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

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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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AVANGRID (AGR) has announced an agreement to utilize $30 million in solar trackers from Array Technologies to build 321MW solar farm.

AVANGRID (AGR) to Build True North Solar Farm, Cuts Emission

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has announced it will take a new step in its key partnership with the intent to deploy more than $30 million in solar trackers from Array Technologies (ATI), a New Mexico based company. The equipment will be used to construct AVANGRID's 321 MW True North solar farm in Falls County, Texas, one of the company's biggest solar facilities under development in the U.S.

AVANGRID Announces Intent to Deploy More Than $30 Million in Solar Trackers From New Mexico Based Partner Array Technologies Inc.

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has announced today that it has achieved commercial operation at its 150-Megawatt (MW) Lund Hill solar farm in Klickitat County, Washington, the state's largest photovoltaic plant.

AVANGRID's Lund Hill, Washington State's Largest Utility-scale Solar Farm, Achieves Commercial Operation

Avangrid, Inc. (NYSE:AGR ) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Participants Alvaro Ortega - VP, Finance, IR and Treasury Pedro Azagra - CEO Patricia Cosgel - CFO Catherine Stempien - President and CEO, Avangrid Networks Conference Call Participants Richard Sunderland - JPMorgan David Arcaro - Morgan Stanley Michael Sullivan - Wolfe Research Julien Dumoulin-Smith - Bank of America Angie Storozynski - Seaport Research Operator Ladies and gentlemen, welcome to Avangrid's Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Glen and now will be coordinating your call today.

Avangrid, Inc. (AGR) Q4 2022 Earnings Call Transcript

AVANGRID, Inc.'s (AGR) fourth-quarter earnings meet estimates, while revenues surpass the same. AGR's Renewables segment performs better than the others.

AVANGRID's (AGR) Q4 Earnings In Line, Revenues Beat Estimates

Avangrid (AGR) delivered earnings and revenue surprises of 0% and 15.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Avangrid (AGR) Meets Q4 Earnings Estimates

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) posted its fourth quarter & full year 2022 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, February 22, 2023, beginning at 10:00 A.M. ET.

AVANGRID Fourth Quarter & Full Year 2022 Financial Results Available on Company's Website

BOSTON--(BUSINESS WIRE)--Around 1,000 postgraduate students at Harvard Business School were given the opportunity today (Friday 17th February) to engage directly with Iberdrola Executive Chairman, Ignacio Galán, and scrutinize the decisions taken over the last 20 years that have shaped the company's strategy and drive into clean energy, as well as the company's forward-looking strategy.

AVANGRID, Inc.: Ignacio Galán at Harvard Business School discusses company case study with students, “Iberdrola, leading the energy revolution”

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 April 3, 2023 to shareholders of record at the close of business on March 1, 2023. AVANGRID also announced that the date of its 2023 Annual Meeting of Shareholders will be Tuesday, June 13, 2023.

AVANGRID Declares Quarterly Dividend; Sets Annual Meeting Date

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.

Earnings Preview: Avangrid (AGR) Q4 Earnings Expected to Decline

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has announced it is one of two U.S. electric utilities to be named to the 2023 Sustainability Yearbook, S&P Global's annual and comprehensive listing of the world's most sustainable companies. This is the company's third consecutive year appearing on the prestigious list.

AVANGRID Recognized Among World's Most Sustainable Companies in S&P Global 2023 Sustainability Yearbook

ORANGE, Conn.--(BUSINESS WIRE)--The Avangrid Foundation has announced a record total of $136,000 in grants to 15 wildlife rehabilitation centers.

Avangrid Foundation Awards $136,000 in Grants to Wildlife Rehabilitation Centers

ORANGE, Conn.--( BUSINESS WIRE )--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it is a member of the 2023 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting aggregate gender-related data. This reference index measures gender equality across five pillars: leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.

AVANGRID Earns Inclusion in 2023 Bloomberg Gender-Equality Index

ORANGE, Conn.--( BUSINESS WIRE )--AVANGRID, Inc. (NYSE:AGR) will be releasing its fourth quarter & full year 2022 financial results on Tuesday, February 21, 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 February 21st, which will include a link to the financial results news release on the company's website.

AVANGRID Schedules Fourth Quarter & Full Year 2022 Earnings Release and Conference Call

ORANGE, Conn.--( BUSINESS WIRE )--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today was recognized for the third consecutive year on the annual JUST 100—a list of America's best corporate citizens published by JUST Capital and its media partner CNBC. AVANGRID improved its overall ranking from 48 in 2022 to 45 in 2023. AVANGRID is ranked second overall within the utility industry, up from fourth in 2022, and is ranked first among utilities for its commitment to the environment.

