% | 18.58% | 18.39% | 17.19% |
| Income Tax Expense | $93.00M | $83.00M | $69.00M | $101.00M | $119.00M | $92.00M | $49.00M | $100.00M | $104.00M | $65.00M | $53.00M | $67.00M | $67.00M | $49.00M | $48.00M | $70.00M | $57.00M | $58.00M | $58.00M | $58.00M |
| Net Income | $415.00M | $439.00M | $349.00M | $477.00M | $398.00M | $411.00M | $311.00M | $453.00M | $386.00M | $342.00M | $300.00M | $366.00M | $343.00M | $311.00M | $269.00M | $371.00M | $348.00M | $307.00M | $291.00M | $328.00M |
| Net Income Ratio | 14.07% | 15.84% | 13.07% | 15.30% | 13.80% | 15.12% | 11.99% | 13.65% | 12.18% | 13.40% | 12.06% | 12.91% | 13.28% | 14.16% | 12.63% | 14.61% | 14.83% | 14.47% | 14.01% | 13.72% |
| EPS | $0.80 | $0.85 | $0.67 | $0.93 | $0.78 | $0.81 | $0.61 | $0.90 | $0.77 | $0.71 | $0.63 | $0.77 | $0.78 | $0.63 | $0.54 | $0.76 | $0.74 | $0.63 | $0.59 | $0.67 |
| EPS Diluted | $0.80 | $0.85 | $0.67 | $0.93 | $0.78 | $0.81 | $0.61 | $0.90 | $0.77 | $0.71 | $0.63 | $0.77 | $0.78 | $0.62 | $0.54 | $0.76 | $0.74 | $0.63 | $0.59 | $0.67 |
| Weighted Average Shares Outstanding | 496.20M | 496.20M | 494.00M | 491.60M | 489.28M | 487.40M | 485.40M | 483.10M | 481.10M | 479.40M | 477.80M | 475.70M | 475.70M | 472.00M | 470.20M | 467.80M | 467.80M | 464.90M | 464.60M | 463.90M |
| Weighted Average Shares Outstanding Diluted | 496.40M | 496.40M | 494.20M | 491.80M | 489.28M | 487.70M | 485.70M | 483.40M | 481.10M | 479.90M | 478.30M | 476.10M | 476.10M | 472.50M | 470.60M | 468.20M | 468.20M | 465.50M | 465.20M | 464.60M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $220.00M | $625.00M | $209.00M | $131.00M | $249.00M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $220.00M | $625.00M | $209.00M | $131.00M | $249.00M |
| Net Receivables | $1.67B | $1.55B | $1.76B | $1.27B | $1.17B |
| Inventory | $685.00M | $566.00M | $661.00M | $478.00M | $422.00M |
| Other Current Assets | $1.22B | $1.28B | $1.64B | $850.00M | $767.00M |
| Total Current Assets | $3.80B | $4.03B | $4.27B | $2.73B | $2.61B |
| Property Plant Equipment Net | $49.52B | $43.44B | $41.71B | $37.86B | $36.04B |
| Goodwill | $13.11B | $12.18B | $12.46B | $11.72B | $11.79B |
| Intangible Assets | $1.66B | $1.51B | $1.55B | $1.34B | $1.29B |
| Goodwill and Intangible Assets | $14.77B | $13.69B | $14.01B | $13.06B | $13.08B |
| Long Term Investments | $484.00M | $370.00M | $316.00M | $178.00M | $158.00M |
| Tax Assets | $- | $- | $1.62B | $3.60B | $3.38B |
| Other Non-Current Assets | $4.91B | $4.39B | $2.33B | $231.00M | $215.00M |
| Total Non-Current Assets | $69.69B | $61.90B | $59.98B | $54.93B | $52.87B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $73.49B | $65.92B | $64.25B | $57.66B | $55.48B |
| Account Payables | $1.12B | $990.00M | $886.00M | $774.00M | $707.00M |
| Short Term Debt | $2.09B | $2.42B | $2.75B | $1.89B | $1.40B |
| Tax Payables | $304.00M | $268.00M | $370.00M | $269.00M | $224.00M |
| Deferred Revenue | $360.00M | $- | $401.00M | $222.00M | $214.00M |
| Other Current Liabilities | $2.16B | $2.29B | $2.62B | $1.87B | $1.82B |
| Total Current Liabilities | $6.04B | $5.96B | $6.62B | $4.80B | $4.15B |
| Long Term Debt | $31.61B | $27.61B | $26.30B | $24.07B | $23.48B |
| Deferred Revenue Non-Current | $128.00M | $168.00M | $107.00M | $99.00M | $132.00M |
| Deferred Tax Liabilities Non-Current | $5.02B | $-168.00M | $4.06B | $3.63B | $3.34B |
| Other Non-Current Liabilities | $4.83B | $8.84B | $8.49B | $7.87B | $7.57B |
| Total Non-Current Liabilities | $41.60B | $36.62B | $34.79B | $31.94B | $31.05B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $47.63B | $42.59B | $41.41B | $36.74B | $35.20B |
