Fortis

Fortis, Inc. is a holding company, which engages in energy generation and distribution. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment is composed of ITC, which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries; UNS Energy that offers vertically integrated utility services; Central Hudson, which provides regulated electric and gas T&D utility services; FortisBC Energy distributes natural gas in British Columbia; FortisAlberta, which involves in the ownership and operation of regulated electricity distribution facilities; FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets; and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure, which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia, and Corporate & Other includes expenses and revenue items not specifically related to business operations. The company was founded in 1885 and is headquartered in St. John's, Canada.

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Fortis, Inc. is a holding company, which engages in the electric and gas utility industry. It operates through the Regulated Utilities and Non-Regulated segments. The Regulated Utilities segment includes ITC Holdings, UNS Energy Corporation, Central Hudson, FortisBC Energy, Fortis Alberta, FortisBC Electric, and Other Electric. The Non-Regulated segment focuses on energy infrastructure and corporate and other. The company was founded in 1885 and is headquartered in St. John's, Canada.

Fortis is a utility conglomerate operating in Canada, the US, Central America, and the Caribbean. In the trailing quarter, Fortis reported increased revenues, net income, and free cash flow. The company is undervalued compared to its peers and has a strong capital deployment strategy for future growth.

Fortis' Streamlined And Multi-Utility Approach Supports Sustainable Growth, Dividends

Fortis delivered strong Q2/23 results, with adjusted earnings per share slightly above consensus and a 14% increase year to date. The company has big capital expenditure plans for the next five years, supported by investment grade ratings and predictable cash flow. We examine the valuation and make a case for the preferred shares over the common.

Fortis: 8-9% Yielding Preferred Shares Offer A Lower Risk Prospect Vs. Common Shares

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Fortis (FTS) came out with quarterly earnings of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.

Fortis (FTS) Q2 Earnings Meet Estimates

ST. JOHN'S, Newfoundland and Labrador, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced it will hold its 2023 Investor Day on Tuesday, September 19, 2023 in St. John's, Newfoundland and Labrador. David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer and executives from certain subsidiaries will provide an update on operations, recent developments and the strategic outlook for 2024 to 2028.

Fortis Inc. To Hold Investor Day in St. John's, Newfoundland and Labrador on September 19

ST. JOHN'S, Newfoundland and Labrador, Aug. 02, 2023 (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, released its second quarter results1 and 2023 Sustainability Update Report.

Fortis Inc. Releases Second Quarter 2023 Results and Sustainability Update Report

ST. JOHN'S, Newfoundland and Labrador, Aug. 01, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:

Fortis Inc. Announces Third Quarter Dividends – 2023

ST. JOHN'S, Newfoundland and Labrador, July 25, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2023 financial results on Wednesday, August 2, 2023. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern) during which David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's second quarter financial results.

Advisory: Fortis Inc. to Hold Teleconference and Webcast on August 2 to Discuss Second Quarter 2023 Results

ST. JOHN'S, Newfoundland and Labrador, July 05, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2023 financial results on Wednesday, August 2, 2023. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern) during which David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's second quarter financial results.

Fortis Inc. to Hold Teleconference and Webcast on August 2 to Discuss Second Quarter 2023 Results

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Fortis Inc. is one of the few utilities that has operations in multiple countries, but it still has many of the characteristics that investors appreciate in these companies. The company has remarkably stable cash flows regardless of economic conditions along with growth over time. The company is positioned to continue growing for the near future, and investors can expect an 8% to 10% average total return over the next five years.

Fortis: A Stable High-Yielding Utility That Is Too Expensive

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ST. JOHN'S, Newfoundland and Labrador, May 04, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation's auditors, and voting on an advisory basis to accept the Corporation's approach to executive compensation.

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors and Say on Pay

Fortis (FTS) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.62 per share a year ago.

Fortis (FTS) Tops Q1 Earnings and Revenue Estimates

Fortis Inc. (NYSE:FTS ) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants David Hutchens - President, Chief Executive Officer Jocelyn Perry - Executive Vice President, Chief Financial Officer Susan Gray - Chief Executive Officer, UNS Energy Linda Apsey - Chief Executive Officer, ITC Holdings Stephanie Amaimo - Vice President, Investor Relations Conference Call Participants Maurice Choy - RBC Capital Markets Robert Hope - Scotiabank Linda Ezergailis - TD Securities Mark Jarvi - CIBC World Markets Ben Pham - BMO Capital Markets David Quezada - Raymond James Andrew Kuske - Credit Suisse Matthew Weekes - IA Capital Michael Sullivan - Wolfe Research Dariusz Lozny - Bank of America Operator Good morning everyone. Thank you for standing by.

Fortis (FTS) Q1 2023 Earnings Call Transcript

ST. JOHN'S, Newfoundland and Labrador, May 03, 2023 (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, released its first quarter results1.

Fortis Inc. Releases First Quarter 2023 Results

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ST. JOHN'S, Newfoundland and Labrador, May 01, 2023 (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, today announced FortisBC Holdings Inc. ("FHI") has entered into a definitive share purchase and sale agreement with a subsidiary of Enbridge Inc. (TSX/NYSE: ENB) to sell its 93.8% ownership interest in the Aitken Creek Natural Gas Storage Facility in British Columbia and its 100% ownership interest in the Aitken Creek North Gas Storage Facility (collectively "Aitken Creek") for approximately C$400 million, subject to customary closing conditions and adjustments.

Fortis Inc. Announces Sale of Aitken Creek Natural Gas Storage Facilities in British Columbia

Fortis (FTS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fortis (FTS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

ST. JOHN'S, Newfoundland and Labrador, April 25, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2023 financial results on Wednesday, May 3, 2023. 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 first quarter financial results.

Advisory: Fortis Inc. To Hold Teleconference on May 3 to Discuss First Quarter 2023 Results and Hold Annual Meeting on May 4

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ST. JOHN'S, Newfoundland and Labrador, April 04, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2023 financial results on Wednesday, May 3, 2023. 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 first quarter financial results.

Fortis Inc. to Hold Teleconference on May 3 to Discuss First Quarter 2023 Results and Hold Annual Meeting on May 4

Fortis is an excellent utility with a history of good long-term results. Shares have been beaten up based on higher interest rate concerns, but the company is well prepared to weather the storm.

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News for Fortis Stock (FTS)