Fortisa

Fortis is a Canada-based utility company that produces and distributes electricity, gas and other related products for residential and commercial markets. Read more

David G Hutchens's photo - President & CEO of Fortisa

President & CEO

David G Hutchens

CEO Approval Rating

96/100

Founded:

1987

Status:

PublicIndependent CompanyTMX Group - Toronto Stock ExchangeFTS

FORTISA TOP COMPETITORS OR ALTERNATIVES

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APUC is one of Fortisa's top competitors. APUC is a Public company that was founded in Oakville, Ontario in 1997. APUC is in the Electric, Water & Gas Utilities field. APUC has 5,559 fewer employees vs. Fortisa.

Enbridge is perceived as one of Fortisa's biggest rivals. Enbridge was founded in 1949 in Calgary, Alberta. Enbridge operates in the Oil & Gas Exploration, Production, Sales industry. Enbridge generates $35.5B more revenue than Fortisa.

BC Hydro is a top competitor of Fortisa. BC Hydro's headquarters is in Vancouver, British Columbia, and was founded in 1961. BC Hydro competes in the Electric, Water & Gas Utilities field. BC Hydro generates 60% of Fortisa's revenue.

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Fortisa Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$7.3B

Fortisa's revenue is the ranked 5th among it's top 10 competitors. The top 10 competitors average 8.3B. Over the last four quarters, Fortisa's revenue has grown by 32.5%. Specifically, in Q1 2021's revenue was $2B; in Q4 2020, it was $2.2B; in Q3 2020, it was $1.6B; in Q2 2020, Fortisa's revenue was $1.5B.

Fortisa Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Aitken Creek Gas Storage ULC

Apr 2016

Source »
undisclosed
-
ITC Holdings Corp.

Feb 2016

Source »
$11.3B
ITC is a holding company that provides electricity transmission services to distribution facilities.
UNS Energy Corporation

Dec 2013

Source »
$4.5B
UNS Energy is a holding company that owns and operates natural gas and electric utility companies.

-

RadLink-Asia Pte. Ltd

Feb 2012

Source »
$62.9M
-

-

Super Religare Laboratories

May 2011

Source »
undisclosed
-

These are all the companies that Fortisa has acquired. Fortisa has acquired 5 companies and its latest acquisition was Aitken Creek Gas Storage ULC in Apr 2016.

Fortisa Funding History

Since Fortisa was founded in 1987, it has participated in 9 rounds of funding. In total Fortisa has raised $4.6B. Fortisa's last funding round was on May 2021 for a total of $500.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Debt
May 2021
$500M
-
Private Placement
Dec 2019
$451M
-
Post-IPO Debt
Dec 2016
$500M
Private Placement
Sep 2014
$500M
-
Private Placement
Dec 2013
$1.8B
-

Since Fortisa was founded in 1987, it has participated in 9 rounds of funding. In total Fortisa has raised $4.6B. Fortisa's last funding round was on May 2021 for a total of $500.0M

Fortisa Investments

No recent investments found related to Fortisa

These are all the companies that Fortisa has invested in. Fortisa has invested 5 companies and its latest investment was Aitken Creek Gas Storage ULC in Apr 2016.

Fortisa News

May 6, 2021MarketScreener

Fortis Inc. Reaches Gender Parity on Its Board of Directors as Shareholders Approve Election of Directors, Appointment of Auditors and Say on Pay

(marketscreener.com) ST. JOHN'S, Newfoundland and Labrador, May 06, 2021 -- Fortis Inc. announced the... See more »
April 27, 2021Markets Insider

Fortis Inc. to Hold Teleconference on May 5 to Discuss First Quarter 2021 Results and Hold Virtual 2021 Annual Meeting on May 6

ST. JOHN'S, Newfoundland and Labrador, April 27, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ('Fortis' or th... See more »
April 7, 2021Markets Insider

Fortis Inc. to Hold Teleconference on May 5 to Discuss First Quarter 2021 Results and Hold Virtual 2021 Annual Meeting on May 6

ST. JOHN'S, Newfoundland and Labrador, April 07, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ('Fortis' or th... See more »
February 12, 2021RTTNews

Fortis Q4 Profit Declines, But Adj. EPS Tops View - Quick Facts

Electric and gas utility Fortis Inc. (FTS, FTS.TO) reported fourth quarter net earnings attributable ... See more »
February 12, 2021NewsOk

4Q Earnings Snapshot

ST. JOHN`S, Newfoundland (AP) _ Fortis Inc. (FTS) on Friday reported fourth-quarter net income of $25... See more »

Fortisa Press Releases

August 25, 2020StreetInsider

Fortis Inc. Provides Standby Commitment to Caribbean Utilities Company, Ltd.

ST. JOHN'S, Newfoundland and Labrador, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the... See more »
June 1, 2020StreetInsider

Fortis Inc. Announces Results of Series H First Preference Share and Series I Preference Share Conversions

ST. JOHN'S, Newfoundland and Labrador, June 01, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the... See more »
May 8, 2020GlobeNewswire

Les actionnaires de Fortis Inc. approuvent l'lection des administrateurs, la nomination de l'auditeur, le Rglement sur les pravis no 2 et la rsolution consultative sur la rmunration

ST. JOHN'S, Terre-Neuve-et-Labrador, 08 mai 2020 (GLOBE NEWSWIRE) -- Fortis Inc. (« Fortis » ou la « ... See more »
May 7, 2020GlobalNewswire

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Advance Notice By-Law No.2 and Say on Pay

ST. JOHN'S, Newfoundland and Labrador, May 07, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the ... See more »
March 25, 2020GlobeNewswire

FORTIS INC. PRESIDENT AND CEO THANKS CORPORATION'S EMPLOYEES

ST. JOHN'S, Newfoundland and Labrador, March 25, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or th... See more »
December 11, 2019GlobalNewswire

Statement from Fortis Inc. on the Passing of Ida J. Goodreau

ST. JOHN'S, Newfoundland and Labrador, Dec. 11, 2019 (GLOBE NEWSWIRE) --It is with great sadness that... See more »

Social Media

Fortisa Headquarters

5 Springdale Street Fortis Place, Suite 1100

St. John's, Newfoundland and LabradorA1B 3T2

1-709-737-2800

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Fortisa Summary

ABOUT

Overview

Fortis is a Canada-based utility company that produces and distributes electricity, gas and other related products for residential and commercial markets. Fortisa was founded in 1987. Fortisa's headquarters is located in St. John's, Newfoundland and L...

CEO

Fortisa's President & CEO, David G Hutchens, currently has an approval rating of 96%. Fortisa's primary competitors are APUC, Enbridge & BC Hydro.

Frequently Asked Questions about Fortisa

  1. When was Fortisa founded?

    Fortisa was founded in 1987
  2. Who is Fortisa's CEO?

    Fortisa's CEO is David G Hutchens
  3. How much revenue does Fortisa generate?

    Fortisa generates $7.3B in revenue
  4. How much funding does Fortisa have?

    Fortisa has historically raised $4.6B in funding
  1. Where is Fortisa's headquarters?

    Fortisa's headquarters is in St. John's Newfoundland and Labrador, CA
  2. How many employees does Fortisa have?

    Fortisa has 9,000 employees
  3. What sector does Fortisa operate in?

    Fortisa is in Electric, Water & Gas Utilities
  4. Who are Fortisa's competitors?

    Fortisa's top competitors are APUC, Enbridge, BC Hydro