Fortis stock trades at EUR 46.85 after debt deal

Published on 09/30/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fortis reported CAD 396.0 million in Q2 2026 net earnings on July 31, 2026, up from CAD 384.0 million a year earlier. Fortis stock is tied to a CAD 28.8 billion capital plan targeting 7.00 percent rate-base growth through 2030.

FTS, CA3495531079, Illustration mit AI erstellt.

Fortis stock (ISIN CA3495531079) was trading at EUR 46.85 at Lang & Schwarz on September 30, 2026, up 0.11 percent from the prior close of EUR 46.80. The utility priced two USD 500.0 million subordinated note tranches on September 9, 2026, with proceeds intended for maturing debt and general corporate purposes, according to Fortis Inc.

Debt supports a larger capital plan

The notes carry fixed-to-fixed rates of 6.625 percent and 6.875 percent and mature on March 30, 2057. The financing arrives as Fortis executes a CAD 28.8 billion five-year capital plan designed to expand its regulated asset base.

Fortis says the plan should lift midyear rate base from CAD 42.4 billion in 2025 to CAD 57.9 billion by 2030, a 7.00 percent five-year compound annual growth rate. The company also guides to annual dividend growth of 4.00 percent to 6.00 percent through 2030.

Q2 earnings rose from a year earlier

According to CEO.CA on July 31, 2026, Fortis reported CAD 396.0 million of Q2 2026 net earnings, up from CAD 384.0 million in Q2 2025. Earnings per common share increased to CAD 0.78 from CAD 0.76, while first-half 2026 earnings per share of CAD 1.76 matched the prior-year period.

The company invested CAD 2.7 billion during the first half of 2026 against a CAD 5.6 billion annual capital plan. That spending profile links the quarterly earnings result to the larger rate-base expansion rather than to a single short-term operating event.

Stock sits inside a broad yearly range

On the NYSE, Fortis was last at USD 53.06 on September 29, 2026 at 4:00 p.m. EDT. The USD 49.60 to USD 59.40 52-week range places the primary-market quote USD 6.34 below the high, while market capitalization stood at USD 27.0 billion as of September 29, 2026.

MarketBeat lists a 12-month consensus rating of Hold and an average price target of USD 66.33 for Fortis. The contrast between the neutral consensus and the company plan puts execution, financing costs and regulatory delivery at the center of the stock narrative.