Latest news with #FortisInc
Toronto Star
07-05-2025
- Business
- Toronto Star
Electric and gas utility Fortis reports Q1 profit and revenue up from year ago
ST. JOHN'S - Fortis Inc. reported its first-quarter profit and revenue rose compared with a year ago. The electric and gas utility says it earned a profit attributable to common equity holders of $499 million or $1.0 per share for the quarter ended March 31. The result was up from a profit of $459 million or 93 cents per diluted share in the same quarter last year. ARTICLE CONTINUES BELOW Fortis says the increase was driven by rate base growth across its utilities and the end of Central Hudson's 2024 general rate application including a shift in quarterly revenue effective July 1, 2024. It says higher U.S. dollar-to-Canadian dollar exchange rate also helped boost results. Revenue for the quarter totalled $3.34 billion, up from $3.12 billion a year earlier. This report by The Canadian Press was first published May 7, 2025. Companies in this story: (TSX:FTS)
Washington Post
07-05-2025
- Business
- Washington Post
Fortis: Q1 Earnings Snapshot
ST. JOHN`S, Newfoundland — ST. JOHN`S, Newfoundland — Fortis Inc. (FTS) on Wednesday reported first-quarter net income of $362.2 million. The St. john`S, Newfoundland-based company said it had net income of 70 cents per share.
Hamilton Spectator
07-05-2025
- Business
- Hamilton Spectator
Electric and gas utility Fortis reports Q1 profit and revenue up from year ago
ST. JOHN'S - Fortis Inc. reported its first-quarter profit and revenue rose compared with a year ago. The electric and gas utility says it earned a profit attributable to common equity holders of $499 million or $1.0 per share for the quarter ended March 31. The result was up from a profit of $459 million or 93 cents per diluted share in the same quarter last year. Fortis says the increase was driven by rate base growth across its utilities and the end of Central Hudson's 2024 general rate application including a shift in quarterly revenue effective July 1, 2024. It says higher U.S. dollar-to-Canadian dollar exchange rate also helped boost results. Revenue for the quarter totalled $3.34 billion, up from $3.12 billion a year earlier. This report by The Canadian Press was first published May 7, 2025. Companies in this story: (TSX:FTS)
Winnipeg Free Press
07-05-2025
- Business
- Winnipeg Free Press
Electric and gas utility Fortis reports Q1 profit and revenue up from year ago
ST. JOHN'S – Fortis Inc. reported its first-quarter profit and revenue rose compared with a year ago. The electric and gas utility says it earned a profit attributable to common equity holders of $499 million or $1.0 per share for the quarter ended March 31. The result was up from a profit of $459 million or 93 cents per diluted share in the same quarter last year. Fortis Place in downtown St. John's, N.L., is seen on Tuesday, Feb. 9, 2016. THE CANADIAN PRESS/ Paul Daly Fortis says the increase was driven by rate base growth across its utilities and the end of Central Hudson's 2024 general rate application including a shift in quarterly revenue effective July 1, 2024. It says higher U.S. dollar-to-Canadian dollar exchange rate also helped boost results. Revenue for the quarter totalled $3.34 billion, up from $3.12 billion a year earlier. Winnipeg Free Press | Newsletter Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Sign up for The Warm-Up This report by The Canadian Press was first published May 7, 2025. Companies in this story: (TSX:FTS)
San Francisco Chronicle
07-05-2025
- Business
- San Francisco Chronicle
Fortis: Q1 Earnings Snapshot
ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Wednesday reported first-quarter net income of $362.2 million. The St. john`S, Newfoundland-based company said it had net income of 70 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. The electric and gas utility posted revenue of $2.33 billion in the period.
