Fortis (FTS) Tops Q3 EPS by 11c
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Fortis Inc. Releases Third Quarter 2021 Results and New Five-Year Capital Outlook
October 29, 2021 6:00 AM EDTST. JOHN'S, Newfoundland and Labrador, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) released its third quarter results1 and 2022-2026 capital investment plan.
Highlights
Third quarter net earnings of $295Â million, or $0.63 per common shareAdjusted net earnings2 of $0.64 per common shareExecution of 2021 $3.8 billion capital plan on track with $2.6 billion invested through September2022-2026 capital plan of $20 billion announced, representing 6% rate base growthIncreased common share dividend ~6%, marking 48 years of consecutive increasesReaffirmed 6% average annual dividend growth guidance... More