Fortis Inc. reported its 2025 fourth quarter and annual financial results, including annual net earnings of $1.7 billion and adjusted net earnings per common share of $3.53. The company also announced a new five-year capital plan of $28.8 billion and a 4.1% dividend increase, marking 52 consecutive years of dividend growth.
Key takeaways
Annual net earnings of $1.7 billion, or $3.40 per common share, for 2025
Annual adjusted net earnings per common share of $3.53, up from $3.28 for 2024
Capital expenditures of $5.6 billion in 2025, yielding 7% annual rate base growth
4.1% increase in fourth quarter common share dividend, achieving 52 consecutive years of dividend increases
New five-year capital plan of $28.8 billion, $2.8 billion higher than previous plan
2026 Climate Resiliency Report released, showing 38% reduction in scope 1 greenhouse gas emissions through 2025 compared to 2019