Fortis Inc. Reports Third Quarter 2020 Earnings

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Go back to Fortis Inc. Reports Third Quarter 2020 Earnings

Fortis (FTS) Tops Q3 EPS by 7c

October 30, 2020 6:06 AM EDT

Fortis (NYSE: FTS) reported Q3 EPS of $0.65, $0.07 better than the analyst estimate of $0.58.

Highlights

Continued to deliver safe and reliable service throughout the pandemicDelivered third quarter 2020 net earnings of $0.63 per common share and adjusted net earnings2 of $0.65 per common shareExecution of $4.3 billion annual capital plan on track with $2.9 billion invested through SeptemberReleased new five-year capital plan of $19.6 billion, up $0.8 billion from prior five-year planAnnounced common share dividend increase of 5.8%, marking 47 years of consecutive increasesEstablished new corporate-wide carbon emissions reduction target of 75% by... More