Fortis Inc. (FTS,FTS.TO) reported fourth quarter net earnings of C$381 million, or C$0.78 per share, compared to C$370 million or C$0.77 per share for the same period in 2022. The company said the increase was due to rate base growth, higher retail revenue in Arizona due to new customer rates at TEP, and the new cost of capital parameters at FortisBC. Adjusted net earnings were C$350 million, or C$0.72 per common share compared to C$347 million or C$0.72 per share. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of C$0.71, for the quarter. Analysts' estimates typically exclude special items.
Fortis expects long-term growth in rate base will drive earnings that support dividend growth guidance of 4-6% annually through 2028.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.