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

"During the third quarter, all of our regulated utilities performed well and we made good progress towards completing our $3.2 billion capital plan for 2018," said Barry Perry, President and Chief Executive Officer, Fortis. "We recently announced a new plan that lifts our annual capital expenditures to approximately $3.5 billion per year over the next five years. Regulated investments in grid modernization, the delivery of cleaner energy and natural gas infrastructure are driving growth."

"Our focus on sustainable investments in our existing utilities is driving visible rate base growth over the next five years supporting our 6% average annual dividend growth target through 2023," said Mr. Perry.

"In October we published our 2018 Sustainability Report, detailing our commitment to the environment, our governance practices, our people and our involvement in the communities where we live and work. Fortis continues to strengthen its commitment to sustainability and deliver on customer expectations for reliable, safe, cleaner energy," concluded Mr. Perry.

For earnings history and earnings-related data on Fortis (FTS) click here.