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
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.