Fortis stock falls 1.16 percent as debt reaches USD 1 billion
Published on 09/23/2026 at 22:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Fortis stock traded at CAD 74.92 on the TSX on September 23, 2026, down CAD 0.88 or 1.16 percent from the previous session. The move came as investors assessed a large new funding package for the regulated utility.
USD 1 billion reaches the market
Fortis priced USD 1.0 billion of junior subordinated notes on September 9, 2026, split into two USD 500 million tranches. The first carries a fixed-to-fixed coupon of 6.625 percent, while the second carries a 6.875 percent coupon.
The notes mature on March 30, 2057. Fortis said the offering was expected to close on September 21, 2026, subject to customary closing conditions.
Revenue and assets set the scale
The same release described Fortis as a North American regulated electric and gas utility with 2025 revenue of USD 12 billion. It also reported total assets of USD 79 billion as of June 30, 2026, giving the financing decision a clear balance-sheet scale.
Fortis serves customers through nine regulated utilities across Canada, the United States and the Caribbean. Its 9,900 employees serve 3.5 million electricity and natural gas customers, while the company targets annual dividend growth of 4 percent to 6 percent through 2030.
Stock stays below its recent range
At CAD 74.92 on September 23, 2026, Fortis stock was CAD 0.88 below the prior session level. The combination of a 1.16 percent daily decline and long-dated financing makes capital costs an important measure for investors tracking the utility's regulated growth plans.
Fortis stock facts
- Company: Fortis Inc.
- Ticker: FTS
- Trading venue: TSX
- Price (September 23, 2026): CAD 74.92
- Sector / Industry: Utilities / Electric Utilities
