Overview

* Hydro One ( HRNNF ) Q3 revenue increased C$107 mln yr/yr, driven by higher demand and rates

* Basic EPS for Q3 rose to C$0.70 from C$0.62 in 2024

* Company broke ground on St. Clair Transmission Line Project in southwestern Ontario

Outlook

* Company continues to invest in infrastructure to support growing electricity demand in Ontario

* Hydro One ( HRNNF ) plans to allocate proceeds from C$1.1 bln notes to eligible green projects

* Company is addressing aging infrastructure to improve service and connectivity

Result Drivers

* OEB-APPROVED RATES - Higher revenues attributed to Ontario Energy Board-approved transmission and distribution rates

* PEAK DEMAND - Increased average monthly peak demand contributed to revenue growth

* INFRASTRUCTURE INVESTMENT - St. Clair Transmission Line Project supports regional growth and electricity demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$2.30

Revenue bln

Q3 EPS C$0.70

Q3 Net C$421

Income mln

Q3 Basic C$0.70

EPS

Q3 C$0.33

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy."

* Wall Street's median 12-month price target for Hydro One Ltd ( HRNNF ) is C$51.00, about 3.2% below its November 12 closing price of C$52.64

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)