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Hydro One Limited (TSE:H)
TSX:H
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0.32Last Year’s EPS
C$0.3Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 0.98%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call for Hydro One highlighted robust growth in electricity demand forecasts, progress in key transmission projects, and recognition for corporate responsibility. Despite financial challenges such as increased interest expenses and higher income tax, the company's achievements and strategic advancements suggest a generally positive outlook.Company Guidance
During the Hydro One Limited Third Quarter 2024 earnings call, the company provided several key metrics and guidance for future operations. Hydro One reported a basic earnings per share of $0.62, up from $0.60 in Q3 2023, driven by a 6% increase in revenue net of purchased power. The company highlighted a 75% increase in electricity demand forecast by the Independent Electric System Operator (IESO) through 2050, emphasizing Hydro One's critical role in meeting this demand through various projects, such as the $1.2 billion Waasigan Transmission Line and the Chatham to Lakeshore Transmission Line expected to be operational by 2024. Furthermore, Hydro One maintained its earnings per share growth guidance of 5% to 7% annually from 2023 to 2027, based on a normalized 2022 EPS of $1.61. The company also discussed ongoing regulatory settlements for transmission partnerships and the impact of recent broadband infrastructure subsidies. The declared dividend of $0.3142 per share demonstrates Hydro One's commitment to returning value to shareholders.Increased Electricity Demand Forecast
The Independent Electric System Operator (IESO) increased its energy demand forecast through to 2050, estimating a 75% increase in electricity demand over the next 25 years, up from the previously forecasted 60%.
Approval for Waasigan Transmission Line
Hydro One received approval for the Environmental Assessment Report for the Waasigan Transmission Line, paving the way for construction activities with an expected investment of $1.2 billion.
Chatham to Lakeshore Transmission Line Progress
The project remains on track for completion by the end of 2024, ahead of schedule and under budget, adding 400 megawatts of clean electricity to the region.
Recognition and Awards
Hydro One was named one of Canada's most responsible companies for 2025 by Newsweek and received the Powerline Safety Award from the Electrical Safety Authority.
Financial Performance
Hydro One delivered basic earnings per share of $0.62, up from $0.60 in the third quarter of 2023. Revenue, net of purchased power, increased year-over-year by 6%.
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TSE:H Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:H Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$43.87 | C$44.15 | +0.64% |
| Aug 14, 2024 | C$43.74 | C$43.80 | +0.14% |
| May 14, 2024 | C$39.78 | C$39.77 | -0.03% |
| Feb 13, 2024 | C$38.77 | C$38.30 | -1.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hydro One Limited (TSE:H) report earnings?
Hydro One Limited (TSE:H) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Hydro One Limited (TSE:H) earnings time?
Hydro One Limited (TSE:H) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:H EPS forecast?
TSE:H EPS forecast for the fiscal quarter 2024 (Q4) is C$0.32.
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