FTS

Fortis Inc.

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$54.85

-0.50 (-0.90%)
Current Price
Previous Close $55.35
Open $55.21
Day High $55.66
Day Low $54.48
Volume 339,172
Fetched: 2026-08-27T17:38:24
Stock Information
Note: Financial values converted from CAD to USD
Quarterly Dividend / Yield $1.85 / 3.38%
Shares Outstanding 510.90M
Quarterly Dividend Yield 3.38%
Quarterly Dividend $1.85
Total Debt $26.13B
Cash Equivalents $276.24M
Revenue $8.88B
Net Income $1.24B
Sector Utilities
Industry Utilities - Regulated Electric
Market Cap $27.93B
P/E Ratio 22.22
EPS (TTM) $2.46
Exchange NYQ
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Recent Price History
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About Fortis Inc.

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.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $2,418,567,773 $2,331,037,287 $2,705,552,973 $2,835,413,776
Cost Of Revenue $2,418,567,773 $2,331,037,287 $2,705,552,973 $2,835,413,776
Total Revenue $8,731,524,710 $8,256,564,204 $8,263,021,371 $7,922,943,909
Operating Revenue $8,537,809,700 $8,066,436,509 $8,009,039,469 $7,828,956,256
Expenses
Interest Expense $1,060,410,314 $1,008,752,978 $936,289,215 $790,644,226
Total Expenses $6,226,143,914 $5,894,676,008 $6,050,365,479 $5,957,095,289
Other Income Expense $213,086,511 $160,711,712 $154,254,545 $110,489,302
Other Non Operating Income Expenses $182,953,065 $157,124,397 $118,381,395 $135,600,507
Net Non Operating Interest Income Expense $-1,029,559,405 $-962,835,346 $-881,762,027 $-782,752,133
Interest Expense Non Operating $1,060,410,314 $1,008,752,978 $936,289,215 $790,644,226
Operating Expense $3,807,576,141 $3,563,638,721 $3,344,812,506 $3,121,681,513
Other Operating Expenses $2,331,754,750 $2,181,087,520 $2,072,750,607 $1,924,953,229
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $1,290,715,937 $1,205,337,840 $1,128,569,299 $1,000,143,422
Net Interest Income $-1,029,559,405 $-962,835,346 $-881,762,027 $-782,752,133
Interest Income $30,850,909 $45,917,632 $54,527,188 $7,892,093
Normalized Income $1,274,579,477 $1,210,767,325 $1,107,234,819 $1,021,236,834
Net Income From Continuing And Discontinued Operation $1,290,715,937 $1,205,337,840 $1,128,569,299 $1,000,143,422
Total Operating Income As Reported $2,505,380,796 $2,361,888,196 $2,212,655,892 $1,965,848,620
Average Dilution Earnings $0 $0 $0 $0
Net Income Common Stockholders $1,229,731,582 $1,152,245,578 $1,080,499,278 $954,225,790
Net Income $1,290,715,937 $1,205,337,840 $1,128,569,299 $1,000,143,422
Net Income Including Noncontrolling Interests $1,406,944,943 $1,311,522,364 $1,226,861,730 $1,086,238,982
Net Income Continuous Operations $1,406,944,943 $1,311,522,364 $1,226,861,730 $1,086,238,982
Pretax Income $1,688,907,902 $1,559,764,562 $1,485,148,410 $1,293,585,789
Special Income Charges $-22,958,816 $0 $16,501,649 $0
Earnings From Equity Interest $10,761,945 $10,044,482 $10,044,482 $55,962,114
Interest Income Non Operating $30,850,909 $45,917,632 $54,527,188 $7,892,093
Operating Income $2,505,380,796 $2,361,888,196 $2,212,655,892 $1,965,848,620
Depreciation Amortization Depletion Income Statement $1,475,821,391 $1,382,551,201 $1,272,061,899 $1,196,728,284
