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Earnings transcript
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FTS
Fortis Inc.
$53.74
0.43
(0.81%)
| Exchange: | NYSE |
| Market Cap: | 27.361B |
| Shares Outstanding: | 48.399M |
Delayed data
About The Company
| Sector: | UtilitiesView sector performance | |||||
| Industry: | Regulated ElectricView industry performance | |||||
| CEO: | David Gerard Hutchens | |||||
| Full Time Employees: | 9900 | |||||
| Address: |
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| Website: | https://www.fortisinc.com |
Fortis Inc. is a prominent North American utility enterprise, delivering essential electricity and natural gas services across Canada, the United States, and various Caribbean nations. In the realm of electricity, the company supplies power to roughly 438,000 retail consumers in southeastern Arizona and an additional 100,000 retail customers in Arizona’s Mohave and Santa Cruz counties. Its total generating capacity in these regions reaches 3,485 megawatts (MW), which includes 53 MW from solar installations and 252 MW from wind facilities. Beyond retail operations, Fortis is also a wholesale electricity vendor to other entities throughout the western United States. The company further possesses 65 MW of power generation from its own gas-fired and hydroelectric plants. Regarding its natural gas operations, Fortis serves approximately 1,065,000 residential, commercial, and industrial clients in British Columbia, Canada. In other Canadian territories, Fortis manages the electricity distribution network for approximately 577,000 customers across southern and central Alberta, and operates four hydroelectric facilities with a combined output of 225 MW. Additionally, it provides operational, maintenance, and management expertise for five other hydroelectric generating stations. The utility also ensures electricity supply to the island portion of Newfoundland and Labrador, featuring an installed generating capacity of 143 MW, and to Prince Edward Island, which has a capacity of 130 MW. Its integrated electric utility services extend to about 68,000 customers in Ontario, approximately 272,000 in Newfoundland and Labrador, around 32,000 on Grand Cayman in the Cayman Islands, and roughly 16,000 on select islands within Turks and Caicos. Internationally, Fortis holds long-term contracts for generation assets in Belize, comprising three hydroelectric plants totaling 51 MW, and owns the Aitken Creek natural gas storage facility. Its extensive infrastructure includes approximately 90,200 circuit kilometers (km) of electricity distribution lines and about 50,500 km of natural gas pipelines. Fortis Inc. was established in 1885 and maintains its corporate headquarters in St. John’s, Canada.
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Revenue Segmentation
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 11,517,000 | 11,508,000 | 12,170,000 |
| Gross Profit | 7,746,000 | 8,259,000 | 8,799,000 |
| EBITDA | 5,148,000 | 5,507,000 | 5,889,000 |
| Operating Income | 3,084,000 | 3,292,000 | 3,492,000 |
| Net Income | 1,573,000 | 1,680,000 | 1,799,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 65,920,000 | 73,486,000 | 74,830,000 |
| Total Liabilities | 42,588,000 | 47,633,000 | 48,961,000 |
| Total Stockholders Equity | 21,505,000 | 23,808,000 | 23,810,000 |
| Total Debt | 30,028,000 | 33,702,000 | 34,629,000 |
| Cash and Cash Equivalents | 625,000 | 220,000 | 367,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,545,000 | 3,882,000 | 4,062,000 |
| Capital Expenditure | -4,169,000 | -5,218,000 | -5,942,000 |
| Free Cash Flow | -624,000 | -1,336,000 | -1,880,000 |
| Net Income | 1,573,000 | 1,828,000 | 1,799,000 |
| Net Change in Cash | 416,000 | -405,000 | 147,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 14,111,979.346 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 16,480,073.572 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 14,851,090.375 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 8,874,732.394 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 9,517,977.936 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 9,075,497.718 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 2,240,333.236 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 2,736,862.860 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 2,395,306.608 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.530 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 5.170 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.230 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 2 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates FTS intrinsic value between $29.38 – $36.30 per share. This depends on revenue growth, margins, and discount rate.
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FTS
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Daily snapshot
0.81
Trading Metrics:
| Open: | 53.44 | Previous Close: | 53.31 | |
| Day Low: | 53.31 | Day High: | 53.89 | |
| Year Low: | 49.6 | Year High: | 59.4 | |
| Price Avg 50: | 54.74 | Price Avg 200: | 55.56 | |
| Volume: | 387342 | Average Volume: | 780148 |
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