Fortis 1St Cum Red Srs F Prf

Fortis 1St Cum Red Srs F Prf

FTS-PF · TO · Utilities / Utilities - Regulated Electric

23.01CAD+0.03 (+0.13%)

Price History

Full chart

Market Stats

Previous Close22.98
Open22.89
Day Range22.89 – 23.01
52-Week Range21.04 – 23.80
Volume3.53K
Market Cap23.38B
P/E (TTM)8.38
Forward P/E0.00
EPS2.59
Dividend Yield5.64%
Beta0.41
50-Day Avg22.89
200-Day Avg23.14

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, Canada
  • Websitehttps://www.fortisinc.com

Leadership

  • Mr. David Gerard HutchensPresident, CEO & Director · b. 1967
  • Ms. Jocelyn H. Perry CPAExecutive VP & CFO · b. 1971
  • 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

Financials

Income Statement

Currency: CAD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue6.76B6.84B8.30B8.39B8.78B8.94B9.45B11.04B11.52B11.51B12.17B
Growth (%)-+1.20%+21.40%+1.07%+4.68%+1.73%+5.74%+16.88%+4.29%-0.08%+5.75%
Cost of Revenue4.46B2.34B2.36B2.50B2.52B2.56B2.95B3.95B3.77B3.25B3.37B
Gross Profit2.30B4.50B5.94B5.89B6.26B6.37B6.50B7.09B7.75B8.26B8.80B
Gross Margin34.07%65.76%71.56%70.26%71.31%71.33%68.77%64.21%67.26%71.77%72.30%
Operating Expense873.00M3.01B3.44B3.53B3.80B3.87B4.03B4.35B4.66B4.97B5.31B
Operating Income1.43B1.48B2.50B2.37B2.46B2.51B2.47B2.74B3.08B3.29B3.49B
Operating Margin21.15%21.69%30.12%28.19%28.02%28.07%26.13%24.81%26.78%28.61%28.69%
EBITDA--3.81B3.67B4.53B4.09B4.15B4.57B5.15B5.51B5.89B
EBITDA Margin--45.85%43.72%51.53%45.78%43.89%41.41%44.70%47.85%48.39%
Net Income805.00M660.00M1.03B1.17B1.72B1.27B1.29B1.39B1.57B1.68B1.80B
Net Income Margin11.91%9.65%12.38%13.90%19.61%14.26%13.70%12.62%13.66%14.60%14.78%
Interest Expense000974.00M1.03B1.04B1.00B1.10B1.30B1.41B1.48B
Interest Expense % of Total Revenue0.00%0.00%0.00%11.61%11.78%11.66%10.62%9.98%11.33%12.22%12.14%

Balance Sheet

Currency: CAD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets28.80B47.90B47.82B53.05B53.40B55.48B57.66B64.25B65.92B73.49B74.83B
Total Liabilities18.45B31.45B31.07B34.59B33.29B35.20B36.74B41.41B42.59B47.63B48.96B
Total Equity8.06B14.60B15.00B16.53B18.53B18.70B19.29B21.03B21.50B23.81B23.81B
Cash242.00M269.00M327.00M332.00M370.00M249.00M131.00M209.00M625.00M220.00M367.00M
Net Debt--21.34B23.81B22.33B24.25B25.45B28.46B29.02B33.09B33.91B

Cash Flow

Currency: CAD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.67B1.88B2.76B2.60B2.66B2.70B2.91B3.07B3.67B3.88B4.06B
Investing Cash Flow-1.37B-6.89B-3.02B-3.25B-2.77B-4.13B-3.49B-4.06B---
Financing Cash Flow-346.00M5.05B339.00M644.00M154.00M1.33B451.00M1.03B850.00M1.06B1.46B
Capital Expenditure2.16B2.06B2.81B3.03B3.50B3.86B3.19B3.59B4.03B5.22B6.23B
Free Cash Flow---268.00M-614.00M-1.06B-1.34B-479.00M-791.00M-365.00M-1.34B-2.17B
Dividends Paid309.00M388.00M484.00M525.00M561.00M851.00M671.00M737.00M764.00M818.00M873.00M
FCF to OCF---9.72%-23.58%-39.69%-49.54%-16.48%-25.73%-9.95%-34.42%-53.47%
Dividend Paid to FCF---180.60%-85.50%-53.07%-63.60%-140.08%-93.17%-209.32%-61.23%-40.19%

Key Statistics & Ratios

Market Cap23.38B
Enterprise Value50.83B
Trailing P/E8.38
Forward P/E0.00
Price / Sales1.92
Price / Book0.00
EPS2.59
Book Value46.34
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 Outstanding426.60M
Shares Float509.58M
Beta0.41
Dividend Yield5.64%
Dividend Rate1.23
Payout Ratio0.00%

Dividends

20263×
0.31Aug 19, 20260.31May 15, 20260.31Feb 17, 2026
20254×
0.31Nov 17, 20250.31Aug 19, 20250.31May 16, 20250.31Feb 18, 2025
20244×
0.31Nov 18, 20240.31Aug 20, 20240.31May 16, 20240.31Feb 15, 2024
20234×
0.31Nov 16, 20230.31Aug 18, 20230.31May 16, 20230.31Feb 14, 2023
20224×
0.31Nov 16, 20220.31Aug 18, 20220.31May 16, 20220.31Feb 14, 2022
20214×
0.31Nov 16, 20210.31Aug 18, 20210.31May 14, 20210.31Feb 12, 2021
20201×
0.31Nov 17, 2020