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Fortis Inc (FTS.TO)

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Latest Key Developments (Source: Significant Developments)

Fortis Announces C$1.1 Bln Offering Of Common Shares
Tuesday, 26 Nov 2019 

Nov 25 (Reuters) - Fortis Inc ::FORTIS INC. ANNOUNCES C$1.1 BILLION OFFERING OF COMMON SHARES COMPRISED OF C$600 MILLION BOUGHT DEAL AND CONCURRENT C$500 MILLION OFFERING TO INSTITUTIONAL INVESTOR.FORTIS INC - NET PROCEEDS OF OFFERINGS WILL BE USED TO FUND CORPORATION'S CAPITAL PLAN, REPAY INDEBTEDNESS OF FORTIS.FORTIS INC - UNDERWRITERS AGREED ON "BOUGHT DEAL" BASIS, AND SELL TO PUBLIC, 11.51 MILLION SHARES AT A PRICE OF C$52.15 PER SHARE.FORTIS INC - WILL BE TERMINATING 2% DISCOUNT CURRENTLY OFFERED ON PURCHASE OF COMMON SHARES UNDER ITS DRIP WITH EFFECT FOR MARCH 1, 2020 DIVIDEND.FORTIS INC - GRANTED UNDERWRITERS OPTION TO PURCHASE UP TO ADDITIONAL 1.73 MILLION SHARES TO COVER OVER-ALLOTMENTS.FORTIS INC - INSTITUTIONAL INVESTOR AGREED TO PURCHASE 9.59 MILLION SHARES AT A PRICE OF C$52.15 PER SHARE.  Full Article

Fortis Reports Q3 Earnings Per Share Of C$0.64
Friday, 1 Nov 2019 

Nov 1 (Reuters) - Fortis Inc ::Q3 ADJUSTED EARNINGS PER SHARE C$0.66.Q3 EARNINGS PER SHARE C$0.64.Q4 2019 COMMON SHARE DIVIDEND INCREASE OF 6.1%.AVERAGE ANNUAL DIVIDEND GROWTH TARGET OF 6% EXTENDED THROUGH 2024.FIVE-YEAR CAPITAL PLAN OF $18.3 BILLION FOR 2020 THROUGH 2024, UP $1.0 BILLION FROM PRIOR YEAR'S PLAN.FORTIS - QTRLY GROWTH OFFSET BY IMPACT OF WEATHER WITH LOWER RAINFALL IN BELIZE.  Full Article

Fortis Posts Q3 Earnings Per Share Of C$3.02
Friday, 1 Nov 2019 

Nov 1 (Reuters) - Fortis Inc ::Q3 ADJUSTED EARNINGS PER SHARE C$0.66.Q3 EARNINGS PER SHARE C$3.02.Q4 2019 COMMON SHARE DIVIDEND INCREASE OF 6.1%.AVERAGE ANNUAL DIVIDEND GROWTH TARGET OF 6% EXTENDED THROUGH 2024.FIVE-YEAR CAPITAL PLAN OF $18.3 BILLION FOR 2020 THROUGH 2024, UP $1.0 BILLION FROM PRIOR YEAR'S PLAN.FORTIS - QTRLY GROWTH OFFSET BY IMPACT OF WEATHER WITH LOWER RAINFALL IN BELIZE.  Full Article

Fortis Inc Announces 6.1% Quarterly Dividend Increase
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - Fortis Inc ::PROVIDES NEW FIVE-YEAR OUTLOOK AND ANNOUNCES 6.1% QUARTERLY DIVIDEND INCREASE.PROVIDES NEW FIVE-YEAR OUTLOOK AND ANNOUNCES 6.1% QUARTERLY DIVIDEND INCREASE.SETS QUARTERLY DIVIDEND OF C$0.4775PER SHARE.FIVE-YEAR CAPITAL INVESTMENT PLAN OF $18.3 BILLION FOR 2020 THROUGH 2024, UP $1.0 BILLION FROM PRIOR YEAR'S PLAN.CONSOLIDATED RATE BASE IS PROJECTED TO INCREASE FROM $28 BILLION IN 2019 TO $34.5 BILLION IN 2022 AND $38.4 BILLION IN 2024.EXPECTED THAT CAPITAL INVESTMENT PLAN WILL BE PRIMARILY FUNDED WITH CASH FROM OPERATIONS, DEBT RAISED AT UTILITIES, OTHERS.  Full Article

