Hydro One Q2 revenue rises on higher energy demand

Hydro One

13/08/2025 12:08

Overview

Hydro One Q2 revenue rises to C$2.066 bln, driven by higher consumption

Basic EPS for Q2 increases to C$0.54 from C$0.49 yr/yr

Net income for Q2 grows to C$327 mln, reflecting improved performance

Outlook

Hydro One plans critical investments to meet growing energy demand in Ontario

Company to support growth with new transmission lines as per Integrated Energy Plan

Result Drivers

HIGHER RATES - Increased revenue driven by Ontario Energy Board-approved transmission and distribution rates

ENERGY CONSUMPTION - Higher energy consumption contributed to revenue growth

COST INCREASES - Higher depreciation, amortization, and asset removal costs partially offset revenue gains

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
C$2.07 bln
Q2 EPS
C$0.54
Q2 Net Income
C$327 mln
Q2 Basic EPS
C$0.54
Q2 Dividend
C$0.3331


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Hydro One Ltd is C$49.00, about 2.9% below its August 12 closing price of C$50.43

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nCNWNHRkTa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)