Hydro One Ltd

H

Equity

ISIN null / Valor 29777300

Toronto Stock Exchange (2025-10-20)

CAD 52.46+0.25%

Hydro One Ltd
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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: Energy

Increased Earnings Per Share

Hydro One Ltd reported a basic earnings per share (EPS) of $0.54 for the second quarter of 2025, up from $0.49 in the same quarter of 2024. The growth in EPS was primarily driven by higher revenues resulting from Ontario Energy Board-approved transmission and distribution rate increases and increased energy consumption.

Revenue Growth

Revenues for the second quarter reached $2,066 million, marking a $35 million increase compared to $2,031 million in Q2 2024. Revenues net of purchased power were $1,167 million, up by $76 million year-over-year, reflecting the impact of rate adjustments and higher energy usage.

Significant Capital Investments

The company invested $913 million in capital projects during the quarter, with $591 million of new assets placed in service. These investments are part of Hydro One's ongoing efforts to enhance the reliability and performance of Ontario’s electricity transmission and distribution systems.

Sustainability and Corporate Recognition

Hydro One released its annual sustainability report for 2024, highlighting continued progress towards its environmental, social, and governance commitments. The company was also recognized by Corporate Knights as one of Canada's Best 50 Corporate Citizens for the tenth consecutive year and featured in Forbes, TIME Magazine, and Statista's lists of Canada’s Best Employers and Companies of 2025.

Dividend Announcement

A quarterly dividend of $0.3331 per share was declared, payable on September 29, 2025, to shareholders of record as of September 10, 2025. This reflects Hydro One's commitment to returning value to its shareholders.

Operational Developments

Hydro One announced the ratification of a tentative agreement with the Power Workers’ Union, covering front-line and customer-facing employees through March 31, 2028. Additionally, the company awarded 50 recipients with the Ice Storm 2025: Recovery Grant to support local recovery efforts following widespread ice storm damage.

Summarized from source with an LLMView Source

Key figures

13.3%1Y

68.7%3Y

76.9%5Y

Performance

15.1%1Y

15.9%3Y

14.7%5Y

Volatility