Fortis (FTS) Depreciation and Depletion (2015 - 2026)
Fortis (FTS) reported Depreciation and Depletion of $1.01 billion for Q3 2026, up 1.7% from $989.68 million a year earlier and up 197.5% from the prior quarter.
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Analysis
Fortis (FTS) Depreciation and Depletion (2015 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Fortis' Depreciation and Depletion came in at $1.35 billion, down 0.6% year-over-year; for FY2025, it was $1.3 billion, up 4.6% from FY2024.
- Depreciation and Depletion has increased for ten consecutive years, with a five-year compound annual growth rate of 6.2% (FY2020 to FY2025).
- By year, Depreciation and Depletion came in at $1.24 billion in FY2024 (+8.3%), $1.14 billion in FY2023 (+1.8%), $1.12 billion in FY2022 (+7.2%) and $1.05 billion in FY2021 (+9.5%).
- The Q3 2026 figure ranks as the highest quarterly Depreciation and Depletion in data going back to Q2 2015.
- Year over year, Depreciation and Depletion has now increased in each of the last three quarters, with growth averaging 4.9% over the last six quarters.
- The high point for year-over-year Depreciation and Depletion in five years was Q1 2022 (growth of 9.8%); the low point was Q2 2023 (a decline of 1.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $338.33 million (Q2 2026), $336.16 million (Q1 2026) and -$332.01 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 181.60 Bn | 168.35 Bn | - | - |
| 2 | Southern | 104.77 Bn | 95.83 Bn | 5.92 Bn | - |
| 3 | Duke Energy | 99.63 Bn | 95.89 Bn | 5.66 Bn | - |
| 4 | National Grid | 82.14 Bn | 54.44 Bn | - | - |
| 5 | American Electric Power | 68.86 Bn | 66.65 Bn | 4.75 Bn | -1.00 Mn |
| 6 | Dominion Energy | 60.31 Bn | 58.30 Bn | - | 3.00 Mn |
| 7 | Entergy | 51.91 Bn | 38.35 Bn | - | - |
| 8 | Sempra | 51.13 Bn | 50.25 Bn | 2.89 Bn | - |
| 9 | Xcel Energy | 50.13 Bn | 43.61 Bn | - | - |
| 10 | Fortis | 30.26 Bn | 28.13 Bn | 1.64 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.01 Bn |
| Jun 30, 2026 | 338.33 Mn |
| Mar 31, 2026 | 336.16 Mn |
| Dec 31, 2025 | -332.01 Mn |
| Sep 30, 2025 | 989.68 Mn |
| Jun 30, 2025 | 327.66 Mn |
| Mar 31, 2025 | 318.49 Mn |
| Dec 31, 2024 | -278.47 Mn |
| Sep 30, 2024 | 919.25 Mn |
| Jun 30, 2024 | 307.81 Mn |
| Mar 31, 2024 | 303.52 Mn |
| Dec 31, 2023 | -265.90 Mn |
| Sep 30, 2023 | 854.09 Mn |
| Jun 30, 2023 | 283.64 Mn |
| Mar 31, 2023 | 279.61 Mn |
| Dec 31, 2022 | -260.06 Mn |
| Sep 30, 2022 | 836.52 Mn |
| Jun 30, 2022 | 287.07 Mn |
| Mar 31, 2022 | 281.05 Mn |
| Dec 31, 2021 | -246.73 Mn |
API Access
Fortis Depreciation and Depletion API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=FTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "ticker": "FTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=FTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();