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Fortis Inc.

Logo: Fortis Inc., Public domain, via Wikimedia Commons5

Canadian utility company, founded 1987

Fortis Inc. is a Canadian electric utility holding company, based in St. John's, Newfoundland and Labrador. It operates in Canada, the United States, Central America and the Caribbean. In 2015, revenue was CA$6.7 billion.3 Its shares trade on NYSE under the symbol FTS.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

11.9BRevenue, fiscal 20256
2.0BNet income, fiscal 20256
1987Founded1

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  • TickerFTS on NYSE1
  • Industryelectricity generation1
  • HeadquartersSt. John's1
  • Websitewww.fortisinc.com
  • Legal formbusiness corporation1
  • Incorporated inNewfoundland, Canada7
  • Business address5 Springdale Street, Fortis Place, Suite 1100, St. John'S, A4 A1B 3T27
  • LEI549300MQYQ9Y065XPR714
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address5 Springdale Street, A1B 3T2 St. John'S, Canada4
  • Registered withService Newfoundland and Labrador, 217824

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Fortis Inc. is a Canadian electric utility holding company, based in St. John's, Newfoundland and Labrador. It operates in Canada, the United States, Central America and the Caribbean. In 2015, revenue was CA$6.7 billion.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2025

29.3%Operating margin6
16.5%Net margin6
5.8%Revenue growth, 20256
8.2%Return on equity6
1.29×Debt to equity6
-1.9B CADFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Electric and Gas brought in 97% of the revenue Fortis Inc. broke down this way in fiscal 2025.

  1. Electric and Gas11.6B CAD697%up 6% from 2024
  2. Other Services316.0M CAD63%down 10% from 2024
Products and services by year
Products and services20242025
Electric and Gas10.9B CAD11.6B CAD
Other Services350.0M CAD316.0M CAD

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue28¢3.4B CAD
  • Other costs52¢6.2B CAD
  • Income tax3¢393.0M CAD
  • Profit16¢2.0B CAD

Out of 11.9B CAD in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending88¢5.9B CAD
  • Dividends paid12¢788.0M CAD

Out of 4.1B CAD of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue121314151617611.9B CAD in 2025+43% since 2018
05.0B CAD10.0B CAD15.0B CAD2018: 8.3B CAD8.3B CAD20182019: 8.6B CAD8.6B CAD2019+3%2020: 8.7B CAD8.7B CAD2020+2%2021: 9.3B CAD9.3B CAD2021+6%2022: 10.9B CAD10.9B CAD2022+18%2023: 11.2B CAD11.2B CAD2023+2%2024: 11.2B CAD11.2B CAD2024+1%2025: 11.9B CAD11.9B CAD2025+6%
Operating income12131415161763.5B CAD in 2025+48% since 2018
01.0B CAD2.0B CAD3.0B CAD4.0B CAD2018: 2.4B CAD2.4B CAD20182019: 3.0B CAD3.0B CAD2019+28%2020: 2.5B CAD2.5B CAD2020−17%2021: 2.5B CAD2.5B CAD2021−2%2022: 2.7B CAD2.7B CAD2022+11%2023: 3.1B CAD3.1B CAD2023+13%2024: 3.3B CAD3.3B CAD2024+7%2025: 3.5B CAD3.5B CAD2025+6%
Net income12131415161762.0B CAD in 2025+52% since 2018
0500.0M CAD1.0B CAD1.5B CAD2.0B CAD2018: 1.3B CAD1.3B CAD20182019: 1.9B CAD1.9B CAD2019+44%2020: 1.4B CAD1.4B CAD2020−25%2021: 1.4B CAD1.4B CAD2021+1%2022: 1.5B CAD1.5B CAD2022+8%2023: 1.7B CAD1.7B CAD2023+13%2024: 1.8B CAD1.8B CAD2024+7%2025: 2.0B CAD2.0B CAD2025+7%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenue (Note 5)12.2B CAD11.5B CAD
Energy supply costs3.4B CAD3.2B CAD
Operating expenses3.2B CAD3.0B CAD
Depreciation and amortization2.1B CAD1.9B CAD
Total expenses8.7B CAD8.2B CAD
Operating income3.5B CAD3.3B CAD
Other income, net (Note 22)340.0M CAD288.0M CAD
Finance charges1.5B CAD1.4B CAD
Earnings before income tax expense2.4B CAD2.2B CAD
Income tax expense (Note 23)393.0M CAD346.0M CAD
Net earnings2.0B CAD1.8B CAD
Non-controlling interests162.0M CAD148.0M CAD
Preference equity shareholders (Note 18)85.0M CAD74.0M CAD
Net earnings attributable to common equity shareholders1.7B CAD1.6B CAD
Basic (CAD per share)3.40 CAD3.24 CAD
Diluted (CAD per share)3.40 CAD3.24 CAD

Compare Fortis Inc. with another company

Corporate structure

Fortis Inc. sits at the top of its group. 17 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Fortis Inc.

