Analyst Consensus ?
ConsensusHold12 ratings
Bullish433.3%
Neutral758.3%
Bearish18.4%
Fortis Inc. · FTS · FY2025 Q4 · Calendar Q1 2026
Fortis posts FY2025 growth; regulatory execution remains central
Fortis’s reported EPS and rate-base growth, alongside its five-year capital plan, support a regulated-growth thesis. Delivery depends on translating planned investment and incremental load opportunities into approved, operating assets; regulatory decisions and project timing remain key tests.
Reported Before market openNYSEUtilities
$30.51B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.65
Consensus $0.62
EPS surprise
+4.8%
Reported versus consensus
Reported revenue
$2.24B
Consensus $2.28B
Revenue surprise
-1.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.9%
Event window
SPY move
-1.5%
Same window
Abnormal move
+4.5%
Stock minus SPY
Volume
1.2×
Versus trailing sessions
Subsequent drift
+3.7%
Up to 20 sessions
FTSSPY benchmark
Ask FN2 about FTS FY2025 Q4
Transcript, numbers and history already loaded
Why did FTS rise 2.9% after beating EPS estimates in FY2025 Q4?What changed in FTS's guidance and outlook in FY2025 Q4?Give me the bull and bear case for FTS after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The FY2025 call emphasized the $28.8 billion five-year capital plan, targeting 7% annual rate-base growth, and highlighted Arizona data-center demand and transmission opportunities as incremental growth avenues. Relative to the prior-quarter analysis, management continued to focus on regulated investment and growth opportunities, while regulatory outcomes and project approvals remained unresolved execution items.
Guidance delta
Guidance sentiment was maintained. The supplied analysis does not identify a new quantified guidance change.
Key takeaways
- Management said 2025 EPS and rate-base growth were supported by $5.6 billion of capital investment.
- The capital plan targets 7% annual rate-base growth and supports stated dividend-growth guidance.
- Arizona data-center projects, ITC expansion, and Tilbury LNG are identified as potential growth drivers, with execution and approvals still pending.
- The earnings scorecard shows EPS above estimate and revenue below estimate.
- The event-session share move exceeded the benchmark move; this is market reaction, not evidence of the durability of operating results.
Management priorities
- Execute the $28.8 billion five-year capital plan.
- Develop Arizona data-center load opportunities and transmission connections.
- Advance ITC projects and evaluate competitive transmission opportunities.
- Progress the Tilbury LNG expansion subject to environmental approvals.
- Manage regulatory processes and control costs amid supply-chain pressures.
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Miss
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Analyst 52W Price Targets
$60.86Current
$46.95Low
$52.92Average
$61High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Sep 29, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 3, 2026 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 24, 2023 |
| Raymond James | Outperform | Outperform | Maintain | Aug 3, 2023 |
| Edward Jones | Hold | Buy | Downgrade | Jul 27, 2022 |
| Scotiabank | Sector Perform | Sector Outperform | Downgrade | Jan 7, 2022 |
| Wolfe Research | Underperform | Peer Perform | Downgrade | Oct 19, 2021 |
| BMO Capital | Market Perform | Outperform | Downgrade | Jun 1, 2021 |
| UBS | Buy | Buy | Maintain | Jun 5, 2020 |
| Wells Fargo | Overweight | Overweight | Maintain | Feb 14, 2020 |
| CiBC | Neutral | Outperform | Downgrade | Jan 30, 2020 |
| TD Securities | Hold | Buy | Downgrade | Jan 29, 2019 |
Named analyst price targets
Upside is calculated against the persisted current price $60.86. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $56 | $53.12 | -8.0% | Sep 29, 2026 |
| Wolfe Research | Analyst unavailable | $50 | $56.46 | -17.8% | Aug 4, 2026 |
| Barclays | Analyst unavailable | $60 | $57 | -1.4% | Aug 3, 2026 |
| Barclays | Michael Lonegan | $61 | $56.14 | +0.2% | May 8, 2026 |
| Barclays | Michael Lonegan | $62 | $56.29 | +1.9% | Apr 28, 2026 |
| J.P. Morgan | Richard Sunderland | $46.95 | $46.06 | -22.9% | Jan 19, 2022 |
| Industrial Alliance Securities | Elias Foscolos | $48.54 | $44.92 | -20.2% | Aug 18, 2021 |
| Wells Fargo | Neil Kalton | $61 | $45.32 | +0.2% | Aug 17, 2021 |
| National Bank | Patrick Kenny | $46.95 | $44.12 | -22.9% | Jul 30, 2021 |
Track every rating change on FTS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFortis Inc. is a prominent North American utility enterprise, delivering essential electricity and natural gas services across Canada, the United States, and various Caribbean nations. In the realm of electricity, the company supplies power to roughly 438,000 retail consumers in southeastern Arizona and an additional 100,000 retail customers in Arizona's Mohave and Santa Cruz counties. Its total generating capacity in these regions reaches 3,485 megawatts (MW), which includes 53 MW from solar installations and 252 MW from wind facilities. Beyond retail operations, Fortis is also a wholesale electricity vendor to other entities throughout the western United States. The company further possesses 65 MW of power generation from its own gas-fired and hydroelectric plants. Regarding its natural gas operations, Fortis serves approximately 1,065,000 residential, commercial, and industrial clients in British Columbia, Canada.…
Historical context
All FTS earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| TLN Talen Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | -65.4% | +7.3% | Talen raises its 2028 outlook and introduces a 2029 cash-flow target |
| PNW Pinnacle West Capital Corporation | FY2026 Q3 · Calendar Q4 2026 | +5.1% | +1.7% | Pinnacle West raises 2026 EPS outlook as Arizona demand strengthens |
Latest beats and misses
Who reports nextBeat on EPS
- AIZFY2026 Q3 · November 3, 2026+29.5% EPS+4.2% move
- AIZNFY2026 Q3 · November 3, 2026+36.0% EPS+0.5% move
- SMCIFY2027 Q1 · November 3, 2026+47.2% EPS-4.2% move
- XYZFY2026 Q3 · November 3, 2026+9.7% EPS+14.9% move
- AMGNFY2026 Q3 · November 3, 2026+11.4% EPS+1.6% move
- SWKSFY2026 Q4 · November 3, 2026+0.8% EPS-6.9% move
Missed on EPS
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% move
- TOSTFY2026 Q3 · November 3, 2026-20.1% EPS+5.9% move
- CPNGFY2026 Q3 · November 3, 2026-90.3% EPS+13.3% move
- TLNFY2026 Q3 · November 3, 2026-65.4% EPS+7.3% move
- APOSFY2026 Q3 · November 3, 2026-5.5% EPS-0.5% move
Get the FTS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-04T13:30:52.365837+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T13:30:52.363002+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-04. For educational purposes only; not investment advice.