Hydro One Ltd
H
ISIN null / Valor 29777300
Hydro One Ltd
UMushroom community rating:
About company
Hydro One Ltd is the largest electricity transmission and distribution service provider in Ontario, Canada. The company serves nearly 1.4 million customers, primarily in rural areas, accounting for about 26% of the province's total customer base. Hydro One's operations are deeply rooted in a history that dates back to 1906 with the establishment of the Hydro-Electric Power Commission of Ontario. The company became publicly traded on the Toronto Stock Exchange in November 2015 under the ticker symbol "H." Hydro One is responsible for maintaining and operating a vast network of transmission lines and distribution systems, ensuring the reliable delivery of electricity across the region. Its services are crucial for supporting the energy needs of both residential and commercial customers throughout Ontario.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (29.08.2026):
Hydro One Limited — second quarter 2026: the company reported Q2 net income attributable to common shareholders of $370 million (up from $327 million in Q2 2025) and basic EPS of $0.62 ($0.54 in Q2 2025). Consolidated revenues were $2,302 million (including $1,071 million of purchased power), with revenues net of purchased power of $1,231 million. The quarter included a leadership transition (Megan Telford became President & CEO on June 9, 2026), an inaugural US$1.0 billion U.S. note issuance, ongoing large transmission filings/awards and a declared quarterly dividend of $0.3531 per share.
Key financial results
Q2 2026 net income $370M (+13.1% YoY); basic/diluted EPS $0.62 (+14.8% YoY). Total revenues $2,302M (+11.4% YoY); revenues net of purchased power $1,231M (+5.5% YoY).
Cost and margin drivers
Purchased power rose to $1,071M (+19.1%), largely recovered from customers; OM&A $331M (+3.4%) driven by higher work program, emergency restoration and maintenance; financing charges $181M (+7.1%) reflecting higher long‑term debt.
Cash flow and liquidity
Net cash from operations $686M for the quarter. Q2 cash flows: financing inflow $648M, investing outflow $(728)M, resulting in a net increase in cash of $606M for the quarter. Available liquidity includes commercial paper capacity and $3.9B committed credit facilities.
Capital spending and in‑service additions
Capital investments were $812M (Q2 2025: $913M); assets placed in-service $644M (up from $591M). Company projects 2026 capex ~ $3,854M and 2027 ~ $4,742M (transmission-led increase).
Projects and regulatory activity
Hydro One was selected to develop the Red Lake Transmission Line and filed OEB leave‑to‑construct applications for the Northeast Power Line, Longwood to Lakeshore, Durham Kawartha Power Line and the Orléans Area Reinforcement Project.
Financing and balance sheet
Hydro One Inc. completed an inaugural US$1.0B (4.75%) senior note due 2031 and entered cross‑currency swaps to hedge FX risk; long‑term debt outstanding ~$19.97B; net debt to capitalization ~59.9% as at June 30, 2026.
Dividend and shareholder return
Quarterly dividend declared $0.3531 per share, payable September 29, 2026 (record September 9, 2026).
Leadership and recognition
Megan Telford assumed the role of President & CEO on June 9, 2026. The company received several employer and corporate recognition mentions (Time/Statista, Forbes, Corporate Knights).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
23064 M
Market cap (USD)
2,716,626
Daily traded volume (Shares)
44.4 / 43.95
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