  • BlackRock Filed SCHEDULE 13G/A on Fortis Inc., latest Apr 24, 2026 (3 filings since Feb 3, 2023)
  • Bank of Montreal Filed SCHEDULE 13G on Fortis Inc., latest Feb 14, 2025 (2 filings since Feb 9, 2024)
  • BANK OF NOVA SCOTIA Filed SC 13G/A on Fortis Inc., latest Oct 10, 2024 (2 filings since Oct 10, 2024)
  • Fortis Inc. St. John'S, Newfoundland and Labrador, Canada
    • FortisAlberta 100% · Calgary, Alberta, Canada
    • ITC Holdings Corp. Novi, Michigan, United States
      • International Transmission Company Subsidiary · Michigan, United States
      • ITC Midwest LLC Subsidiary · Michigan, United States
      • Michigan Electric Transmission Company, LLC Subsidiary · Michigan, United States
      • Michigan Transco Holdings, LLC Subsidiary · Michigan, United States
    • Maritime Electric Charlottetown, Prince Edward Island, Canada
    • Newfoundland Power Inc. St. John's, Newfoundland and Labrador, Canada
    • ALGOMA POWER INC. Subsidiary · 100% · Fort Erie, Canada
    • FortisBC Holdings Inc. Subsidiary · 100% · Vancouver, Canada
    • FortisBC Inc. Subsidiary · 100% · Kelowna, British Columbia, Canada
    • CENTRAL HUDSON GAS & ELECTRIC CORPORATION Subsidiary · Poughkeepsie, New York, United States
    • FORTISBC ENERGY INC. Subsidiary · Surrey, British Columbia, Canada
    • TUCSON ELECTRIC POWER COMPANY Subsidiary · Tucson, Arizona, United States
    • UNS ELECTRIC, INC. Subsidiary · Tucson, Arizona, United States
    • UNS GAS, INC. Subsidiary · Tucson, Arizona, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Fortis Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)60.0M CAD6 Dec 31, 202564.0M CAD6 Dec 31, 2024−6.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents367.0M CAD6 Dec 31, 2025220.0M CAD6 Dec 31, 2024+66.8%
Stakes in other companies (equity method)215.0M CAD6 Dec 31, 2025259.0M CAD6 Dec 31, 2024−17.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill12.5B CAD6 Dec 31, 202513.1B CAD6 Dec 31, 2024−4.5%
Intangible assets, net (excluding goodwill)1.7B CAD6 Dec 31, 20251.7B CAD6 Dec 31, 2024+3.7%
Accumulated amortization722.0M CAD6 Dec 31, 2025798.0M CAD6 Dec 31, 2024−9.5%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Leadership

Who has led Fortis Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Products and brands

  • electricity

Listed on Wikidata.1

Fortis currently owns the following regulated utilities:

FortisBC, a utility in British Columbia

FortisAlberta Inc., a holding company for assets purchased from Aquila, Inc.

Central Hudson Gas & Electric, a utility in New York

Read the full text

Tucson Electric Power and UniSource Energy Services, utilities in Arizona

Newfoundland Power, serving 85% of the population of Newfoundland and Labrador; Fortis' original operating electric power subsidiary

Maritime Electric, serving 90% of the population of Prince Edward Island

FortisOntario, a holding company for Canadian Niagara Power Company, Cornwall Electric, and Algoma Power

Caribbean Utilities, a utility in the Cayman Islands

ITC Transmission, Novi, Michigan

Fortis also operates one non-regulated companies:

Fortis Generation, hydro generation in New York state and central Newfoundland.