AVANGRID Named One of America's Most JUST Companies by JUST Capital and CNBC for Third Consecutive Year

ORANGE, Conn.--( BUSINESS WIRE )--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today released the following statement regarding the Bureau of Ocean Energy Management's (BOEM) Draft Environmental Impact Statement (DEIS) on AVANGRID's New England Wind Offshore project, consisting of the 1232 Megawatt (MW) Commonwealth Wind and 804 MW Park City Wind projects.

AVANGRID Statement on Federal Environmental Review of New England Wind Offshore Project

ORANGE, Conn.--( BUSINESS WIRE )--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today released the following statement regarding its clean energy investments in Massachusetts and the path forward for the Commonwealth Wind project.

AVANGRID Statement on Progress of Clean Energy Investments in Massachusetts

PORTLAND, Maine--( BUSINESS WIRE )--In a long-anticipated decision, the Maine Supreme Judicial Court today ruled that the State of Maine acted within its constitutional authority in granting a lease to NECEC developers for the New England Clean Energy Connect (NECEC) transmission line project. When completed, the project will connect 1,200MW of clean hydropower to the New England electrical grid.

AVANGRID: Maine Supreme Court Rules State-Issued Lease for NECEC Transmission Project Valid

ORANGE, Conn.--( BUSINESS WIRE )--Building on AVANGRID's commitment to positive community impact in Connecticut and its other service areas, the Avangrid Foundation and the United Illuminating Company today announced a $30,000 grant to the Ronald McDonald House Charities of Connecticut and Western Massachusetts (RMHC). To celebrate the grant, and the critical work RMHC does across its network of chapters, AVANGRID CEO Pedro Azagra, UI President and CEO Frank Reynolds, and Avangrid Foundation Executive Director Pablo Colón last week visited with the leadership of RMHC, and toured one of its homes in New Haven. The grant builds on AVANGRID's long-standing support of RMHC, bringing the company's total support of RMHC nationally to more than $300,000 since 2016. Over the last 5 years, AVANGRID and the Avangrid Foundation have made over $5.7 million in charitable donations to nonprofits and other community organizations across Connecticut.

Avangrid Foundation, United Illuminating Deliver $30,000 Grant to Support Ronald McDonald House Charities

ORANGE, Conn.--( BUSINESS WIRE )--As a result of the ongoing global energy crisis and associated price increases, United Illuminating today is encouraging its customers to explore the assistance programs available through the company, including payment plans, winter protection, and bill forgiveness for those that qualify.

UI Outlines Assistance Programs to Help Customers Manage Rising Energy Costs

ORANGE, Conn.--( BUSINESS WIRE )--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the group of companies controlled by Iberdrola, S.A., is furthering its industry-leading Environment, Social and Governance (ESG) commitments by expanding its carbon neutrality targets. The company is now targeting to reach carbon neutrality in scopes 1 and 2 by 2030 and is developing a strategy to address scope 3 emissions. AVANGRID is one of only three U.S. energy company peers to set 2030 carbon neutrality goals and is one of the few major U.S. utilities to align with the country's target to decarbonize the U.S. power sector by 2035.

AVANGRID Sets Industry-Leading 2030 Carbon Neutrality Targets for Scopes 1 And 2

AVANGRID's Digital Summit Showcases Latest in Disruptive Technology

Avangrid, Inc. (NYSE:AGR ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Corporate Participants Alvaro Ortega - Vice President of Finance Investor Relations and Treasury Pedro Azagra - Chief Executive Officer Patricia Cosgel - Chief Financial Officer Catherine Stempien - President and Chief Executive Officer, Avangrid Networks Conference Call Participants Richard Sunderland - JPMorgan Insoo Kim - Goldman Sachs Julien Dumoulin-Smith - Bank of America Michael Sullivan - Wolfe Research David Arcaro - Morgan Stanley Angie Storozynski - Seaport Research Operator Thank you for joining today's call. I would like to welcome you all to The Avangrid Third Quarter 2022 Earnings Conference Call.

Avangrid, Inc. (AGR) Q3 2022 Earnings Call Transcript

Avangrid (AGR) delivered earnings and revenue surprises of -3.12% and 8.72%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Avangrid Stock (AGR)