Fortis Inc

Fortis Inc

FTS · NYSE · Utilities / Utilities - Regulated Electric

59.62USD+0.44 (+0.74%)

Price History

Full chart

Market Stats

Previous Close59.18
Open59.39
Day Range59.08 – 60.04
52-Week Range47.96 – 58.92
Volume1.05M
Market Cap29.61B
P/E (TTM)23.56
Forward P/E19.46
EPS2.46
Dividend Yield3.20%
Beta0.41
50-Day Avg54.60
200-Day Avg55.75

About

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Electric
  • CEOMr. David Gerard Hutchens
  • Employees9.90K
  • HeadquartersFortis Place, St. John's, NF, Canada, A1B 3T2, USA
  • Websitehttps://www.fortisinc.com

Leadership

  • Mr. David Gerard HutchensPresident, CEO & Director · b. 1967
  • Mr. James R. ReidExecutive VP of Sustainability & Chief Legal Officer
  • Mr. Stuart I. LochrayExecutive Vice President of Strategy & Business Development · b. 1973
  • Ms. Keri L. GlitchChief Information Officer & VP
  • Ms. Stephanie A. AmaimoVice President of Investor Relations
  • Ms. Karen M. McCarthy BPR, M.EdVice President of Communications and Government Relations
  • Ms. Tanya Nicole FinlayVice President of People & Culture
  • Mr. Regan P. O'DeaVP & General Counsel · b. 1976
  • Ms. Stephanie R. RaymondPresident & CEO of Central Hudson · b. 1971
  • Mr. J. F. Richard Hew B.Sc., CERT, M.B.A., P.E.President and Chief Executive Officer Caribbean Utilities Company · b. 1965

Financials

Income Statement

Currency: CAD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue447.04M474.30M493.83M474.35M505.22M584.58M628.25M715.47M843.08M1.15B1.44B1.47B2.72B3.90B3.64B3.66B3.74B3.65B4.05B5.40B6.76B6.84B8.30B8.39B8.78B8.94B9.45B11.04B11.52B11.51B12.17B
Growth (%)-+6.10%+4.12%-3.94%+6.51%+15.71%+7.47%+13.88%+17.84%+35.95%+25.77%+2.10%+84.68%+43.60%-6.82%+0.74%+2.02%-2.25%+10.76%+33.46%+25.11%+1.20%+21.40%+1.07%+4.68%+1.73%+5.74%+16.88%+4.29%-0.08%+5.75%
Cost of Revenue230.09M-243.12M--280.46M262.78M303.28M448.86M640.73M798.08M540.49M1.29B2.11B1.80B1.69B1.70B1.52B1.62B2.20B2.59B2.34B2.36B4.78B2.52B2.56B2.95B3.95B3.77B3.25B3.37B
Gross Profit216.94M474.30M250.71M474.35M505.22M584.58M628.25M715.47M843.08M1.15B1.44B931.25M1.43B1.79B1.84B1.98B2.04B2.13B2.43B3.20B4.17B4.50B5.94B3.61B6.26B6.37B6.50B7.09B7.75B8.26B8.80B
Gross Margin48.53%100.00%50.77%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%63.28%52.65%45.89%50.54%53.98%54.60%58.35%60.04%59.32%61.65%65.76%71.56%43.00%71.31%71.33%68.77%64.21%67.26%71.77%72.30%
Operating Expense122.91M0146.50M383.72M401.89M474.73M480.84M542.35M641.48M882.28M1.09B576.10M890.00M1.09B1.14B1.24B1.27B1.34B1.58B2.18B2.75B3.01B3.43B1.24B3.23B3.87B4.03B4.35B4.66B4.97B5.31B
Operating Income94.03M474.30M104.20M90.63M103.33M109.84M147.41M173.12M201.60M263.85M356.46M355.15M541.00M700.00M701.00M740.00M775.00M794.00M852.00M1.02B1.42B1.48B2.51B2.37B3.04B2.51B2.47B2.74B3.08B3.29B3.49B
Operating Margin21.04%100.00%21.10%19.11%20.45%18.79%23.46%24.20%23.91%23.02%24.73%24.13%19.90%17.93%19.27%20.20%20.73%21.73%21.05%18.94%21.00%21.69%30.25%28.19%34.59%28.07%26.13%24.81%26.78%28.61%28.69%
EBITDA132.03M474.30M147.11M133.30M148.99M162.59M209.91M238.50M263.57M390.06M523.07M525.30M835.30M1.04B1.06B1.16B1.23B1.27B1.39B1.69B2.30B2.52B3.65B3.67B4.53B4.09B4.15B4.57B5.15B5.51B5.89B
EBITDA Margin29.54%100.00%29.79%28.10%29.49%27.81%33.41%33.33%31.26%34.03%36.29%35.69%30.73%26.72%29.28%31.71%32.88%34.70%34.42%31.22%34.07%36.84%43.98%43.72%51.53%45.78%43.89%41.41%44.70%47.85%48.39%
Net Income35.04M36.40M30.01M27.41M29.18M36.76M53.60M63.25M73.63M90.86M137.10M149.00M199.00M259.00M280.00M313.00M357.00M362.00M410.00M379.00M805.00M660.00M1.03B1.17B1.72B1.27B1.29B1.39B1.57B1.68B1.80B
Net Income Margin7.84%7.67%6.08%5.78%5.78%6.29%8.53%8.84%8.73%7.93%9.51%10.12%7.32%6.64%7.70%8.54%9.55%9.91%10.13%7.02%11.91%9.65%12.38%13.90%19.61%14.26%13.70%12.62%13.66%14.60%14.78%
R&D-----00000000000000000000------
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%------
Interest Expense0000000000000361.00M360.00M362.00M363.00M366.00M389.00M547.00M553.00M678.00M914.00M974.00M1.03B1.04B1.00B1.10B1.30B1.41B1.48B
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%9.25%9.90%9.88%9.71%10.02%9.61%10.13%8.18%9.92%11.01%11.61%11.78%11.66%10.62%9.98%11.33%12.22%12.14%

