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Stock impact report

Fortis Inc. Releases Third Quarter 2024 Results

Fortis Inc. Common Shares (FTS) 
Last fortis inc. common shares earnings: 2/13 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022. ST. JOHN'S, Newfoundland and Labrador, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its third quarter results.1 Highlights Third quarter net earnings of $420 million or $0.85 per common share, up from $394 million or $0.81 per common share in 2023Adjusted net earnings per common share2 of $0.85, up from $0.84 in the third quarter of 2023Capital expenditures2 of $3.6 billion through September; capital expenditures of $5.2 billion expected for 2024Released 2025-2029 capital plan of $26 billion, representing 6.5% average annual rate base growthMISO's long-range transmission plan continues to advance; ITC expects at least US$3.0 b Show less Read more
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