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Hydro One Limited (HRNNF)
OTHER OTC:HRNNF
Earnings Data
Report Date
May 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.44Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: strong EPS and net income growth, sizable productivity savings ($254M) with $166M passed to customers, successful capital deployment ($3.4B capex; $2.9B placed in service) and notable project designations and First Nations partnership progress. Offsetting items include near‑term revenue declines (net of purchased power) driven by regulatory adjustments and earnings sharing, higher interest and tax expenses, and the fact that much incremental capex is not yet in service (limiting immediate earnings impact). Regulatory and competitive uncertainty and weather‑related operational risks remain notable but manageable based on current commentary.Company Guidance
Earnings Per Share and Net Income Growth
Q4 basic EPS of $0.39 vs $0.33 prior year; full-year EPS $2.23 vs $1.93 in 2024. Net income increased 16.5% in the quarter and 15.8% for the full year, driven by volume growth, OEB‑approved 2025 rates and lower OM&A.
Material Productivity Savings and Customer Rate Relief
Achieved approximately $254 million in productivity savings across capital and operating expenditures. Shared approximately $166 million with customers through reductions in future rates.
Significant Capital Deployment and Assets Placed in Service
Invested ~$3.4 billion in capital for the year (up 9.9% YoY). Placed ~$2.9 billion of assets in service (up 17.8% YoY); Q4 in‑service additions $1.3 billion (up 19.1% YoY). Q4 capex $939 million (up 17.5% YoY).
Major Transmission Project Awards and Development Pipeline
Designated to develop multiple large transmission projects including Bowmanville–GTA (500 kV), Thorold–Welland (230 kV, ~$311M, in service by 2029), Greenstone (230 km, in service 2032) and Barrie–Sudbury (500 kV, in service 2032), expanding backlog from 10 to 14 projects.
First Nations 50-50 Equity Partnership Progress
Chatham–Lakeshore completion with all 5 partner First Nations securing financing and becoming equity partners; model replicable across backlog and supported by diverse capital providers.
Strong Safety and Customer Satisfaction Metrics
Worked 20 consecutive months without a high-energy serious injury/fatality; recordable injury rate 0.68 per 200,000 hours (below world-class benchmark of 1). Customer satisfaction: residential & small business 88%, commercial & industrial 82%, transmission customers 79%.
Sustainable Financing and Balance Sheet Strength
Issued $1.6 billion of medium‑term notes in the quarter and ~$2.7 billion in 2025 under sustainable financing framework. FFO to net debt ratio 14.2% (Dec 31), remaining above credit‑review thresholds.
Workforce & Governance Wins
Collective agreement ratified with the Society of United Professionals (effective Oct 1, 2025–Mar 31, 2028). Recognized as one of Canada's Best Employers for 2026 by Forbes/Statista.
Forward EPS Guidance and Dividend
Expect EPS to grow 6%–8% annually for the rate period (base normalized 2022 EPS $1.61). Board declared dividend of $0.3331 per share payable March 11, 2026.
HRNNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HRNNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 13, 2026 | $41.18 | $41.44 | +0.63% |
Nov 13, 2025 | $37.23 | $37.94 | +1.90% |
Aug 13, 2025 | $36.10 | $36.30 | +0.56% |
May 08, 2025 | $38.09 | $37.12 | -2.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hydro One Limited (HRNNF) report earnings?
Hydro One Limited (HRNNF) is schdueled to report earning on May 01, 2026, Before Open (Confirmed).
What is Hydro One Limited (HRNNF) earnings time?
Hydro One Limited (HRNNF) earnings time is at May 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HRNNF EPS forecast?
HRNNF EPS forecast for the fiscal quarter 2026 (Q1) is 0.44.