Fortis Inc. Releases Third Quarter 2026 Results, New Five-Year Capital Outlook and 4% Increase in Fourth Quarter Dividend
Globe Newswire•03/11/2026•06:00 ET
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Key Highlights
- ➤Q3 net earnings $474 million, or $0.92 per share, up from $0.81
- ➤2027-2031 capital plan $32.2 billion, $3.4 billion above prior plan
- ➤2026 capital expenditures expected at $6.0 billion, up from $5.6 billion
- ➤ITC awarded US$1.0 billion Iowa transmission project; US$0.5 billion included
- ➤Fourth-quarter common dividend increased 4% to $0.665 per share
- ➤Dividend growth guidance remains 4%-6% annually through 2031
Expert Statements
David Hutchens, President and Chief Executive Officer, Fortis
“During the third quarter, our utilities executed key capital investments while advancing strategic growth initiatives across our portfolio, including a competitive transmission project at ITC and the Tilbury 1B and Phase 2 LNG expansion projects at FortisBC”
David Hutchens, President and Chief Executive Officer, Fortis
“Today, we are introducing our new $32.2 billion five-year capital plan, the largest in Fortis history, which reflects the critical investments required to deliver safe, reliable and resilient energy service to our customers.”
David Hutchens, President and Chief Executive Officer, Fortis
“With a strong pipeline of regulated investment opportunities and a proven track record of execution, we are well positioned to deliver sustained rate base growth and 4-6% annual dividend growth through 2031.”
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.
ST. JOHN'S, Newfoundland and Labrador, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a diversified leader in the North American regulated electric and gas utility industry, released its third quarter results and 2027-2031 outlook.(1)
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