Fortis (FTS) Tax Provisions (2015 - 2026)
Fortis (FTS) posted Tax Provisions of $81.7 million for Q1 2026, up 42.37% on a QoQ basis from $57.4 million in Q4 2025, and up 1.03% year-over-year from $80.8 million in Q1 2025.
Fortis (FTS) Tax Provisions (2015 - 2026) Analysis & Trends
Fortis' Tax Provisions history runs 12 years deep, the most recent figure standing at $81.7 million for Q1 2026.
- Quarterly Tax Provisions rose 1.03% year-over-year to $81.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $281.7 million (up 8.9% YoY) and the FY2025 annual result came in at $281.8 million, up 13.78% from the prior year.
- Tax Provisions was $81.7 million for Q1 2026 at Fortis, up from $57.4 million in the prior quarter.
- Across five years, Tax Provisions topped out at $87.4 million in Q4 2023 and bottomed at $36.5 million in Q2 2023.
- A 5-year average of $64.9 million and a median of $66.6 million in 2024 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2022 — Tax Provisions surged 44.14% — and 2024, when it retreated 23.84%.
- Fortis' Tax Provisions stood at $76.6 million in 2022, then advanced by 14.09% to $87.4 million in 2023, then decreased by 23.84% to $66.6 million in 2024, then retreated by 13.83% to $57.4 million in 2025, then surged by 42.37% to $81.7 million in 2026.
- Business Quant data shows FTS's Tax Provisions at $81.7 million in Q1 2026, $57.4 million in Q4 2025, and $76.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 81.67 Mn |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 175.00 Mn |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | -47.00 Mn |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 53.10 Mn |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 60.00 Mn |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 682.00 Mn |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 138.00 Mn |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | 29.90 Mn |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 85.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 39.05 Mn |