Hydro One Q3 profit up, CEO David Lebeter back after compassionate care leave

Signage for the Hydro One Networks Inc. corporate office is shown in Toronto on Thursday Nov. 14, 2024. THE CANADIAN PRESS/Doug Ives

By The Canadian Press

Posted Nov 13, 2025 09:49:10 AM.

Last Updated Nov 13, 2025 10:01:07 AM.

TORONTO — Hydro One Ltd. reported its third-quarter profit rose compared with a year ago, helped by higher revenue.

The company also said that David Lebeter resumed his role as president and chief executive as of Wednesday.

Lebeter had been on a compassionate care leave since Aug. 25 to care for a family member.

The power utility says its net income attributable to common shareholders totalled $421 million or 70 cents per diluted share for the quarter ended Sept. 30.

The result compared with a profit of $371 million or 62 cents per diluted share in the same quarter last year.

Revenue totalled $2.30 billion, up from $2.19 billion a year earlier.

This report by The Canadian Press was first published Nov. 13, 2025.

Companies in this story: (TSX:H)

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