The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

H.TO

Concerning the House

Hydro One Limited operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 126,000 circuit kilometers primary low-voltage distribution lines. It provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. It serves residential, small business, commercial, and industrial customers, as well as municipal utilities. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

Canada · www.hydroone.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$2.41B$2.07B$2.30B$2.27B
Gross profit$856.00M$847.00M$923.00M$723.00M
Operating income$624.00M$615.00M$680.00M$467.00M
Net income$358.00M$327.00M$421.00M$233.00M
Diluted EPS0.600.540.70
Free cash flow-$133.00M-$189.00M-$70.00M$37.00M
CapEx-$643.00M-$794.00M-$783.00M-$830.00M
Quotation

$56.45

-0.30 (-0.5%)

52w hi$60.19
52w lo$47.38
Vol1.45M
As ofAug 13
The Verdict

Hold

Our score -0.40

Short-0.43
Medium-0.47
Long-0.19

computed 2026-08-13

By the Numbers

Hydro One Limited

Utilities · Utilities - Regulated Electric

Market cap$33.88B
Enterprise value$53.63B
Trailing P/E23.92x
Forward P/E23.60x
EV / EBITDA16.13x
P / S (ttm)3.56x
Profit margin14.9%
Return on equity11.1%
Revenue growth+11.4%
Earnings growth+14.2%
Debt / equity153.16
Risk Metrics
Beta vs SPX-0.10
Corr SPX-0.11
Annual vol14.6%
Annual ret+14.1%
Sharpe0.97
Max DD-10.2%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.26
Sector-0.01
Technical+0.00
Earnings+0.00
Sentiment-0.46

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$57.14$57.66$56.33$56.451.45M
Aug 12$56.69$57.38$55.87$56.751.33M
Aug 11$54.92$56.21$54.901.79M
Aug 10$56.63$56.70$54.80$54.831.91M
Aug 7$56.43$56.60$56.00$56.541.18M