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Fortis Posts Higher Q2 Electricity Sales at Key Utilities, Advances Growth Projects

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Fortis (FTS) reported Q2 earnings Friday, showing higher electricity sales across several regulated utilities, while advancing key energy infrastructure projects.

Fortis' unit, UNS Energy, reported retail electricity sales of 2,829 gigawatt-hours for the quarter ended June 30, up from 2,666 GWh a year earlier.

UNS Energy reported wholesale electricity sales of 1,302 GWh, compared with 1,028 GWh for the same quarter last year, while gas sales declined to 2 petajoules from 3 PJ, according to the company.

Central Hudson increased electricity sales to 1,168 GWh for the quarter, up from 1,143 GWh a year earlier. Gas sales rose to 5 PJ for the quarter, up from 4 PJ.

FortisBC Energy reported gas sales of 39 PJ for the quarter ended June 30, down from 42 PJ for the same quarter last year, Fortis said.

FortisAlberta increased electricity deliveries to 4,313 GWh from 4,200 GWh a year earlier, the company said.

FortisBC Electric electricity sales declined to 784 GWh in Q2, down from 802 GWh in the year-ago quarter.

The company reported other electric sales of 2,330 GWh for the quarter, compared with 2,339 GWh, the company added.

Fortis completed the 200-MW Roadrunner Reserve II battery storage project in Arizona during the quarter. The facility can store 800 megawatt-hours of electricity, enough to supply about 42,000 homes for four hours, according to the company.

The company also secured approval for the Phase 1B expansion of the Tilbury liquefied natural gas facility in British Columbia. The project carries a cost allowance of up to CA$2.2 billion ($1.57 billion) and could begin construction in mid-2027 before entering service as early as 2031, Fortis said.

Fortis invested CA$2.7 billion during the H1 2026 and remains on track to meet its CA$5.6 billion annual capital plan.

Price: $57.38, Change: $-0.09, Percent Change: -0.17%

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