Hydro One Limited

Hydro One Limited

HRNNF
Hydro One LimitedUS flagOther OTC
40.40
USD
-0.35
- -
24.23BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.21
13.7
13.17
11.01
10.06
10.32
10.86
12.2
12.08
13
13.1
14.16
15.08
15.47
Basic EPS, GAAP
1.35
1.53
1.39
1.21
1.11
-0.15
1.3
2.96
1.61
1.75
1.81
1.93
2.23
2.29
Free Cash Flow per Basic Share
2.36
2.63
-2.51
2.78
2.88
2.64
2.71
3.4
3.59
3.78
4.03
4.23
4.49
4.3
Dividend per Share
0.37
0.6
1.79
1
0.9
0.94
0.99
1.03
1.05
1.11
1.17
1.24
1.31
1.33
Book Value per Share
11.93
15.83
19
16.09
16.33
15.28
15.64
17.6
18.16
18.81
19.45
20.14
21.06
21.38
Tangible Book Value per Share
11.17
15.02
18.15
15.12
15.36
14.25
14.54
16.31
16.78
17.39
17.92
18.59
19.53
19.92
Basic Weighted Avg Shares
595
478
496
595
595
596
596
597
598
599
599
599
600
600
Sales/Revenue/Turnover
6,074
6,548
6,538
6,552
5,990
6,150
6,480
7,290
7,225
7,780
7,844
8,484
9,041
9,281
Operating Margin (%)
22.51
20.14
19.94
21.18
22.47
23.11
22.16
22.03
24.21
26.21
25.32
25.04
26.39
25.95
Depreciation Expense
581
618
649
668
703
725
752
760
785
798
852
909
963
980
Net Income, GAAP
803
749
703
740
676
-71
796
1,788
965
1,050
1,085
1,156
1,339
1,372
Effective Tax Rate (%)
11.95
10.65
12.84
15.71
14
107.65
- -
- -
15.46
21.4
13.99
13.45
13.97
12.2
Profit Margin (%)
13.22
11.44
10.75
11.29
11.29
-1.15
12.28
24.53
13.36
13.5
13.83
13.63
14.81
14.78
Working Capital
67
-265
-1,831
-1,015
-1,721
-1,537
-1,819
-990
-1,152
-1,792
-1,366
-1,384
-1,416
-1,475
LT Debt
8,301
8,373
8,207
10,078
9,802
10,467
10,891
12,796
13,063
13,073
14,747
16,370
18,121
18,119
Total Equity
7,415
7,947
9,924
10,089
10,253
9,643
9,869
10,628
10,976
11,392
11,765
12,173
12,746
12,964
Return on Invested Capital (%)
7.57
7.08
6.17
5.67
5.4
-0.5
- -
- -
5.83
6.13
6.32
6.4
6.64
6.79
Return on Capital (%)
7.06
6.55
5.47
5.1
4.82
-0.52
- -
- -
5.28
5.43
5.79
5.9
6.18
6.3
Return on Common Equity (%)
11.79
9.97
8.12
7.59
6.82
-0.95
8.44
17.84
9.03
9.49
9.47
9.74
10.84
10.95

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,272
1,039
1,038
LT Borrowings
16,500
18,092
18,093
LT Finance Leases
30
29
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
600
600
600
Market Capitalization
29,499
32,651
34,364

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,865
2,174
1,707
Cash, Cash Equivalents & STI
412
549
37
Accounts Receivable, Net
543
467
552
Inventories
30
31
29
Total Current Liabilities
4,194
3,590
3,182
Payables & Accruals
1,593
1,997
1,646
ST Debt
2,272
1,039
1,038
Deferred Revenue
295
313
322

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.59%
3.7%
4.71%
Free Cash Flow
-17.99%
5.83%
6.35%
Net Income, GAAP
-122.19%
-2.3%
15.83%
Sales/Revenue/Turnover
3.45%
4.47%
6.57%
Total Cash Common Dividend
-0.12%
5.64%
6.06%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,166
2,031
2,192
2,095
8,484
2025
2,408
2,066
2,299
2,268
9,041
2026
2,648
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.49
0.62
- -
1.93
2025
0.6
0.55
0.7
- -
2.23
2026
0.65
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
0.31
0.32
- -
1.24
2025
0.31
0.33
0.33
- -
1.31
2026
0.33
- -
- -
- -
- -

