Fortis Inc. Reports Third Quarter 2019 Earnings¹
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Fortis (FTS) Tops Q3 EPS by 8c
November 1, 2019 6:07 AM EDTFortis (NYSE: FTS) reported Q3 EPS of $0.66, $0.08 better than the analyst estimate of $0.58.
Highlights
Third quarter 2019 net earnings of $0.64 and adjusted net earnings2 of $0.66 per common shareCapital expenditures of $2.6 billion invested through September 2019Five-year capital plan of $18.3 billion for 2020 through 2024, up $1.0 billion from prior year's planFourth quarter 2019 common share dividend increase of 6.1%, marking 46 years of increasesAverage annual dividend growth target of 6% extended through 2024"We are optimistic about the trends occurring in our industry, including the move to cleaner energy and electrification," said Barry Perry,... More
