Operator
Ladies and gentlemen, thank you for standing by. My name is Debrah and I will be your conference operator today. Welcome to the Fortis Q1 2021 Conference Call and Webcast.
[Operator Instructions]
At this time, I would like to turn the conference over to Stephanie Amaimo. Please go ahead, Ms. Amaimo.
Stephanie A. Amaimo
Vice President, Investor Relations
Thank you, Debrah, and good morning everyone, and welcome to Fortis s first quarter 2021 results conference call. I m joined by David Hutchens, President and CEO, Jocelyn Perry, Executive VP and CFO, other members of the senior management team, as well as CEOs from certain subsidiaries.
Fortis Inc Reports Strong First Quarter 2021 Results
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Fortis Inc tiendra une conférence téléphonique le 5 mai pour présenter ses résultats du premier trimestre de 2021, et une assemblée annuelle en ligne le 6 mai
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Operator
Ladies and gentlemen, thank you for standing by. My name is Michelle, and I will be your conference operator today. Welcome to the Fortis Q4 2020 Conference Call and Webcast. [Operator Instructions]
At this time, I would like to turn the conference over to Stephanie Amaimo. Please go ahead, Ms. Amaimo.
Stephanie Amaimo
Vice President, Investor Relations
Thanks Michelle, and good morning, everyone, and welcome to Fortis fourth quarter and annual 2020 results conference call. I m joined by David Hutchens, President and CEO; Jocelyn Perry, Executive VP and CFO; other members of the senior management team as well as CEOs from certain subsidiaries.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Fortis Inc. Reports 2020 Results
FortisFebruary 12, 2021 GMT
ST. JOHN’S, Newfoundland and Labrador, Feb. 12, 2021 (GLOBE NEWSWIRE) Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2020 fourth quarter and annual financial results1 today.
Highlights
Reported annual net earnings of $1,209 million, or $2.60 per common share in 2020
Delivered adjusted net earnings2 of $1,195 million, or $2.57 per common share, up from $1,115 million, or $2.55 per common share in 2019
Executed record capital expenditures of $4.2 billion yielding annual rate base growth of 8.2%3