Fortis Boosts Quarterly Profit to $422 Million, Surpassing Last Year

Fortis Inc. has announced a significant increase in its fourth-quarter profit for the year. The profit reached $422 million, marking an increase from $396 million during the same period last year.

Fortis Quarterly Profit Surges

The company’s earnings per diluted share stood at 83 cents for the quarter ending December 31. This represents a rise from 79 cents per diluted share in the fourth quarter of 2024.

Adjusted Earnings Show Growth

On an adjusted basis, Fortis reported earnings of 90 cents per share in the latest quarter. This is an improvement from the adjusted profit of 83 cents per share recorded a year ago.

Revenue Highlights

Fortis reported total revenue of $3.08 billion for the quarter. This is an increase from $2.95 billion in the fourth quarter of the previous year.

Customer Base and Market Presence

The utility company serves a diverse customer base across various regions, including:

• Five provinces in Canada
• Ten U.S. states
• The Caribbean

Fortis Inc.’s financial growth this quarter illustrates its strong market position and effective management strategies.