Fortis 1Q Earnings Lifted by Rate-Base Growth

Dow Jones

May 07, 2025

By Robb M. Stewart

Fortis earnings rose in the first quarter of the year, lifted by increased base rates across the Canadian company's utilities and with a tailwind from a higher exchange rate for the dollar against the Canadian currency.

The holding company, which has electricity and natural-gas operations in North America and the Caribbean, said on Wednesday that it recorded earnings attributable to shareholders of 499 million Canadian dollars ($362.2 million), or C$1 a share, for the three months against C$459 million, or C$0.93 a share, a year earlier.

The St. John's, Newfoundland, company's revenue for the quarter was up 7.1% to C$3.34 billion, beating the C$3.13 billion analysts polled by FactSet expected.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 07, 2025 06:52 ET (10:52 GMT)

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Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2025 06:52 ET (10:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fortis 1Q Earnings Lifted by Rate-Base Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFortis 1Q Earnings Lifted by Rate-Base Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-07 18:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Robb M. Stewart \n</p>\n<pre>\n \n</pre>\n<p>\n  Fortis earnings rose in the first quarter of the year, lifted by increased base rates across the Canadian company's utilities and with a tailwind from a higher exchange rate for the dollar against the Canadian currency. \n</p>\n<p>\n  The holding company, which has electricity and natural-gas operations in North America and the Caribbean, said on Wednesday that it recorded earnings attributable to shareholders of 499 million Canadian dollars ($362.2 million), or C$1 a share, for the three months against C$459 million, or C$0.93 a share, a year earlier. \n</p>\n<p>\n  The St. John's, Newfoundland, company's revenue for the quarter was up 7.1% to C$3.34 billion, beating the C$3.13 billion analysts polled by FactSet expected. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2025 06:52 ET (10:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTS","symbol_name":"Fortis Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533883979","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533883979","pubTimestamp":1746615120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fortis earnings rose in the first quarter of the year, lifted by increased base rates across the Canadian company's utilities and with a tailwind from a higher exchange rate for the dollar against the Canadian currency.The holding company, which has electricity and natural-gas operations in North America and the Caribbean, said on Wednesday that it recorded earnings attributable to shareholders of 499 million Canadian dollars , or C$1 a share, for the three months against C$459 million, or C$0.93 a share, a year earlier.The St. John's, Newfoundland, company's revenue for the quarter was up 7.1% to C$3.34 billion, beating the C$3.13 billion analysts polled by FactSet expected.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FTS":"Fortis Inc"},"translate_title":"富通第一季度盈利因利率增长而提振","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTS":0.9},"content_text":"By Robb M. Stewart \n\n\n \n\n\n  Fortis earnings rose in the first quarter of the year, lifted by increased base rates across the Canadian company's utilities and with a tailwind from a higher exchange rate for the dollar against the Canadian currency. \n\n\n  The holding company, which has electricity and natural-gas operations in North America and the Caribbean, said on Wednesday that it recorded earnings attributable to shareholders of 499 million Canadian dollars ($362.2 million), or C$1 a share, for the three months against C$459 million, or C$0.93 a share, a year earlier. \n\n\n  The St. John's, Newfoundland, company's revenue for the quarter was up 7.1% to C$3.34 billion, beating the C$3.13 billion analysts polled by FactSet expected. \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 07, 2025 06:52 ET (10:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}