Depreciation And Amortization In Income Statement $1,475,821,391 $1,382,551,201 $1,272,061,899 $1,196,728,284
Gross Profit $6,312,956,937 $5,925,526,917 $5,557,468,398 $5,087,530,133
Per Share
Diluted EPS $2.44 $2.32 $2.22 $1.99
Basic EPS $2.44 $2.32 $2.22 $1.99
Other
Tax Effect Of Unusual Items $3,235,041 $-1,027,682 $4,494,188 $-4,017,793
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $4,205,768,106 $3,957,525,908 $3,667,670,856 $3,306,069,504
Total Unusual Items $19,371,501 $-6,457,167 $25,828,668 $-25,111,205
Total Unusual Items Excluding Goodwill $19,371,501 $-6,457,167 $25,828,668 $-25,111,205
Reconciled Depreciation $1,475,821,391 $1,382,551,201 $1,272,061,899 $1,196,728,284
EBITDA (Bullshit earnings) $4,225,139,607 $3,951,068,741 $3,693,499,524 $3,280,958,299
EBIT $2,749,318,216 $2,568,517,540 $2,421,437,625 $2,084,230,015
Diluted Average Shares $361,386,113 $355,287,678 $349,045,750 $343,664,777
Basic Average Shares $361,242,620 $355,144,185 $348,902,257 $343,377,792
Diluted NI Availto Com Stockholders $1,229,731,582 $1,152,245,578 $1,080,499,278 $954,225,790
Preferred Stock Dividends $60,984,355 $53,092,262 $48,070,021 $45,917,632
Minority Interests $-116,229,006 $-106,184,524 $-98,292,431 $-86,095,560
Tax Provision $281,962,959 $248,242,198 $258,286,680 $207,346,807
Gain On Sale Of Business $-22,958,816 $0 $16,501,649 $0
Gain On Sale Of Security $42,330,317 $-6,457,167 $9,327,019 $-25,111,205
Other Special Charges - - $-72,463,763 $-55,962,114
Fetched: 2026-08-08
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $6,858,946,280 $6,482,278,205 $5,604,103,493 $5,035,155,334
Total Assets $53,687,756,290 $52,723,486,018 $47,295,160,960 $46,098,432,676
Total Non Current Assets $50,957,809,575 $49,999,996,470 $44,407,372,385 $43,035,583,129
Other Non Current Assets $250,394,587 $251,112,050 $210,216,659 $191,562,621
Non Current Deferred Assets $78,203,467 $20,806,427 $15,784,186 $28,698,520
Financial Assets $22,958,816 $34,438,224 $30,850,909 $84,660,634
Goodwill And Other Intangible Assets $10,223,847,750 $10,599,080,899 $9,824,938,322 $10,053,091,556
Other Intangible Assets $1,236,188,749 $1,191,706,043 $1,083,369,130 $1,110,632,724
Current Assets $2,729,946,715 $2,723,489,548 $2,887,788,575 $3,062,849,547
Other Current Assets $801,406,171 $746,161,520 $758,358,391 $1,071,889,722
Prepaid Assets $128,425,877 $130,578,266 $107,619,450 $104,749,598
Inventory $465,633,487 $491,462,155 $406,084,058 $474,243,043
Receivables $1,071,172,259 $1,197,445,747 $1,167,312,301 $1,262,017,417
Receivables Adjustments Allowances $-57,397,040 $-55,962,114 $-48,787,484 $-41,612,854
Accounts Receivable $583,297,419 $723,920,167 $638,542,070 $667,240,590
Cash Cash Equivalents And Short Term Investments $263,308,921 $157,841,860 $448,414,375 $149,949,767
Cash And Cash Equivalents $263,308,921 $157,841,860 $448,414,375 $149,949,767
Taxes Receivable - $0 $55,962,114 $0
Other Receivables - - - $416,128,540
Gross Accounts Receivable - - - -
Debt
Net Debt $24,332,040,182 $23,742,285,596 $20,824,363,575 $20,416,127,128
Total Debt $24,876,594,599 $24,179,938,026 $21,543,978,964 $20,831,538,205
Long Term Debt And Capital Lease Obligation $22,323,861,245 $22,681,875,282 $19,811,305,819 $18,869,994,363
