Fortis Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Capital Expenditures Guidance for the Full Year 2018
For the nine months, net earnings attributable to common equity shareholders were $839 million, or $1.98 per common share, compared to $829 million, or $2.00 per common share, for the same period in 2017. Year-to-date adjusted net earnings attributable to common equity shareholders were $809 million, or $1.91 per common share, compared to $794 million, or $1.92 per common share for the same period in 2017. Consolidated capital expenditures were $2.3 billion during the first nine months of 2018.
For capital expenditures, the corporation remains on track to invest $3.2 billion in 2018.