| Preferred Stock | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B |
| Common Stock | $15.59B | $15.11B | $14.66B | $14.24B | $13.82B |
| Retained Earnings | $4.52B | $4.11B | $3.73B | $3.46B | $3.21B |
| Accumulated Other Comprehensive Income Loss | $2.07B | $653.00M | $1.01B | $-40.00M | $34.00M |
| Other Total Stockholders Equity | $8.00M | $9.00M | $10.00M | $10.00M | $11.00M |
| Total Stockholders Equity | $23.81B | $21.50B | $21.03B | $19.29B | $18.70B |
| Total Equity | $25.85B | $23.33B | $22.84B | $20.92B | $20.28B |
| Total Liabilities and Stockholders Equity | $73.49B | $65.92B | $64.25B | $57.66B | $55.48B |
| Minority Interest | $2.04B | $1.83B | $1.81B | $1.63B | $1.59B |
| Total Liabilities and Total Equity | $73.49B | $65.92B | $64.25B | $57.66B | $55.48B |
| Total Investments | $484.00M | $370.00M | $316.00M | $178.00M | $158.00M |
| Total Debt | $33.70B | $30.03B | $29.04B | $25.95B | $24.86B |
| Net Debt | $33.48B | $29.40B | $28.83B | $25.82B | $24.61B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $220.00M | $896.00M | $561.00M | $569.00M | $625.00M | $765.00M | $690.00M | $576.00M | $209.00M | $395.00M | $338.00M | $365.00M | $131.00M | $225.00M | $599.00M | $317.00M | $249.00M | $494.00M | $380.00M | $272.00M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $220.00M | $896.00M | $561.00M | $569.00M | $625.00M | $765.00M | $690.00M | $576.00M | $209.00M | $395.00M | $338.00M | $365.00M | $131.00M | $225.00M | $599.00M | $317.00M | $249.00M | $494.00M | $380.00M | $272.00M |
| Net Receivables | $1.67B | $1.69B | $1.79B | $1.91B | $1.63B | $1.65B | $1.58B | $1.88B | $1.76B | $1.81B | $1.66B | $1.69B | $1.27B | $1.44B | $1.37B | $1.41B | $1.17B | $1.23B | $1.23B | $1.31B |
| Inventory | $685.00M | $607.00M | $596.00M | $547.00M | $566.00M | $588.00M | $534.00M | $569.00M | $661.00M | $690.00M | $533.00M | $408.00M | $478.00M | $530.00M | $415.00M | $394.00M | $422.00M | $458.00M | $409.00M | $376.00M |
| Other Current Assets | $1.22B | $1.02B | $973.00M | $965.00M | $1.21B | $1.52B | $1.45B | $1.14B | $1.64B | $934.00M | $655.00M | $610.00M | $850.00M | $727.00M | $647.00M | $651.00M | $767.00M | $566.00M | $463.00M | $516.00M |
| Total Current Assets | $3.80B | $4.21B | $3.92B | $3.99B | $4.03B | $4.52B | $4.26B | $4.16B | $4.27B | $3.83B | $3.18B | $3.08B | $2.73B | $2.92B | $3.03B | $2.77B | $2.61B | $2.75B | $2.48B | $2.47B |
| Property Plant Equipment Net | $49.52B | $46.33B | $45.64B | $44.62B | $43.44B | $43.22B | $41.78B | $42.19B | $41.71B | $41.55B | $39.11B | $37.99B | $37.86B | $37.24B | $36.23B | $36.07B | $36.04B | $36.25B | $36.10B | $36.51B |
| Goodwill | $13.11B | $12.42B | $12.54B | $12.43B | $12.18B | $12.46B | $12.18B | $12.43B | $12.46B | $12.69B | $11.91B | $11.61B | $11.72B | $11.76B | $11.53B | $11.66B | $11.79B | $12.27B | $12.48B | $12.88B |
| Intangible Assets | $1.66B | $1.55B | $1.55B | $1.54B | $1.51B | $1.51B | $1.49B | $1.51B | $1.55B | $1.48B | $1.39B | $1.34B | $1.34B | $1.30B | $1.27B | $1.28B | $1.29B | $1.33B | $1.34B | $1.36B |
| Goodwill and Intangible Assets | $14.77B | $13.97B | $14.09B | $13.96B | $13.69B | $13.97B | $13.68B | $13.94B | $14.01B | $14.16B | $13.30B | $12.96B | $13.06B | $13.06B | $12.80B | $12.94B | $13.08B | $13.61B | $13.82B | $14.23B |
| Long Term Investments | $484.00M | $- | $- | $- | $370.00M | $- | $- | $127.00M | $316.00M | $- | $- | $193.00M | $178.00M | $134.00M | $132.00M | $121.00M | $158.00M | $126.00M | $129.00M | $127.00M |
