Fortis Inc. Reports Second Quarter 2019 Earnings¹
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Fortis (FTS) Misses Q2 EPS by 4c
August 2, 2019 6:07 AM EDTFortis (NYSE: FTS) reported Q2 EPS of $0.54, $0.04 worse than the analyst estimate of $0.58.
Second quarter 2019 net earnings of $1.66 per common share. The results were impacted by weather.After-tax gain on sale of Waneta Expansion Hydroelectric Project ("Waneta Expansion") of $484 millionAdjusted net earnings2 of $0.54 per common share2019 capital expenditure plan increased by $0.6 billion to $4.3 billionUtilized $142 million at-the-market common equity program to fund incremental 2019 capital plan"Fortis continues to deliver on its organic growth strategy with additional investment in renewable energy and electric transmission. The $0.6... More
