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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Fortis
Fortis (FTS) investor relations material
Fortis Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary31 Jul, 2026
Executive summary
Q2 2026 net earnings were $396 million ($0.78 per share), up from $384 million ($0.76 per share) in Q2 2025, driven by rate base growth, higher retail electricity sales at UNS Energy, and strong contributions from ITC and Western Canadian utilities, partially offset by higher costs, asset dispositions, and FX impacts.
Year-to-date net earnings reached $897 million, with EPS steady at $1.76, and capital expenditures totaled $2.7 billion in the first half of 2026, supporting ongoing infrastructure and growth projects.
Major projects advanced, including Tilbury LNG Phase 1B expansion (approved, up to $2.2 billion, equity partnership with Musqueam Indian Band) and Roadrunner Reserve II battery storage (200 MW) placed in service.
Released 2026 Sustainability Report, highlighting a 38% reduction in Scope 1 GHG emissions through 2025 versus 2019.
Growth was partially offset by higher finance costs, asset dispositions in Turks and Caicos and Belize, and FX volatility.
Financial highlights
Q2 2026 net earnings: $396 million, EPS: $0.78, up $0.02 year-over-year; year-to-date net earnings: $897 million, EPS: $1.76.
Q2 2026 revenue was $2,931 million, up $116 million year-over-year; year-to-date revenue was $6,334 million, up $181 million.
Capital expenditures for the first half of 2026 totaled $2.7 billion, with a $5.6 billion annual plan on track.
Dividend per common share increased to $0.64 in Q2 2026, up 4.1% from Q2 2025; 52 consecutive years of dividend increases.
Dispositions in Turks and Caicos and Belize in 2025 had a $0.01 and $0.03 dilutive impact on Q2 and year-to-date EPS, respectively.
Outlook and guidance
Five-year capital plan of $28.8 billion (2026-2030) targets a 7% CAGR in consolidated rate base, reaching $57.9 billion by 2030.
Dividend growth guidance of 4-6% annually through 2030 is reaffirmed, supported by regulated growth and 52 consecutive years of increases.
Additional growth opportunities identified in U.S. electric transmission, grid resiliency, climate adaptation, renewable gas, and LNG infrastructure.
New five-year capital plan and funding strategy to be released with Q3 results.
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Latest events from Fortis
- 7% rate base CAGR, $28.8B capital plan, and 4-6% dividend growth guidance through 2030.FTS
Q3 2026 - Record financial results, clean energy focus, and all resolutions passed with strong support.FTSAGM 2026
- $28.8B capital plan targets 7% rate base growth and net-zero emissions by 2050.FTSInvestor presentation
- Q1 2026 net earnings reached $501M, with $1.4B in capex and a robust 7% rate base CAGR outlook.FTSQ1 2026
- $3.53 adjusted EPS, 7% rate base growth, and a $28.8B capital plan drive future value.FTSQ4 2025
- Q3 adjusted EPS up, $28.8B capital plan announced, dividend raised, asset sales fund growth.FTSQ3 2025
- Q3 adjusted EPS reached $0.85, net earnings $420M, and a $26B capital plan was announced.FTSQ3 2024
- Q1 2025 net earnings up $40M year-over-year, with $1.4B capex and strong regulated growth.FTSQ1 2025
- 6% adjusted EPS growth, record capital investment, and 51 years of dividend increases in 2024.FTSQ4 2024
Next Fortis earnings date
Q3 20263 Nov, 2026
Fortis
Next Fortis earnings date
Q3 20263 Nov, 2026
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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.