| Tax Assets | $- | $- | $- | $- | $4.05B | $- | $- | $-127.00M | $1.62B | $- | $- | $-193.00M | $3.60B | $-134.00M | $-132.00M | $-121.00M | $3.38B | $-126.00M | $-129.00M | $-127.00M |
| Other Non-Current Assets | $4.91B | $5.13B | $5.13B | $5.01B | $340.00M | $4.57B | $4.37B | $4.33B | $2.33B | $4.54B | $4.35B | $4.18B | $231.00M | $3.92B | $3.83B | $3.83B | $215.00M | $3.81B | $3.80B | $3.81B |
| Total Non-Current Assets | $69.69B | $65.43B | $64.86B | $63.59B | $61.90B | $61.76B | $59.82B | $60.47B | $59.98B | $60.26B | $56.77B | $55.13B | $54.93B | $54.22B | $52.86B | $52.84B | $52.87B | $53.66B | $53.72B | $54.55B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $73.49B | $69.64B | $68.77B | $67.58B | $65.92B | $66.28B | $64.08B | $64.63B | $64.25B | $64.08B | $59.95B | $58.20B | $57.66B | $57.14B | $55.90B | $55.61B | $55.48B | $56.41B | $56.20B | $57.02B |
| Account Payables | $1.12B | $3.10B | $2.38B | $2.79B | $990.00M | $2.88B | $2.43B | $2.96B | $886.00M | $2.83B | $2.35B | $2.55B | $774.00M | $2.46B | $2.06B | $2.31B | $707.00M | $2.25B | $1.96B | $2.22B |
| Short Term Debt | $2.09B | $1.96B | $2.70B | $3.24B | $2.42B | $2.85B | $2.36B | $2.72B | $2.75B | $2.80B | $2.16B | $1.85B | $1.89B | $874.00M | $992.00M | $1.51B | $1.40B | $1.09B | $1.11B | $1.70B |
| Tax Payables | $304.00M | $- | $- | $- | $268.00M | $- | $- | $- | $370.00M | $- | $- | $- | $269.00M | $- | $- | $- | $224.00M | $- | $- | $- |
| Deferred Revenue | $360.00M | $- | $- | $1 | $263.00M | $- | $- | $- | $401.00M | $- | $- | $- | $222.00M | $- | $- | $- | $214.00M | $- | $- | $- |
| Other Current Liabilities | $2.16B | $666.00M | $607.00M | $577.00M | $2.29B | $641.00M | $618.00M | $469.00M | $2.62B | $509.00M | $484.00M | $449.00M | $1.87B | $471.00M | $430.00M | $430.00M | $1.82B | $438.00M | $428.00M | $555.00M |
| Total Current Liabilities | $6.04B | $5.73B | $5.68B | $6.61B | $5.96B | $6.37B | $5.41B | $6.15B | $6.62B | $6.14B | $4.99B | $4.85B | $4.80B | $3.81B | $3.48B | $4.25B | $4.15B | $3.77B | $3.50B | $4.48B |
| Long Term Debt | $31.61B | $30.05B | $29.01B | $27.71B | $27.61B | $27.51B | $27.14B | $26.81B | $26.30B | $26.27B | $24.89B | $24.39B | $24.07B | $24.72B | $24.27B | $23.43B | $23.48B | $24.15B | $23.89B | $23.45B |
| Deferred Revenue Non-Current | $128.00M | $347.00M | $338.00M | $347.00M | $168.00M | $3.50B | $3.23B | $- | $107.00M | $- | $- | $- | $99.00M | $2.75B | $2.64B | $2.65B | $132.00M | $2.90B | $2.89B | $2.96B |
| Deferred Tax Liabilities Non-Current | $5.02B | $4.74B | $4.66B | $4.54B | $4.40B | $4.20B | $4.02B | $4.09B | $4.06B | $4.01B | $3.81B | $3.66B | $3.63B | $3.57B | $3.44B | $3.38B | $3.34B | $3.28B | $3.22B | $3.17B |
| Other Non-Current Liabilities | $4.83B | $4.38B | $4.77B | $4.71B | $9.01B | $1.16B | $1.10B | $4.50B | $8.49B | $4.71B | $4.41B | $4.30B | $7.87B | $1.52B | $1.54B | $1.56B | $7.57B | $1.55B | $1.52B | $1.54B |
| Total Non-Current Liabilities | $41.60B | $39.52B | $38.43B | $36.96B | $36.62B | $36.37B | $35.49B | $35.40B | $34.79B | $34.99B | $33.11B | $32.35B | $31.94B | $32.56B | $31.89B | $31.01B | $31.05B | $31.88B | $31.52B | $31.12B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $47.63B | $45.25B | $44.12B | $43.57B | $42.59B | $42.74B | $40.90B | $41.55B | $41.41B | $41.13B | $38.09B | $37.21B | $36.74B | $36.37B | $35.37B | $35.27B | $35.20B | $35.66B | $35.02B | $35.60B |
| Preferred Stock | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B |
| Common Stock | $15.59B | $15.47B | $15.35B | $15.23B | $15.11B | $14.99B | $14.89B | $14.77B | $14.66B | $14.56B | $14.46B | $14.35B | $14.24B | $14.13B | $14.04B | $13.94B | $13.82B | $13.72B | $13.71B | $13.69B |
| Retained Earnings | $4.52B | $4.43B | $4.61B | $4.28B | $4.11B | $4.02B | $4.19B | $3.90B | $3.73B | $3.63B | $3.84B | $3.55B | $3.46B | $3.38B | $3.58B | $3.33B | $3.21B | $3.11B | $3.28B | $3.00B |
| Accumulated Other Comprehensive Income Loss | $2.07B | $969.00M | $1.16B | $998.00M | $653.00M | $1.05B | $669.00M | $967.00M | $1.01B | $1.30B | $235.00M | $-168.00M | $-40.00M | $-2.00M | $-299.00M | $-133.00M | $34.00M | $649.00M | $905.00M | $1.39B |
| Other Total Stockholders Equity | $8.00M | $8.00M | $8.00M | $8.00M | $9.00M | $9.00M | $8.00M | $8.00M | $10.00M | $8.00M | $8.00M | $8.00M | $10.00M | $9.00M | $8.00M | $10.00M | $11.00M | $11.00M | $10.00M | $10.00M |
| Total Stockholders Equity | $23.81B | $22.50B | $22.75B | $22.14B | $21.50B | $21.69B | $21.38B | $21.27B | $21.03B | $21.12B | $20.17B | $19.37B | $19.29B | $19.15B | $18.95B | $18.77B | $18.70B | $19.12B | $19.52B | $19.72B |
| Total Equity | $25.85B | $24.39B | $24.66B | $24.02B | $23.33B | $23.55B | $23.18B | $23.08B | $22.84B | $22.95B | $21.86B | $20.99B | $20.92B | $20.77B | $20.52B | $20.35B | $20.28B | $20.75B | $21.18B | $21.42B |
| Total Liabilities and Stockholders Equity | $73.49B | $69.64B | $68.77B | $67.58B | $65.92B | $66.28B | $64.08B | $64.63B | $64.25B | $64.08B | $59.95B | $58.20B | $57.66B | $57.14B | $55.90B | $55.61B | $55.48B | $56.41B | $56.20B | $57.02B |
| Minority Interest | $2.04B | $1.89B | $1.91B | $1.88B | $1.83B | $1.85B | $1.80B | $1.82B | $1.81B | $1.83B | $1.69B | $1.62B | $1.63B | $1.62B | $1.57B | $1.57B | $1.59B | $1.63B | $1.66B | $1.70B |
| Total Liabilities and Total Equity | $73.49B | $69.64B | $68.77B | $67.58B | $65.92B | $66.28B | $64.08B | $64.63B | $64.25B | $64.08B | $59.95B | $58.20B | $57.66B | $57.14B | $55.90B | $55.61B | $55.48B | $56.41B | $56.20B | $57.02B |
| Total Investments | $484.00M | $- | $- | $- | $370.00M | $- | $- | $127.00M | $316.00M | $- | $- | $193.00M | $178.00M | $134.00M | $132.00M | $121.00M | $158.00M | $126.00M | $129.00M | $127.00M |
| Total Debt | $33.70B | $32.02B | $31.71B | $30.95B | $30.03B | $30.36B | $29.51B | $29.53B | $29.04B | $29.07B | $27.05B | $26.25B | $25.95B | $25.59B | $25.26B | $24.94B | $24.86B | $25.24B | $25.00B | $25.15B |
| Net Debt | $33.48B | $31.12B | $31.15B | $30.38B | $29.40B | $29.60B | $28.82B | $28.96B | $28.83B | $28.68B | $26.71B | $25.88B | $25.82B | $25.37B | $24.66B | $24.62B | $24.61B | $24.74B | $24.62B | $24.87B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $1.83B | $1.57B | $1.51B | $1.41B | $1.39B |
| Depreciation and Amortization | $1.93B | $1.77B | $1.67B | $1.50B | $1.43B |
| Deferred Income Tax | $154.00M | $272.00M | $182.00M | $147.00M | $226.00M |
| Stock Based Compensation | $- | $- | $41.00M | $100.00M | $78.00M |
| Change in Working Capital | $69.00M | $-181.00M | $-479.00M | $-144.00M | $-434.00M |
| Accounts Receivables | $-2.00M | $142.00M | $-479.00M | $-88.00M | $-84.00M |
| Inventory | $-73.00M | $-1.00M | $-153.00M | $-56.00M | $-36.00M |
| Accounts Payables | $115.00M | $-390.00M | $449.00M | $164.00M | $-100.00M |
| Other Working Capital | $29.00M | $68.00M | $-296.00M | $-164.00M | $-214.00M |
| Other Non Cash Items | $-96.00M | $108.00M | $148.00M | $-106.00M | $14.00M |
| Net Cash Provided by Operating Activities | $3.88B | $3.54B | $3.07B | $2.91B | $2.70B |
| Investments in Property Plant and Equipment | $-5.01B | $-3.99B | $-3.87B | $-3.39B | $-4.04B |
| Acquisitions Net | $- | $430.00M | $-100.00M | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-383.00M | $-186.00M | $-94.00M | $-102.00M | $-93.00M |
