Hydro One Earnings: 2028-32 JRAP Could Accelerate Growth Beyond 2028
Hydro One reported third-quarter earnings per share of CAD 0.69, down from CAD 0.70 in the same year-ago period.
Hydro One Ltd H
Bulls Say, Bears Say
Bulls
Hydro One's regulated transmission and distribution assets provide cash flow clarity.
Bears
Hydro One faces significant political risk, given the province of Ontario's 47% ownership stake.
News
Hydro One reports third quarter results
Hydro One to Release Third Quarter 2026 Results on November 10, 2026 Before Markets Open
Hydro One submits five-year investment plan to the Ontario Energy Board to support reliability, security and growth
Hydro One seeks approval from the Ontario Energy Board to build the North Shore Link
Hydro One Selected to Build New Transmission Line in Northern Ontario
Trading Information
- Previous Close Price
- CA$57.08
- Day Range
- CA$56.96–57.79
- 52-Week Range
- CA$50.14–60.57
- Bid/Ask
- CA$57.00 / CA$57.92
- Shares Outstanding
- 600.10M
- Market Cap
- CA$34.34B
- Volume/Avg
- 1M / 2M
Key Statistics
- Price/Earnings (Normalized)
- 24.46
- Price/Sales
- 3.54
- Dividend Yield (Trailing)
- 2.40%
- Dividend Yield (Forward)
- 2.47%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 2.40%
Company Profile
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Stock Style Box
- Mid Core
- Total Number of Employees
- 9,100
- Website
- https://www.hydroone.com
Competitors
Valuation
Metric | H | EMA | EIX |
|---|---|---|---|
Price/Earnings (Normalized) | 24.46 | 21.14 | 9.05 |
Price/Book Value | 2.60 | 1.74 | 1.30 |
Price/Sales | 3.54 | 2.53 | 1.25 |
Price/Cash Flow | 12.57 | 8.26 | 3.33 |
Price/Earnings
H
EMA
EIX
Financial Strength
Metric | H | EMA | EIX |
|---|---|---|---|
Quick Ratio | 0.64 | 0.34 | 0.39 |
Current Ratio | 0.69 | 0.73 | 0.77 |
Interest Coverage | 3.25 | 2.02 | 3.37 |
Quick Ratio
H
EMA
EIX
Profitability
Metric | H | EMA | EIX |
|---|---|---|---|
Return on Assets (Normalized) | 3.81% | 2.30% | 2.75% |
Return on Equity (Normalized) | 11.92% | 8.41% | 15.26% |
Return on Invested Capital (Normalized) | 6.62% | 5.54% | 6.54% |
Return on Assets
H
EMA
EIX
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