What were the key takeaways from Fortis's earnings call?

What were the key takeaways from Fortis’s earnings call?

What factors drove the changes in Fortis's revenue and profit?

What is the market's earnings forecast for Fortis next quarter?

What is the revenue and EPS growth rate for Fortis year over year?

Did Fortis beat or miss consensus estimates last quarter?

What does Fortis do and what are its main business segments?

What is Fortis's gross profit margin?

- **$28.8B Capital Plan Expansion**: 77% allocated to transmission, targeting 7% annual rate-based growth.
- **Dividend Growth Continuity**: 4%-6% annual increases through 2030, backed by 52-year dividend streak.
- **Regulated Portfolio Transition**: 100% regulated assets post-Belize sale, enhancing risk profile.
- **Arizona Data Center Opportunities**: $1.5-$2B potential investments in renewable and natural gas generation.
- **LNG Expansion Upside**: $300M contingent on BC environmental approvals.

**【CEO Summary Section】**
- Announced a new $28.8 billion five-year capital plan, up $2.8 billion from the prior plan, with 77% allocated to low-risk transmission and distribution investments.
- Projected 7% annual rate-based growth through 2030, supported by $5.6 billion in annual capital investments.
- Sold non-regulated assets in Turks and Caicos and Belize, transitioning to 100% regulated portfolio.
- Dividend growth guidance maintained at 4%-6% annually, with a 4.1% increase in Q3 dividend.

**【CFO Financial Commentary】**
- Q3 2025 adjusted EPS of $0.87, up $0.02 year-over-year, driven by regulated utility performance.
- Strong cash flow-to-debt ratio of 12.4%, with $2 billion raised through debt issuances and asset sales.
- Funding plan balanced with utility debt, DRIP, and ATM program, ensuring financial flexibility.

**【Q&A Highlights】**
- Arizona data center projects could require $1.5-$2 billion in new generation by 2030, contingent on customer agreements.
- ITC transmission queue expanded by 3,000 MW since Q2, with potential for $3.3-$3.8 billion in tranche 2.1 projects.
- LNG storage expansion in BC approved, with $300 million upside pending environmental assessments.
- Customer affordability prioritized through cost-sharing agreements and regulatory approvals.

Fortis Inc (FTS) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

FTS

FTS fundamentals

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