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.

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The Utilities sector has been quiet so far in 2023 after some big fluctuations last year. The Northeast-based Avangrid is progressing on its renewable energy projects and earnings are generally steady.

Avangrid: Shares Fairly Valued After Earnings, Solid Dividend Yield

WELLINGTON, Colo.--(BUSINESS WIRE)--FulcrumAir completes installation of Bird Flight Diverters using the latest drone and robotic technology at AVANGRID's Manzana Wind Power Project.

FulcrumAir completes installation of Bird Flight Diverters using the latest drone and robotic technology at AVANGRID's Manzana Wind Power Project

ORANGE, Conn.--(BUSINESS WIRE)--First paragraph of release dated April 28, 2023, should read: The shareholders of AVANGRID, Inc.'s (NYSE: AGR) parent company Iberdrola have resoundingly approved all resolutions on the agenda at the company's annual shareholders meeting in Bilbao, with an average affirmative vote of more than 98% across all 22 items on the agenda, which covered results, dividends and corporate management; corporate governance and sustainability; remuneration; and the appointment.

ADDING and REPLACING Massive Shareholder Support for Management of AVANGRID's Parent Company Iberdrola in a Record Year for the Company

ORANGE, Conn.--(BUSINESS WIRE)--Iberdrola's shareholders have resoundingly approved all resolutions on the agenda at the company's annual shareholders meeting in Bilbao, with an average affirmative vote of more than 98% across all 22 items on the agenda, which covered results, dividends and corporate management; corporate governance and sustainability; remuneration; and the appointment and re-election of directors. The Iberdrola Annual General Meeting of Shareholders, held at the Torre Iberdrol.

Massive Shareholder Support for Management of AVANGRID's Parent Company Iberdrola in a Record Year for the Company

LAS CRUCES, N.M.--(BUSINESS WIRE)--AVANGRID, a leading sustainable energy company and part of the Iberdrola Group, is the newest corporate sponsor of New Mexico Agriculture in the Classroom (NMAITC). As a Gold Apple Sponsor, their $10,000 contribution will help NMAITC enhance its agricultural literacy efforts among Pre-K-12th grade New Mexico classroom teachers and their students. "We sincerely appreciate AVANGRID for their support of our New Mexico agricultural literacy initiatives,” said Eliz.

AVANGRID Becomes Corporate Sponsor of New Mexico Agriculture in the Classroom

Avangrid Inc. (AGR) Q1 2023 Earnings Call Transcript.

Avangrid Inc. (AGR) Q1 2023 Earnings Call Transcript

AVANGRID's (AGR) first-quarter earnings miss estimates, while revenues beat the same. PNM Resources merger deal extended till July 20.

AVANGRID's (AGR) Q1 Earnings Lag Estimates, Revenues Beat

Avangrid (AGR) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $1.16 per share a year ago.

Avangrid (AGR) Q1 Earnings Lag Estimates

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) posted its first 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 Wednesday, April 26, 2023, beginning at 10:00 A.M. ET. AVANGRID's Executive team will present an overview of the financial results foll.

AVANGRID First Quarter 2023 Financial Results Available on Company's Website

PORTLAND, Ore.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that it has achieved commercial operation at its 162 MWac (205 MWdc) Pachwáywit Fields solar farm (also known as Montague Solar) in Gilliam County, Oregon, becoming the state's largest photovoltaic plant. The facility will deliver clean, renewable energy to large customers and municipalities enrolled in Portland General Electric's (PGE) Green Future Impa.

AVANGRID's Pachwáywit Fields, Oregon's Largest Solar Farm, Achieves Commercial Operation

AVANGRID's Vice President of Sustainability Laney Brown Named to 2023 Constellation Research ESG50

AVANGRID's NECEC Project May Lawfully Proceed

BRIDGEPORT, Conn.--(BUSINESS WIRE)--In celebration of Earth Week, AVANGRID, Inc. (NYSE: AGR) and United Illuminating (UI) today joined Habitat for Humanity Coastal Fairfield County (Habitat-CFC) to highlight the organizations' longstanding partnership and commitment to supporting energy efficiency and affordable housing in Connecticut.