From Wikipedia’s article on Fortis Inc., shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

Subsidiaries (GLEIF)

Also consolidated

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. 1987Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.59 a share, on Nov 4, 2025.19

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

159 filings to the SEC since October 2021: 5 annual reports, 2 insider forms, 7 large holders, 145 other. The latest 20:

  1. Oct 5, 20266-K EDGAR
  2. Sep 21, 20266-K EDGAR
  3. Sep 10, 2026SUPPL EDGAR
  4. Sep 10, 20266-K EDGAR
  5. Sep 10, 20266-K EDGAR
  6. Sep 9, 2026FWP EDGAR
  7. Sep 9, 2026SUPPL EDGAR
  8. Jul 31, 20266-K EDGAR
  9. Jul 31, 20266-K EDGAR
  10. Jul 30, 20266-K EDGAR
  11. Jul 2, 20266-K EDGAR
  12. Jun 12, 20266-K EDGAR
  13. May 7, 20266-K EDGAR
  14. May 6, 20266-K EDGAR
  15. May 6, 20266-K EDGAR
  16. Apr 24, 2026SCHEDULE 13G/A EDGAR
  17. Apr 8, 20266-K EDGAR
  18. Mar 30, 20266-K EDGAR
  19. Mar 4, 20264 PRIMARY DOCUMENT EDGAR
  20. Feb 25, 20263 PRIMARY DOCUMENT EDGAR

The 159 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 2, 2026O'Dea Regan PatrickVP, General CounselBuy578$78.04$45.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Royal Bank Of Canada34,638,382$2.0B0.3%−603,069
Bank Of Montreal /can/24,632,401$1.4B0.5%−151,568
FIL Ltd17,723,935$1.0B0.7%−1,669,855
Vanguard Capital Management LLC15,389,677$881.7M0.0%+219,040
TD Asset Management Inc9,738,606$557.7M0.5%−3,695,982
TD Waterhouse Canada Inc.9,436,026$535.2M1.4%+129,466
Scotia Capital Inc.9,235,087$528.6M2.0%−157,749
Geode Capital Management, LLC7,370,342$445.1M0.0%+543,345
Cibc World Market Inc.7,733,140$442.6M0.7%−102,750
1832 Asset Management L.P.7,343,075$420.2M0.5%−218,061
National Bank Of Canada /fi/6,992,312$399.6M0.4%+209,029
Mackenzie Financial Corp4,518,242$367.1M0.4%−24,357
Norges Bank6,089,626$348.5M0.0%New
Legal & General Group Plc5,844,951$334.7M0.1%−192,842
Connor, Clark & Lunn Investment Management Ltd.5,436,620$311.1M0.6%+594,876
Goldman Sachs Group Inc4,808,678$275.2M0.0%+1,178,241
Vanguard Fiduciary Trust Co4,503,844$258.0M0.1%+57,031
Bank Of Nova Scotia4,492,744$257.4M0.4%−96,154
Vanguard Global Advisers, LLC3,902,595$223.6M0.1%+346,349
Federation des caisses Desjardins du Quebec3,832,900$219.0M0.7%+2,441,557
Morgan Stanley3,303,825$189.1M0.0%+1,372,308
Toronto Dominion Bank3,163,013$181.0M0.3%+402,357
Canada Pension Plan Investment Board3,104,158$177.7M0.1%+507,880
Jpmorgan Chase & Co2,569,689$148.5M0.0%+130,298
Manufacturers Life Insurance Company, The2,595,054$148.4M0.1%−1,356,839

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Fortis Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFortis Inc.2
  • CIK0001666175
  • Employer ID (EIN)98-035214623
  • Incorporated inNewfoundland and Labrador, Canada23
  • Fiscal year endsDecember 312
  • Industry code (SIC)4911 Electric Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address5 Springdale Street, Fortis Place, Suite 1100, St. John'S, A4 A1B 3T22
  • Phone709 737-28002
  • Shares outstanding507,340,068 shares as of Dec 31, 202523
  • On EDGAR sinceFeb 9, 20162
  • Filings417 in all: 6-K (309), 425 (17), SUPPL (11), 40-F (10), S-8 POS (8), F-X (7), S-8 (7), CORRESP (4)2
    All 29 form types

    F-4/A (4), FWP (4), SC 13G (4), 40-F/A (3), F-10 (3), F-10/A (3), F-3D (3), SC 13G/A (3), UPLOAD (3), 6-K/A (2), F-10EF (2), 3 (1), 4 (1), 424B3 (1), 8-A12B (1), CERTNYS (1), EFFECT (1), F-3DPOS (1), F-4 (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (40-F) Feb 12, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, without par valueFTSNew York Stock Exchange

From the cover page of the 40-F filed Feb 12, 2026 (Section 12(b) of the Exchange Act).23

Sources

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