Long Term Debt $22,042,615,749 $22,402,064,712 $19,540,104,805 $18,604,533,053
Current Debt And Capital Lease Obligation $2,552,733,354 $1,498,062,744 $1,732,673,145 $1,961,543,842
Current Debt $2,552,733,354 $1,498,062,744 $1,732,673,145 $1,961,543,842
Other Current Borrowings $2,257,138,598 $1,427,751,370 $1,647,295,048 $1,780,025,703
Liabilities
Total Liabilities Net Minority Interest $35,127,705,943 $34,174,915,079 $30,555,314,244 $29,710,142,830
Total Non Current Liabilities Net Minority Interest $29,737,406,424 $29,844,308,411 $26,276,364,912 $24,962,690,159
Other Non Current Liabilities $41,612,854 $43,765,243 $46,635,095 $53,809,725
Derivative Product Liabilities $22,241,353 $47,352,558 $34,438,224 $51,657,336
Non Current Deferred Liabilities $3,929,544,851 $3,738,699,693 $3,315,396,523 $3,024,106,545
Non Current Deferred Taxes Liabilities $3,796,814,196 $3,601,664,260 $3,156,119,737 $2,912,899,780
Current Liabilities $5,390,299,519 $4,330,606,668 $4,278,949,332 $4,747,452,671
Other Current Liabilities $565,360,844 $711,005,833 $662,935,812 $634,237,292
Current Deferred Liabilities $370,210,908 $258,286,680 $188,692,769 $287,702,663
Payables And Accrued Expenses $1,881,905,449 $1,842,444,984 $1,674,558,642 $1,843,879,910
Interest Payable $228,870,697 $218,826,215 $196,584,862 $182,235,602
Payables $1,653,034,752 $1,623,618,769 $1,477,973,780 $1,661,644,308
Other Payable $415,411,077 $375,950,612 $363,753,741 $561,056,066
Dividends Payable $238,197,716 $225,283,382 $211,651,585 $199,454,714
Total Tax Payable $175,778,435 $218,108,752 $192,280,084 $265,461,310
Accounts Payable $823,647,524 $804,276,023 $710,288,370 $635,672,218
Income Tax Payable - - $0 $63,136,744
Equity
Common Stock Equity $15,918,351,581 $15,916,916,655 $14,264,599,366 $13,923,804,441
Preferred Stock Equity $1,164,442,449 $1,164,442,449 $1,164,442,449 $1,164,442,449
Total Equity Gross Minority Interest $18,560,050,347 $18,548,570,939 $16,739,846,716 $16,388,289,846
Stockholders Equity $17,082,794,030 $17,081,359,104 $15,429,041,815 $15,088,246,890
Gains Losses Not Affecting Retained Earnings $789,926,763 $1,482,996,021 $468,503,339 $723,202,704
Other Equity Adjustments $789,926,763 $1,482,996,021 $468,503,339 $723,202,704
Retained Earnings $3,565,073,647 $3,243,650,223 $2,950,207,856 $2,678,289,379
Long Term Equity Investment $154,254,545 $185,822,917 $170,038,731 $144,210,063
Other
Preferred Shares Number $47,496,051 $47,496,051 $47,496,051 $47,496,051
Ordinary Shares Number $363,997,727 $358,230,069 $351,979,098 $345,925,240
Share Issued $363,997,727 $358,230,069 $351,979,098 $345,925,240
Tangible Book Value $5,694,503,831 $5,317,835,756 $4,439,661,044 $3,870,712,885
Invested Capital $40,513,700,684 $39,817,044,111 $35,537,377,316 $34,489,881,336
Working Capital $-2,660,352,804 $-1,607,117,120 $-1,391,160,757 $-1,684,603,124
Capital Lease Obligations $281,245,496 $279,810,570 $271,201,014 $265,461,310
Total Capitalization $39,125,409,779 $39,483,423,816 $34,969,146,620 $33,692,779,943
Minority Interest $1,477,256,317 $1,467,211,835 $1,310,804,901 $1,300,042,956
Additional Paid In Capital $3,587,315 $5,739,704 $6,457,167 $7,174,630
