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The latest update is out from Hydro One ( (TSE:H) ).
On February 13, 2026, Hydro One reported fourth-quarter 2025 results showing a rise in basic earnings per share to $0.39 from $0.33 a year earlier, as net income attributable to common shareholders increased to $233 million from $200 million. The improvement was driven by lower OM&A costs and higher demand and regulated rates, partly offset by regulatory earnings sharing, higher financing charges and increased income tax expense.
Quarterly revenues climbed to $2.27 billion due mainly to higher purchased power costs, while revenues net of purchased power declined to $981 million amid regulatory adjustments. The utility stepped up capital spending, investing $939 million in the quarter and placing $1.31 billion of assets in service, advanced multiple major transmission projects with First Nations equity participation, priced $1.6 billion in sustainable medium-term notes and declared a quarterly dividend of $0.3331 per share payable March 31, 2026.
Hydro One’s 2025 productivity savings of $254 million and growing portfolio of priority transmission lines, including Bowmanville–GTA and applications such as the Welland Thorold line, underscore its role in supporting Ontario’s historic load growth. Subsequent selections to develop the Greenstone and Sudbury–Barrie lines, along with a newly ratified labour agreement and recognition as one of Canada’s Best Employers, reinforce operational stability and labour relations as the company executes its long-term grid investment strategy.
The most recent analyst rating on (TSE:H) stock is a Hold with a C$50.00 price target. To see the full list of analyst forecasts on Hydro One stock, see the TSE:H Stock Forecast page.
Spark’s Take on TSE:H Stock
According to Spark, TipRanks’ AI Analyst, TSE:H is a Outperform.
Hydro One’s overall score is driven by strong financial performance and positive earnings call highlights, including revenue growth and strategic investments. However, cash flow challenges and a high P/E ratio suggest caution. Technical indicators support a positive trend, but valuation concerns may limit upside potential.
To see Spark’s full report on TSE:H stock, click here.
More about Hydro One
Hydro One Limited is a major Canadian electricity transmission and distribution utility based in Ontario, operating high-voltage transmission lines and local distribution networks across the province. The company focuses on upgrading aging infrastructure, connecting new load and generation, and partnering with First Nations and communities to expand grid capacity to meet growing demand.
Average Trading Volume: 896,381
Technical Sentiment Signal: Buy
Current Market Cap: C$32.93B
See more insights into H stock on TipRanks’ Stock Analysis page.