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

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Earnings data Q1 2023

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Earnings data Q3 2023

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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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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.

AVANGRID Named One of the World's Most Ethical Companies for Fifth Consecutive Year by Ethisphere

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

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.

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