Fortis Q2 2026 earnings rise as rate base growth and higher retail power sales lift results, company says

Reuters2026/07/31 10:10

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Fortis posted Q2 2026 net earnings attributable to common shareholders of CAD 396 million, or CAD 0.78 per share, up from CAD 0.76.
Management attributed the increase mainly to rate base growth across utilities, supported by higher retail electricity sales at UNS Energy.
Those gains were partly offset by higher costs tied to rate base growth not yet reflected in customer rates, timing of operating costs at UNS Energy.
Results also faced headwinds from a shift in quarterly revenue at Central Hudson, higher holding company finance costs, foreign exchange, 2025 asset sales.
First-half net earnings attributable to common shareholders rose to CAD 897 million; per-share earnings held at CAD 1.76 as share count increased.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortis Inc. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fortis Q2 2026 earnings rise as rate base growth and higher retail power sales lift results, company says

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