Avangrid

Avangrid, Inc. engages in the energy transmission and gas distribution. It operates through the following segments: Networks, Renewables, and Other. The Networks segment includes energy transmission and distribution, electric transmission, and gas distribution activities. The Renewables segment relates to renewable energy, mainly wind energy generation and trading related to such activities. The Other segment covers miscellaneous corporate revenues including intersegment eliminations. The company was founded in 1852 and is headquartered in Orange, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Avangrid reports robust Q4 earnings, eyes growth amid challenges

Avangrid's Q4 2022 earnings call highlighted strong financial performance, strategic investments in clean energy, and positive outlook for 2023. Challenges in Networks earnings and ongoing negotiations pose potential impacts on future financial results.

Avangrid reports solid Q1 results, affirms 2023 earnings outlook

Avangrid's Q1 performance driven by strategic initiatives in networks and renewables, affirming outlook for 2023 earnings.
Balancing challenges of higher costs and pending rate cases with opportunities in project advancements and financial sustainability.
Maintaining focus on trust, collaboration, and growth prospects, with a commitment to executing value creation in regulated and renewables businesses.
Confidence in achieving targets, managing costs, and capturing growth opportunities through planned investments in renewable energy expansion.

Avangrid meets Q2 expectations, focuses on sustainability and growth

Avangrid's Q2 performance met expectations, with a strong focus on sustainability and growth initiatives.
The company faces challenges in navigating rate cases, mergers, and strategic asset management.
Opportunities in renewable energy projects, transmission investments, and talent development can drive future success.
Overall, Avangrid's commitment to financial stability, renewable energy, and stakeholder value creation positions it for long-term growth.

Avangrid reports solid Q3 earnings, focuses on growth opportunities

Avangrid's Q3 performance showed solid financial results, progress on key projects, and recognition for sustainability efforts. While facing challenges with wind project terminations and CFO resignation, the company is focused on leveraging opportunities for growth and enhancing compliance. Avangrid's strategic focus on sustainability, project development, and financial metrics remains strong.

Avangrid reports robust Q4 earnings, eyes growth in renewables

Avangrid's Q4 2023 performance reflects strong financial results and strategic investments in renewables, positioning the company for future growth.
While facing challenges such as legal matters and strategic decisions, Avangrid's commitment to operational efficiency and growth opportunities remains strong.
With a clear focus on financial stability, dividend policy, and long-term growth prospects, Avangrid is poised for continued success in the energy sector.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Avangrid's (AGR) latest solar project boosts its commitment to developing renewable projects. It helps it be on track to being the third largest renewable energy operator in the United States.

Avangrid (AGR) Unveils its First California Solar Project

PORTLAND, Ore.--(BUSINESS WIRE)--Avangrid Announces Camino Solar, Its First Photovoltaic Project in California.

Avangrid Announces Camino Solar, Its First Photovoltaic Project in California

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid's Brian Harrell and Steven Hersem Receive Patriot Award for Supporting National Guard and Reserve Team Members.

Avangrid's Brian Harrell and Steven Hersem Receive Patriot Award for Supporting National Guard and Reserve Team Members

Dominion Energy

Portland General Electric

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Check Out 3 High-Yielding Dividend Stocks In Utilities Sector From Wall Street's Most Accurate Analysts - Dominion Energy (NYSE:D), Avangrid (NYSE:AGR)

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid Pioneers In-House Creation of Artificial Intelligence to Increase Reliability.

Avangrid Pioneers In-House Creation of Artificial Intelligence to Increase Reliability

AVANGRID (AGR) is expected to further benefit from its long-term investment plans and expanding wind and solar generation portfolio. However, PNM Resources' merger delay might impact negatively.

AVANGRID (AGR) to Gain From Investments Amid Merger Delay

BOSTON--(BUSINESS WIRE)--Avangrid Unveils Vineyard Wind 1 Offshore Wind Substation – The First in the U.S.

B-ROLL, PHOTOS - Avangrid Unveils Vineyard Wind 1 Offshore Wind Substation – The First in the U.S.

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid Recognized Globally for Strong ESG Performance on FTSE4Good Index.

Avangrid Recognized Globally for Strong ESG Performance on FTSE4Good Index

Avangrid Inc.: Expanding Wind Farms In Hopes Of Reaching Growth Targets

BOSTON--(BUSINESS WIRE)--Avangrid (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, announced today the successful installation of the offshore substation at its Vineyard Wind 1 project, the first large-scale offshore wind farm in the U.S., currently under construction off the coast of Massachusetts. An offshore substation is a critical component of an offshore wind farm, designed and built to collect and export the electricity generated by the wind turbine gene.

Avangrid Announces Installation Completion of the First Offshore Substation in the U.S.

