Fortis Inc. Reports Third Quarter 2020 Earnings
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Fortis (FTS) Tops Q3 EPS by 7c
October 30, 2020 6:06 AM EDTFortis (NYSE: FTS) reported Q3 EPS of $0.65, $0.07 better than the analyst estimate of $0.58.
Highlights
Continued to deliver safe and reliable service throughout the pandemicDelivered third quarter 2020 net earnings of $0.63 per common share and adjusted net earnings2 of $0.65 per common shareExecution of $4.3 billion annual capital plan on track with $2.9 billion invested through SeptemberReleased new five-year capital plan of $19.6 billion, up $0.8 billion from prior five-year planAnnounced common share dividend increase of 5.8%, marking 47 years of consecutive increasesEstablished new corporate-wide carbon emissions reduction target of 75% by... More