Hydro One To Release Fourth Quarter 2024 Results on February 20, 2025 Before Markets Open

Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, is set to release its fourth quarter 2024 financial results on February 20, 2025, before North American financial markets open. The company's management will host a teleconference with the investment community starting at 8 a.m. ET that same morning to discuss the results and outlook.

Hydro One's fourth quarter results are expected to provide insights into the company's performance during the final quarter of 2024. Investors and analysts will be closely watching key financial metrics such as revenue, earnings per share (EPS), net income, operating margin (OM), capital expenditures (CapEx), free cash flow (FCF), and dividend payout.

In the first quarter of 2024, Hydro One reported net income attributable to common shareholders of $293 million, compared to $282 million in the same period of 2023. This resulted in EPS of $0.49, compared to EPS of $0.47 in the prior year. Revenues for the first quarter were $2,166 million, which was $92 million higher than revenues for the first quarter of 2023. The company's capital investments and in-service additions for the quarter were $673 million and $240 million, respectively, compared to $499 million and $237 million in 2023.



Looking ahead, Hydro One is expected to continue its growth trajectory, driven by factors such as increased demand for electricity, investments in transmission and distribution networks, and strategic acquisitions. The company's capital investments and in-service additions for the quarter were $673 million and $240 million, respectively, compared to $499 million and $237 million in 2023. This indicates a significant increase in capital expenditure, which is expected to contribute to future growth.

However, it is essential to monitor the company's performance and any potential risks or challenges that may arise in the coming quarters. Factors such as regulatory changes, weather-related events, and geopolitical instability can impact Hydro One's operations and financial performance.



In conclusion, Hydro One's fourth quarter 2024 results will provide valuable insights into the company's performance and growth prospects. Investors and analysts should closely monitor the key financial metrics and the company's outlook to make informed investment decisions.