AVANGRID Joins Habitat for Humanity to Reinforce Commitment to Energy Efficiency, Affordable Housing

AVANGRID (AGR) and Navajo Tribal Utility Authority sign a Memorandum of Understanding to develop green energy projects.

AVANGRID (AGR) and NTUA Tie-Up for Green Energy Projects

Avangrid (AGR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Avangrid (AGR) to Report a Decline in Earnings: What to Look Out for

PORTLAND, Ore.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, and the Navajo Tribal Utility Authority (NTUA), the largest multi-utility enterprise owned and operated by a Native American tribe, today announced they have signed a Memorandum of Understanding (MOU) to explore opportunities to develop up to 1 GW of green energy projects within the Navajo Nation in the states of New Mexico and Arizona.

AVANGRID and the Navajo Tribal Utility Authority Announce Plan to Develop Green Energy Projects

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID Reports Strong Progress on Ambitious ESG+F Goals and Reinforces Its Commitment to Climate Action.

AVANGRID Reports Strong Progress on Ambitious ESG+F Goals and Reinforces Its Commitment to Climate Action

NEW YORK--(BUSINESS WIRE)--Ignacio Galán, the Executive Chairman of Iberdrola and Chairman of AVANGRID, was yesterday (13th April) presented with the prestigious Medal of Honor from the World Jurist Association, at an event held in the United Nations headquarters in New York. Mr. Galán was recognized for the leadership he has shown in the promotion of clean energy and ESG + F (Environmental, Social & Governance + Financial Performance) principles.

Ernest Moniz Presents World Jurist Association Medal of Honor to Ignacio Galán, Executive Chairman of Iberdrola and Chairman of AVANGRID

PORTLAND, Ore.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today joined the California Independent System Operator's (CAISO) Western Energy Imbalance Market (WEIM) as the first generation-only entity. As a WEIM market participant, AVANGRID will support and strengthen the energy system of 11 Western states with almost 2 GW of installed emissions-free capacity from facilities that the company operates in the region.

AVANGRID Joins CAISO's Western Energy Imbalance Market as Its First Generation-Only Entity

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) will be releasing its first quarter 2023 financial results on Tuesday, April 25, 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 April 25th, which will include a link to the financial results news release on the company's website.

AVANGRID Schedules First Quarter 2023 Earnings Release and Conference Call

AVANGRID (AGR) announces an agreement with Meta, assisting the latter in meeting its energy needs from clean sources.

AVANGRID (AGR) Inks Deal With Meta, Expands Renewable Operation

AVANGRID (AGR) is expected to benefit from expanding wind and solar generation portfolio, while delay in PNM merger can adversely impact its financial position.

AVANGRID (AGR) Gains From Investments Amid Merger Delay

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, has announced today the signing of a power purchase agreement (PPA) with Meta to procure renewable energy from True North, a 240 MW solar farm under development in Falls County, Texas, and AVANGRID's first solar facility in the state.

AVANGRID To Support Meta's Operations in Texas With New 240 MW Solar Farm

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, continues to strengthen its presence in the country's renewable energy industry with two new solar farms under construction in Texas and Ohio, which will generate 523.5 MW of clean and affordable power to these states. “With solar projects like True North and Powell Creek, we are strengthening our mission of helping the U.S.

AVANGRID Continues Expansion of Solar Farms With New Projects in Texas and Ohio

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has been recognized by Ethisphere as one of the 2023 World's Most Ethical Companies. This marks AVANGRID's fifth consecutive year earning the designation from Ethisphere, a global leader in defining and advancing the standards of ethical business practices. AVANGRID is one of only nine honorees globally in the Energy and Utilities sector in 2023. A total of 135 honorees were recognized spanning 19 countries and 46 industries.

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