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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ORANGE, Conn.--(BUSINESS WIRE)-- #Lineworkers--Avangrid Partners with SUNY Broome Community College to Launch New Lineworker Training Program.

Avangrid Partners with SUNY Broome Community College to Launch New Lineworker Training Program

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE:AGR) will be releasing its fourth quarter & full year 2023 financial results on Wednesday, February 21, 2024, 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.

Avangrid Schedules Fourth Quarter & Full Year 2023 Earnings Release and Conference Call & Announces 2024 Investor Day

AVANGRID (AGR) launches its first onshore wind project in Oklahoma with 147.5 MW capacity. This will help deliver clean, renewable wind power to Pontotoc County.

AVANGRID (AGR) Initiates First Onshore Wind Project in Oklahoma

PORTLAND, Ore.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced its first renewable energy project in Oklahoma. Pontotoc Wind, a 147.5 MW wind farm with 33 turbines, powering 40,000 homes, will be constructed in Pontotoc County, Oklahoma and expand Avangrid's presence in the U.S. to 25 states. “We are thrilled to be developing our first renewable energy project in Oklahoma, that will deliver clean, renewable, w.

Avangrid Announces First Onshore Wind Project in Oklahoma, Will Expand Company's U.S. Footprint to 25 states

ORANGE, Conn.--(BUSINESS WIRE)-- #AvangridFoundation--Avangrid Foundation Provides More Than $2.8 Million in Grants in 2023.

Avangrid Foundation Provides More Than $2.8 Million in Grants in 2023

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid's Early Career Programs Named in Top 50 in the United States by RippleMatch.

Avangrid's Early Career Programs Named in Top 50 in the United States by RippleMatch

ORANGE, Conn.--(BUSINESS WIRE)-- #GivingBack--Avangrid Employees Volunteer More Than 23,000 Hours in 2023.

Avangrid Employees Volunteer More Than 23,000 Hours in 2023

AVANGRID (AGR) terminates its previously announced merger agreement with PNM Resources on its failure to receive all regulatory approvals.

AVANGRID (AGR) Scraps $4.3B Merge Deal, Focuses on Renewables

BOSTON--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, today announced that power from the Vineyard Wind project was delivered to the New England grid for the first time. As part of the initial commissioning process, at 11:52PM on Tuesday, January 2, 2024, one turbine delivered approximately five megawatts of power, with.

Avangrid, CIP Announce First Power from Nation-Leading Vineyard Wind 1 Project

PNM Resources

Avangrid, the US division of Spanish energy company Iberdrola, announced on Tuesday it has terminated an agreement to acquire New Mexico-based electricity provider PNM Resources after the companies failed to win New Mexico regulatory approval.   The agreement, first announced in October 2020, would have given PNM an $8.3 billion enterprise value and created the third largest US renewables company with operations in 24 states.

Avangrid ends $8B deal to acquire PNM Resources; cites regulatory hurdle

PNM Resources Inc.'s stock PNM, -0.07% was down by 7.8% in premarket trading on Tuesday after Avangrid Inc. AGR, -1.10% said it would not complete a 2020 deal to buy PNM for $4.2 billion. Avangrid, which is majority-owned by Spain's Iberdrola SA IBE, -0.21%, said it was unable to obtain all final regulatory approvals by Dec. 31 and so it terminated the deal.

PNM's stock drops in premarket after Iberdrola's Avangrid terminates $4.3B merger

Iberdrola SA

Iberdrola's U.S. unit Avangrid Inc terminated its $8.3 billion deal, including debt, for rival PNM Resources as it could not get all necessary regulatory approvals to close by Dec. 31, the U.S. power utility said in a statement on Tuesday.

Iberdrola's Avangrid terminates $8.3 bln deal to buy PNM Resources

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM). “Since 2020, Avangrid, a national leader in clean energy, has fought to gain approval of its merger with PNM, a merger that would bring over $300 million in benefits to PNM consumers and communities and utilize the company's vast experience, and the exp.

Avangrid Statement on PNM Resources, Inc. Merger

ALBUQUERQUE, N.M. , Jan. 2, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) announces the termination of its merger agreement with Avangrid.

PNM Resources Announces Avangrid Termination of Merger Agreement, Schedules Financial Update

ORANGE, Conn.--(BUSINESS WIRE)--FERC Rules in Favor of Avangrid in California Energy Crisis Litigation.

FERC Rules in Favor of Avangrid in California Energy Crisis Litigation

BOSTON--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group announced today that the Vineyard Wind 1 project received the first funding from the first-of-its-kind tax equity package signed in October 2023, representing a critical milestone toward the delivery of first power from the project. Supportive government actions, such as federal tax credits for renewable energy projects, have been instrumental for Vineyard Wind 1, which is.

Avangrid Receives First Tax Equity Funding for Nation-Leading Vineyard Wind 1 Project

ORANGE, Conn.--(BUSINESS WIRE)-- #EmergencyResponse--AVANGRID DEPLOYS RESOURCES FROM NEW YORK AND CONNECTICUT TO ASSIST CENTRAL MAINE POWER IN RESTORATION EFFORTS FOLLOWING HISTORIC STORM.

Avangrid Deploys Resources From New York and Connecticut to Assist Central Maine Power in Restoration Efforts Following Historic Storm

ORANGE, Conn.--(BUSINESS WIRE)-- #BatsForTheFutureFund--Avangrid Foundation Awards $100,000 to Bats for the Future Fund to Combat White-Nose Syndrome.

Avangrid Foundation Awards $100,000 to Bats for the Future Fund to Combat White-Nose Syndrome

BOSTON--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment and in offshore wind development through its affiliate Vineyard Offshore, today submitted the second annual report to the Massachusetts Department of Energy Resources (DOER) entitled, “Vineyard Wind 1 Impact on Jobs and Economic Output.” The report finds that the Vineyard Wind 1 Proje.

Avangrid, Vineyard Offshore, Nearly Double Union Hiring Target For Vineyard Wind 1

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ORANGE, Conn.--(BUSINESS WIRE)-- #CleanEnergy--Avangrid's Fourteen ESG+F Accolades in 2023 Cement Company as a Clean Energy Leader.

Avangrid's Fourteen ESG+F Accolades in 2023 Cement Company as a Clean Energy Leader

BOSTON--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it has installed the first five GE Haliade-X turbines for the nation-leading Vineyard Wind 1 project, a critical milestone as the companies prepare to deliver the first power from the project to the electric grid in Massachusetts. Once energized in the coming weeks, Vineyard Wind 1, the first large-scale offshore wind project in the United States, wil.

Avangrid Completes Installation of First Five Turbines, Prepares to Deliver First Power from Nation-Leading Vineyard Wind 1 Project

Avangrid (AGR) reported earnings 30 days ago. What's next for the stock?

Why Is Avangrid (AGR) Up 6.7% Since Last Earnings Report?

ORANGE, Conn.--(BUSINESS WIRE)-- #GivingBack--Avangrid Announces eBill Incentive to Benefit Local Food Banks.

Avangrid Announces eBill Incentive to Benefit Local Food Banks

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and University of Bridgeport (UB) last week held the first Offshore Wind Workshop on campus to outline opportunities and career pathways for local high school and college students in the New England region's emerging offshore wind industry. The workshop, which took place on November 9, 2023, hosted more than 80 local students from Fairchild Wheeler High School, Cen.

News for Avangrid Stock (AGR)