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Fortis reports Q1 2026 net earnings of $501M, advances major projects, and expects 4-6% dividend growth through 2030

Company Fundamentals
06 May 2026
GlobeNewsWire
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Bullish
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Fortis Inc. announced first quarter 2026 net earnings of $501 million, maintaining steady performance from the previous year despite some challenges like lower earnings at UNS Energy and currency impacts. The company continues to progress on major capital projects including transmission upgrades and LNG storage expansion, with regulatory approvals advancing key initiatives. Fortis expects its five-year capital plan to grow its rate base by 7% annually, supporting dividend growth guidance of 4-6% through 2030. The company also confirmed stable credit ratings and highlighted ongoing opportunities for expansion in electric transmission and renewable energy infrastructure.

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