Group 1 - The article discusses the top 100 sustainable companies identified by Calvert Research and Management based on an annual review of over 230 Environmental, Social, and Governance (ESG) performance indicators [1] - Key ESG performance indicators include workplace diversity, data security, and greenhouse-gas emissions [1] Group 2 - The article promotes a live video series on Facebook that highlights potential portfolio candidates for investment [2] - The series encourages audience interaction by inviting comments on favorite or curious stock tickers for future reports [2]

Financial Performance - Avangrid's operating revenues increased by $109 million from $1,974 million in Q3 2023 to $2,083 million in Q3 2024[250]. - Net income attributable to Avangrid rose by $146 million from $59 million in Q3 2023 to $205 million in Q3 2024, primarily due to rate increases in New York and lower operating expenses in Renewables[250]. - Adjusted net income increased by $106 million from $105 million in Q3 2023 to $211 million in Q3 2024, driven by a $68 million increase in Networks and a $32 million increase in Renewables[251]. - Operating revenues increased by $396 million from $6,027 million for the nine months ended September 30, 2023 to $6,423 million for the same period in 2024[294]. - Adjusted net income for the nine months ended September 30, 2024, was $741 million, up from $434 million in the same period of 2023, reflecting a 71% increase[316]. Revenue Segments - Networks segment operating revenues rose by $84 million from $1,587 million to $1,671 million, driven by a $138 million increase in electricity and gas revenues due to rate increases in New York[285]. - Renewables segment operating revenues increased by $26 million from $387 million to $413 million, primarily due to higher merchant prices and favorable changes in energy derivative transactions[286]. - Networks segment operating revenues rose by $343 million to $5,279 million, driven by a $320 million increase in electricity and gas revenues due to rate increases in New York[294]. - Renewables segment operating revenues increased by $55 million to $1,147 million, primarily due to a $56 million rise in favorable thermal and power trading[295]. Expenses and Costs - Total operating expenses for the three months ended September 30, 2024, were $1,829 million, compared to $1,460 million for the same period in 2023[283]. - Operations and maintenance expenses decreased by $58 million from $924 million to $866 million, with a notable decrease in Renewables expenses driven by prior year provisions[288]. - Depreciation and amortization increased by $24 million from $303 million to $327 million, primarily due to plant additions and accelerated depreciation from wind farm repowering[290]. - Interest expense for the nine months ended September 30, 2024 was $379 million, an increase of $78 million compared to $301 million for the same period in 2023[302]. Projects and Investments - The New England Clean Energy Connect project has estimated construction costs of approximately $1.5 billion and aims to add 1,200 MW of transmission capacity[253]. - As of September 30, 2024, the company has capitalized approximately $1,294 million for the NECEC project, including capitalized interest costs and construction costs[264]. - The U.S. Department of Energy awarded Avangrid a $425 million capacity contract for its Aroostook Renewable Project[280]. - The New England Wind 1 offshore wind development project is expected to provide 791 MW of power to Massachusetts, with a commercial operation date set for 2029[281]. Regulatory and Compliance - Avangrid entered into a Merger Agreement with Iberdrola, with each share of common stock to be converted into $35.75 in cash upon the merger's effective time[243]. - The merger is subject to customary closing conditions, including approvals from regulatory bodies such as the NYPSC[244]. - Avangrid received FERC approval for the merger and shareholder approval at its 2024 annual meeting[245]. - The NYPSC approved an estimated $4.4 billion in transmission upgrades to integrate 3,500 MW of clean energy capacity into the grid, with NYSEG and RG&E's share estimated at $2.2 billion[274]. Economic and Market Conditions - The company continues to face external economic challenges, including inflation and supply chain disruptions, but has not yet seen a material impact on operations[247]. - The company is monitoring the Department of Commerce's anti-circumvention determination regarding solar panel tariffs, with no material impact on operations reported to date[272]. - Risks include adverse developments in market conditions, inflation, supply-chain interruptions, and labor costs, which could impact renewable energy projects[346]. - The ongoing geopolitical conflict with Russia and Ukraine is recognized as a significant external risk factor[346]. Financial Position and Liquidity - As of September 30, 2024, the total liquidity position was $2,241 million, down from $3,084 million as of December 31, 2023[321]. - The company has a commercial paper program with a limit of $2 billion, with $1,928 million outstanding as of September 30, 2024[322]. - Cash provided by operating activities for the nine months ended September 30, 2024, was $940 million, an increase of $183 million compared to $757 million in the same period of 2023[334]. - Net cash used in investing activities for the nine months ended September 30, 2024, was $3,082 million, compared to $2,024 million in the same period of 2023[335]. Tax and Accounting - The IRS released private letter rulings in June 2024, resulting in a $14 million tax expense reduction for the company related to its 2017 Tax Act regulatory liability[278]. - The effective tax rate for the nine months ended September 30, 2024 was 7.7%, below the federal statutory tax rate of 21%[303]. - As of September 30, 2024, notable changes in significant accounting policies were made in accordance with new accounting pronouncements adopted on January 1, 2024[341][342]. Internal Controls and Risks - The company emphasizes the importance of maintaining effective internal control over financial reporting to meet financial obligations[344]. - The company acknowledges the potential impact of climate change and extreme weather events on its operations[346]. - There is a risk of reputational harm due to adverse publicity or unforeseen factors[346]. - The ability to recover costs in a timely manner through regulatory mechanisms is a critical concern for the company's utility operations[344].

