Earnings ·
Fortis Inc. reported second quarter 2026 net earnings of $396 million, or $0.78 per common share, compared to $384…
FINCFFortis Inc.
Fortis Inc. reported second quarter 2026 net earnings of $396 million, or $0.78 per common share, compared to $384 million, or $0.76 per share, in the prior year. Year-to-date net earnings reached $897 million, an increase of $14 million from 2025. The company invested $2.7 billion in capital expenditures during the first half of 2026, maintaining its trajectory toward a $5.6 billion annual capital plan. Key operational milestones included the completion of the 200 MW Roadrunner Reserve II battery storage project in Arizona and regulatory approval for the Phase 1B expansion of the Tilbury LNG Facility in British Columbia, which carries a cost allowance of up to $2.2 billion. Fortis confirmed its A- and BBB+ credit ratings from S&P and Fitch, respectively. The company operates as a diversified leader in the North American regulated electric and gas utility industry.