Fortis Reports Strong 2025 Earnings, Boosts Capital Plan to $28.8B, and Extends Dividend Growth Guidance
summarizeSummary
Fortis Inc. reported strong Q4 and full-year 2025 adjusted EPS growth, announced an increased $28.8 billion five-year capital plan, and reaffirmed its 4-6% annual dividend growth guidance through 2030.
check_boxKey Events
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Strong 2025 Financial Performance
Reported annual adjusted net earnings per common share of $3.53 for 2025, up from $3.28 in 2024, reflecting solid operational execution and rate base growth.
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Increased Five-Year Capital Plan
Unveiled a $28.8 billion capital plan for 2026-2030, an increase of $2.8 billion from the previous plan, expected to drive a 7% compound annual rate base growth through 2030.
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Extended Dividend Growth Guidance
Achieved its 52nd consecutive year of common share dividend increases with a 4.1% rise in the fourth quarter dividend, and provided guidance for 4-6% annual dividend growth through 2030.
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Progress on Climate Goals
Released its 2026 Climate Resiliency Report, detailing a 38% reduction in scope 1 greenhouse gas emissions through 2025 compared to 2019 levels, and reaffirmed commitment to a coal-free generation mix by 2032 and net-zero by 2050.
auto_awesomeAnalysis
Fortis Inc. delivered robust financial results for 2025, marked by significant adjusted EPS growth and a substantial increase in its five-year capital plan. The expanded $28.8 billion capital program is expected to drive a 7% compound annual growth rate in the rate base through 2030, reinforcing the company's long-term earnings potential. This strong performance supports the continuation of its impressive 52-year streak of dividend increases, with guidance for 4-6% annual growth through 2030. The filing also highlights progress on decarbonization goals and key regulatory approvals, positioning the company favorably within the evolving energy landscape. This detailed earnings release provides the underlying information for the comprehensive annual report (40-F) filed concurrently.
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 8 out of 10.