Logotype for Fortis Inc

Fortis (FTS) investor relations material

Fortis Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Fortis Inc
Q2 2025 earnings summary1 Aug, 2025

Executive summary

  • Q2 2025 EPS was $0.76, up $0.09 year-over-year, with net earnings of $384M, driven by rate base growth and higher earnings at Central Hudson and FortisBC.

  • Year-to-date capital expenditures totaled $2.9B, supporting a $5.2B annual capital plan and major projects like the 200MW Roadrunner battery storage at TEP.

  • Advanced regulatory milestones, including TEP's general rate application and Central Hudson's multiyear rate settlement.

  • Released the 2025 Sustainability Update Report, highlighting a 34% reduction in Scope 1 GHG emissions since 2019 and ongoing decarbonization initiatives.

  • Fitch assigned a first-time BBB+ credit rating with a stable outlook; dividend growth guidance of 4–6% annually through 2029 reaffirmed.

Financial highlights

  • Q2 2025 net earnings were $384M, up from $331M in Q2 2024; YTD net earnings reached $883M, up from $790M YTD 2024.

  • Q2 2025 revenue was $2,815M, up from $2,670M year-over-year; YTD revenue was $6,153M, up from $5,788M.

  • Q2 2025 EPS was $0.76, up $0.09 year-over-year; YTD EPS was $1.76, up $0.16.

  • Central Hudson Q2 earnings rose to $25M from $5M; FortisBC Energy Q2 earnings $46M, up $15M year-over-year.

  • Over $1B in long-term debt raised YTD to fund capital programs and repay borrowings.

Outlook and guidance

  • Five-year capital plan of $26B remains on track, with rate base expected to grow from $39B in 2024 to $53B by 2029 (6.5% CAGR).

  • Committed to 4–6% annual dividend growth through 2029, supported by 51 consecutive years of increases.

  • Committed to a coal-free generation mix by 2032 and a 2050 net-zero direct GHG emissions target.

  • Will reassess 2030 and 2035 interim GHG targets and provide updates with the next capital plan.

  • Monitoring macroeconomic factors, tariffs, and supply chain risks; no material financial impact expected in 2025.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Fortis earnings date

Logotype for Fortis Inc
Q3 20254 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Fortis earnings date

Logotype for Fortis Inc
Q3 20254 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Fortis Inc., a leader in the North American regulated electric and gas utility industry, serves more than 3.3 million customers across Canada, the United States, and the Caribbean countries. With total assets of approximately $50.6 billion and fiscal 2018 revenue of $6.8 billion, owns utilities that are recognized for their excellent customer service, high reliability, and superior energy efficiency solutions. Its regulated utility companies serve more than 90% of its total customers in Canada, Bermuda, and 8 U.S. states. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage