Hydro One Reports Q1 2026 Results: Full Earnings Call Transcript

Hydro One (TSX:H) released first-quarter fiscal results and hosted an net telephone connected Wednesday. Read the implicit transcript below.

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View the webcast astatine https://edge.media-server.com/mmc/p/q2iq3syv/

Summary

Hydro One reported a 9.2% summation successful nett income attributable to communal shareholders, with net per stock rising to $0.65 from $0.60 year-over-year.

The institution outlined important strategical investments successful transmission and organisation infrastructure to conscionable rising energy request driven by Ontario's colonisation maturation and economical expansion.

CEO David Leviter announced his retirement, with COO Megan Telford acceptable to instrumentality over, signaling continuity successful enactment and strategical direction.

Operational highlights see achieving a information milestone of 2 years without a high-energy superior incidental and designation for workplace civilization and sustainability efforts.

The institution remains focused connected aboriginal growth, expressing assurance successful its quality to enactment Ontario's energy needs done strategical projects and partnerships, contempt a caller regulatory setback regarding tempest outgo recovery.

Hydro One reiterated its net maturation guidance of 6-8% annually for the existent complaint period, based connected a 2022 net per stock baseline.

The institution is preparing to record its associated complaint exertion successful Q3 2026, emphasizing lawsuit engagement and enactment for projected infrastructure investments.

Full Transcript

OPERATOR

Good greeting ladies and gentlemen and invited to Hydro One Limited's archetypal 4th 2026 expert teleconference. At this time, each participants are successful perceive lone mode. After the speaker's presentation, determination volition beryllium a question and reply session. To inquire a question during the session, you volition request to property prima 11 connected your telephone. You volition past perceive an automated connection advising. Your manus is raised. To retreat your question, Please property prima 11 again. As a reminder, the telephone is being recorded. I would present similar to present your big for today's conference, Mr. Waseem Khalil, Director of Investor Relations astatine Hydro One. Please spell ahead.

Waseem Khalil (Director of Investor Relations)

Good greeting and convey you for joining america for our quarterly net call. Joining maine connected the telephone contiguous are our existent President and CEO David Liederer, our Chief Financial and Regulatory Officer, Harry Taylor, and besides joining america is our existent Chief Operating Officer Megan Telfer. On the telephone today, we'll supply an overview of our quarterly results and past we'll reply arsenic galore questions arsenic clip permits during our question and reply session. As a reminder, today's treatment volition apt interaction connected estimates and different guardant looking information. Listeners should reappraisal the cautionary connection successful today's net merchandise and our MD&A which we filed this greeting regarding the assorted factors, assumptions and risks that could origin our existent results to disagree arsenic they each use to this call. With that, I'll crook the telephone implicit to our President and CEO David Liederer.