Capital Stock $12,724,206,305 $12,348,973,156 $12,003,873,453 $11,679,580,177
Common Stock $11,559,763,856 $11,184,530,707 $10,839,431,004 $10,515,137,728
Preferred Stock $1,164,442,449 $1,164,442,449 $1,164,442,449 $1,164,442,449
Employee Benefits $411,823,762 $401,061,817 $436,934,967 $360,166,426
Non Current Pension And Other Postretirement Benefit Plans $307,791,627 $319,988,498 $378,103,001 $303,486,849
Non Current Deferred Revenue $84,660,634 $91,835,264 $120,533,784 $76,768,541
Long Term Capital Lease Obligation $281,245,496 $279,810,570 $271,201,014 $265,461,310
Long Term Provisions $274,788,329 $279,810,570 $205,911,881 $220,978,604
Current Deferred Revenue $370,210,908 $258,286,680 $188,692,769 $287,702,663
Line Of Credit $295,594,756 $70,311,374 $85,378,097 $181,518,139
Pensionand Other Post Retirement Benefit Plans Current $20,088,964 $20,806,427 $20,088,964 $20,088,964
Current Accrued Expenses $228,870,697 $218,826,215 $196,584,862 $182,235,602
Defined Pension Benefit $553,163,973 $486,439,914 $338,642,536 $307,791,627
Investments And Advances $330,750,443 $347,252,092 $299,182,071 $226,718,308
Other Investments $176,495,898 $161,429,175 $129,143,340 $82,508,245
Goodwill $8,987,659,001 $9,407,374,856 $8,741,569,192 $8,942,458,832
Net PPE $36,551,869,998 $35,528,767,760 $31,163,722,868 $29,922,511,878
Accumulated Depreciation $-12,041,181,529 $-11,925,669,986 $-10,717,462,294 $-10,406,083,352
Gross PPE $48,593,051,527 $47,454,437,746 $41,881,185,162 $40,328,595,230
Construction In Progress $2,788,061,218 $2,567,082,614 $1,851,772,003 $1,502,367,522
Other Properties $4,106,040,749 $3,994,833,984 $3,537,092,590 $3,760,223,583
Other Inventories $41,612,854 $46,635,095 $68,876,448 $168,603,805
Treasury Shares Number - - $0 -
Investmentsin Associatesat Cost - - $170,038,731 $144,210,063
Current Provisions - - - $12,196,871
Fetched: 2026-08-08
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-1,558,329,636 $-958,530,568 $-447,696,912 $-567,513,233
Operating Activities
Operating Cash Flow $2,914,334,706 $2,785,191,366 $2,543,406,335 $2,205,481,262
Cash Flow From Continuing Operating Activities $2,914,334,706 $2,785,191,366 $2,543,406,335 $2,205,481,262
Investing Activities
Capital Expenditure $-4,472,664,342 $-3,743,721,934 $-2,991,103,247 $-2,772,994,495
Investing Cash Flow $-3,843,449,291 $-3,870,712,885 $-2,684,746,546 $-2,912,182,317
Cash Flow From Continuing Investing Activities $-3,843,449,291 $-3,870,712,885 $-2,684,746,546 $-2,912,182,317
Financing Activities
Issuance Of Capital Stock $43,047,780 $33,003,298 $30,850,909 $38,025,539
Financing Cash Flow $1,048,213,443 $763,380,632 $439,804,819 $742,574,205
Cash Flow From Continuing Financing Activities $1,048,213,443 $763,380,632 $439,804,819 $742,574,205
Net Other Financing Charges $-27,981,057 $-77,486,004 $-55,244,651 $-50,939,873
Cash Dividends Paid $-626,345,199 $-586,884,734 $-551,011,584 $-528,770,231
Preferred Stock Dividend Paid $-60,984,355 $-53,092,262 $-48,070,021 $-45,917,632
Common Stock Dividend Paid $-565,360,844 $-533,792,472 $-502,941,563 $-482,852,599
Net Common Stock Issuance $43,047,780 $33,003,298 $30,850,909 $38,025,539
Common Stock Issuance $43,047,780 $33,003,298 $30,850,909 $38,025,539
Other
