Canada · Delayed Price · Currency is CAD Hydro One Earnings Call Transcripts
Fiscal Year 2026
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The AGM featured the election of directors, approval of auditor and executive compensation, and a CEO transition. Strong financial and operational results were reported, with a 27% shareholder return and a 6% dividend increase. Strategic investments and board diversity were highlighted.
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Q1 saw EPS rise to CAD 0.65 and net income up 9.2% year-over-year, driven by higher demand and approved rates. Major infrastructure projects and strong customer support position the company for continued growth, with EPS guidance reaffirmed at 6–8% annually.
Fiscal Year 2025
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Delivered strong 2025 results with EPS up 15.5% and major infrastructure investments advancing. Productivity savings, robust customer satisfaction, and new transmission projects position the company for continued growth.
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Q3 2025 saw strong EPS and revenue growth, driven by higher demand and new rates, with major transmission projects advancing and robust capital investment. The company expects 6–8% annual EPS growth through 2027 and is expanding financing options to support infrastructure needs.
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Q2 2025 saw strong EPS and revenue growth, driven by higher rates and energy demand, despite major storm restoration costs. Significant progress was made on transmission projects and First Nations partnerships, with robust capital investment and a positive outlook for continued EPS growth through 2027.
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Q1 2025 saw strong EPS growth, higher revenues, and major storm recovery costs, with continued investment in transmission and distribution. Strategic acquisitions, supply chain diversification, and prudent capital management support long-term growth and resilience.
Fiscal Year 2024
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Strong safety, customer satisfaction, and productivity gains drove higher EPS and net income in 2024. Major projects were completed ahead of schedule, capital investments increased, and 2027 EPS guidance was raised to 6–8% annualized growth.
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Earnings per share rose to CAD 0.62, with strong revenue growth in both transmission and distribution segments. Major projects are progressing ahead of schedule, and regulatory settlements provide cost certainty through 2029. Capital expenditures increased 21.2% year-over-year.
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Q2 2024 EPS rose to CAD 0.49, driven by higher revenues and cost efficiencies, with major transmission projects advancing ahead of schedule and under budget. Capital expenditures and assets in service increased significantly, while the company maintained strong credit metrics and reaffirmed 5%-7% EPS growth guidance through 2027.