Fortis Inc. Earnings Recaps
Q3 2025
Nov 4, 2025
Fortis Inc. reported solid third-quarter results with adjusted earnings per share of $0.87 and unveiled a new $28.8 billion 5-year capital plan focused entirely on regulated assets. The company continues to emphasize customer affordability while driving significant rate base growth.
Key takeaways
- Adjusted EPS for Q3 2025 reached $0.87, highlighting strong financial performance.
- Complete transition to 100% regulated assets following the sale of FortisTCI and operations in Belize.
- New 5-year capital plan of $28.8 billion includes a ~$2.8 billion increase, targeting 7% annual rate base growth.
- Dividend increased by ~4%, with annual growth guidance of 4% to 6% through 2030.
- Capital investments are predominantly allocated (77%) to low-risk transmission and distribution projects.