Core Insights - The analysis focuses on Fortis Inc. (NYSE: FTS), highlighting a previous buy rating and the release of its Full-Year 2024 report [1] Group 1: Company Overview - Fortis Inc. is a significant player in the utility sector, with a focus on delivering reliable energy services [1] - The company has been recognized for its strong performance and growth potential in the market [1] Group 2: Financial Performance - The Full-Year 2024 report is anticipated to provide insights into the company's financial health and operational efficiency [1] - Analysts expect the report to reflect positive trends in revenue and profitability, contributing to investor confidence [1]

Fortis, Inc. (NYSE:FTS) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Stephanie Amaimo - VP, IR David Hutchens - President and CEO Jocelyn Perry - EVP and CFO Linda Apsey - CEO, ITC Holdings Corp. Roger Dall’Antonia - President and CEO, FortisBC Conference Call Participants Robert Hope - Scotiabank Maurice Choy - RBC Capital Markets Mark Jarvi - CIBC Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Operator Thank you for standing by. This is Betsy, the ...

Core Viewpoint - Fortis reported quarterly earnings of $0.59 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and showing an increase from $0.53 per share a year ago, indicating a positive earnings surprise of 3.51% [1] Financial Performance - Fortis generated revenues of $2.11 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.56%, although this represents a slight decrease from $2.12 billion in the same quarter last year [2] - The company has outperformed consensus EPS estimates in all four of the last quarters [2] Stock Performance - Fortis shares have increased approximately 6.6% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $2.3 billion, and for the current fiscal year, it is $2.34 on revenues of $8.94 billion [7] - The estimate revisions trend for Fortis is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Utility - Electric Power industry, to which Fortis belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Q4 2024 EARNINGS CONFERENCE CALL February 14, 2025 FORWARD LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business ...

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), today filed its audited Consolidated Financial Statements, related Management Discussion and Analysis and Form 40-F for the year ended December 31, 2024, as well as its 2024 ...

Exhibit 99.1 St. John's, NL - February 14, 2025 FORTIS INC. REPORTS FOURTH QUARTER & ANNUAL 2024 RESULTS Highlights "In 2024, Fortis extended its track record of strong EPS and rate base growth," said David Hutchens, President and Chief Executive Officer, Fortis Inc. "We executed a $5.2 billion capital program, outperformed industry averages for safety and reliability performance, and continued to be recognized as a leader for our governance practices." "We remain focused on extending our track record as we ...

Core Insights - Fortis Inc. reported strong financial performance for 2024, with net earnings of $1.6 billion, or $3.24 per common share, reflecting a growth from $1.5 billion, or $3.10 per common share in 2023 [4][6][8] - The company executed a $5.2 billion capital program and is focused on a $26 billion five-year capital plan aimed at supporting annual dividend growth guidance of 4-6% through 2029 [3][10][16] Financial Performance - Net earnings for the fourth quarter of 2024 were $396 million, or $0.79 per common share, compared to $381 million, or $0.78 per common share in the same period of 2023, driven by rate base growth and new customer rates [5][8] - Adjusted net earnings for 2024 were $1.6 billion, or $3.28 per common share, representing a 6% increase from $3.09 in 2023 [6][8] - Capital expenditures for 2024 totaled $5.2 billion, contributing to a 6% annual rate base growth, increasing the midyear rate base to $39 billion [9][10] Capital Expenditures and Projects - The five-year capital plan of $26 billion is $1 billion higher than the previous plan, driven by MISO long-range transmission plan projects and customer growth investments [10][11] - Significant projects include the Eagle Mountain Pipeline, transmission reliability projects at ITC, and the completion of the Wataynikaneyap Transmission Power project, which connects 17 First Nations communities to the Ontario power grid [9][10] Regulatory Updates - In October 2024, FERC revised the base ROE for MISO transmission owners, impacting Fortis with an after-tax earnings effect of approximately $22 million [13] - The Arizona Corporation Commission approved a formula rate plan expected to improve rate stability for customers, with UNS Gas proposing an annual rate adjustment mechanism [14] Environmental Commitment - Fortis has reduced its corporate-wide direct greenhouse gas emissions by 34% from a 2019 base year, with targets to further reduce emissions by 50% by 2030 and 75% by 2035 [18]

Core Insights - Fortis Inc. reported strong financial performance for 2024, with net earnings of $1.6 billion, or $3.24 per common share, reflecting a growth from $1.5 billion, or $3.10 per common share in 2023 [4][6][22] - The company executed a $5.2 billion capital program, contributing to a 6% annual rate base growth, and is focused on a $26 billion five-year capital plan to support annual dividend growth guidance of 4-6% through 2029 [3][10][20] Financial Performance - Net earnings for the fourth quarter of 2024 were $396 million, or $0.79 per common share, compared to $381 million, or $0.78 per common share in the same period of 2023, driven by rate base growth and new customer rates [5][22] - Adjusted net earnings for 2024 were $1.6 billion, or $3.28 per common share, representing a 6% increase from $3.09 per common share in 2023 [8][22] Capital Expenditures - Capital expenditures for 2024 totaled $5.2 billion, leading to a midyear rate base of $39.0 billion, which is a 6% increase over 2023 [10][22] - The 2025-2029 capital plan is set at $26.0 billion, which is $1.0 billion higher than the previous plan, driven by MISO long-range transmission projects and customer growth investments [12][13] Regulatory Updates - In October 2024, FERC revised the base ROE for ITC's MISO utilities from 10.02% to 9.98%, impacting Fortis' after-tax earnings by approximately $22 million [15] - The Arizona Corporation Commission approved a formula rate plan policy statement in December 2024, which is expected to improve rate stability for customers [16] Environmental Commitment - Fortis has reduced its corporate-wide direct greenhouse gas emissions by 34% from a 2019 base year, with targets to further reduce emissions by 50% by 2030 and 75% by 2035 [21]

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE:FTS) has declared the following dividends payable on June 1, 2025 to the Shareholders of Record of the following Shares of the Corporation at the close of ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Fortis (FTS) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 14, 2025, might help the stock move higher if these key numbers are better than expect ...