Fortis Inc. reported second-quarter 2026 GAAP earnings per share of $0.78, exceeding analyst expectations by $0.02. Net earnings attributable to common equity shareholders rose to $396 million from $384 million in the same quarter last year. The company invested $2.7 billion in capital expenditures during the first half of 2026 and remains on track with its $5.6 billion annual capital plan. Fortis also reaffirmed its $28.8 billion five-year capital plan, which is expected to grow the midyear rate base from $42.4 billion in 2025 to $57.9 billion by 2030, a 7% compound annual growth rate, supporting long-term earnings and annual dividend growth guidance of 4% to 6% through 2030.
Fortis IncQ2 EPS beat estimates and reaffirmed capital plan supporting dividend growth.