Fortis Inc. Reports Strong First Quarter 2021 Results

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Go back to Fortis Inc. Reports Strong First Quarter 2021 Results

Fortis (FTS) Tops Q1 EPS by 7c

May 5, 2021 6:16 AM EDT

Fortis (NYSE: FTS) reported Q1 EPS of $0.77, $0.07 better than the analyst estimate of $0.70.

Highlights

Provided safe and reliable service during the pandemicNet earnings of $355 million, or $0.76 per common shareAdjusted net earnings2 of $0.77 per common share, up from $0.68 in the first quarter of 2020EPS growth driven primarily by increased rate base and higher earnings in ArizonaCapital expenditures of $0.9 billion in the first quarter; $3.8 billion annual capital plan on trackCredit ratings affirmed by S&P and upgraded by DBRS Morningstar

"During the first quarter we delivered... More