Hydro One’s third-quarter profit falls amid rising costs

Résumé détaillé

Higher revenue partly offsets drop to 68 cents per diluted share from 70 cents a year earlier

Hydro One Ltd. H-T reported its third-quarter profit fell compared with a year ago as it faced higher costs, offset in part by higher revenue.

The power utility says its net income attributable to common shareholders totalled $413-million or 68 cents per diluted share for the quarter ended Sept. 30.

The result compared with a profit of $421-million or 70 cents per diluted share in the third quarter of 2025.

Revenue for the quarter totalled $2.49-billion, up from $2.3-billion in the same quarter last year.

Revenue, net of purchased power, amounted to $1.29-billion, up from $1.22-billion a year earlier.

Hydro One is Ontario’s largest electricity transmission and distribution provider with 1.5 million customers.

Début de l'article, extrait de The Globe and Mail (Report on Business). Pour lire la suite, ouvrez l'article chez le média.