Avangrid, Inc. (AGR) reported third-quarter 2024 earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 33 cents by 66.7%. The bottom line also increased 104% from the year-ago figure of 27 cents.Total RevenuesOperating revenues amounted to $2.08 billion, which beat the Zacks Consensus Estimate of $2.01 billion by 3.7%. The top line also increased 5.5% from $1.97 billion reported in the comparable period of 2023. Highlights of the ReleaseOperating expenses totaled $1.83 billion, dow ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contacts: Analysts: Charlotte Ancel, Charlotte.Ancel@Avangrid.com, 203-997-7366 Media: Leo Rosales, Leo.Rosales@Avangrid.com, 518-419-2401 AVANGRID REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS • Delivered year-to-date 2024 earnings of $1.87 per share and adjusted earnings of $1.91 per share, +87% & +71% year-over-year, respectively • $2.9 billion of capital expenditures in first nine months of 2024 • Executing on multi-year rate plans in New York and Maine, including more ...

Avangrid, Inc. (AGR) is scheduled to release third-quarter 2024 results on Oct. 22, after market close. The company delivered an earnings surprise of 81.5% in the last reported quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderAvangrid’s third-quarter earnings are likely to benefit from a new data analytics method at New York State Electric & Gas and Rochester Gas and ...

He is the leader of the investing group The Dividend Dog Catcher , where he shares a minimum of one new dividend stock idea per week with focus on yield or extraordinary financial circumstances. All ideas are archived and available after weekly announcement. Learn moreAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opini ...

Avangrid Inc.’s (AGR) consistent investments are expected to aid its infrastructure and facilities further and boost its performance. The company’s expanding wind and solar generation portfolio also acts as a tailwind.However, failure in accomplishing the projects within time and budget and stringent regulations act as headwinds.Tailwinds for AvangridAvangrid invested $3 billion in 2023, with nearly 74% of the amount dedicated to its Networks segment and the rest to its Renewables segment and others. In the ...

Avangrid (AGR) announced that it received $425 million contract from the U.S. Department of Energy (“DOE”) to construct high-voltage transmission lines for the Aroostook Renewable Project. This high-voltage transmission line will connect 1,200 megawatts (MWs) of renewable energy to the New England power grid in Maine.Construction of this high-voltage line by Avangrid is likely to relieve transmission constraints that have stalled the development of renewable resources in Northern Maine for years. This high- ...

Equinor ASA (EQNR) has signed a long-term frame agreement with AGR for providing comprehensive subsurface and field development solutions associated with the developments of Equinor’s projects. This includes providing support to Equinor’s facilities, both offshore and onshore.Per the terms of the agreement, AGR will support Equinor through its experience and expertise in multiple aspects of subsurface work. AGR will leverage expertise to support Equinor’s greenfield and tie-in projects as well as brownfield ...

Investors in Avangrid, Inc. (AGR) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov. 15, 2024 $40 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...