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

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Earnings data Q1 2022

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Earnings data Q3 2023

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Earnings data Q1 2024

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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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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?

Avangrid (AGR) Q3 Earnings Lag Estimates

AVANGRID Third Quarter 2022 Financial Results Available on Company's Website

AVANGRID Statement on Commonwealth Wind Project Proceeding

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) Q3 Earnings Expected to Decline

Sempra Energy

HOUSTON , Oct. 12, 2022 /PRNewswire/ -- AVANGRID, a member of the Iberdrola Group (NYSE: AGR), and Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced they have entered into a heads of agreement (HOA) for the potential joint development of U.S. green hydrogen and ammonia projects powered by renewable sources. The HOA provides a framework for the companies to identify, appraise, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of both U.S. and international customers.

Sempra Infrastructure and AVANGRID Announce Plans to Develop U.S. Green Hydrogen and Ammonia Projects

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID Announces Winners of Inaugural Clean Energy Hackathon and Awards Scholarships for Quantum Computing Solution

AVANGRID Announces Winners of Inaugural Clean Energy Hackathon and Awards Scholarships for Quantum Computing Solution

Avangrid kicks off its first investor day with new CEO Pedro Azagra at the helm. The mid-term financial targets were revised lower, but could still be vulnerable to downgrades depending on execution.

Avangrid: Risks Outweigh The Reward

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) will be releasing its third quarter 2022 financial results on Tuesday, October 25, 2022, 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 October 25th, which will include a link to the financial results news release on the company's website. In conjun

AVANGRID Schedules Third Quarter 2022 Earnings Release and Conference Call

CenterPoint Energy

At present, AVANGRID (AGR) appears to be a better utility when compared with CenterPoint Energy (CNP).

AGR or CNP: Which is a Better Electric Power Utility Stock?

ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, and a core member of the IBERDROLA group, will hold its Investor Day at the New York Stock Exchange on September 22, 2022 at 9:00 a.m. Eastern Time. AVANGRID's executive team will outline AVANGRID's position to provide clean and affordable energy services while leading the way in the U.S.'s clean energy transition. The executive team will provide the investment community with details on the C

AVANGRID Provides Strategic Update at 2022 Investor Day

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR), a leading sustainable energy company, announced today the consolidation of its onshore and offshore renewables businesses. Leading the consolidated business will be Jose Antonio Miranda, who will serve as President and CEO of Avangrid Renewables. “As we strive to maximize asset value, efficiently execute projects, and manage the changing dynamics of business in the U.S., consolidation of the onshore and offshore businesses will allow AV

AVANGRID Consolidates Onshore and Offshore Renewables Businesses

AVANGRID (AGR), with consistent investments, proper debt management and an expanding clean energy generation portfolio, is poised for growth. However, a delay in the PNM merger and regulations are headwinds.

AVANGRID (AGR) Benefits From Investment & Debt Management

PORTLAND, Maine--(BUSINESS WIRE)--Maine Law Court Rules Referendum Blocking the New England Clean Energy Connect Unconstitutional

News for Avangrid Stock (AGR)