Brief: Fortis Inc Reports Fourth Quarter 2022 Results

Fortis

10/02/2023 11:04

Feb 10 (Reuters) - Fortis Inc  FTS.TO :
    * FORTIS INC. REPORTS FOURTH QUARTER & ANNUAL 2022 RESULTS
    * FORTIS INC - FOR Q4 OF 2022, NET EARNINGS WERE $370
MILLION, OR
$0.77 PER COMMON SHARE
    * FORTIS INC - CORPORATION'S FIVE-YEAR CAPITAL PLAN FOR 2023
THROUGH 2027 IS $22.3 BILLION
    * FORTIS INC - QTRLY BASIC EPS $0.72
    * FORTIS INC - FORTIS EXPECTS TO INVEST $5.9 BILLION IN
CLEANER
ENERGY OVER NEXT FIVE YEARS
    * FORTIS INC - CORPORATION DOES NOT CURRENTLY EXPECT THERE
TO BE A
MATERIAL IMPACT ON ITS OPERATIONS OR FINANCIAL RESULTS IN 2023
    * FORTIS INC - EXPECTS ITS LONG-TERM GROWTH IN RATE BASE
WILL
DRIVE EARNINGS THAT SUPPORT DIVIDEND GROWTH GUIDANCE OF 4-6%
ANNUALLY THROUGH 2027
    * FORTIS - SEES FIVE-YEAR  CAPITAL PLAN TO BE FUNDED BY CASH
FROM
OPERATIONS, DEBT ISSUED AT REGULATED UTILITIES, COMMON EQUITY
FROM DIVIDEND REINVESTMENT PLAN

Source text for Eikon:  ID:nGNX33HKPY 
Further company coverage:  FTS.TO 
 ((Reuters.Briefs@thomsonreuters.com;))