Fortis Inc. Reports First Quarter 2019 Earnings¹

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Go back to Fortis Inc. Reports First Quarter 2019 Earnings¹

Fortis (FTS) Tops Q1 EPS by 16c

May 1, 2019 6:22 AM EDT

Fortis (NYSE: FTS) reported Q1 EPS of $0.74, $0.16 better than the analyst estimate of $0.58.

Highlights

First quarter 2019 net earnings of $0.72 per common shareAdjusted net earnings2 of $0.74 per common share, up from $0.70 in the same period last yearAnnual capital expenditure plan on track with $0.7 billion invested during the quarterCompleted sale of interest in Waneta Expansion Hydroelectric Project for approximately $1 billionCompleted the repurchase of US$400 million corporate debt

"Our businesses, now 99% regulated,... More