Fortis unveils $32.2B capital plan targeting 7.5% rate-base growth to 2031
Fortis reported third-quarter net earnings of $474M and adjusted EPS of $0.92. It also set a five-year $32.2B capital plan for 2027-2031.
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what happened
According to TradingView, Fortis posted third-quarter net earnings of $474M, or $0.92 per share, on revenue of $3.115B. Adjusted EPS rose to $0.92 from $0.87 a year earlier.
The company presented a $32.2B capital plan covering 2027 to 2031. It aims for a 7.5% compound annual rate-base growth and supports annual dividend growth of 4-6% through 2031.
why it matters
For investors, the key point is the long-term outlook. Regulated utilities earn mainly from growth in their rate base, so a large investment program and the promised dividend growth are directly tied to their returns.
market impact
Fortis shares: the investment plan and dividend growth support interest in the company's stock
tags
instruments
sources
- FTS: A $32.2B plan targets 7.5% rate-base growth and 4-6% annual dividend growth — TradingView, 3 November 2026 at 11:19 UTC
- FTS: A record $32.2B capital plan underpins 7.5% rate-base growth and dividend growth through 2031 — TradingView, 3 November 2026 at 12:25 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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