The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

FTS.TO

Concerning the House

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Canada · www.fortisinc.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$3.34B$2.81B$2.94B$3.08B
Gross profit$2.30B$2.10B$2.18B$2.22B
Operating income$953.00M$800.00M$871.00M$868.00M
Net income$520.00M$404.00M$431.00M$444.00M
Diluted EPS1.000.76
Free cash flow-$330.00M-$740.00M-$426.00M-$676.00M
CapEx-$1.54B-$1.54B-$1.45B-$1.69B
Quotation

$78.42

+0.15 (+0.2%)

52w hi$82.99
52w lo$65.69
Vol1.58M
As ofAug 13
The Verdict

Hold

Our score +0.09

Short+0.29
Medium-0.06
Long+0.01

computed 2026-08-13

By the Numbers

Fortis Inc.

Utilities · Utilities - Regulated Electric

Market cap$40.06B
Enterprise value$79.72B
Trailing P/E23.06x
Forward P/E20.21x
EV / EBITDA14.00x
P / S (ttm)3.24x
Profit margin14.7%
Return on equity7.5%
Revenue growth+4.1%
Earnings growth+2.2%
Debt / equity132.27
Risk Metrics
Beta vs SPX-0.11
Corr SPX-0.12
Annual vol14.0%
Annual ret+16.2%
Sharpe1.16
Max DD-7.6%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.30
Sector-0.01
Technical+0.19
Earnings+0.00
Sentiment+0.05

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$78.43$79.10$78.33$78.421.58M
Aug 12$77.92$78.61$77.85$78.271.45M
Aug 11$77.24$78.32$77.24$78.121.41M
Aug 10$78.20$78.20$76.82$77.231.65M
Aug 7$78.33$78.54$77.25$78.241.51M