Earnings ·
Hydro One Limited reported second quarter 2026 net income of $370 million CAD, or $0.62 basic EPS, up from $327…
HRNNFHydro One Ltd
Hydro One Limited reported second quarter 2026 net income of $370 million CAD, or $0.62 basic EPS, up from $327 million and $0.54 in the prior year period. Revenues increased to $2,302 million, driven by Ontario Energy Board-approved rates and higher peak demand. The company executed an inaugural US$1.0 billion debt offering and declared a quarterly cash dividend of $0.3531 per share payable September 29, 2026. Megan Telford assumed the role of President and CEO following David Lebeter’s retirement on June 9, 2026. Hydro One filed leave-to-construct applications for several transmission projects, including the Red Lake Transmission Line. The company operates in the electricity transmission and distribution industry.