Fortis Inc

NYSE FTS

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Fortis Inc Revenue for the quarter ending March 31, 2024: CAD 3.12 B

Fortis Inc Revenue is CAD 3.12 B for the quarter ending March 31, 2024, a -6.06% change year over year. The revenue is the total amount of money generated from the sales of goods or services by a company during a specific period.
  • Fortis Inc Revenue for the quarter ending March 31, 2023 was CAD 3.32 B, a 17.07% change year over year.
  • Fortis Inc Revenue for the quarter ending March 31, 2022 was CAD 2.83 B, a 11.66% change year over year.
  • Fortis Inc Revenue for the quarter ending March 31, 2021 was CAD 2.54 B, a 6.19% change year over year.
  • Fortis Inc Revenue for the quarter ending March 31, 2020 was CAD 2.39 B, a -1.85% change year over year.
NYSE: FTS

Fortis Inc

CEO Mr. David Gerard Hutchens
IPO Date Jan. 4, 2016
Location Canada
Headquarters Fortis Place, Saint John's, NF, Canada, A1E 0E4
Employees 9,600
Sector Utilities
Industry Utilities - regulated electric
Description

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

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StockViz Staff

September 20, 2024

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