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Last C$35.04 CAD
Change Today +0.78 / 2.28%
Volume 1.2M
As of 4:00 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

fortis inc (FTS) Snapshot

Open
C$34.38
Previous Close
C$34.26
Day High
C$35.30
Day Low
C$34.20
52 Week High
01/30/15 - C$42.23
52 Week Low
09/25/14 - C$33.69
Market Cap
9.8B
Average Volume 10 Days
1.5M
EPS TTM
C$1.79
Shares Outstanding
278.7M
EX-Date
08/17/15
P/E TM
19.5x
Dividend
C$1.36
Dividend Yield
3.82%
Current Stock Chart for FORTIS INC (FTS)

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fortis inc (FTS) Details

Fortis Inc. operates as an electricity and natural gas distribution utility for residential, commercial, and industrial markets in Canada, the United States, and the Caribbean. The company generates, transmits, and distributes electricity in southeastern Arizona, including the greater Tucson metropolitan area in Pima County, and parts of Cochise County with an aggregate capacity of 2,746 megawatts (MW), including 53 MW of solar capacity; owns minimal gas-fired and hydroelectric generating capacity totalling 64 MW; and sells wholesale electricity to other entities in the western United States. It also owns and operates the electricity distribution system in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; provides operation, maintenance, and management services to hydroelectric plants; and distributes electricity in the island portion of Newfoundland and Labrador, and Prince Edward Island. In addition, the company generates electricity in Grand Cayman, Cayman Islands; Turks and Caicos Islands; and Belize. Further, the company distributes natural gas in British Columbia, such as Lower Mainland, Vancouver Island, Sunshine Coast, Whistler, and Interior of British Columbia; and Mohave, Yavapai, Coconino, Navajo, and Santa Cruz counties in Arizona. It serves approximately 3 million customers. Additionally, the company operates non-regulated generation assets in Belize, British Columbia, Upstate New York, and Ontario; and owns and operates 23 hotels comprising 4,400 rooms in 8 Canadian provinces, and approximately 2.8 million square feet of commercial office and retail space primarily in Atlantic Canada. Fortis Inc. was founded in 1977 and is headquartered in St. John's, Canada.

10,000 Employees
Last Reported Date: 02/19/15
Founded in 1977

fortis inc (FTS) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$737.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$522.5K
Executive Vice President of Western Canadian ...
Total Annual Compensation: C$581.3K
Executive Vice President of Eastern Canadian ...
Total Annual Compensation: C$465.0K
Treasurer
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2014.

fortis inc (FTS) Key Developments

Fortis Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Fortis Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Net earnings attributable to common equity shareholders for the second quarter were CAD 244 million, or CAD 0.87 per diluted share, compared to CAD 47 million, or CAD 0.22 per diluted share, for the second quarter of 2014. Excluding the impact of the sale transactions and other one-time items, adjusted net earnings attributable to common equity shareholders for the second quarter were CAD 123 million, or CAD 0.44 per common share, compared to CAD 65 million, an increase of CAD 58 million, or CAD 0.14 per common share, from the second quarter of 2014. Performance was driven by UNS Energy and contribution from the Waneta Expansion hydroelectric generating facility in British Columbia. Revenue was CAD 1,538 million compared to CAD 1,056 million a year ago. Earnings from continuing operations was CAD 278 million or CAD 0.87 per diluted share compared to CAD 63 million or CAD 0.22 per diluted share a year ago. Cash flow from operating activities was CAD 468 million compared to CAD 321 million a year ago. The increase in revenue for the quarter and year to date was driven by the acquisition of UNS Energy in August 2014. Operating income was CAD 329 million compared to CAD 197 million a year ago. Earnings before income taxes and discontinued operations was CAD 354 million compared to CAD 72 million a year ago. Capital expenditure - utility capital assets was CAD 578 million compared to CAD 278 million a year ago. Capital expenditure - non-utility capital assets was CAD 5 million compared to CAD 7 million a year ago. Capital expenditure - intangible assets was CAD 34 million compared to CAD 13 million a year ago. For the six months, revenue was CAD 3,453 million compared to CAD 2,511 million a year ago. Earnings from continuing operations was CAD 498 million or CAD 1.58 per diluted share compared to CAD 217 million or CAD 0.86 per diluted share a year ago. Net earnings attributable to common equity shareholders was CAD 442 million or CAD 1.58 per diluted share compared to CAD 190 million or CAD 0.88 per diluted share a year ago. Cash flow from operating activities was CAD 918 million compared to CAD 586 million a year ago. Adjusted net earnings attributable to common equity shareholders were CAD 302 million, or CAD 1.09 per basic share, compared to CAD 212 million or CAD 0.99 per basic share a year ago. The increase in adjusted net earnings attributable to common equity shareholders for the quarter and year to date was driven by earnings contribution of CAD 52 million and CAD 72 million, respectively, at UNS Energy. The increase in adjusted earnings per common share year to date was driven by performance at the Corporation's regulated utilities, and contribution from the Waneta Expansion. Operating income was CAD 723 million compared to CAD 506 million a year ago. Earnings before income taxes and discontinued operations was CAD 631 million compared to CAD 265 million a year ago. Capital expenditure - utility capital assets was CAD 1,108 million compared to CAD 499 million a year ago. Capital expenditure - non-utility capital assets was CAD 9 million compared to CAD 16 million a year ago. Capital expenditure - intangible assets was CAD 54 million compared to CAD 20 million a year ago.

Fortis Inc., Q2 2015 Earnings Call, Jul 31, 2015

Fortis Inc., Q2 2015 Earnings Call, Jul 31, 2015

Fortis, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

Fortis Inc. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating income for the first quarter ended March 31, 2015 was CAD 394 million, compared to CAD 309 million for the same quarter ended March 31, 2014. Earnings before income taxes and discontinued operations for the first quarter ended March 31, 2015 were CAD 277 million, compared to CAD 193 million for the same quarter ended March 31, 2014.

 

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Industry Analysis

FTS

Industry Average

Valuation FTS Industry Range
Price/Earnings 14.6x
Price/Sales 1.4x
Price/Book 1.2x
Price/Cash Flow 6.1x
TEV/Sales NM Not Meaningful
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