Quarterly ResultAug 12, 2026, 07:08 AM
Hydro One Q2 EPS $0.62, Net Income $370M; Megan Telford New CEO
AI Summary
Hydro One reported strong second-quarter 2026 results with basic EPS of $0.62, up from $0.54 year-over-year, and net income of $370 million, an increase from $327 million. Revenues rose to $2,302 million, driven by OEB-approved rates and higher peak demand. The company also announced Megan Telford as its new President and CEO, secured several major transmission line projects totaling over $3.6 billion in investment, and completed a US$1.0 billion debt offering.
Key Highlights
- Basic EPS increased to $0.62 in Q2 2026 from $0.54 in Q2 2025.
- Net income attributable to common shareholders rose to $370 million from $327 million.
- Revenues grew to $2,302 million in Q2 2026 from $2,066 million in Q2 2025.
- Megan Telford assumed the role of President and CEO of Hydro One.
- Selected to develop and construct the Red Lake Transmission Line.
- Filed leave-to-construct for Northeast Power Line, a $1.9 billion project.
- Completed an inaugural US$1.0 billion debt offering in the United States.
- Declared a quarterly dividend of $0.3531 per share.
Price Impact
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