Fortis Inc.
Fortis Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Fortis Inc. Q2 FY26 key numbers
- Revenue
- ITC anticipates USD 3.3 to 3.8 billion of transmission investments beyond 2030, linked to awarded projects advancing in MISO.
As stated in Fortis Inc.'s Q2 FY26 earnings call transcript · published 29 May 2026. Reported figures, not investment advice.
The short version
- Fortis expects average annual rate base growth of 7% through 2030, supporting future revenue increases. - Fortis expects to continue driving meaningful shareholder value through execution of its 5-year capital plan.
From Fortis Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Fortis expects average annual rate base growth of 7% through 2030, supporting future revenue increases.
- Significant load growth from data centers, including 300 MW already contracted at TEP and potential expansions up to 600 MW and additional 500-700 MW at a second site.
- ITC anticipates USD 3.3 to 3.8 billion of transmission investments beyond 2030, linked to awarded projects advancing in MISO.
- Data center developments in Arizona and Midwest underpin growth, with positive customer impact expected from these connections.
- Opportunities for transmission expansion and generation investments aligned with incremental data center load growth.
2 more points from Fortis Inc.'s call on revenue
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Profitability & Margins
See what Fortis Inc. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Fortis invested $1.4 billion of capital in Q1 2026, with a $5.6 billion plan for 2026.
- ITC Midwest’s MISO LRTP Tranche 2.1 projects: $3.3 to $3.8 billion investment beyond 2030 for awarded non-competitive projects.
- TEP: 300 MW data center load growth under an approved energy supply agreement, ramping up 2027-2029.
- Potential new generation investment of USD 1.5 to 2 billion if Phase II data center capacity agreements finalize at TEP.
- Transmission upgrade work underway at Big Cedar Industrial Center to support 300 MW initial load and an additional 1,600 MW by 2028.
- Springville Generating Station coal-to-gas conversion approved to extend life and improve affordability/reliability.
2 more points from Fortis Inc.'s call on capex
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Fundraising & Capital Structure
See what Fortis Inc. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- At TEP, the initial 300 megawatts of data center load growth is underway with contracts and credit support in place, ramping up through 2027-2029.
- Negotiations ongoing for an incremental 300 megawatts at the first site, potentially doubling capacity to 600 megawatts.
- Additional 500-700 megawatt capacity negotiations for a second site near Tucson are active.
- ITC is evaluating opportunities and preparing bids for competitively bid transmission projects in MISO and SPP regions.
- ITC’s MISO LRTP portfolio projects include $3.3 to $3.8 billion of investment beyond 2030 for awarded projects not subject to bidding.
2 more points from Fortis Inc.'s call on order book
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What the Q2 FY26 call signalled
3 of 5 strong
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Fortis Inc. Q2 FY26 results?
- Fortis expects average annual rate base growth of 7% through 2030, supporting future revenue increases. - Fortis expects to continue driving meaningful shareholder value through execution of its 5-year capital plan.
What is Fortis Inc. share price analysis?
Fortis Inc. currently shows a below-average growth signal. The stock trades at a P/E of 23.0 with a market cap of $28,567. Investors should review the full earnings analysis for detailed insights.
Is Fortis Inc. planning capital expenditure?
- Fortis invested $1.4 billion of capital in Q1 2026, with a $5.6 billion plan for 2026.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.