| Net Cash Used for Investing Activities | $-5.39B | $-3.74B | $-4.06B | $-3.49B | $-4.13B |
| Debt Repayment | $1.94B | $1.42B | $1.79B | $1.14B | $2.15B |
| Common Stock Issued | $46.00M | $43.00M | $53.00M | $60.00M | $58.00M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-818.00M | $-768.00M | $-737.00M | $-671.00M | $-851.00M |
| Other Financing Activities | $-108.00M | $-77.00M | $-71.00M | $-76.00M | $-35.00M |
| Net Cash Used Provided by Financing Activities | $1.06B | $613.00M | $1.03B | $451.00M | $1.33B |
| Effect of Forex Changes on Cash | $44.00M | $- | $28.00M | $12.00M | $-17.00M |
| Net Change in Cash | $-405.00M | $416.00M | $78.00M | $-118.00M | $-121.00M |
| Cash at End of Period | $220.00M | $625.00M | $209.00M | $131.00M | $249.00M |
| Cash at Beginning of Period | $625.00M | $209.00M | $131.00M | $249.00M | $370.00M |
| Operating Cash Flow | $3.88B | $3.54B | $3.07B | $2.91B | $2.70B |
| Capital Expenditure | $-5.22B | $-4.17B | $-3.87B | $-3.39B | $-4.04B |
| Free Cash Flow | $-1.34B | $-624.00M | $-791.00M | $-479.00M | $-1.34B |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $451.00M | $439.00M | $349.00M | $477.00M | $435.00M | $445.00M | $346.00M | $484.00M | $420.00M | $371.00M | $330.00M | $393.00M | $371.00M | $342.00M | $296.00M | $396.00M | $376.00M | $336.00M | $324.00M | $353.00M |
| Depreciation and Amortization | $500.00M | $480.00M | $480.00M | $467.00M | $454.00M | $443.00M | $440.00M | $436.00M | $422.00M | $422.00M | $417.00M | $407.00M | $384.00M | $380.00M | $369.00M | $372.00M | $347.00M | $358.00M | $366.00M | $357.00M |
| Deferred Income Tax | $42.00M | $61.00M | $21.00M | $30.00M | $153.00M | $64.00M | $24.00M | $31.00M | $63.00M | $64.00M | $32.00M | $23.00M | $38.00M | $44.00M | $19.00M | $46.00M | $70.00M | $37.00M | $60.00M | $59.00M |
| Stock Based Compensation | $- | $- | $- | $- | $66.00M | $- | $- | $- | $41.00M | $- | $- | $- | $100.00M | $- | $- | $- | $78.00M | $- | $- | $- |
| Change in Working Capital | $5.00M | $339.00M | $-44.00M | $-131.00M | $-225.00M | $-33.00M | $114.00M | $-19.00M | $-65.00M | $-351.00M | $-40.00M | $-23.00M | $-19.00M | $-78.00M | $40.00M | $-87.00M | $-103.00M | $-150.00M | $-27.00M | $-154.00M |
| Accounts Receivables | $-85.00M | $20.00M | $128.00M | $-65.00M | $-279.00M | $-68.00M | $208.00M | $281.00M | $-360.00M | $-73.00M | $49.00M | $-95.00M | $-161.00M | $31.00M | $91.00M | $-49.00M | $-209.00M | $18.00M | $69.00M | $38.00M |
| Inventory | $-42.00M | $-17.00M | $-44.00M | $30.00M | $6.00M | $-69.00M | $-29.00M | $91.00M | $21.00M | $-129.00M | $-114.00M | $69.00M | $52.00M | $-108.00M | $-25.00M | $25.00M | $20.00M | $-55.00M | $-45.00M | $44.00M |
| Accounts Payables | $191.00M | $271.00M | $-160.00M | $-187.00M | $-4.00M | $151.00M | $-132.00M | $-405.00M | $358.00M | $74.00M | $9.00M | $8.00M | $110.00M | $65.00M | $-41.00M | $30.00M | $90.00M | $4.00M | $14.00M | $-208.00M |
| Other Working Capital | $-59.00M | $65.00M | $32.00M | $91.00M | $52.00M | $-47.00M | $67.00M | $14.00M | $-84.00M | $-223.00M | $16.00M | $-5.00M | $-20.00M | $-66.00M | $15.00M | $-93.00M | $-4.00M | $-117.00M | $-65.00M | $-28.00M |
| Other Non Cash Items | $-36.00M | $19.00M | $1.04B | $1.08B | $-137.00M | $21.00M | $20.00M | $-17.00M | $-12.00M | $127.00M | $20.00M | $13.00M | $-57.00M | $23.00M | $16.00M | $12.00M | $10.00M | $105.00M | $2.00M | $-25.00M |
| Net Cash Provided by Operating Activities | $962.00M | $1.34B | $814.00M | $768.00M | $746.00M | $940.00M | $944.00M | $915.00M | $869.00M | $633.00M | $759.00M | $813.00M | $717.00M | $711.00M | $740.00M | $739.00M | $700.00M | $686.00M | $725.00M | $590.00M |
