Fortis Inc. (FTS) Q1 2025 Earnings Call Transcript

2025-05-07 11:20:32 ET

Fortis Inc. (FTS)

Q1 2025 Earnings Conference Call

May 7, 2025 08:30 a.m. ET

Company Participants

David Hutchens - President, Chief Executive Officer

Jocelyn Perry - Executive Vice President, Chief Financial Officer

Linda Apsey - Chief Executive Officer, ITC Holdings Corp.

Roger Dall’Antonia - President, Chief Executive Officer, FortisBC

Stephanie Amaimo - Vice President, Investor Relations

Conference Call Participants

Rob Hope - Scotiabank

Maurice Choy - RBC

Ben Pham - BMO

Mark Jarvi - CIBC

Jamieson Ward - Jefferies

Patrick Kenny - National Bank Financial

Ross Fowler - Bank of America

Richard Sunderland - JP Morgan

Presentation

Operator

Thank you for standing by. This is Michael, the conference operator. Welcome to the Fortis Inc. First Quarter 2025 Earnings Conference Call and Webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions].

I would now like to turn the conference over to Stephanie Amaimo, Vice President, Investor Relations. Please go ahead, Ms. Amaimo.

Stephanie Amaimo

Thank you, Michael. And good morning, everyone. Welcome to Fortis' first quarter 2025 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.

Before we begin today's call, I want to remind you that the discussion will include forward-looking information, which is subject to the cautionary statement contained in the supporting slideshow. Actual results can differ materially from the forecast projections included in the forward-looking information presented today.

Non-GAAP financial measures referenced in our prepared remarks are reconciled to the U.S. GAAP financial measures in our first quarter 2025 MD&A. Also, unless otherwise specified, all financial information referenced is in Canadian dollars.

With that, I will turn the call over to David.

David Hutchens

Thank you, and good morning, everyone. We are off to a strong start in 2025. During the quarter, we delivered safe and reliable service to our customers while successfully executing our capital plan by investing $1.4 billion in our utility systems....

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