Third quarter 2020

Quarterly net income nearly equal to last year’s despite the pandemic

Hydro-Québec’s financial results stabilized in the third quarter with the resumption of most economic activities in Québec and in neighboring markets. The company posted net income of $203 million for the third quarter of 2020, an amount almost equal to the $205 million recorded a year earlier.

That said, the current crisis has had significant repercussions on the company’s results since the beginning of the year. Consequently, Hydro-Québec’s net income for the first three quarters is down $435 million compared to the corresponding period of 2019.