Fortis Inc. (FTS)

The company now

Fortis reported third-quarter 2026 net earnings of $474 million, or $0.92 per common share, on 3 November 2026 1. A year earlier the figure was $0.81 per share 1. Revenue for the quarter was $3,115 million against $2,938 million in 2025 2.

Fortis said the year-earlier quarter carried $32 million of income taxes and closing costs from selling FortisTCI, its Turks and Caicos utility 1. Without that, net earnings rose by $33 million, mainly because the utilities' rate base, the value of the assets on which regulators let them earn a return, grew 1.

The company also released a new 2027-2031 capital plan of $32.2 billion, which it called the largest in its history, $3.4 billion above the prior plan 1. Fortis expects the plan to lift midyear rate base from $45.3 billion in 2026 to $63.9 billion by 2031, a 7.5% yearly rate 1. It raised the fourth-quarter dividend by 4% and extended its 4-6% annual dividend growth guidance through 2031 1.

One open question is Arizona 2. An Arizona Corporation Commission judge recommended in October 2026 a return on common equity of 9.65% for Tucson Electric Power, and the full commission's approval is anticipated in November 2026 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.