| Investments in Property Plant and Equipment | $-1.63B | $-1.30B | $-1.11B | $-1.11B | $-1.25B | $-983.00M | $-982.00M | $-954.00M | $-1.11B | $-951.00M | $-885.00M | $-915.00M | $-974.00M | $-818.00M | $-790.00M | $-804.00M | $-1.24B | $-861.00M | $-775.00M | $-1.16B |
| Acquisitions Net | $- | $- | $- | $- | $454.00M | $-24.00M | $- | $- | $- | $-100.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-167.00M | $-13.00M | $-35.00M | $-26.00M | $48.00M | $-33.00M | $-31.00M | $13.00M | $-38.00M | $-22.00M | $-33.00M | $-1.00M | $-11.00M | $-27.00M | $-30.00M | $-34.00M | $6.00M | $-39.00M | $-33.00M | $-27.00M |
| Net Cash Used for Investing Activities | $-1.80B | $-1.31B | $-1.15B | $-1.14B | $-748.00M | $-1.04B | $-1.01B | $-941.00M | $-1.15B | $-1.07B | $-918.00M | $-916.00M | $-985.00M | $-845.00M | $-820.00M | $-838.00M | $-1.24B | $-900.00M | $-808.00M | $-1.19B |
| Debt Repayment | $343.00M | $533.00M | $551.00M | $517.00M | $113.00M | $346.00M | $381.00M | $575.00M | $319.00M | $670.00M | $299.00M | $502.00M | $346.00M | $-52.00M | $538.00M | $306.00M | $444.00M | $542.00M | $466.00M | $703.00M |
| Common Stock Issued | $12.00M | $13.00M | $8.00M | $13.00M | $9.00M | $6.00M | $14.00M | $14.00M | $7.00M | $6.00M | $18.00M | $22.00M | $8.00M | $8.00M | $9.00M | $35.00M | $8.00M | $6.00M | $10.00M | $34.00M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-214.00M | $-205.00M | $-202.00M | $-197.00M | $-201.00M | $-192.00M | $-189.00M | $-186.00M | $-197.00M | $-184.00M | $-180.00M | $-176.00M | $-174.00M | $-168.00M | $-166.00M | $-163.00M | $-167.00M | $-227.00M | $-228.00M | $-229.00M |
| Other Financing Activities | $-16.00M | $-25.00M | $-38.00M | $-29.00M | $-55.00M | $-10.00M | $3.00M | $-15.00M | $-26.00M | $-21.00M | $-13.00M | $-11.00M | $2.00M | $-37.00M | $-24.00M | $26.00M | $31.00M | $17.00M | $-47.00M | $-22.00M |
| Net Cash Used Provided by Financing Activities | $125.00M | $316.00M | $319.00M | $304.00M | $-134.00M | $150.00M | $209.00M | $388.00M | $103.00M | $471.00M | $124.00M | $337.00M | $174.00M | $-249.00M | $357.00M | $169.00M | $308.00M | $332.00M | $201.00M | $486.00M |
| Effect of Forex Changes on Cash | $33.00M | $-6.00M | $6.00M | $11.00M | $-13.00M | $15.00M | $-7.00M | $5.00M | $-6.00M | $26.00M | $8.00M | $- | $- | $9.00M | $5.00M | $-2.00M | $-18.00M | $-4.00M | $-10.00M | $15.00M |
| Net Change in Cash | $-676.00M | $335.00M | $-8.00M | $-56.00M | $-140.00M | $75.00M | $114.00M | $367.00M | $-186.00M | $57.00M | $-27.00M | $234.00M | $-94.00M | $-374.00M | $282.00M | $68.00M | $-245.00M | $114.00M | $108.00M | $-98.00M |
| Cash at End of Period | $220.00M | $896.00M | $561.00M | $569.00M | $625.00M | $765.00M | $690.00M | $576.00M | $209.00M | $395.00M | $338.00M | $365.00M | $131.00M | $225.00M | $599.00M | $317.00M | $249.00M | $494.00M | $380.00M | $272.00M |
| Cash at Beginning of Period | $896.00M | $561.00M | $569.00M | $625.00M | $765.00M | $690.00M | $576.00M | $209.00M | $395.00M | $338.00M | $365.00M | $131.00M | $225.00M | $599.00M | $317.00M | $249.00M | $494.00M | $380.00M | $272.00M | $370.00M |
| Operating Cash Flow | $962.00M | $1.34B | $814.00M | $768.00M | $746.00M | $940.00M | $944.00M | $915.00M | $869.00M | $633.00M | $759.00M | $813.00M | $717.00M | $711.00M | $740.00M | $739.00M | $700.00M | $686.00M | $725.00M | $590.00M |
| Capital Expenditure | $-1.69B | $-1.25B | $-1.11B | $-1.11B | $-1.25B | $-983.00M | $-982.00M | $-954.00M | $-1.11B | $-951.00M | $-885.00M | $-915.00M | $-974.00M | $-818.00M | $-790.00M | $-804.00M | $-1.24B | $-861.00M | $-775.00M | $-1.16B |
