Security
FRTJF · Fortis Inc.
FRTJFOTCPreferred stockCurrentCIK 1666175Updated Sep 24, 2026
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Recent filings
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Financials
FY 2025 · CADSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsCAD | 74,830,000,000Source | 73,486,000,000Source | 65,920,000,000Source | 64,252,000,000Source |
| GoodwillCAD | 12,527,000,000Source | 13,112,000,000Source | 12,184,000,000Source | 12,464,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)CAD | 1,723,000,000Source | 1,661,000,000Source | 1,510,000,000Source | 1,548,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueCAD | 367,000,000Source | 220,000,000Source | 625,000,000Source | 209,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentCAD | 1,493,000,000Source | 1,669,000,000Source | 1,549,000,000Source | 1,759,000,000Source |
| Assets, CurrentCAD | 3,805,000,000Source | 3,796,000,000Source | 4,025,000,000Source | 4,269,000,000Source |
| Operating Lease, Right-of-Use AssetCAD | 60,000,000Source | 64,000,000Source | 51,000,000Source | 43,000,000Source |
| Other Assets, NoncurrentCAD | 1,782,000,000Source | 1,653,000,000Source | 1,298,000,000Source | 1,213,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesCAD | 48,961,000,000Source | 47,633,000,000Source | 42,588,000,000Source | 41,410,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedCAD | 1,623,000,000Source | 1,623,000,000Source | 1,623,000,000Source | 1,623,000,000Source |
| Common Stock, Value, IssuedCAD | 16,112,000,000Source | 15,589,000,000Source | 15,108,000,000Source | 14,656,000,000Source |
| Additional Paid in CapitalCAD | 5,000,000Source | 8,000,000Source | 9,000,000Source | 10,000,000Source |
| Retained Earnings (Accumulated Deficit)CAD | 4,969,000,000Source | 4,521,000,000Source | 4,112,000,000Source | 3,733,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxCAD | 1,101,000,000Source | 2,067,000,000Source | 653,000,000Source | 1,008,000,000Source |
| Stockholders' Equity Attributable to ParentCAD | 23,810,000,000Source | 23,808,000,000Source | 21,505,000,000Source | 21,030,000,000Source |
| Liabilities and EquityCAD | 74,830,000,000Source | 73,486,000,000Source | 65,920,000,000Source | 64,252,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentCAD | 7,513,000,000Source | 6,036,000,000Source | 5,964,000,000Source | 6,617,000,000Source |
| Operating Lease, Liability, CurrentCAD | 16,000,000Source | 17,000,000Source | 12,000,000Source | 9,000,000Source |
| Operating Lease, Liability, NoncurrentCAD | 44,000,000Source | 47,000,000Source | 39,000,000Source | 34,000,000Source |
| Deferred Income Tax Liabilities, NetCAD | 5,292,000,000Source | 5,020,000,000Source | 4,399,000,000Source | 4,060,000,000Source |
| Other Liabilities, NoncurrentCAD | 1,275,000,000Source | 1,314,000,000Source | 1,270,000,000Source | 1,146,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestCAD | 2,059,000,000Source | 2,045,000,000Source | 1,827,000,000Source | 1,812,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetCAD | 5,292,000,000Source | 5,020,000,000Source | 4,399,000,000Source | 4,060,000,000Source |
| Dividends Payable, CurrentCAD | 332,000,000Source | 314,000,000Source | 295,000,000Source | 278,000,000Source |
| Long-term Debt, Current MaturitiesCAD | 3,146,000,000Source | 1,990,000,000Source | 2,296,000,000Source | 2,481,000,000Source |
| Long-term Debt, Excluding Current MaturitiesCAD | 30,723,000,000Source | 31,224,000,000Source | 27,235,000,000Source | 25,931,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestCAD | 1,961,000,000Source | 1,828,000,000Source | 1,710,000,000Source | 1,514,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationCAD | 2,057,000,000Source | 1,927,000,000Source | 1,773,000,000Source | 1,668,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesCAD | 45,000,000Source | 73,000,000Source | 1,000,000Source | 153,000,000Source |
