Hydro One demonstrated strong financial performance with significant revenue growth and strategic acquisitions. However, challenges such as storm damage costs and tariff-related uncertainties pose potential risks. The company is actively managing these through strategic initiatives and regulatory applications.

Company Guidance -

Q2 2025

During Hydro One Limited's First Quarter 2025 Analyst Teleconference, the company provided guidance on several key metrics. Hydro One reported a basic earnings per share of $0.60, an increase from $0.49 in the same quarter of the previous year. This growth was attributed to higher revenues net of purchased power, which rose by 11% year-over-year, driven by higher 2025 approved OEB rates and increased average monthly transmission peak demand. The company also highlighted a significant increase in assets placed in service, totaling $423 million, up 76.3% from the previous year. Additionally, Hydro One noted a 9.2% increase in capital expenditures, reaching $735 million, with investments in both transmission and distribution segments. The guidance also mentioned the impact of the severe ice storm on costs and the intention to apply for cost recovery through a Z-factor application with the Ontario Energy Board. Hydro One reiterated its expectation for earnings per share growth between 6% and 8% annually through 2027, based on a 2022 normalized base of $1.61. The company also declared a quarterly dividend of $0.3331 per share.

Increased Earnings Per Share

Hydro One reported an EPS of $0.60 for Q1 2025, up from $0.49 in Q1 2024, driven by higher revenues and demand.

Revenue Growth

Revenues net of purchased power increased by 11% year-over-year, with transmission revenues up by 15% and distribution revenues up by 6.3%.

Significant Investments in Infrastructure

The company placed $423 million of assets in service during Q1 2025, a 76.3% increase compared to the prior year.

Successful Acquisition

Completed the acquisition of a 48% interest in the East-West Tie Transmission Line, immediately accretive to earnings.

Safety and Sustainability Recognitions

Received the Public Electrical Safety Excellence Award and the Sustainability Excellence Award for sustainable financing initiatives.

Tentative Agreement with Power Workers' Union

Reached tentative agreements covering frontline and customer-facing roles, ensuring stability in labor relations.

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

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TSE:H Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 13, 2025	2025 (Q2)	0.51 / -	0.49	―	―	―
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)	―	―
May 05, 2023	2023 (Q1)	0.48 / 0.47	0.52	-9.62% (-0.05)	―	―

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 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%
Aug 14, 2024	C$43.16	C$43.21	+0.12%

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 13, 2025, Before Open (Confirmed).

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

Hydro One Limited (TSE:H) earnings time is at Aug 13, 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 (Q2) is 0.51.

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