Quarterly ResultAug 12, 2026, 07:08 AM
Hydro One Q2 Net Income +13.1% to $370M; EPS $0.62
AI Summary
Hydro One Limited reported strong financial results for the second quarter and first half of 2026. Net income attributable to common shareholders increased 13.1% to $370 million for the quarter, with basic EPS rising 14.8% to $0.62. Total revenues grew 11.4% to $2,302 million, driven by higher transmission and distribution revenues. The company also issued US$1,000 million in senior notes and expanded its operating credit facilities.
Key Highlights
- Net income attributable to common shareholders increased 13.1% to $370 million for Q2 2026.
- Basic earnings per common share (EPS) rose 14.8% to $0.62 for Q2 2026.
- Total revenues increased 11.4% to $2,302 million for Q2 2026.
- Revenues, net of purchased power, grew 5.5% to $1,231 million for Q2 2026.
- Dividends per common share declared increased to $0.36 for Q2 2026.
- Net cash from operating activities increased 13.4% to $686 million for Q2 2026.
- Long-term debt issued US$1,000 million senior notes during the six months ended June 30, 2026.
- Hydro One Inc. increased committed Operating Credit Facilities by $600 million, extending maturity to 2031.
Price Impact
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