Fortis Inc. Reports First Quarter 2020 Earnings¹
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Fortis (FTS) Tops Q1 EPS by 9c
May 6, 2020 6:18 AM EDTFortis (NYSE: FTS) reported Q1 EPS of $0.67, $0.09 better than the analyst estimate of $0.58.
Highlights
Fortis continues to provide safe, reliable service during the COVID-19 pandemicFirst quarter 2020 net earnings were $312 million, or $0.67 per common shareStrong rate base growth during the quarter was tempered by delayed rates and charges associated with financial market volatility in ArizonaCapital expenditures of $1.2 billion, representing 28% of the 2020 capital plan, were completed during the first quarterThe Corporation's five-year capital plan of $18.8 billion and dividend growth guidance remain unchanged"The strength of our... More