| Deferred Income Tax Expense (Benefit)CAD | 252,000,000Source | 154,000,000Source | 272,000,000Source | 182,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesCAD | 4,062,000,000Source | 3,882,000,000Source | 3,545,000,000Source | 3,074,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesCAD | -5,357,000,000Source | -5,395,000,000Source | -3,742,000,000Source | -4,059,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesCAD | 350,000,000Source | 283,000,000Source | 219,000,000Source | 205,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentCAD | 5,942,000,000Source | 5,012,000,000Source | 3,986,000,000Source | 3,587,000,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesCAD | 1,461,000,000Source | 1,064,000,000Source | 613,000,000Source | 1,035,000,000Source |
| Payments of Ordinary Dividends, Common StockCAD | 788,000,000Source | 744,000,000Source | 701,000,000Source | 673,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesCAD | 15,000,000Source | 2,000,000Source | 6,000,000Source | -5,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectCAD | 147,000,000Source | -405,000,000Source | 416,000,000Source | 78,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCAD | 367,000,000Source | 220,000,000Source | 625,000,000Source | 209,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesCAD | 1,469,000,000Source | 1,361,000,000Source | 1,255,000,000Source | 1,057,000,000Source |
| Income Taxes Paid, NetCAD | 30,000,000Source | -17,000,000Source | 129,000,000Source | 79,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCAD | -19,000,000Source | 44,000,000Source | 0Source | 28,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCAD | 160,000,000Source | 153,000,000Source | 150,000,000Source | 145,000,000Source |
| DepreciationCAD | 1,810,000,000Source | 1,695,000,000Source | 1,542,000,000Source | 1,460,000,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalCAD | -32,000,000Source | 0Source | 23,000,000Source | — |
| Dividends Payable, CurrentCAD | 332,000,000Source | 314,000,000Source | 295,000,000Source | 278,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxCAD | 13,000,000Source | -10,000,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxCAD | 46,000,000Source | — | — | — |
| Gain (Loss) on Sale of DerivativesCAD | — | 0Source | 9,000,000Source | -17,000,000Source |
| GoodwillCAD | 12,527,000,000Source | 13,112,000,000Source | 12,184,000,000Source | 12,464,000,000Source |
| Goodwill, Impairment LossCAD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsCAD | 15,000,000Source | 14,000,000Source | — | — |
| Income Tax Expense (Benefit)CAD | 393,000,000Source | 346,000,000Source | 360,000,000Source | 289,000,000Source |
| InterestExpenseNonoperatingCAD | 1,478,000,000Source | 1,406,000,000Source | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestCAD | 162,000,000Source | 148,000,000Source | 137,000,000Source | 120,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCAD | 1,714,000,000Source | 1,606,000,000Source | 1,506,000,000Source | 1,330,000,000Source |
| Nonoperating Income (Expense)CAD | 340,000,000Source | 288,000,000Source | 291,000,000Source | 165,000,000Source |
| Operating ExpensesCAD | 3,250,000,000Source | 3,040,000,000Source | 2,889,000,000Source | 2,683,000,000Source |
| Other Nonoperating Income (Expense)CAD | 1,000,000Source | 8,000,000Source | 13,000,000Source | 19,000,000Source |
| Proceeds from Issuance of Common StockCAD | 60,000,000Source | 46,000,000Source | 43,000,000Source | 53,000,000Source |
| Proceeds from Issuance of Long-term DebtCAD | 2,687,000,000Source | 3,124,000,000Source | 2,810,000,000Source | 3,067,000,000Source |
| Proceeds from Stock Options ExercisedCAD | 28,000,000Source | 15,000,000Source | 13,000,000Source | 26,000,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityCAD | 174,000,000Source | 139,000,000Source | 101,000,000Source | 78,000,000Source |
| Unrealized Gain (Loss) on InvestmentsCAD | — | — | 8,000,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueCAD | 11,900,000,000Source | 11,243,000,000Source | 11,163,000,000Source | 10,912,000,000Source |