Balance Sheet

Currency: CAD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets916.41M-1.02B1.04B1.24B1.48B1.62B1.99B2.21B3.84B4.32B5.45B10.27B11.18B12.16B12.90B13.56B14.95B17.91B26.23B28.80B47.90B47.82B53.05B53.40B55.48B57.66B64.25B65.92B73.49B74.83B
Total Liabilities602.72M-682.42M690.09M865.40M1.03B1.14B1.36B1.39B2.48B2.74B3.91B7.43B7.63B8.50B8.84B8.88B9.54B11.53B17.12B18.45B31.45B31.07B34.59B33.29B35.20B36.74B41.41B42.59B47.63B48.96B
Total Equity294.70M-326.54M338.68M344.87M412.14M448.93M585.84M737.66M1.32B1.53B1.40B2.72B3.39B3.54B3.90B4.47B5.10B6.00B8.69B9.88B14.60B15.00B16.53B18.53B18.70B19.29B21.03B21.50B23.81B23.81B
Cash5.50M-11.82M6.59M11.29M18.43M14.29M26.26M65.09M37.20M33.42M41.00M58.00M66.00M85.00M109.00M89.00M154.00M72.00M230.00M242.00M269.00M327.00M332.00M370.00M249.00M131.00M209.00M625.00M220.00M367.00M
Total Debt434.06M-497.12M502.49M641.06M774.68M946.62M1.12B1.17B2.13B2.22B2.74B5.53B5.53B5.69B5.97B6.43B6.52B7.84B11.52B12.25B22.82B22.13B24.79B23.22B24.87B25.95B29.04B30.03B33.70B34.67B
Net Debt428.56M-485.30M495.90M629.77M756.24M932.33M1.10B1.11B2.10B2.18B2.70B5.48B5.47B5.61B5.86B6.34B6.36B7.77B11.29B12.01B22.55B21.80B24.45B22.85B24.62B25.82B28.83B29.40B33.48B34.31B

Cash Flow

Currency: CAD1995-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow60.70M64.48M73.78M84.68M100.45M94.11M134.42M160.63M271.32M303.43M263.14M373.00M663.00M637.00M732.00M904.00M976.00M899.00M982.00M1.67B1.88B2.76B2.60B2.66B2.70B2.91B3.07B3.54B3.88B4.06B
Investing Cash Flow-103.08M-54.00M-65.88M-122.47M-240.70M-239.73M-348.72M-308.01M-1.03B-466.94M-634.08M-2.03B-854.00M-1.05B-991.00M-1.13B-1.10B-2.04B-3.61B-1.37B-6.89B-3.02B-3.25B-2.77B-4.13B-3.49B-4.06B-3.74B-5.39B-5.36B
Financing Cash Flow60.06M-6.25M-9.77M42.49M150.85M141.44M225.97M189.60M743.66M159.92M378.36M1.68B196.00M438.00M283.00M201.00M171.00M1.19B3.36B-346.00M5.05B339.00M644.00M154.00M1.33B451.00M1.03B613.00M1.06B1.46B
Capital Expenditure41.82M49.68M63.64M66.71M157.65M149.46M228.83M207.74M278.67M508.63M499.99M803.00M904.00M1.02B1.07B1.17B1.13B1.18B1.73B2.24B2.06B3.02B3.22B3.72B4.04B3.39B3.87B4.17B5.22B6.23B
Free Cash Flow18.88M14.80M10.14M17.97M-57.20M-55.34M-94.41M-47.11M-7.35M-205.20M-236.85M-430.00M-241.00M-387.00M-341.00M-270.00M-154.00M-276.00M-743.00M-570.00M-177.00M-268.00M-614.00M-1.06B-1.34B-479.00M-791.00M-624.00M-1.34B-2.17B
Dividends Paid22.05M22.45M23.31M23.79M25.74M28.02M33.17M36.42M48.83M62.37M76.62M134.00M176.00M161.00M230.00M189.00M216.00M237.00M256.00M309.00M388.00M484.00M525.00M561.00M851.00M671.00M737.00M768.00M818.00M873.00M
FCF to OCF31.10%22.96%13.74%21.22%-56.94%-58.80%-70.23%-29.33%-2.71%-67.63%-90.01%-115.28%-36.35%-60.75%-46.58%-29.87%-15.78%-30.70%-75.66%-34.07%-9.39%-9.72%-23.58%-39.69%-49.54%-16.48%-25.73%-17.60%-34.42%-53.47%
Dividend Paid to FCF116.79%151.68%229.96%132.37%-45.00%-50.63%-35.14%-77.31%-664.33%-30.39%-32.35%-31.16%-73.03%-41.60%-67.45%-70.00%-140.26%-85.87%-34.45%-54.21%-219.21%-180.60%-85.50%-53.07%-63.60%-140.08%-93.17%-123.08%-61.23%-40.19%

