if the hose has been coiled up hanging, the bottom of each loop act like a P trap, it will not drain … but if you break the seal by loosing the hose at the hydrant the hydrant should drain (but good old hose will or can be frozen unless drained)
We had hydrants set at 42 inches in Kentucky then the great winters of the late 1970s froze the hydrants AND the water lines… gave up moved south.