Fortis Inc. Releases Comprehensive Year-End Financials
Fortis Inc. (TSX/NYSE: FTS) has recently filed its 2024 financial documents, which mark significant milestones for the Corporation. These include the audited Consolidated Financial Statements, Management Discussion and Analysis, and Form 40-F for the fiscal year ending December 31, 2024. This timely submission showcases the company’s commitment to transparency and corporate governance.
Key Financial Highlights for 2024
For the fiscal year ending December 31, 2024, Fortis reported total revenue reaching an impressive amount of $12 billion. This demonstrates robust financial health and sustained growth in its operations across North America. With total assets amounting to $73 billion by year-end, Fortis continues to solidify its position as a leading utilities provider, reflecting sound management strategies and expansion efforts.
Strengthening Operations Across Regions
Fortis operates as a major player in the regulated electric and gas utility industry. It serves utility customers in five Canadian provinces, ten U.S. states, and three Caribbean countries, thanks to its dedicated workforce of approximately 9,800 employees. This diverse operational footprint not only enhances the business model but also minimizes risks tied to market volatility.
Accessibility of Financial Documents
The filed documents can be easily accessed by interested parties. Investors and stakeholders can review the Consolidated Financial Statements and related documentation on platforms such as the Corporation's official website and Canadian securities regulatory authorities. This effort underscores Fortis's goal to maintain transparent communication with its shareholders.
Upcoming Annual Meeting of Shareholders
As part of its governance practices, Fortis Inc. plans to distribute the Management Information Circular ahead of its Annual Meeting of Shareholders. Expected to be available in late March, this circular provides further insight into corporate governance and details regarding the upcoming meeting, setting the stage for dialogue between the management and its shareholders.
About Fortis Inc.
Fortis Inc. is recognized as a well-diversified leader within the North American utility sector. It has established itself as a reliable entity in the regulated electric and gas utility market. The substantial revenue figures and intense asset holding suggest that the Corporation is poised for continued growth, an encouraging sign for both current and prospective investors who follow the company’s ticker symbol, FTS.
Investor Relations and Contact Information
For any inquiries related to investments or corporate affairs, interested parties can reach out to Fortis's Investor Relations team. Ms. Stephanie Amaimo, the Vice President of Investor Relations, is available for direct engagement. She can be reached at 248.946.3572 or via email at investorrelations@fortisinc.com. Furthermore, for media inquiries, Ms. Karen McCarthy, Vice President of Communications and Government Relations, is at your service at 709.737.5323 or through her email at media@fortisinc.com.
Frequently Asked Questions
What financial documents did Fortis Inc. file for 2024?
Fortis filed its audited Consolidated Financial Statements, Management Discussion and Analysis, and Form 40-F for the year ended December 31, 2024.
How much revenue did Fortis Inc. achieve in 2024?
In 2024, Fortis reported total revenues of $12 billion, reflecting significant growth.
What regions does Fortis Inc. serve?
Fortis provides utility services in five Canadian provinces, ten U.S. states, and three Caribbean countries.
Who can investors contact for inquiries?
Investors can contact Ms. Stephanie Amaimo, Vice President of Investor Relations, at 248.946.3572 or via email at investorrelations@fortisinc.com.
When is the Annual Meeting of Shareholders expected?
The Management Information Circular for the upcoming Annual Meeting is expected to be made available to shareholders in late March.