| Free Cash Flow | $-731.00M | $90.00M | $-298.00M | $-345.00M | $-504.00M | $-43.00M | $-38.00M | $-39.00M | $-245.00M | $-318.00M | $-126.00M | $-102.00M | $-257.00M | $-107.00M | $-50.00M | $-65.00M | $-541.00M | $-175.00M | $-50.00M | $-572.00M |
Fortis Dividends
Explore Fortis's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
2.77%
Dividend Payout Ratio
48.69%
Dividend Paid & Capex Coverage Ratio
0.64x
Fortis Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.42909 | $0.42909 | May 16, 2025 | May 16, 2025 | June 01, 2025 | February 13, 2025 |
| $0.42 | $0.42 | February 18, 2025 | February 18, 2025 | March 01, 2025 | December 04, 2024 |
| $0.437 | $0.437 | November 18, 2024 | November 18, 2024 | December 01, 2024 | September 26, 2024 |
| $0.4329 | $0.4329 | August 20, 2024 | August 20, 2024 | September 01, 2024 | July 30, 2024 |
| $0.434 | $0.434 | May 16, 2024 | May 17, 2024 | June 01, 2024 | February 08, 2024 |
| $0.436 | $0.436 | February 15, 2024 | February 16, 2024 | March 01, 2024 | December 08, 2023 |
| $0.431 | $0.431 | November 16, 2023 | November 17, 2023 | December 01, 2023 | September 19, 2023 |
| $0.41669 | $0.41669 | August 18, 2023 | August 21, 2023 | September 01, 2023 | August 01, 2023 |
| $0.41904 | $0.41904 | May 16, 2023 | May 17, 2023 | June 01, 2023 | February 09, 2023 |
| $0.424 | $0.424 | February 14, 2023 | February 15, 2023 | March 01, 2023 | November 17, 2022 |
| $0.4116 | $0.426 | November 16, 2022 | November 17, 2022 | December 01, 2022 | September 30, 2022 |
| $0.417 | $0.414 | August 18, 2022 | August 19, 2022 | September 01, 2022 | July 27, 2022 |
| $0.417 | $0.414 | May 16, 2022 | May 17, 2022 | June 01, 2022 | February 10, 2022 |
| $0.424 | $0.42003 | February 14, 2022 | February 15, 2022 | March 01, 2022 | November 19, 2021 |
| $0.424 | $0.428 | November 16, 2021 | November 17, 2021 | December 01, 2021 | September 29, 2021 |
| $0.395 | $0.39994 | August 18, 2021 | August 19, 2021 | September 01, 2021 | July 28, 2021 |
| $0.3962 | $0.415 | May 14, 2021 | May 17, 2021 | June 01, 2021 | February 12, 2021 |
| $0.398 | $0.398 | February 12, 2021 | February 16, 2021 | March 01, 2021 | November 18, 2020 |
| $0.386 | $0.38563 | November 17, 2020 | November 18, 2020 | December 01, 2020 | September 24, 2020 |
| $0.361 | $0.361 | August 18, 2020 | August 19, 2020 | September 01, 2020 | July 29, 2020 |
Fortis News
Read the latest news about Fortis, including recent articles, headlines, and updates.
10 Dividend Aristocrat Bargains To Help You SWAN During This Trade War Turmoil
The trade war is causing market volatility, with stocks falling and bonds performing well as investors seek hedges against economic slowdown fears. Dividend aristocrats, particularly low-volatility, defensive ones, offer a stable investment strategy during trade war turmoil. They provide dependable income and lower downside risk. The recommended 10 low volatility dividend aristocrats include Johnson & Johnson, PepsiCo, and Kimberly-Clark, offering a 4% yield and strong long-term return potential.
Fortis: Still A Buy Despite Conservative Growth
Fortis Inc. remains a buy due to its stable, regulated operations across North America and the Caribbean, with impressive financial metrics and operational efficiency. Despite a slight revenue dip, net earnings and common equity earnings rose by 6.90% and 6.64%, driven by operational efficiency and favorable weather patterns. Fortis offers a reliable dividend yield of 3.93%, with a 4.2% increase marking its 51st consecutive year of dividend growth, appealing to income-focused investors.
