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Research Alert: Hydro One: Q1 Eps Advances 8.3% On Rate Increases, Higher Demand

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Hydro One reported EPS of CAD0.65, up 8.3% from CAD0.60 in the prior year, with net income rising 9.2% to CAD391M. Total revenues increased 10.0% to CAD2,648M, while revenues net of purchased power grew 3.0% to CAD1,224M. The company secured three transmission line projects: Greenstone, Sudbury-to-Barrie, and Red Lake lines, all expected in-service in the early 2030s. COO Megan Telford was appointed as President and CEO effective June 2026. Transmission revenues advanced 4.4% to CAD664M on OEB-approved rates and higher peak demand, while distribution revenues climbed 11.9% to CAD1,970M. The company invested CAD715M in capital during the quarter, including CAD431M in transmission and CAD282M in distribution, with CAD484M in new assets placed in-service. OM&A costs declined 0.9% to CAD329M, demonstrating effective cost management. A quarterly dividend of CAD0.35 per share was declared, reflecting strong operational performance.

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