Fortis (FTS) Tax Provisions (2015 - 2026)
Fortis (FTS) posted quarterly Tax Provisions of $54.9 million for Q2 2026, down 17.25% year-over-year from $66.4 million in Q2 2025, and down 32.73% on a QoQ basis from $81.7 million in Q1 2026.
Fortis (FTS) Tax Provisions (2015 - 2026) Analysis & Trends
Fortis has reported Tax Provisions for 12 years, with the latest figure at $54.9 million in Q2 2026.
- Tax Provisions for Q2 2026 came in at $54.9 million, down 17.25% year-over-year; the trailing twelve-month figure through Jun 2026 was $270.3 million (down 1.59% YoY), and the FY2025 annual result was $281.8 million, up 13.78% from the prior year.
- Tax Provisions eased to $54.9 million in Q2 2026, from $81.7 million in the prior quarter.
- Over five years, Tax Provisions peaked at $87.4 million in Q4 2023 and troughed at $36.5 million in Q2 2023.
- A 5-year average of $64.3 million and a median of $66.5 million in 2024 frame the typical range for Tax Provisions.
- The widest annual swing landed in 2022, when Tax Provisions surged 44.14%; it then retreated 23.84% in 2024.
- A 5-year view of Tax Provisions shows it stood at $76.6 million in 2022, then rose by 14.09% to $87.4 million in 2023, then fell by 23.84% to $66.6 million in 2024, then declined by 13.83% to $57.4 million in 2025, then fell by 4.23% to $54.9 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $54.9 million in Q2 2026, $81.7 million in Q1 2026, and $57.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 122.00 Mn |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | -60.00 Mn |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 27.00 Mn |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 52.00 Mn |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 114.00 Mn |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 54.94 Mn |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 92.00 Mn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 49.88 Mn |
| 10 | Cms Energy | 21.67 Bn | 21.43 Bn | 3.65 Bn | 118.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 54.94 Mn |
| Mar 31, 2026 | 81.67 Mn |
| Dec 31, 2025 | 57.37 Mn |
| Sep 30, 2025 | 76.30 Mn |
| Jun 30, 2025 | 66.40 Mn |
| Mar 31, 2025 | 80.84 Mn |
| Dec 31, 2024 | 66.57 Mn |
| Sep 30, 2024 | 60.84 Mn |
| Jun 30, 2024 | 50.45 Mn |
| Mar 31, 2024 | 74.95 Mn |
| Dec 31, 2023 | 87.41 Mn |
| Sep 30, 2023 | 68.63 Mn |
| Jun 30, 2023 | 36.48 Mn |
| Mar 31, 2023 | 73.97 Mn |
| Dec 31, 2022 | 76.62 Mn |
| Sep 30, 2022 | 49.84 Mn |
| Jun 30, 2022 | 41.57 Mn |
| Mar 31, 2022 | 52.89 Mn |
| Dec 31, 2021 | 53.15 Mn |
| Sep 30, 2021 | 38.93 Mn |