Fortis Q2 FY26 net earnings rise to C$396 million; EPS increases to C$0.78
FTS•Management commentary
David Hutchens cited solid utility performance and said Tilbury 1B shows partnership with government and First Nations to advance growth.
Capital spending remains on track
First-half capital expenditures totaled CAD 2.7 billion; the CAD 5.6 billion annual capital plan remains on track.
Second-quarter earnings and EPS rise
Fortis posted second-quarter net earnings attributable to common shareholders of CAD 396 million, up 3.13%.
Earnings per share rose 2.63% to CAD 0.78.
Tilbury Phase 1B approved in British Columbia
British Columbia approved Tilbury Phase 1B with a cost allowance up to CAD 2.2 billion; construction could start mid-2027.