Buy 3 "Safer" Dividend Kings Of 24 Out Of 52 For February
Seven of the top-ten Dividend Kings by yield offer annual dividends from a $1K investment exceeding their single share prices, making them attractive buys. Six Dividend Kings, including Altria Group and Hormel Foods, are currently fair-priced, with dividends meeting or exceeding their single-share prices. Analysts predict net gains between 15% and 45.53% for the top-ten Dividend Kings by February 2026, based on target prices.
2025 Dividend Kings - Off To A Strong Start
The Dividend Kings are outperforming the S&P 500 in 2025, up 4% YTD versus 1.39% for SPY. Ten Dividend Kings have already achieved double-digit returns, led by National Fuel Gas (+22.08%) and Abbott Laboratories (+20.71%). 2025 Dividend growth is looking promising, with ABM Industries and Walmart leading with 17.78% and 15.69% increases, respectively.
Fortis, Inc. (FTS) Q4 2024 Earnings Call Transcript
Fortis, Inc. (NYSE:FTS ) Q4 2024 Earnings Conference Call February 14, 2025 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 Conference Call Participants Robert Hope - Scotiabank Maurice Choy - RBC Capital Markets Mark Jarvi - CIBC Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Operator Thank you for standing by. This is Betsy, the conference operator.
Advisory: Fortis Inc. to Hold Teleconference and Webcast on February 14 to Discuss 2024 Annual Results
ST. JOHN'S, Newfoundland and Labrador, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2024 financial results on Friday, February 14, 2025. 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 2024 annual financial results.
What Can The Dividend Kings Deliver In 2025?
The Dividend Kings underperformed the broad U.S. equity market in 2024, achieving a 5.53% total return compared to the S&P 500's 24.89%. 2024 returns for the Dividend Kings were primarily driven by earnings growth and dividends, with the change in P/E ratio being a detractor. I breakdown the components of total return for each Dividend King by sector to gain insights into current valuation.
Fortis Inc. to Hold Teleconference and Webcast on February 14 to Discuss 2024 Annual Results
ST. JOHN'S, Newfoundland and Labrador, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2024 financial results on Friday, February 14, 2025. 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 2024 annual financial results.
Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
“A Dividend King [is] a stock with 50 or more consecutive years of dividend increases.”—suredividend.com. 53 Divided Kings, screened as of January 10, 2025, represented all eleven Morningstar Sectors. Broker-estimated top-ten net-gains ranged 22.84%-62.53% topped-by SJW & SCL. By yield, MO topped all the Kings. Top-ten Yields from KVUE, SWK, UBSI, FTS, FRT, BKH, NWN, CDUAF, UVV, & MO, averaged 5.04%.
Fortis Inc. Announces Changes to Its Board of Directors
ST. JOHN'S, Newfoundland and Labrador, Dec. 23, 2024 (GLOBE NEWSWIRE) -- This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.
Fortis Inc. Celebrates Construction Completion of the Wataynikaneyap Power Transmission System With Its First Nations Partners
ST. JOHN'S, Newfoundland and Labrador, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, joined Wataynikaneyap Power and its 24 First Nations partners in celebrating the construction of the Wataynikaneyap Power transmission system at a gathering in Thunder Bay last week.
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Fortis Inc. to Renew At-The-Market Equity Program
ST. JOHN'S, Newfoundland and Labrador, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced today that it will renew its at-the-market equity program (the "ATM Program") allowing the Corporation to issue up to C$500,000,000 (or its U.S. dollar equivalent) of common shares (the "Common Shares") from treasury to the public from time to time, at the Corporation's discretion. Any Common Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the "TSX"), the New York Stock Exchange (the "NYSE") or any other marketplace on which the Common Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale.
12 High-Yield Dividend Aristocrats To Weather The Coming 2025 Storm In Style
The S&P is up almost 28% in 2024, and many investors worry about a melt-up followed by a sharp correction like in 2022 or 2018. A 2025 market correction is likely, but low-volatility, high-yield Dividend Aristocrats offer a better alternative to the traditional 60-40 portfolio and S&P. These 12 Aristocrats provide a 3.2% yield, 14% discount, 22% upside potential next year, and 10% long-term income growth consensus, while being 54% lower volatility than the S&P.
Behind The Billions: Fortis' Ambitious Vision For 2029
Fortis Inc. is a major Canadian utility company expanding into clean energy with a CA$26 billion capital plan, focusing on regulated assets. Recent financials show growth in revenue and net earnings, driven by rate-based expansion and new customer rates, particularly in the U.S. Fortis has a strong dividend history with 51 consecutive years of increases and plans for 4-6% annual growth through 2029.
Anima Research receives investment from BNP Paribas Fortis Private Equity to support expansion of its industry-leading clinical trials business in Europe
Alken, Belgium – 3 December 2024: Anima Research (“Anima”), a leading European clinical trials center, today announces that it has received investment from BNP Paribas Fortis Private Equity, which will provide support for the Company as it expands its clinical trial operations in Europe.
Fortis, Inc. (FTS) Q3 2024 Earnings Call Transcript
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.
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