FTS (Fortis) Retained Earnings : $3,273 Mil (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Fortis Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fortis's retained earnings for the quarter that ended in Sep. 2024 was $3,273 Mil.

Fortis's quarterly retained earnings increased from Mar. 2024 ($3,161 Mil) to Jun. 2024 ($3,364 Mil) but then declined from Jun. 2024 ($3,364 Mil) to Sep. 2024 ($3,273 Mil).

Fortis's annual retained earnings increased from Dec. 2021 ($2,702 Mil) to Dec. 2022 ($2,748 Mil) and increased from Dec. 2022 ($2,748 Mil) to Dec. 2023 ($3,065 Mil).

Fortis Retained Earnings Historical Data

The historical data trend for Fortis's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortis Retained Earnings Chart

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

2,214.29

2,506.05

2,701.56

2,747.88

3,065.00

Fortis Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															2,970.96	3,065.00	3,161.20	3,364.47	3,272.55

Fortis Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Fortis (NYSE:FTS) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Fortis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (NYSE:FTS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

FORFF.PFD:USA FTRSF.PFD:USA 12F:Germany 12F:Germany FTS.PR.M.PFD:Canada FTS.PR.K.PFD:Canada FTS.PR.J.PFD:Canada FTS.PR.I.PFD:Canada FTS.PR.H.PFD:Canada FTS.PR.G.PFD:Canada FTS.PR.F.PFD:Canada FTS:Canada

Address

5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.