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FTS (Fortis) Research & Development : $0 Mil (TTM As of Sep. 2024)


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What is Fortis Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Fortis's Research & Development for the three months ended in Sep. 2024 was $0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Sep. 2024 was $0 Mil.

Fortis Research & Development Historical Data

The historical data trend for Fortis's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortis Research & Development Chart

Fortis Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Research & Development
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Fortis Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Fortis Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortis  (NYSE:FTS) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Fortis Research & Development Related Terms

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Fortis Business Description

Industry
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Address
5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4
Website
https://www.fortisinc.com
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.