Earnings ·
Fortis Inc. reports Q3 EPS of $0.92, raises dividend 4% to $0.665 per share
FRTSFFortis Inc.
Fortis Inc. reported third-quarter net earnings attributable to common equity shareholders of $474 million, or $0.92 per share, up from $0.81 in the prior year period. The company declared a fourth-quarter common share dividend of $0.665 per share, representing a 4% increase over the previous quarter's payout. Fortis also announced a new five-year capital plan totaling $32.2 billion for 2027-2031, which is $3.4 billion higher than the prior forecast and supports an expected rate base growth of 7.5%. The firm operates as a diversified leader in the North American regulated electric and gas utility industry.