Earnings

Report DateOct 27, 1995Mar 6, 1996May 9, 1996Aug 2, 1996Nov 5, 1996Jul 29, 1997Nov 28, 1997May 13, 1998Aug 25, 1998Nov 20, 1998Mar 11, 1999May 4, 1999Aug 13, 1999Nov 12, 1999Mar 31, 2000Jul 26, 2000Oct 27, 2000Feb 8, 2001May 1, 2001Jul 31, 2001Nov 1, 2001Jan 30, 2002May 1, 2002Aug 1, 2002Oct 30, 2002Feb 11, 2003Apr 30, 2003Aug 5, 2003Oct 30, 2003Feb 10, 2004Apr 28, 2004Aug 3, 2004Nov 2, 2004Feb 11, 2005May 5, 2005Aug 5, 2005Nov 1, 2005Feb 7, 2006May 1, 2006Aug 4, 2006Oct 31, 2006Feb 8, 2007May 3, 2007Aug 3, 2007Nov 2, 2007Feb 7, 2008May 1, 2008Aug 8, 2008Oct 31, 2008Feb 5, 2009Apr 30, 2009Aug 5, 2009Nov 5, 2009Feb 4, 2010Apr 30, 2010Aug 4, 2010Nov 5, 2010Feb 10, 2011May 4, 2011Aug 3, 2011Nov 3, 2011Feb 9, 2012May 2, 2012Jul 31, 2012Nov 1, 2012Feb 7, 2013May 7, 2013Aug 1, 2013Nov 1, 2013Feb 6, 2014May 8, 2014Aug 1, 2014Nov 7, 2014Feb 19, 2015May 5, 2015Jul 31, 2015Nov 6, 2015Feb 18, 2016May 3, 2016Jul 29, 2016Nov 4, 2016Feb 16, 2017May 2, 2017Jul 28, 2017Nov 3, 2017Feb 15, 2018May 1, 2018Jul 31, 2018Nov 2, 2018Feb 15, 2019May 1, 2019Aug 2, 2019Nov 1, 2019Feb 13, 2020May 6, 2020Jul 30, 2020Oct 30, 2020Feb 12, 2021May 5, 2021Jul 29, 2021Oct 29, 2021Feb 11, 2022May 4, 2022Jul 28, 2022Oct 28, 2022Feb 10, 2023May 3, 2023Aug 2, 2023Oct 27, 2023Feb 9, 2024May 1, 2024Jul 31, 2024Nov 5, 2024Feb 14, 2025May 7, 2025Aug 1, 2025Nov 4, 2025Feb 12, 2026May 6, 2026Jul 31, 2026Nov 3, 2026
EPS Estimate0.090.060.250.260.090.230.070.070.180.100.100.200.170.090.210.180.100.120.240.200.120.140.270.240.240.180.280.270.260.220.290.290.260.190.310.280.270.260.360.330.310.270.370.310.210.450.560.270.210.460.570.270.210.510.580.320.240.510.620.350.240.460.670.320.260.470.640.310.260.460.590.250.230.490.500.350.340.450.540.350.380.510.530.430.450.500.550.440.480.590.550.440.500.450.520.410.490.520.650.470.520.560.610.460.500.520.610.460.600.520.650.470.590.570.700.510.610.620.730.550.65
EPS Actual0.090.070.240.240.060.200.100.070.130.080.140.200.150.100.220.200.100.100.210.210.200.170.250.260.260.200.290.300.260.210.290.290.250.220.320.280.320.240.350.330.370.330.400.310.200.460.550.280.260.480.540.310.210.460.580.320.260.490.670.330.250.450.630.330.250.460.670.270.220.420.580.200.290.440.540.340.390.510.530.290.400.640.500.490.480.500.540.440.500.560.550.410.500.470.480.420.490.540.620.440.520.500.610.440.520.540.670.470.610.530.680.480.610.580.730.550.620.660.730.56-
Surprise0.00%16.67%-4.00%-7.69%-33.33%-13.04%42.86%0.00%-27.78%-20.00%40.00%0.00%-11.76%11.11%4.76%11.11%0.00%-16.67%-12.50%5.00%66.67%21.43%-7.41%8.33%8.33%11.11%3.57%11.11%0.00%-4.55%0.00%0.00%-3.85%15.79%3.23%0.00%18.52%-7.69%-2.78%0.00%19.35%22.22%8.11%0.00%-4.76%2.22%-1.79%3.70%23.81%4.35%-5.26%14.81%0.00%-9.80%0.00%0.00%8.33%-3.92%8.06%-5.71%4.17%-2.17%-5.97%3.13%-3.85%-2.13%4.69%-12.90%-15.38%-8.70%-1.69%-20.00%26.09%-10.20%8.00%-2.86%14.71%13.33%-1.85%-17.14%5.26%25.49%-5.66%13.95%6.67%0.00%-1.82%0.00%4.17%-5.08%0.00%-6.82%0.00%4.44%-7.69%2.44%0.00%3.85%-4.62%-6.38%0.00%-10.71%0.00%-4.35%4.00%3.85%9.84%2.17%1.67%1.92%4.62%2.13%3.39%1.75%4.29%7.84%1.64%6.45%0.00%1.82%-
Timing-----Pre-marketPre-marketPre-market----------------------------------------------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap29.61B
Enterprise Value54.65B
Trailing P/E23.56
Forward P/E19.46
PEG Ratio2.51
Price / Sales2.40
Price / Book1.62
EPS2.46
Book Value33.00
Revenue (TTM)12.35B
Gross Profit (TTM)5.60B
EBITDA5.69B
Profit Margin14.69%
Operating Margin28.32%
Return on Equity7.47%
Return on Assets2.96%
Shares Outstanding510.90M
Shares Float509.58M
Beta0.41
Dividend Yield3.20%
Dividend Rate1.85
Payout Ratio72.04%

