Fortis Reports Earnings Boost and Unveils Major Capital Plan
Company Announcements

Fortis Reports Earnings Boost and Unveils Major Capital Plan

Fortis (TSE:FTS) has released an update.

Fortis Inc., a leading North American utility company, reported a rise in third-quarter net earnings to $420 million, benefiting from increased rate base growth and new rates at Tucson Electric Power. The company announced a 4.2% dividend hike and unveiled a $26 billion capital plan for 2025-2029, aiming for significant infrastructure investments and steady dividend growth. With a focus on regulated growth, Fortis continues to enhance shareholder value while advancing its clean energy initiatives.

For further insights into TSE:FTS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyFortis price target raised to C$63 from C$62 at National Bank
TheFlyFortis downgraded to Market Perform on valuation at Raymond James
TipRanks Auto-Generated NewsdeskFortis Inc. Reports Strong Q3 Growth and Investment Plans
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App