Fortis Inc. Q3 2026 Earnings Recap

Fortis delivered third-quarter adjusted EPS growth and raised its five-year capital plan, while the stock rose 2.5%—a broadly neutral market reaction. The plan increases investment and rate-base growth, with transmission and LNG projects driving much of the expansion.

Key Takeaways

• Third-quarter reported earnings were $474 million, or $0.92 per share; adjusted EPS was up $0.05 year over year.
• Fortis invested $4.2 billion year to date and expects approximately $6 billion for the full year, $400 million above its prior plan.
• The new five-year capital plan totals $32.2 billion, up $3.4 billion from the previous plan; projected five-year rate-base CAGR is 7.5%.
• About 75% of planned investment is directed to transmission and distribution, and all projects in the plan are regulated.
• Fortis extended its annual dividend growth guidance of 4%–6% through 2031 and announced a 4% fourth-quarter dividend increase.