Quarterly ResultMay 13, 2026, 07:12 AM
Hydro One Q1 Net Income $391M, EPS $0.65
AI Summary
Hydro One Limited reported a 9.2% increase in net income attributable to common shareholders, reaching $391 million for Q1 2026, with basic EPS rising 8.3% to $0.65. Total revenues grew 10.0% to $2,648 million, driven by OEB-approved rates and higher demand. However, net cash from operating activities decreased by 22.7% to $394 million. The company also saw its ownership in East-West Tie Limited Partnership dilute from 48% to 40%, resulting in a $14 million loss on dilution.
Key Highlights
- Net income attributable to common shareholders increased 9.2% to $391 million.
- Basic earnings per common share rose 8.3% to $0.65.
- Total revenues grew 10.0% to $2,648 million.
- Dividends per common share declared increased to $0.33.
- Net cash from operating activities decreased 22.7% to $394 million.
- Hydro One's ownership in EWT LP diluted from 48% to 40%, incurring a $14 million loss.
- Long-term debt of $500 million was repaid in Q1 2026.
- Capital investments were $715 million, with $484 million in assets placed in-service.
Price Impact
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