Fortis Inc stock (CA3495531079): Regulated utility with U.S. exposure posts solid 2025 results

Fortis Inc reported 2025 revenue of about $12.2 billion and serves utility customers in five Canadian provinces and 10 U.S. states, highlighting its relevance for North American investors.

Fortis Inc, a diversified North American regulated electric and gas utility holding company, reported 2025 revenue of approximately $12.2 billion and total assets of about $74.8 billion, underscoring its scale in the utility sector according to Fitch Ratings as of May 8, 2026.Fitch Ratings as of 05/08/2026

Fortis serves utility customers in five Canadian provinces and 10 U.S. states, giving U.S. investors direct exposure to a regulated utility operator with a diversified geographic footprint.Fitch Ratings as of 05/08/2026

As of: 10.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Fortis Inc
• Sector/industry: Regulated electric and gas utilities
• Headquarters/country: Canada
• Core markets: Canada and the United States
• Key revenue drivers: Regulated electricity and gas distribution and transmission
• Home exchange/listing venue: Toronto Stock Exchange and New York Stock Exchange (ticker: FTS)
• Trading currency: Canadian dollar and U.S. dollar

Fortis Inc: core business model

Fortis Inc operates as a diversified leader in the North American regulated electric and gas utility industry, with regulated assets that generate stable, long?term cash flows under government?approved rate structures.TMX Money as of 05/10/2026

The company segments its business by regulatory jurisdiction and service territory, aligning with the information used by its chief operating decision maker to allocate capital and monitor performance.Fortis Inc Q1 2026 MD&A and financial statements as of 05/10/2026

Fortis’s regulated utilities in Canada and the United States benefit from predictable revenue streams tied to customer demand and approved rate?base returns, which can support consistent dividend payouts over time.TMX Money as of 05/10/2026

Main revenue and product drivers for Fortis Inc

Fortis’s primary revenue drivers are regulated electricity and gas distribution and transmission services, which are priced under long?term regulatory frameworks that allow recovery of costs plus a permitted return on invested capital.TMX Money as of 05/10/2026

In 2025, the company generated roughly $12.2 billion in revenue and held about $74.8 billion in total assets, reflecting a large base of regulated infrastructure across multiple jurisdictions.Fitch Ratings as of 05/08/2026

Fortis’s diversified footprint in five Canadian provinces and 10 U.S. states helps mitigate regional economic and regulatory risks, while ongoing capital investment in grid modernization and reliability supports future rate?base growth.TMX Money as of 05/10/2026

Why Fortis Inc matters for U.S. investors

For U.S. investors, Fortis offers exposure to a regulated utility operator with material operations in 10 U.S. states, complementing domestic utility holdings and providing diversification across regulatory regimes.TMX Money as of 05/10/2026

The company’s listing on the New York Stock Exchange under the ticker FTS allows U.S. retail investors to access its dividend?oriented profile in U.S. dollars, while its Canadian listing on the Toronto Stock Exchange provides additional liquidity.Fortis Inc Share Information as of 05/10/2026

Fortis’s regulated business model, combined with its North American footprint, may appeal to income?oriented investors seeking relatively stable cash flows and long?term infrastructure exposure.TMX Money as of 05/10/2026

Conclusion

Fortis Inc operates a diversified portfolio of regulated electric and gas utilities across Canada and the United States, generating roughly $12.2 billion in revenue in 2025 and serving customers in five Canadian provinces and 10 U.S. states.Fitch Ratings as of 05/08/2026

The company’s regulated business model, combined with its North American footprint and listing on both the Toronto and New York stock exchanges, positions it as a potential option for investors seeking stable, dividend?oriented utility exposure.TMX Money as of 05/10/2026

However, investors should remain mindful of regulatory risk, interest?rate sensitivity, and the impact of currency fluctuations on returns, as these factors can influence the performance of a cross?border utility holding such as Fortis.TMX Money as of 05/10/2026

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.