Power transmitter Hydro One's Q3 revenue up 4.9%

Hydro One

13/11/2025 12:13

Overview

Hydro One Q3 revenue increased C$107 mln yr/yr, driven by higher demand and rates

Basic EPS for Q3 rose to C$0.70 from C$0.62 in 2024

Company broke ground on St. Clair Transmission Line Project in southwestern Ontario

Outlook

Company continues to invest in infrastructure to support growing electricity demand in Ontario

Hydro One plans to allocate proceeds from C$1.1 bln notes to eligible green projects

Company is addressing aging infrastructure to improve service and connectivity

Result Drivers

OEB-APPROVED RATES - Higher revenues attributed to Ontario Energy Board-approved transmission and distribution rates

PEAK DEMAND - Increased average monthly peak demand contributed to revenue growth

INFRASTRUCTURE INVESTMENT - St. Clair Transmission Line Project supports regional growth and electricity demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$2.30 bln
Q3 EPS
C$0.70
Q3 Net Income
C$421 mln
Q3 Basic EPS
C$0.70
Q3 Dividend
C$0.33


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$51.00, about 3.2% below its November 12 closing price of C$52.64

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nCNWSzLdJa

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(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.)