Fortis Quarterly Earnings Up Slightly

Dow Jones05-06 18:48

By Robb M. Stewart

Fortis saw a modest rise in earnings in the latest quarter thanks to rate-base growth for the Canadian utility.

The holding company, which has electricity and natural-gas operations in North America and the Caribbean, recorded a rise in first-quarter net earnings to 562 million Canadian dollars (US$412.6 million), or C$0.99 a share, from C$558 million, or C$1 a share, a year earlier. Analysts polled by FactSet had penciled in C$515 million for the three months.

Revenue nudged up 1.9% on last year to C$3.4 billion.

Capital expenditures for the latest quarter hit C$1.4 billion, leaving the St. John's, Newfoundland, utility on track for planned annual spending of C$5.6 billion, it said.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 06, 2026 06:48 ET (10:48 GMT)

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Stewart at robb.stewart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 06, 2026 06:48 ET (10:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4081","symbol_name":"电力公用事业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633181041","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633181041","pubTimestamp":1778064480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fortis saw a modest rise in earnings in the latest quarter thanks to rate-base growth for the Canadian utility.The holding company, which has electricity and natural-gas operations in North America and the Caribbean, recorded a rise in first-quarter net earnings to 562 million Canadian dollars , or C$0.99 a share, from C$558 million, or C$1 a share, a year earlier. 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Stewart \n\n\n \n\n\n  Fortis saw a modest rise in earnings in the latest quarter thanks to rate-base growth for the Canadian utility. \n\n\n  The holding company, which has electricity and natural-gas operations in North America and the Caribbean, recorded a rise in first-quarter net earnings to 562 million Canadian dollars (US$412.6 million), or C$0.99 a share, from C$558 million, or C$1 a share, a year earlier. Analysts polled by FactSet had penciled in C$515 million for the three months. \n\n\n  Revenue nudged up 1.9% on last year to C$3.4 billion. \n\n\n  Capital expenditures for the latest quarter hit C$1.4 billion, leaving the St. John's, Newfoundland, utility on track for planned annual spending of C$5.6 billion, it said. \n\n\n \n\n\n  Write to Robb M. 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