The earnings call presented a strong financial performance with notable revenue and earnings per share growth. Strategic transmission projects and positive recognitions underscore the company's forward momentum. However, challenges such as the significant costs from the ice storm and increased expenses due to debt and taxes present potential concerns.

Company Guidance

During the call, Hydro One Limited provided guidance on several key metrics. The company reported basic earnings per share of $0.54 for the second quarter of 2025, an increase from $0.49 in the same period last year. Revenue net of purchased power grew by 7%, driven by higher Ontario Energy Board (OEB)-approved rates and increased energy consumption. The company also highlighted a significant investment of $913 million in capital expenditures, marking an 11.6% increase over 2024, primarily due to storm-related asset replacements and the Ontario broadband initiative. Operating maintenance and administration expenses rose by 0.3%, while depreciation, amortization, and asset removal costs increased by 9.5%. Additionally, Hydro One plans to file a joint rate application in fall 2026 for the period beginning January 2028. The company's current guidance anticipates earnings per share growth of 6% to 8% annually through 2027, based on a normalized 2022 EPS of $1.61.

Strong Earnings Performance

Hydro One delivered a basic earnings per share of $0.54, compared to $0.49 in the second quarter of 2024.

Revenue Growth

Second quarter revenues net of purchased power increased year-over-year by 7%.

Transmission and Distribution Revenue Increase

Transmission revenues increased by 6.7% year-over-year, while distribution revenues net of purchased power increased by 7.9%.

Capital Expenditure Increase

Invested $913 million in the second quarter, an increase of 11.6% over 2024.

Recognition and Awards

Hydro One was part of Corporate Knight's annual list of 50 best Corporate citizens in Canada for ten consecutive years, recognized by Forbes for Company Culture, and listed in TIME Magazine's Canadian Best Company for 2025.

Significant Transmission Projects

Several new transmission projects have been announced, including the Barrie to Sudbury Transmission Line and others, providing Hydro One with additional growth opportunities.

Hydro One (TSE:H) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:H Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 07, 2025	2025 (Q3)	0.64 / -	0.62	―	―	―
Aug 13, 2025	2025 (Q2)	0.52 / 0.54	0.49	10.20% (+0.05)	―	―
May 08, 2025	2025 (Q1)	0.54 / 0.60	0.49	22.45% (+0.11)	―	―
Feb 20, 2025	2024 (Q4)	0.31 / 0.33	0.3	10.00% (+0.03)	―	―
Nov 07, 2024	2024 (Q3)	0.59 / 0.62	0.59	5.08% (+0.03)	―	―
Aug 14, 2024	2024 (Q2)	0.48 / 0.49	0.44	11.36% (+0.05)	―	―
May 14, 2024	2024 (Q1)	0.49 / 0.49	0.47	4.26% (+0.02)	―	―
Feb 13, 2024	2023 (Q4)	0.30 / 0.30	0.3	0.00% (0.00)	―	―
Nov 08, 2023	2023 (Q3)	0.56 / 0.59	0.51	15.69% (+0.08)	―	―
Aug 09, 2023	2023 (Q2)	0.42 / 0.44	0.42	4.76% (+0.02)	―	―

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

TSE:H Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	C$50.43	C$50.41	-0.04%
May 08, 2025	C$53.12	C$52.23	-1.68%
Feb 20, 2025	C$44.10	C$43.40	-1.59%
Nov 07, 2024	C$43.29	C$43.57	+0.65%

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 (TSE:H) report earnings?

Hydro One Limited (TSE:H) is schdueled to report earning on Nov 07, 2025, Before Open (Confirmed).

What is Hydro One Limited (TSE:H) earnings time?

Hydro One Limited (TSE:H) earnings time is at Nov 07, 2025, 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 TSE:H EPS forecast?

TSE:H EPS forecast for the fiscal quarter 2025 (Q3) is 0.64.

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