Equity Profile

FTS

Fortis Inc.

UtilitiesElectric Utilities$28.5B

Jul31Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Fortis Inc. (FTS) is a utility company that provides electric and gas services across Canada and the United States....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.75

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase service rates, crucial for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FTS Q2-2026 Earnings Preview

Context

Company Snapshot

Fortis Inc. (FTS) is a utility company that provides electric and gas services across Canada and the United States. With a market cap of $28 billion, it plays a crucial role in the energy sector, focusing on reliable service and infrastructure development amid increasing demand for clean energy solutions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.62%

Avg Stock Reaction

+1.45%

Last Quarter Recap

In Q1-2026, Fortis reported an EPS of $0.73, beating estimates by 4.61%. However, the stock fell 2.28% the following day, indicating mixed market reactions despite the positive earnings surprise.

Management Promises & Guidance

Continue investing in renewable energy projects.
Maintain reliable service and infrastructure improvements.
Focus on cost management to enhance profitability.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Fortis has consistently beaten EPS estimates in recent quarters, but the stock's performance has been volatile post-earnings.

Bull Case

If Fortis can deliver strong EPS and positive revenue growth, it may reassure investors about its growth strategy and lead to a stock price increase.

Bear Case

Concerns about rising costs and regulatory challenges could dampen investor sentiment, especially if the company fails to meet earnings expectations.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.75

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its customer base and increase service rates, crucial for long-term sustainability.

Capital Expenditures

N/A

Monitoring capital expenditures helps assess Fortis's investment in infrastructure and future growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact stock performance.

What are the updates on capital expenditures for renewable projects?

Investments in renewable energy are vital for Fortis's growth strategy and could influence investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Fortis's ongoing investments in renewable energy, which could drive future growth beyond current expectations.

Supporting Evidence

Fortis has consistently beaten EPS estimates, indicating strong operational performance.

The options market suggests a larger-than-average move, hinting at potential surprises.

Recent trends in energy demand may favor utility companies investing in renewables.

Key Risk

If Fortis's EPS exceeds $0.75, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Fortis's ability to maintain its growth trajectory against potential cost pressures and regulatory challenges.

Bull Confirmed If

Achieving an EPS of $0.75 or higher would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.70 would raise concerns about profitability and growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±6.39%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±6.4% while FTS has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.1%

Calls (0)P/C Ratio: 1.07Puts (3K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fortis beats EPS expectations and raises guidance, history suggests a potential stock increase of around 1.45%.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience a muted reaction.

Miss

Should Fortis miss EPS estimates, history indicates a potential decline of approximately 2.02%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on capital expenditures for renewable energy projects.
2Any updates on regulatory challenges or opportunities.
3Management's outlook on energy demand and pricing.
4Insights into cost management strategies.
5Comments on customer growth and retention rates.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Fortis Inc. (FTS) is a utility company that provides electric and gas services across Canada and the United States....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$0.75

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase service rates, crucial for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FTS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.62%

Avg Stock Reaction

+1.45%

Last Quarter Recap

In Q1-2026, Fortis reported an EPS of $0.73, beating estimates by 4.61%. However, the stock fell 2.28% the following day, indicating mixed market reactions despite the positive earnings surprise.

Management Promises & Guidance

Continue investing in renewable energy projects.
Maintain reliable service and infrastructure improvements.
Focus on cost management to enhance profitability.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Fortis has consistently beaten EPS estimates in recent quarters, but the stock's performance has been volatile post-earnings.

Bull Case

If Fortis can deliver strong EPS and positive revenue growth, it may reassure investors about its growth strategy and lead to a stock price increase.

Bear Case

Concerns about rising costs and regulatory challenges could dampen investor sentiment, especially if the company fails to meet earnings expectations.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.75

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its customer base and increase service rates, crucial for long-term sustainability.

Capital Expenditures

N/A

Monitoring capital expenditures helps assess Fortis's investment in infrastructure and future growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact stock performance.

What are the updates on capital expenditures for renewable projects?

Investments in renewable energy are vital for Fortis's growth strategy and could influence investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Fortis's ongoing investments in renewable energy, which could drive future growth beyond current expectations.

Supporting Evidence

Fortis has consistently beaten EPS estimates, indicating strong operational performance.

The options market suggests a larger-than-average move, hinting at potential surprises.

Recent trends in energy demand may favor utility companies investing in renewables.

Key Risk

If Fortis's EPS exceeds $0.75, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Fortis's ability to maintain its growth trajectory against potential cost pressures and regulatory challenges.

Bull Confirmed If

Achieving an EPS of $0.75 or higher would confirm the bullish outlook.

Bear Confirmed If

An EPS below $0.70 would raise concerns about profitability and growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±6.39%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±6.4% while FTS has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.1%

Calls (0)P/C Ratio: 1.07Puts (3K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fortis beats EPS expectations and raises guidance, history suggests a potential stock increase of around 1.45%.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience a muted reaction.

Miss

Should Fortis miss EPS estimates, history indicates a potential decline of approximately 2.02%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on capital expenditures for renewable energy projects.
2Any updates on regulatory challenges or opportunities.
3Management's outlook on energy demand and pricing.
4Insights into cost management strategies.
5Comments on customer growth and retention rates.