84.05
-1.01%
Close of 9 Nov 2026, in CAD
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About Fortis
Its shares trade on Toronto Stock Exchange under the ticker FTS.TO. It has been listed since 17 March 1980. In the fiscal year to 31 December 2025, it reported revenue of C$12.17bn and net income of C$1.80bn. At that date it held total assets of C$74.83bn and shareholders' equity of C$23.81bn.
Fortis, Inc. is an international electric and gas utility holding company. The company is headquartered in St. Johns, Newfoundland And Labrador. Its segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp., UNS Energy Corporation and Central Hudson Gas & Electric Corporation; Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc., FortisBC Energy Inc., FortisBC Inc. and Newfoundland Power Inc.; Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. The company serves utility customers in five Canadian provinces, nine states in United States and three Caribbean.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Utilities
- Industry
- Electric Utilities
- Listed since
- 17 Mar 1980
- Employees
- 9,000
- Website
- fortisinc.com ↗
Leadership
Pay as last reported
- Mr. Jo ZurelIndependent Chairman of the BoardC$485,436
- Mr. David HutchensPresident, Chief Executive Officer, Director, since 2018C$15.7m
- Ms. Jocelyn PerryChief Financial Officer, Executive Vice PresidentC$3.9m
- Mr. Stuart LochrayExecutive Vice President - Strategy and Business DevelopmentC$2.3m
- Mr. James ReidExecutive Vice President - Sustainability, Chief Legal OfficerC$3.5m
- Mr. Gary SmithExecutive Vice President - Operations and TechnologyC$3.5m
- Ms. Keri GlitchChief Information Officer, Vice President
- Ms. Karen GosseVice President - Finance
- Mr. Regan O'DeaVice President, General Counsel
- Ms. Julie AveryVice President, Controller
- Ms. Tanya FinlayVice President - People and Culture
- Ms. Stephanie AmaimoVice President - Investor Relations
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 97
- Environment
- 97
- Social
- 99
- Governance
- 95
- Direct emissions (scope 1)
- 8,155,000 t
- Energy emissions (scope 2)
- 158,000 t
- Value chain emissions (scope 3)
- 113,390,000 t
- Women in the workforce
- 32%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Fortis Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong track record of financial performance and stability, which instills confidence in investors and stakeholders. Additionally, Fortis Inc has a diversified portfolio of utility assets across North America, providing a reliable and consistent source of revenue. The company also benefits from a skilled and experienced management team, which guides strategic decision-making and ensures operational efficiency.
Weaknesses
- Despite its strengths, Fortis Inc faces certain weaknesses that could hinder its growth potential. One weakness is its dependence on regulatory approvals for rate increases, which can be a time-consuming process and subject to changes in government policies. Another weakness is the company's exposure to fluctuations in energy prices, which can impact profitability. Moreover, Fortis Inc operates in a highly regulated industry, which presents challenges in terms of compliance and adapting to regulatory changes.
Opportunities
- Fortis Inc has various opportunities to capitalize on in the market. The growing demand for renewable energy presents an opportunity for the company to expand its clean energy portfolio and cater to environmentally-conscious customers. Additionally, Fortis Inc can explore acquisitions and partnerships to expand its geographic presence and diversify its offerings. Furthermore, advancements in technology offer the potential for operational efficiencies and cost savings, which can enhance the company's competitiveness.
Threats
- There are several external threats that Fortis Inc needs to monitor and mitigate. The increasing competition in the utility sector poses a threat to the company's market share and profitability. Economic downturns and financial volatility can also impact consumer spending and affect demand for utility services. Moreover, regulatory changes and shifts in government policies can introduce uncertainties and impact the company's operations. Additionally, natural disasters and extreme weather events can disrupt infrastructure and operations, leading to potential financial losses.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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