Security
FORTIS INC 1ST PREF SHS SER J 4.75% Preferred Stock (Canada) · FRTJF
FRTJFOTCPreferred stockCurrentCIK 1666175Updated Oct 6, 2026
FRTJF price & chart
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OTC:FRTJF on TradingView ↗About the company
Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation's 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands. Fortis' shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.sedarplus.ca, or www.sec.gov.
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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…
Read attachment ↗tm2624871d3_ex99-1.htm · 6-K · 2026-09-10
Exhibit 99.1 Execution Version Fortis Inc. US$500,000,000 6.625% Fixed-to-Fixed Rate Junior Subordinated Notes due 2057 US$500,000,000 6.875% Fixed-to-Fixed Rate Junior Subordinated Notes due 2057 Underwriting Agreement New York, New York September 9, 2026 Morgan Stanley & Co. LLC MUFG Securities Americas Inc. Wells Fargo Securities, LLC BofA Securities, Inc. As Representatives of the several Underwriters, c/o Morgan Stanley & Co. LLC 1585 Broadway, 29th Floor New York, New York 1003…
Read attachment ↗tm2624871d3_ex99-2.htm · 6-K · 2026-09-10
Exhibit 99.2 Fortis Inc. 6.625% Fixed-to-Fixed Rate Junior Subordinated Notes due 2057 6.875% Fixed-to-Fixed Rate Junior Subordinated Notes due 2057 Dated September 9, 2026 The following information supplements (or supersedes, to the extent that it is inconsistent therewith) the Preliminary Prospectus Supplement dated September 9, 2026 relating to the below described securities (the “ Preliminary Prospectus Supplement ”). Capitalized terms used but not defined in this pricing term sheet sha…
Read attachment ↗tm2624871d4_ex99-1.htm · 6-K · 2026-09-10
Exhibit 99.1 St. John's, NL - September 9, 2026 FORTIS INC. ANNOUNCES PRICING OF FIXED-TO-FIXED RATE JUNIOR SUBORDINATED NOTES The Base Shelf Prospectus is accessible, and the Prospectus Supplement and any Amendment to the Documents will be accessible through SEDAR+ within two business days. 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.…
Read attachment ↗tm2617159d1_ex99-1.htm · 6-K · 2026-06-12
Exhibit 99.1 EXECUTION VERSION FOURTH AMENDING AGREEMENT RE: FOURTH amended and restated CREDIT AGREEMENT THIS FOURTH AMENDING AGREEMENT made as of the 7th day of May, 2026 (this “Amendment”). BETWEEN: THE BANK OF NOVA SCOTIA, a Canadian chartered bank (herein, in its capacity as administrative agent of the Lenders, called the “Agent”) - and - THE BANK OF NOVA SCOTIA, CANADIAN IMPERIAL BANK OF COMMERCE, ROYAL BANK OF CANADA, BANK OF MONTREAL, THE TORONTO-DOMINION BANK, NATIONAL BANK OF C…
Read attachment ↗