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Earnings Call Summary | HYDRO ONE LTD(HRNNF.US) Q1 2024 Earnings Conference

Earnings Call Summary | HYDRO ONE LTD(HRNNF.US) Q1 2024 Earnings Conference

業績電話會議摘要 | HYDRO ONE LTD (HRNNF.US) 2024 年第一季度業績發佈會
富途資訊 ·  05/15 04:04  · 電話會議

The following is a summary of the Hydro One Limited (HRNNF) Q1 2024 Earnings Call Transcript:

以下是Hydro One Limited(HRNNF)2024年第一季度業績電話會議記錄的摘要:

Financial Performance:

財務業績:

  • Hydro One reported Q1 2024 basic earnings per share of $0.49, a slight increase from $0.47 in Q1 2023 due to increased revenues and OEB approved rates.

  • Financing charges increased by 8.8% YoY due to a higher average interest rate and total volume of long-term debt.

  • Q1 revenue increased by 0.6% YoY, with a decrease in the transmission segment revenues by 0.4%, but a growth in distribution segment revenues by 2%.

  • The company saw a reduction in operating, maintenance and administration expenses by 1.8% YoY.

  • Hydro One has reaffirmed its EPS growth target of 5% -7% through 2027.

  • Hydro One公佈的2024年第一季度基本每股收益爲0.49美元,較2023年第一季度的0.47美元略有增加,這要歸因於收入的增加和OEB批准的利率。

  • 由於平均利率和長期債務總量的提高,融資費用同比增長8.8%。

  • 第一季度收入同比增長0.6%,輸電板塊收入下降0.4%,但分銷板塊收入增長了2%。

  • 該公司的運營、維護和管理費用同比減少了1.8%。

  • Hydro One重申了其到2027年每股收益增長5%-7%的目標。

Business Progress:

業務進展:

  • Hydro One is actively improving its customer service approach and exploring regulated and unregulated growth opportunities.

  • The executive team is diversified, with new additions and an upcoming CFO announcement.

  • Hydro One received approval for the $1.2 billion Waasigan Transmission Line project and Chapleau Hydro acquisition, expected to be integrated by year's end.

  • The company is exploring collaborations for high-speed internet delivery, expected to boost its rate base.

  • Focused on Ontario's growth, Hydro One is investing in transmission lines and distribution sector.

  • Hydro One is adequately prepared for the upcoming wildfire season, with measures taken to improve its wildfire capability and grid maintenance.

  • The company plans to streamline home-building processes and grid connectivity in view of federal housing targets.

  • A collaboration with the IESO has resulted in an integrated planning structure to cater to the power needs of expanding housing sectors.

  • Hydro One正在積極改善其客戶服務方式,並探索受監管和不受監管的增長機會。

  • 高管團隊是多元化的,新增了新成員,即將發佈首席財務官公告。

  • Hydro One獲得了耗資12億美元的瓦西根輸電線項目和Chapleau Hydro的收購的批准,預計將在年底之前整合。

  • 該公司正在探索高速互聯網交付方面的合作,預計這將提高其費率基礎。

  • 專注於安大略省的增長,Hydro One正在投資輸電線路和配電行業。

  • Hydro One已爲即將到來的野火季節做好了充分的準備,並已採取措施提高其野火能力和電網維護。

  • 鑑於聯邦住房目標,該公司計劃簡化房屋建築流程和電網連接。

  • 與IESO的合作形成了綜合規劃結構,以滿足不斷擴大的住房部門的電力需求。

More details: HYDRO ONE LTD IR

更多詳情: HYDRO ONE LTD

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