Fortis Files 6-K Detailing 2026 AGM, Capital Plan Expansion and 2025 Results

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An update from Fortis ( (TSE:FTS) ) is now available.

Fortis Inc. has filed its March 2026 Form 6-K with U.S. regulators, mainly to distribute materials for its 2026 annual general meeting of common shareholders scheduled for May 7, 2026 in a hybrid in‑person and online format. The filing includes the notice of meeting, management information circular and proxy forms, outlining voting procedures, director nominations, governance practices, executive compensation disclosure and other shareholder information.

In a joint message to investors, the chair and chief executive highlighted 2025 performance, noting approximately 5% adjusted EPS growth excluding foreign exchange and a one‑year total shareholder return of 24%. Fortis reported 2025 net earnings attributable to common equity shareholders of $1.7 billion, or $3.40 per share, with adjusted net earnings of $1.8 billion, or $3.53 per share, supported by rate base growth and major capital projects.

The company expanded its 2026–2030 capital plan to $28.8 billion, implying annualized rate base growth of 7% and reinforcing its regulated growth strategy across its utilities. Fortis also raised its dividend by 4.1% in 2025 and extended guidance for 4–6% annual dividend growth through 2030, underscoring its long-running focus on shareholder returns.

Management emphasized record safety performance in 2025, strong employee engagement and continued investment in reliability and resilience, including wildfire mitigation, climate adaptation and cyber‑resilience initiatives. These priorities, together with grid modernization and transmission and distribution upgrades, position Fortis to respond to rising electricity demand and evolving climate and energy security risks while maintaining service quality for customers.

The most recent analyst rating on (TSE:FTS) stock is a Hold with a C$81.00 price target. To see the full list of analyst forecasts on Fortis stock, see the TSE:FTS Stock Forecast page.

Spark’s Take on FTS Stock

According to Spark, TipRanks’ AI Analyst, FTS is a Neutral.

The score is primarily held back by fundamentals: rising leverage and consistently negative free cash flow despite stable regulated earnings. Earnings-call commentary is a clear positive due to reaffirmed long-term rate-base and dividend growth guidance, while technicals are mixed (longer-term trend support but near-term weakness). Valuation is reasonable for the sector, supported by a solid dividend yield.

To see Spark’s full report on FTS stock, click here.

More about Fortis

Fortis Inc. is a North American regulated utility holding company with nine electricity and gas utilities across Canada, the U.S. and the Caribbean, serving 3.5 million customers. It operates 100% regulated utility assets totaling $75 billion, employs about 9,900 people, and is listed on the TSX and NYSE under the ticker FTS, with a 52-year track record of consecutive dividend increases.

YTD Price Performance: 9.21%

Average Trading Volume: 1,806,794

Technical Sentiment Signal: Buy

Current Market Cap: C$39.22B

For an in-depth examination of FTS stock, go to TipRanks’ Overview page.

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