What Fortis (FTS) Said on Its Q3 Earnings Call

Impact · against what's priced in

Fortis provides a concrete growth runway through 2031 with an expanded C$32.2 billion capital plan and extended dividend guidance. While short-term capex increases and minor equity dilution are headwinds, the long-term rate base CAGR of 7.5% establishes a higher ceiling for EPS growth.

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In context

The C$32.2 billion five-year plan is C$3.4 billion larger than previously expected, supporting a 7.5% rate base CAGR through 2031 and extending 4-6% dividend growth guidance over the same period.

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• earnings
• data centers
• dividends
• FTS
• canada
• capital expenditure
• energy infrastructure
• lng
• transmission
• united states
• utilities