Hydro One Limited (TSE:H)
TSX:H
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.55Last Year’s EPS
0.54Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple operational and financial strengths — EPS and net income growth, revenue increases, strong balance sheet metrics, sizable project awards and broad customer support for the upcoming joint rate application. Recognized safety and cultural achievements and an experienced succession plan further support stability. Key negatives were the OEB’s denial of $69 million in storm-cost recovery, higher interest and certain cost pressures, and regulatory/timing uncertainty around recovery mechanisms and future approvals. On balance, the positives (growth pipeline, financial performance, customer backing and credit strength) materially outweigh the cited challenges, though regulatory risk remains a watch item.Company Guidance
Earnings and Net Income Growth
Basic EPS of $0.65 in Q1 2026 versus $0.60 in Q1 2025 (≈+8.3%). Net income attributable to common shareholders increased 9.2% year-over-year, driven by higher volumes, higher OEB-approved 2026 rates and higher average monthly peak transmission demand.
Revenue Growth
First quarter revenue (net of purchased power) increased 3.0% year-over-year. Transmission revenues rose 4.4% (partly from a 0.8% increase in average monthly 1-hour peak demand and higher 2026 rates), and distribution revenues (net of purchased power) increased 0.9% driven by a 0.9% increase in customer count.
Strong Balance Sheet and Credit Metrics
FFO to net debt was 13.9% as of March 31, 2026, described as well above rating agency thresholds. Management states the balance sheet and creditworthiness remain excellent.
Capital Deployment and In-Service Additions
Invested $715 million in Q1 (a 2.7% decrease YoY). Assets placed in service totaled $484 million, up 14.4% YoY — transmission in-service additions rose 39% YoY (driven by high-voltage underground cable replacement and station refurbishments).
Dividend Declared
Board declared a common dividend of $0.3531 per share payable June 10, 2026.
Project Awards and Visible Growth Pipeline
Designated to develop several major transmission projects (Greenstone, Sudbury–Barrie and Red Lake) — bringing the inventory to 15 transmission lines under development/construction and positioning Hydro One with a strong, visible growth profile into the next regulatory period.
Customer Engagement and Support for JRAP
Extensive customer engagement (over 100,000 customers). Management reports a strong majority (over two-thirds across segments) support the JRAP proposals for reliability, resilience and growth — providing confidence for the upcoming rate application filing.
Operational & Culture Recognition
Safety milestone: employees worked 2 years without a high-energy serious incident and maintain top-quartile low recordable injury frequency. Corporate recognition includes Excellent Workplace Culture Award, Electrical Distributors Association Sustainability Excellence Award, and inclusion in Globe and Mail's Women Lead Here benchmark.
TSE:H 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
TSE:H Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | C$59.15 | C$58.77 | -0.64% |
Feb 13, 2026 | C$55.66 | C$56.15 | +0.87% |
Nov 13, 2025 | C$52.01 | C$52.73 | +1.39% |
Aug 13, 2025 | C$49.49 | C$49.47 | -0.04% |
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 Aug 11, 2026, Before Open (Confirmed).
What is Hydro One Limited (TSE:H) earnings time?
Hydro One Limited (TSE:H) earnings time is at Aug 11, 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 TSE:H EPS forecast?
TSE:H EPS forecast for the fiscal quarter 2026 (Q2) is 0.55.