Avangrid, Inc. (NYSE:AGR ) Q2 2023 Results Conference Call July 27, 2023 10:00 AM ET Company Participants Alvaro Ortega - Vice President of Finance, Investor Relations and Treasury Pedro Blazquez - Chief Executive Officer Patricia Cosgel - Chief Financial Officer Catherine Stempien - President and Chief Executive Officer, Avangrid Networks Jose Antonio Miranda - President and Chief Executive Officer, Avangrid Renewables Conference Call Participants Richard Sunderland - JPMorgan Julien Dumoulin-Smith - Bank of America Michael Sullivan - Wolfe Research Operator Welcome to Avangrid's Second Quarter 2023 Earnings Conference Call [Operator Instructions]. I will now turn the call over to Alvaro Ortega, Vice President of Finance, Investor Relations and Treasury.

Avangrid, Inc. (AGR) Q2 2023 Earnings Call Transcript

AVANGRID (AGR) second-quarter 2023 earnings and revenues decline year over year. Total operating expenses decrease during the same period.

AVANGRID's (AGR) Q2 Earnings Miss Estimates, Sales Decline Y/Y

Avangrid (AGR) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.46 per share a year ago.

Avangrid (AGR) Q2 Earnings and Revenues Lag Estimates

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE:AGR) posted its second quarter 2023 earnings release and presentation in the Investors section of the Company's website. Interested parties can access using the following link: www.avangrid.com. In conjunction with the earnings release, Avangrid will conduct a webcast conference call with financial analysts on Thursday, July 26, 2023, beginning at 10:00 A.M. ET. Avangrid's Executive team will present an overview of the financial results follo.

Avangrid Second Quarter 2023 Financial Results Available on Company's Website

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has announced the start of construction of True North, a 240 MWac (321 MWdc) solar farm in Falls County, Texas, that will supply clean, renewable energy to power Meta's operations in the region. “We are very excited to announce this milestone, which reflects our unwavering commitment to advancing the clean energy transition and building a more sustainable future for all”.

Avangrid Begins Construction of 240 MW True North Solar Farm in Texas

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid Shareholders Approve All Proposals at 2023 Annual Meeting.

Avangrid Shareholders Approve All Proposals at 2023 Annual Meeting

ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE: AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable October 2, 2023 to shareholders of record at the close of business on September 1, 2023. About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S.

AVANGRID Declares Quarterly Dividend

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid Employees Save More Than Half a Million Dollars Through Student Loan Repayment Program.

Avangrid Employees Save More Than Half a Million Dollars Through Student Loan Repayment Program

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid's New York Companies File Action Plan to Advance State Climate Goals.

Avangrid's New York Companies File Action Plan to Advance State Climate Goals

PORTLAND, Ore.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, proudly announces it has successfully reached a capacity of 8.6 GW through its more than 70 wind and solar facilities in operation across the country, which generate the electricity equivalent to powering over 2.8 million homes with clean and renewable energy. "Our capacity milestone is a significant achievement for Avangrid, as it demonstrates our unwavering dedi.

Avangrid Reaches Milestone of 8.6 GW Wind and Solar Capacity, Enough to Power Over 2.8 Million Homes

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE:AGR) will be releasing its second quarter 2023 financial results on Wednesday, July 26, 2023, after the market closes in a news release to be posted to the Investors' section of the company's website at www.avangrid.com/wps/portal/avangrid/Investors. The company will issue an advisory news release over Business Wire the evening of July 26th, which will include a link to the financial results news release on the company's website. In conjuncti.

Avangrid Schedules Second Quarter 2023 Earnings Release and Conference Call

BOSTON--(BUSINESS WIRE)--Today, Avangrid (NYSE: AGR) CEO Pedro Azagra issued the following statement on the five firms selected as part of the Greentown Go Energize program, which is dedicated to advancing technologies for responsible offshore wind development. “At Avangrid, we firmly believe that innovation holds the key to unlocking the vast potential of offshore wind power, and we are very proud to collaborate with Greentown Labs, our Vineyard 1 team and this very talented group of startups.

Avangrid Congratulates Five Startup Firms Selected that will Advance Offshore Wind Technologies for Vineyard Wind 1

ORANGE, Conn.--(BUSINESS WIRE)--This week, United Illuminating, a subsidiary of Avangrid, Inc. (NYSE: AGR), together with the Utility Workers Union of America (UWUA) Local 470-1, announced the launch of the Union Scholars Program, a 10-week internship for nine rising high school seniors to receive training in electric utility lineworking. The Union Scholars Program is the first of its kind across Avangrid companies, and it leads the electric utility industry in providing offers of employment to.

Avangrid and Subsidiary UI Partner with UWUA Local 470-1 to Launch Industry-Leading Lineworker Internship Program

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today it has received two honors from World Finance: Most Sustainable Company in the Electric Services Industry and Best Corporate Governance. This is the fourth time World Finance, an international publication specializing in the financial industry, has recognized Avangrid for its governance leadership. “We're proud to receive these two awards highlighti.

Avangrid Earns Most Sustainable Electric Company and Best Corporate Governance Awards from World Finance

BOSTON--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced the consolidation of its Offshore New Business and Development teams under the leadership of Ken Kimmell, who will aim to maintain Avangrid's development excellence and pursue new business opportunities to build more offshore wind projects in the U.S. “Avangrid is focused every day on leading the energy transition in the United States, and we're proud to b.

News for Avangrid Stock (AGR)