Electric and gas utility Fortis reports $422M Q4 profit, up from $396M a year earlier

Fortis Place in downtown St. John's, N.L., is seen. THE CANADIAN PRESS/ Paul Daly

ST. JOHN’S — Fortis Inc. reported a fourth-quarter profit of $422 million, up from $396 million a year earlier.

The electric and gas utility company says the profit amounted to 83 cents per diluted share for the quarter ended Dec. 31.

The result was up from 79 cents per diluted share for the same period in 2024.

On an adjusted basis, Fortis says it earned 90 cents per share in its latest quarter, up from an adjusted profit of 83 cents per share a year earlier.

Revenue for the quarter totalled $3.08 billion, up from $2.95 billion in the fourth quarter of 2024.

Fortis has utility customers in five provinces, 10 U.S. states and the Caribbean.

This report by The Canadian Press was first published Feb. 12, 2026.