Hydro One Limited reported Q3 2025 results showing basic earnings per share of CAD 0.70, rising from CAD 0.62 in Q3 2024. The increase was driven by higher revenue supported by Ontario Energy Board approved transmission and distribution rates and stronger average monthly peak demand.
Infrastructure expansion advanced with the groundbreaking of the CAD 471.9 million St. Clair Transmission Line Project in southwestern Ontario, a project designed to support economic growth and expand electric vehicle manufacturing capacity. Hydro One is partnering with First Nations through a 50 % equity stake in the transmission line component.
The company declared a quarterly cash dividend payable on December 31 2025. Hydro One continued to strengthen its balance sheet through a CAD 1.1 billion offering of medium term notes issued under its sustainability financing framework.
On a year over year basis, net income attributable to common shareholders reached CAD 421 million, up from CAD 371 million in Q3 2024.
#Investor Takeaway
The quarter reflects steady regulated growth supported by rising demand and continued investment in essential infrastructure.
#Market Impact
The improved earnings profile may lift investor confidence and provide support for Hydro One shares. The company’s sustainability financing activity and First Nations partnerships can also increase appeal among investors focused on social and environmental considerations.
#What’s Next
Investors should watch for the upcoming teleconference on November 13 2025 for updates on financial performance, capital plans, and progress on major projects.