Brief: Fortis Reports Q4 Adjusted Basic Eps $0.72

Fortis

10/02/2023 11:24

Feb 10 (Reuters) - Fortis Inc  FTS.TO :
    * FORTIS INC - QTRLY ADJUSTED BASIC EPS $0.72
    * FORTIS INC - DOES NOT EXPECT THERE TO BE IMPACT FROM
ENERGY
PRICE VOLATILITY, GLOBAL SUPPLY CHAIN ISSUES, INFLATION ON
OPERATIONS OR 2023 RESULTS
    * 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 - FORTIS EXPECTS TO INVEST $5.9 BILLION IN
CLEANER
ENERGY OVER NEXT FIVE YEARS
    * 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

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