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Hydro One Earnings Calls
| Release date | May 13, 2026 |
| EPS estimate | $0.462 |
| EPS actual | $0.470 |
| EPS Surprise | 1.75% |
| Revenue estimate | 1.788B |
| Revenue actual | 1.904B |
| Revenue Surprise | 6.45% |
| Release date | Feb 13, 2026 |
| EPS estimate | $0.268 |
| EPS actual | $0.280 |
| EPS Surprise | 4.56% |
| Revenue estimate | 1.627B |
| Revenue actual | 1.652B |
| Revenue Surprise | 1.48% |
| Release date | Nov 13, 2025 |
| EPS estimate | $0.476 |
| EPS actual | $0.510 |
| EPS Surprise | 7.12% |
| Revenue estimate | 2.129B |
| Revenue actual | 1.184B |
| Revenue Surprise | -44.42% |
| Release date | Aug 13, 2025 |
| EPS estimate | $0.379 |
| EPS actual | $0.400 |
| EPS Surprise | 5.52% |
| Revenue estimate | 1.546B |
| Revenue actual | 1.516B |
| Revenue Surprise | -1.89% |
Last 4 Quarters for Hydro One
Below you can see how HRNNF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 13, 2025 |
| Price on release | $36.78 |
| EPS estimate | $0.379 |
| EPS actual | $0.400 |
| EPS surprise | 5.52% |
| Date | Price |
|---|---|
| Aug 07, 2025 | $36.35 |
| Aug 08, 2025 | $37.01 |
| Aug 11, 2025 | $37.11 |
| Aug 12, 2025 | $37.11 |
| Aug 13, 2025 | $36.78 |
| Aug 14, 2025 | $36.76 |
| Aug 15, 2025 | $36.76 |
| Aug 18, 2025 | $36.87 |
| Aug 19, 2025 | $36.52 |
| 4 days before | 1.18% |
| 4 days after | -0.696% |
| On release day | -0.0544% |
| Change in period | 0.479% |
| Release date | Nov 13, 2025 |
| Price on release | $38.18 |
| EPS estimate | $0.476 |
| EPS actual | $0.510 |
| EPS surprise | 7.12% |
| Date | Price |
|---|---|
| Nov 07, 2025 | $36.84 |
| Nov 10, 2025 | $36.89 |
| Nov 11, 2025 | $36.96 |
| Nov 12, 2025 | $37.34 |
| Nov 13, 2025 | $38.18 |
| Nov 14, 2025 | $38.38 |
| Nov 17, 2025 | $38.25 |
| Nov 18, 2025 | $38.48 |
| Nov 19, 2025 | $38.48 |
| 4 days before | 3.65% |
| 4 days after | 0.786% |
| On release day | 0.524% |
| Change in period | 4.46% |
| Release date | Feb 13, 2026 |
| Price on release | $41.30 |
| EPS estimate | $0.268 |
| EPS actual | $0.280 |
| EPS surprise | 4.56% |
| Date | Price |
|---|---|
| Feb 09, 2026 | $39.82 |
| Feb 10, 2026 | $40.45 |
| Feb 11, 2026 | $40.45 |
| Feb 12, 2026 | $41.18 |
| Feb 13, 2026 | $41.30 |
| Feb 17, 2026 | $42.02 |
| Feb 18, 2026 | $41.48 |
| Feb 19, 2026 | $41.48 |
| Feb 20, 2026 | $41.37 |
| 4 days before | 3.72% |
| 4 days after | 0.169% |
| On release day | 1.74% |
| Change in period | 3.90% |
| Release date | May 13, 2026 |
| Price on release | $42.88 |
| EPS estimate | $0.462 |
| EPS actual | $0.470 |
| EPS surprise | 1.75% |
| Date | Price |
|---|---|
| May 07, 2026 | $42.85 |
| May 08, 2026 | $43.01 |
| May 11, 2026 | $43.30 |
| May 12, 2026 | $43.27 |
| May 13, 2026 | $42.88 |
| May 14, 2026 | $42.88 |
| May 15, 2026 | $41.74 |
| May 18, 2026 | $42.17 |
| May 19, 2026 | $42.17 |
| 4 days before | 0.0700% |
| 4 days after | -1.66% |
| On release day | 0% |
| Change in period | -1.59% |
Hydro One Earnings Call Transcript Summary of Q1 2026
Hydro One reported Q1 2026 basic EPS of $0.65, up from $0.60 a year ago, with net income attributable to common shareholders up 9.2% year-over-year. Revenue (net of purchased power) rose 3% driven by higher transmission peak demand and 2026 OEB-approved rates; distribution revenue rose modestly from customer growth. OM&A declined slightly, while depreciation and interest expense increased due to asset growth and higher long-term debt. Capex was $715 million in the quarter (down 2.7% YoY) with $484 million placed in service (up 14.4% YoY). Key operational highlights include designation to develop multiple transmission projects (Greenstone, Sudbury–Barrie, Red Lake), 15 transmission lines under development/ construction, the First Nations 50-50 equity partnership model, progress on broadband and AMI 2.0 investments, and strong labour relations (new collective agreements and tentative CU agreement). Safety milestones and external awards were noted. The company filed a Z-Factor for ice-storm costs but the OEB denied recovery of $69 million; management says this does not change their JRAP plans. Hydro One intends to file its joint rate application (JRAP) on or before October 1, 2026 and remains on track with EPS growth guidance of 6–8% annually for the rate period (using normalized 2022 EPS of $1.61). Balance sheet and credit metrics remain strong (FFO to net debt 13.9% at March 31, 2026). The Board declared a quarterly dividend of $0.3531 per share payable June 10, 2026. Leadership transition: CEO David Lebeter will retire June 9, 2026 and COO Megan Telford will succeed him as President & CEO.
