Hydro One (HRNNF) Operating Expenses (2017 - 2026)
Hydro One (HRNNF) posted quarterly Operating Expenses of $128.3 million for Q1 2026, up 12.98% year-over-year from $113.6 million in Q1 2025, and up 2.27% quarter-over-quarter from $125.5 million in Q4 2025.
Hydro One (HRNNF) Operating Expenses (2017 - 2026) Analysis & Trends
Hydro One (HRNNF) has reported Operating Expenses for 10 consecutive years, with $128.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 12.98% year-over-year to $128.3 million; the TTM figure through Mar 2026 stood at $500.8 million (up 9.51% YoY), while the FY2025 annual figure was $4.9 billion, up 2.29% from the prior year.
- Operating Expenses advanced to $128.3 million in Q1 2026 per HRNNF's latest filing, from $125.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $128.3 million in Q1 2026 and bottomed at $92.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $109.6 million across 5 years, with a median of $109.8 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses fell 3.36% — and 2023, when it advanced 14.85%.
- Hydro One's Operating Expenses stood at $94.3 million in 2022, then gained by 14.51% to $108.0 million in 2023, then climbed by 4.75% to $113.1 million in 2024, then advanced by 10.95% to $125.5 million in 2025, then rose by 2.27% to $128.3 million in 2026.
- Business Quant data shows HRNNF's Operating Expenses at $128.3 million in Q1 2026, $125.5 million in Q4 2025, and $125.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 4.15 Bn |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | 2.41 Bn |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 1.63 Bn |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | 1.63 Bn |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 1.54 Bn |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 3.27 Bn |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 3.00 Bn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 3.81 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 128.34 Mn |
| Dec 31, 2025 | 125.49 Mn |
| Sep 30, 2025 | 124.98 Mn |
| Jun 30, 2025 | 121.97 Mn |
| Mar 31, 2025 | 113.60 Mn |
| Dec 31, 2024 | 113.10 Mn |
| Sep 30, 2024 | 115.82 Mn |
| Jun 30, 2024 | 114.79 Mn |
| Mar 31, 2024 | 109.83 Mn |
| Dec 31, 2023 | 107.98 Mn |
| Sep 30, 2023 | 106.67 Mn |
| Jun 30, 2023 | 107.20 Mn |
| Mar 31, 2023 | 100.60 Mn |
| Dec 31, 2022 | 94.30 Mn |
| Sep 30, 2022 | 93.54 Mn |
| Jun 30, 2022 | 93.34 Mn |
| Mar 31, 2022 | 92.37 Mn |
| Dec 31, 2021 | 97.58 Mn |
| Sep 30, 2021 | 93.74 Mn |
| Jun 30, 2021 | 84.61 Mn |