Headquartered in St. John's, NF Fiscal year ends December NYSE: FTS fortisinc.com
Fortis Inc. (TSX/NYSE: FTS) is a diversified North American regulated electric and gas utility holding company. It reported 2025 revenue of $12 billion and total assets of $82 billion as at September 30, 2026. Its 9,900 employees serve about 3.5 million utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.
Operations are organized by regulatory jurisdiction:
- **ITC** (80.1% owned): FERC-regulated electric transmission in the MISO region, including International Transmission Company, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains.
- **UNS Energy**: Tucson Electric Power, UNS Electric and UNS Gas in Arizona.
- **Central Hudson**: gas and electric utility in New York.
- **FortisBC Energy**: natural gas distribution and LNG, including the Tilbury LNG facility and the Eagle Mountain Pipeline project, in British Columbia.
- **FortisAlberta**: electric distribution in Alberta.
- **FortisBC Electric**: electric utility in British Columbia.
- **Other Electric**: Newfoundland Power, Maritime Electric, FortisOntario, a 39% stake in Wataynikaneyap Power and about 60% of Caribbean Utilities.
Fortis sold FortisTCI and its Belize holdings in 2025. Earnings grow mainly through regulated rate base investment. The $32.2 billion 2027–2031 capital plan is 47% transmission, 29% distribution, 7% renewable gas and LNG, 6% generation and 11% other. About 62% of planned spending is in the U.S. (36% at ITC), 36% in Canada and 2% in the Cayman Islands.
The company is pursuing data center, mining and industrial load growth in Arizona and Iowa, and LNG marine fuelling at Tilbury. It holds investment-grade credit ratings: S&P A-, Fitch BBB+ and Morningstar DBRS A (low). Updated
Fortis unveiled a $32.2 billion five-year capital program, the largest in its history, funding 4% to 6% annual dividend increases through 2031. EPS topped expectations while revenue missed expectations, extending a 53-year streak of dividend increases.
Fortis reports at 6:00 AM ET with consensus at $0.63 EPS on $3.23 billion in revenue, and it has beaten in three of the past four quarters. The real tell for the $30 billion regulated utility is financing costs and capital spending guidance, the numbers that set the tone for rate-sensitive power names.
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Fortis Inc. (TSX/NYSE: FTS) is a diversified North American regulated electric and gas utility holding company. It reported 2025 revenue of $12 billion and total assets of $82 billion as at September 30, 2026.
24/7 Wall St.'s 12-month price target for FTS is $67.85, rated Buy. The Wall Street consensus target is $53.00. FTS price prediction →
