Fortis publishes Q3 2026 earnings call transcript
FTS•Fortis outlined a CAD 32.2 billion capital plan for 2027-2031 and raised its quarterly dividend 4% to CAD 0.665 per share. The plan targets 7.5% annual rate base growth, while management expects about CAD 250 million in ATM equity issuance over the next 12 months, subject to market conditions.
1. Capital plan and growth
Fortis unveiled a CAD 32.2 billion capital plan for 2027-2031, an increase of CAD 3.4 billion, driven primarily by transmission and LNG investments. The plan targets 7.5% annual compound rate base growth, 50 basis points above the previous outlook.
2. Dividend and financing
Directors raised the quarterly dividend 4% to CAD 0.665 per share. Fortis extended its annual dividend growth guidance of 4%-6% through 2031 and expects approximately CAD 250 million of ATM equity issuance over the next 12 months, subject to market conditions.
3. Earnings call
CEO David Gerard Hutchens and CFO Jocelyn H. Perry attended the November 3, 2026, third-quarter earnings and capital outlook call. Fortis published the transcript on November 6.
