Fortis Inc. Reaffirms $26 Billion 2025-2029 Capital Plan Amidst Ongoing Utility Operations.

Fortis Inc. is a Canadian diversified regulated electric and gas utility holding company with a capital plan of $26 billion for 2025-2029. Its regulated utility businesses include ITC Holdings Corp., UNS Energy Corporation, CH Energy Group, and several other subsidiaries.

Fortis Inc. (TSE:FTS), a Canadian diversified regulated electric and gas utility holding company, will host its Annual General Meeting on May 8th. The company's CEO, Dave Hutchens, will be compensated CA$1.71 million for the fiscal year ending December 2024, with the total compensation package amounting to CA$16 million. This compensation is comparable to industry standards, with Fortis' total CEO compensation being in line with the median for companies in the Canada Electric Utilities industry [1].

Over the past three years, Fortis Inc. has seen a 7.0% growth in earnings per share (EPS) and a total shareholder return of 26%. The company's capital plan, which includes investments of CA$26 billion from 2025 to 2029, aims to achieve a 6.5% annual rate base growth. Despite the company's moderate EPS growth, Fortis Inc. has consistently met or exceeded EPS estimates in the past, making it a stock worth monitoring for investors [2].

On Wednesday, May 7th, Fortis Inc. is scheduled to announce its Q1 2025 earnings results. Analysts expect the company to report an EPS of $0.70, marking a 24.7% year-over-year decline. The consensus revenue estimate for the quarter is $2.27 billion. Investors should keep an eye on these results, as Fortis Inc. has a history of beating EPS estimates, although it has not consistently met revenue estimates in the past.

In conclusion, Fortis Inc. has shown steady performance, with a reasonable CEO compensation package and a robust capital plan. The upcoming earnings report will provide further insights into the company's financial health. As always, investors should conduct thorough research and consider their individual financial situations before making investment decisions.

References:
[1] https://simplywall.st/stocks/ca/utilities/tsx-fts/fortis-shares/news/this-is-why-fortis-incs-tsefts-ceo-compensation-looks-approp
[2] https://seekingalpha.com/news/4442128-fortis-q1-2025-earnings-preview