First quarter of 2025
Net income and investments increased more than 25% in the first quarter of 2025
Hydro‑Québec reported net income of $2,056 million for the first quarter of 2025, up $480 million compared to the same period in 2024.
Financial highlights of the first three months
-
Sharp rise in sales volume in Québec
- Winter 2024–2025 recorded temperatures three degrees Celsius lower than last year, leading to higher electricity use
-
Strong growth in revenues on external markets
- Favourable weather conditions: Increase in market prices
- Average price obtained by Hydro‑Québec: 16.2¢/kWh in 2025 compared to 10.6¢/kWh in 2024
- Favourable weather conditions: Increase in market prices
-
Increase in electricity purchases
- Increased short‑term purchases on the markets to meet Québec’s ad hoc requirements due to cold winter temperatures
- Higher purchase prices for export activities
-
Action Plan 2035: Sustained growth in investments and financing
activities
- Increase of more than 25% in investments compared to 2024, and 60% compared to
2023
- Investments of more than $1.4 billion in three months, mainly to ensure asset sustainment and quality service
- Financing activities that raised $1.7 billion in the first quarter
- Increase of more than 25% in investments compared to 2024, and 60% compared to
2023
Earlier quarterly publications
- 2024 − Third quarter [PDF 496 kB]
- 2024 − Second quarter [PDF 413 kB]
- 2024 − First quarter [PDF 385 kB]
- 2023 − Third quarter [PDF 1 MB]
- 2023 − Second quarter [PDF 1.08 MB]
- 2023 − First quarter [PDF 818 kB]
- 2022 − Third quarter [PDF 776 kB]
- 2022 − Second quarter [PDF 919 kB]
- 2022 − First quarter [PDF 657 kB]
- 2021 − Third quarter [PDF 783 kB]
- 2021 − Second quarter [PDF 821 kB]
- 2021 − First quarter [PDF 521 kB]
- 2020 − Quarterly Report − Third quarter [PDF 305 kB]
- 2020 − Quarterly Report − Second quarter [PDF 188 kB]
- 2020 − Quarterly Report − First quarter [PDF 241 kB]
- 2019 − Quarterly Report − Third quarter [PDF 854 kB]
- 2019 − Quarterly Report − Second quarter [PDF 274 kB]
- 2019 − Quarterly Report − First quarter [PDF 154 kB]
- 2018 − Quarterly Report − Third quarter [PDF 320 kB]
- 2018 − Quarterly Report − Second quarter [PDF 253 kB]
- 2018 − Quarterly Report − First quarter [PDF 272 kB]
- 2017 − Quarterly Report − Third quarter [PDF 210 kB]
- 2017 − Quarterly Report − Second quarter [PDF 182 kB]
- 2017 − Quarterly Report − First quarter [PDF 173 kB]
- 2016 − Quarterly Report − Third quarter [PDF 180 kB]
- 2016 − Quarterly Report − Second quarter [PDF 185 kB]
- 2016 − Quarterly Report − First quarter [PDF 166 kB]
- 2015 − Quarterly Report − Third quarter [PDF 343 kB]
- 2015 − Quarterly Report − Second quarter [PDF 310 kB]
- 2015 − Quarterly Report − First quarter [PDF 282 kB]
- 2014 − Quarterly Report − Third quarter [PDF 149 kB]
- 2014 − Quarterly Report − Second quarter [PDF 153 kB]
- 2014 − Quarterly Report − First quarter [PDF 143 kB]
- 2013 − Quarterly Report − Third quarter [PDF 153 kB]
- 2013 − Quarterly Report − Second quarter [PDF 401 kB]
- 2013 − Quarterly Report − First quarter [PDF 628 kB]