Fortis (FTS) Tops Q1 EPS by 33c; reaffirms outlook

Fortis (NYSE: FTS) reported Q1 EPS of $1.00, $0.33 better than the analyst estimate of $0.67.

Outlook
Fortis continues to enhance shareholder value through the execution of its capital plan, the balance and strength of its diversified portfolio of regulated utility businesses, and growth opportunities within and proximate to its service territories. The Corporation's $26.0 billion five-year capital plan is expected to increase midyear rate base from $39.0 billion in 2024 to $53.0 billion by 2029, translating into a five-year compound annual growth rate of 6.5%.3 Fortis expects its long-term growth in rate base will drive earnings that support dividend growth guidance of 4-6% annually through 2029.

For earnings history and earnings-related data on Fortis (FTS) click here.

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