Analyst Ratings

Hold
Based on 15 analystsTarget 53.00
  • Strong Buy
    3
  • Buy
    3
  • Hold
    7
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
57.68%
Insiders
0.20%
Retail / Other
42.12%

Top Institutional Holders

  • Royal Bank of Canada
    34.64M6.78%
  • Bank of Montreal
    24.63M4.82%
  • BMO Capital Markets Corp.
    24.63M4.82%
  • Fidelity International Ltd
    17.72M3.47%
  • Vanguard Capital Management, LLC
    15.39M3.01%
  • TD Asset Management Inc
    9.74M1.91%
  • TD Waterhouse Canada Inc
    9.44M1.85%
  • Scotia Capital Inc
    9.24M1.81%
  • CIBC World Markets Inc.
    7.73M1.51%
  • Geode Capital Management, LLC
    7.37M1.44%
  • 1832 Asset Management L.P
    7.34M1.44%
  • NATIONAL BANK OF CANADA /FI/
    6.99M1.37%
  • NORGES BANK
    6.09M1.19%
  • Legal & General Group PLC
    5.84M1.14%
  • Connor Clark & Lunn Inv Mgmt Ltd
    5.44M1.06%
  • The Goldman Sachs Group Inc
    4.81M0.94%
  • Mackenzie Investments
    4.52M0.88%
  • Vanguard Fiduciary Trust Co
    4.50M0.88%

Top Fund Holders

  • Vanguard Total Intl Stock Index Inv
    7.50M1.47%
  • Vanguard Developed Markets Index Admiral
    4.97M0.97%

Dividends

20263×
0.46Aug 19, 20260.47May 15, 20260.47Feb 17, 2026
20254×
0.45Nov 17, 20250.45Aug 19, 20250.44May 16, 20250.43Feb 18, 2025
20244×
0.44Nov 18, 20240.43Aug 20, 20240.43May 16, 20240.44Feb 15, 2024
20234×
0.43Nov 16, 20230.42Aug 18, 20230.42May 16, 20230.42Feb 14, 2023
20224×
0.43Nov 16, 20220.41Aug 18, 20220.41May 16, 20220.42Feb 14, 2022
20214×
0.43Nov 16, 20210.40Aug 18, 20210.41May 14, 20210.40Feb 12, 2021
20201×
0.39Nov 17, 2020

Stock Splits

  • Oct 13, 20054:1