| Cost of RevenueCAD | 3,371,000,000Source | 3,249,000,000Source | 3,771,000,000Source | 3,952,000,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)CAD | 3,492,000,000Source | 3,292,000,000Source | 3,084,000,000Source | 2,740,000,000Source |
| Other Nonoperating Income (Expense)CAD | 1,000,000Source | 8,000,000Source | 13,000,000Source | 19,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestCAD | 2,354,000,000Source | 2,174,000,000Source | 2,070,000,000Source | 1,803,000,000Source |
| Income Tax Expense (Benefit)CAD | 393,000,000Source | 346,000,000Source | 360,000,000Source | 289,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestCAD | 162,000,000Source | 148,000,000Source | 137,000,000Source | 120,000,000Source |
| Earnings Per Share, BasicCAD/shares | 3.4Source | 3.24Source | 3.1Source | 2.78Source |
| Earnings Per Share, DilutedCAD/shares | 3.4Source | 3.24Source | 3.1Source | 2.78Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 503,500,000Source | 495,000,000Source | 486,300,000Source | 478,600,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 503,700,000Source | 495,200,000Source | 486,500,000Source | 479,000,000Source |
| Interest Expense (non-operating)CAD | 1,478,000,000Source | 1,406,000,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCAD | 160,000,000Source | 153,000,000Source | 150,000,000Source | 145,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredCAD/shares | 2.51Source | 2.41Source | 2.31Source | 2.2Source |
| Costs and ExpensesCAD | 8,678,000,000Source | 8,216,000,000Source | 8,433,000,000Source | 8,303,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxCAD | 13,000,000Source | -10,000,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxCAD | 46,000,000Source | — | — | — |
| Goodwill, Impairment LossCAD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCAD | 565,000,000Source | 518,000,000Source | 526,000,000Source | 447,000,000Source |
| Income (Loss) from Equity Method InvestmentsCAD | 15,000,000Source | 14,000,000Source | — | — |
| Interest ExpenseCAD | — | — | 1,305,000,000Source | 1,102,000,000Source |
| Interest Income (Expense), Nonoperating, NetCAD | 43,000,000Source | 64,000,000Source | 76,000,000Source | 11,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCAD | 1,714,000,000Source | 1,606,000,000Source | 1,506,000,000Source | 1,330,000,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentCAD | -80,000,000Source | -73,000,000Source | -62,000,000Source | -92,000,000Source |
| Nonoperating Income (Expense)CAD | 340,000,000Source | 288,000,000Source | 291,000,000Source | 165,000,000Source |
| Operating ExpensesCAD | 3,250,000,000Source | 3,040,000,000Source | 2,889,000,000Source | 2,683,000,000Source |
| Other Operating IncomeCAD | 119,000,000Source | 96,000,000Source | 204,000,000Source | 159,000,000Source |
| Preferred Stock Dividends and Other AdjustmentsCAD | 85,000,000Source | 74,000,000Source | 67,000,000Source | 64,000,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityCAD | 174,000,000Source | 139,000,000Source | 101,000,000Source | 78,000,000Source |
Filing attachments
tm2624871d2_ex99-1.htm · 6-K · 2026-09-21
EX-99.1 2 tm2624871d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 SECOND SUPPLEMENTAL INDENTURE Among FORTIS INC. As the Corporation AND THE BANK OF NEW YORK MELLON As U.S. Trustee AND COMPUTERSHARE ADVANTAGE TRUST OF CANADA As Canadian Co-Trustee Dated as of September 21, 2026 6.625% FIXED-TO-FIXED RATE JUNIOR SUBORDINATED NOTES DUE 2057 TABLE OF CONTENTS Article I 1 THE NOTES ───────────────…
Read attachment ↗tm2624871d2_ex99-2.htm · 6-K · 2026-09-21
EX-99.2 3 tm2624871d2_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 THIRD SUPPLEMENTAL INDENTURE Among FORTIS INC. As the Corporation AND THE BANK OF NEW YORK MELLON As U.S. Trustee AND COMPUTERSHARE ADVANTAGE TRUST OF CANADA As Canadian Co-Trustee Dated as of September 21, 2026 6.875% FIXED-TO-FIXED RATE JUNIOR SUBORDINATED NOTES DUE 2057 TABLE OF CONTENTS Article I 1 THE NOTES S…
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