Fortis Inc. (FTS.TO) revealed earnings for its second quarter that Increases, from the same period last year
The company's earnings came in at C$384 million, or C$0.76 per share. This compares with C$331 million, or C$0.67 per share, last year.
Fortis Inc. earnings at a glance (GAAP) :
-Earnings: C$384 Mln. vs. C$331 Mln. last year.-EPS: C$0.76 vs. C$0.67 last year.
This increase in earnings was driven by rate base growth across our utilities, including earnings associated with FortisBC Energy's investment in the Eagle Mountain Pipeline project, as well as higher earnings at Central Hudson due to the reset of revenue requirement effective July 1, 2024, and the timing of operating expenses in 2025.
The higher U.S. dollar-to-Canadian dollar exchange rate also favorably impacted the results.
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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.