Fortis Q2 Earnings Per Share C$1.66
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Fortis Inc ::Q2 ADJUSTED EARNINGS PER SHARE C$0.54.Q2 EARNINGS PER SHARE C$1.66.QTRLY ADJUSTED EARNINGS PER SHARE C$0.54.OVER LONG TERM, FORTIS IS WELL POSITIONED TO ENHANCE SHAREHOLDER VALUE THROUGH EXECUTION OF ITS CAPITAL EXPENDITURE PLAN.FORTIS IS TARGETING AVERAGE ANNUAL DIVIDEND GROWTH OF APPROXIMATELY 6% THROUGH 2023.  Full Article

Fortis Inc Reports Q1 EPS C$0.72
Wednesday, 1 May 2019 

May 1 (Reuters) - Fortis Inc ::Q1 ADJUSTED EARNINGS PER SHARE C$0.74.Q1 EARNINGS PER SHARE C$0.72.Q1 EARNINGS PER SHARE ESTIMATE C$0.77 -- REFINITIV IBES DATA.ANNUAL CAPITAL EXPENDITURE PLAN ON TRACK WITH $0.7 BILLION INVESTED DURING QUARTER.EXPECTS LONG-TERM SUSTAINABLE GROWTH IN RATE BASE TO SUPPORT CONTINUING GROWTH IN EARNINGS AND DIVIDENDS.FORTIS IS TARGETING AVERAGE ANNUAL DIVIDEND GROWTH OF APPROXIMATELY 6% THROUGH 2023.  Full Article

Fortis Announces Pricing & Early Tender Results For Previously Announced Tender Offer To Purchase For Cash Up To $400 Mln Of Its Outstanding 3.055% Notes
Thursday, 18 Apr 2019 

April 17 (Reuters) - Fortis Inc ::FORTIS INC. ANNOUNCES PRICING, EARLY TENDER RESULTS AND EARLY SETTLEMENT ELECTION OF ITS TENDER OFFER FOR ITS 3.055% NOTES DUE 2026.FORTIS - PRICING & EARLY TENDER RESULTS FOR PREVIOUSLY ANNOUNCED TENDER OFFER TO PURCHASE FOR CASH UP TO US$400 MILLION OF ITS OUTSTANDING 3.055% NOTES.  Full Article

Fortis Inc - Fourth Quarter Adjusted Earnings Per Share C$0.56
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Fortis Inc ::Q4 ADJUSTED EARNINGS PER SHARE C$0.56.Q4 EARNINGS PER SHARE C$0.61.Q4 EARNINGS PER SHARE ESTIMATE C$0.62 -- REFINITIV IBES DATA.CORPORATION'S $17.3 BILLION FIVE-YEAR CAPITAL EXPENDITURE PLAN EXPECTED TO INCREASE RATE BASE FROM $26.1 BILLION IN 2018 TO ABOUT $32.0 BILLION IN 2021.CORPORATION'S $17.3 BILLION FIVE-YEAR CAPITAL EXPENDITURE PLAN IS EXPECTED TO INCREASE RATE BASE FROM $26.1 BILLION IN 2018 TO $35.5 BILLION IN 2023.  Full Article

Fortis issues 15th tranche convertible bonds worth 10 bln won
Friday, 6 Apr 2018 

April 6 (Reuters) - Fortis Inc <141020.KQ> ::Says it completed issuance of 15th tranche unregistered and unsecured convertible bonds worth 10 billion won .  Full Article

China Energy Reserve And Chemicals Group Is Working With FortisBC To Export Canadian LNG
Thursday, 29 Mar 2018 

March 29 (Reuters) - FortisBC Energy Inc ::FORTISBC ENERGY INC - CHINA ENERGY RESERVE AND CHEMICALS GROUP IS WORKING WITH FORTISBC TO EXPORT CANADIAN LNG.FORTIS BC ENERGY INC - TWENTY LNG CONTAINERS ARE CURRENTLY BEING FILLED FOR CERCG AT FORTISBC'S TILBURY FACILITY AND WILL SET SAIL FOR CHINA SHORTLY.FORTISBC ENERGY INC - "MORE LNG SHIPMENTS ARE BEING PLANNED THROUGHOUT 2018".FORTISBC ENERGY INC - FORTISBC IS FUELLING THE SHIPMENTS FROM ITS TILBURY & MOUNT HAYES LNG STORAGE FACILITIES.FORTISBC- EXPANSION OF TILBURY STORAGE & LIQUEFACTION CAPACITY SUBSTANTIALLY COMPLETE,BASED ON CURRENT SCHEDULE,TO BE FULLY OPERATIONAL LATER THIS YEAR.  Full Article

PRESS DIGEST- Canada- Dec. 16

Dec 16 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.