Company Description

APIChat
CEO
David Lebeter
Full Time Employees
7,261
Sector
Utilities
Industry
Regulated Electric
Address
South Tower Toronto ON Canada M5G 2P5
IPO Date
Nov 6, 2015
Business
Hydro One Limited operates as a prominent electricity transmission and distribution utility primarily in Ontario, Canada. The company provides regulated transmission services including owning and operating approximately 30,000 circuit kilometers of high-voltage transmission lines, and distribution services delivering electricity to nearly 1.5 million customers. Hydro One’s core products and services include electricity transmission, distribution, and related energy infrastructure solutions. The company also offers operational and maintenance services within its segments categorized as Transmission, Distribution, and Other. Founded in 1999 and headquartered in Toronto, Ontario, Hydro One holds significant assets of approximately CAD 36.7 billion and generates annual revenues exceeding CAD 8 billion. It serves a broad customer base across Ontario, supporting the province's electricity needs with a focus on reliability and modernization of the grid. Recent major changes include Hydro One’s completion of the acquisition of a 48 percent interest in the East-West Tie Limited Partnership in March 2025, expanding its transmission footprint in northern Ontario. This 230-kilovolt, 450-kilometer double-circuit transmission line connects Wawa and Thunder Bay, enhancing the company’s regulated transmission assets. The acquisition, valued at around CAD 261 million, was made through Hydro One Networks Inc., its wholly-owned subsidiary. Additionally, Hydro One reported significant capital investments totaling over CAD 3 billion in 2024 aimed at modernizing and expanding its transmission and distribution networks to meet increasing energy demands and support Ontario’s transition to cleaner energy. The company also focuses on sustainability, exhibiting leadership in environmental, social, and governance (ESG) commitments, including exceeding its Indigenous business procurement targets ahead of schedule. Hydro One operates in the regulated utilities industry, targeting mainly residential, commercial, and industrial electricity consumers throughout Ontario. The company’s growth strategy emphasizes expanding and modernizing the electricity grid, fostering partnerships, and enhancing customer service. Its subsidiaries include Hydro One Networks Inc., which manages operational transmission and distribution activities. The Ontario government is a significant shareholder, holding approximately 47.4 percent ownership, alongside other institutional investors. Hydro One continues to balance commercial objectives with public service mandates, positioning itself as a critical infrastructure provider in Ontario’s electricity sector. This description reflects the most recent financial and operational developments reported through 2025, including the strategic acquisition in northern Ontario and sustained infrastructure investments underpinning Hydro One’s role as a leader in the province's electricity transmission and distribution market.

Company News

APIChat
  • Hydro One seeks approval from the Ontario Energy Board to build the Orléans Area Reinforcement Project

  • Hydro One Inc. announces pricing of inaugural offering of US$ 1.0 billion of 5-year senior notes

  • Hydro One seeks approval from the Ontario Energy Board to build the Northeast Power Line and the Longwood to Lakeshore Transmission Line

  • Hydro One Q1 Earnings Call Highlights

  • Hydro One Limited (H:CA) Q1 2026 Earnings Call Transcript

  • Hydro One reports first quarter results

  • Hydro One Limited Declares Quarterly Common Share Dividend

  • Hydro One highlights safety performance, Indigenous procurement and partnerships in its 2025 Sustainability Report

  • Ontario designates Hydro One to invest in the Red Lake Transmission Line

  • Hydro One to Release First Quarter 2026 Results on May 13, 2026 Before Markets Open

  • Hydro One (OTCMKTS:HRNNF) Trading Up 0.3% – Time to Buy?

  • Hydro One receives regulatory decision regarding its 2026 Annual Update application

  • Hydro One Limited (OTCMKTS:HRNNF) Given Average Recommendation of “Hold” by Brokerages

  • Hydro One Limited appoints Megan Telford as President and CEO following David Lebeter's retirement on June 9, 2026

  • Hydro One Limited (OTCMKTS:HRNNF) Receives Average Recommendation of “Hold” from Analysts

  • Head-To-Head Review: Hydro One (OTCMKTS:HRNNF) vs. Emera (OTCMKTS:EMRAF)

  • Government of Ontario nominee appointed to the Board of Directors of Hydro One Limited

  • Hydro One Limited (H:CA) Q4 2025 Earnings Call Transcript

  • Hydro One Reports Fourth Quarter Results

  • Hydro One Limited Declares Quarterly Common Share Dividend