Fortis Inc. Reports Strong Q4 & Full-Year 2025 Adjusted EPS Growth, Outlines $28.8B Capital Plan
FTS sits 27% above its 52-week low of $42.95.
Summary
Fortis Inc. reported strong Q4 and full-year 2025 adjusted EPS growth, supported by a $28.8 billion capital plan for 2026-2030 and a commitment to 4-6% annual dividend increases through 2030.
Key Events · Earnings and Guidance · FTS
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Strong Q4 and Full-Year 2025 Adjusted EPS
Reported Q4 2025 Adjusted EPS of $0.83, up from $0.50 in Q4 2024. Full-year 2025 Adjusted EPS reached $3.53, an increase from $3.28 in 2024.
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Robust Five-Year Capital Plan
Outlined a $28.8 billion capital plan for 2026-2030, expected to drive a 7% compound annual growth rate in the rate base to $57.9 billion by 2030.
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Consistent Dividend Growth
Maintained guidance for 4-6% annual dividend growth through 2030, marking 52 consecutive years of dividend increases.
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Solid Liquidity and Credit Profile
Raised $2.7 billion in long-term debt in 2025 and maintains investment-grade credit ratings (S&P A, Fitch A-, DBRS A (low)).
Analysis · FTS · Energy & Transportation
Fortis Inc. delivered robust financial results for Q4 and the full year 2025, driven by rate base growth and strategic investments. The company reported a significant increase in Q4 Adjusted EPS to $0.83 and full-year Adjusted EPS of $3.53. A substantial $28.8 billion capital plan for 2026-2030 is set to fuel a 7% compound annual growth rate in the rate base, reinforcing future earnings potential. The consistent 4-6% annual dividend growth guidance through 2030, extending its 52-year streak of increases, underscores its commitment to shareholder returns. The company maintains strong investment-grade credit ratings and continues to advance its sustainability goals, including a 38% reduction in scope 1 emissions and a commitment to a coal-free generation mix by 2032.
At the time of this filing, FTS was trading at $54.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $27.5B. The 52-week trading range was $42.95 to $55.34. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.