Repayment Of Debt $-8,009,756,932 $-7,011,765,899 $-6,088,391,018 $-5,672,979,941
Issuance Of Debt $9,393,025,596 $8,424,450,546 $7,194,001,501 $6,972,305,434
Interest Paid Supplemental Data $1,053,953,147 $976,467,143 $900,416,065 $758,358,391
Income Tax Paid Supplemental Data $21,523,890 - $92,552,727 $56,679,577
End Cash Position $263,308,921 $157,841,860 $448,414,375 $149,949,767
Beginning Cash Position $157,841,860 $448,414,375 $149,949,767 $93,987,653
Effect Of Exchange Rate Changes $-13,631,797 $31,568,372 $0 $20,088,964
Changes In Cash $119,098,858 $-322,140,887 $298,464,608 $35,873,150
Net Issuance Payments Of Debt $1,659,491,919 $1,394,748,072 $1,015,210,145 $1,284,258,770
Net Short Term Debt Issuance $276,223,255 $-17,936,575 $-90,400,338 $-15,066,723
Net Long Term Debt Issuance $1,383,268,664 $1,412,684,647 $1,105,610,483 $1,299,325,493
Long Term Debt Payments $-8,009,756,932 $-7,011,765,899 $-6,088,391,018 $-5,672,979,941
Long Term Debt Issuance $9,393,025,596 $8,424,450,546 $7,194,001,501 $6,972,305,434
Net Business Purchase And Sale $324,293,276 $0 $308,509,090 $-71,746,300
Sale Of Business $343,664,777 $0 $325,728,202 $0
Purchase Of Business $-19,371,501 $0 $-17,219,112 $-71,746,300
Net Intangibles Purchase And Sale $-209,499,196 $-147,797,378 $-131,295,729 $-199,454,714
Purchase Of Intangibles $-209,499,196 $-147,797,378 $-131,295,729 $-199,454,714
Net PPE Purchase And Sale $-4,263,165,146 $-3,595,924,556 $-2,859,807,518 $-2,573,539,781
Purchase Of PPE $-4,263,165,146 $-3,595,924,556 $-2,859,807,518 $-2,573,539,781
Change In Working Capital $-145,644,989 $49,504,947 $-129,860,803 $-227,435,771
Change In Other Working Capital $-60,984,355 $-71,028,837 $-71,746,300 $116,229,006
Change In Other Current Liabilities $-78,920,930 $40,177,928 $50,939,873 $23,676,279
Change In Other Current Assets $-67,441,522 $66,724,059 $74,616,152 $-220,261,141
Change In Payables And Accrued Expense $139,905,285 $82,508,245 $-279,810,570 $322,140,887
Change In Payable $139,905,285 $82,508,245 $-279,810,570 $322,140,887
Change In Account Payable $139,905,285 $82,508,245 $-279,810,570 $322,140,887
Change In Prepaid Assets $-8,609,556 $-15,066,723 $-5,022,241 $-15,784,186
Change In Inventory $-32,285,835 $-52,374,799 $-717,463 $-109,771,839
Change In Receivables $-37,308,076 $-1,434,926 $101,879,746 $-343,664,777
Changes In Account Receivables $-37,308,076 $-1,434,926 $101,879,746 $-343,664,777
Other Non Cash Items $-48,787,484 $-68,876,448 $-20,806,427 $19,371,501
Deferred Tax $226,000,845 $110,489,302 $195,149,936 $130,578,266
Deferred Income Tax $226,000,845 $110,489,302 $195,149,936 $130,578,266
Depreciation Amortization Depletion $1,475,821,391 $1,382,551,201 $1,272,061,899 $1,196,728,284
Depreciation And Amortization $1,475,821,391 $1,382,551,201 $1,272,061,899 $1,196,728,284
Amortization Cash Flow $177,213,361 $166,451,416 $165,733,953 $149,232,304
Amortization Of Intangibles $177,213,361 $166,451,416 $165,733,953 $149,232,304
Depreciation $1,298,608,030 $1,216,099,785 $1,106,327,946 $1,047,495,980
Net Income From Continuing Operations $1,406,944,943 $1,311,522,364 $1,226,861,730 $1,086,238,982
Short Term Debt Payments - - - -
Short Term Debt Issuance - - - -
Fetched: 2026-08-08