AVANGRID, Inc. (AGR) reported fourth-quarter 2023 earnings of 97 cents per share, which surpassed the Zacks Consensus Estimate of 94 cents by 3.2%. The bottom line also increased 149% from the year-ago quarter’s 39 cents.Full-year 2023 earnings were $2.09 per share, down 10.3% from the previous year’s level of $2.33.Total RevenuesOperating revenues amounted to $2.28 billion, which missed the Zacks Consensus Estimate of $2.42 billion by 5.7%. The top line increased 5.6% from $2.16 billion reported in the com ...

Avangrid (AGR) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.19%. A quarter ago, it was expected that this diversified energy and utility company would post earnings of $0.42 per share when it actually produced earnings of $0.27, delivering a surprise of -35.71%.Over the last four ...

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE:AGR) posted its fourth quarter & full year 2023 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 Thursday, February 22, 2024, beginning at 9:00 A.M. ET. Avangrid’s Executive team will present an overview of the financial results fo ...

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a member of the Iberdrola Group, was honored today on Nasdaq’s Times Square Tower for the company’s recent leading rank on JUST Capital’s annual JUST 100 list. Avangrid earned the top rank among utilities on the 2024 lists and ranked 12 overall. “It is an incredible honor to be highlighted for our recent JUST 100 ranking on the Nasdaq Tower in New York City,” said Pedro Azagra, Avangrid CEO. “Our team pri ...

PORTLAND, Ore.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced Midland Wind has achieved commercial operation. The 106 MW wind farm located in Henry County is the company’s fourth wind farm in Illinois, bringing total capacity in the state to more than 600 MW. “We are proud to have achieved this milestone with Midland Wind, which is now operational and delivering power,” said Pedro Azagra, Avangrid CEO. “Our fourth comp ...

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 FULL YEAR 2023 FINANCIAL RESULTS • Delivered earnings of $2.03 per share and adjusted earnings of $2.09 per share (above Outlook range), representing +18% growth excluding 2022 offshore wind gain and upfront tax benefits from the enactment of the Inflation Reduction Act in 2022 • Secured multi-year rate plans in New Yor ...

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 FULL YEAR 2023 FINANCIAL RESULTS • Delivered earnings of $2.03 per share and adjusted earnings of $2.09 per share (above Outlook range), representing +18% growth excluding 2022 offshore wind gain and upfront tax benefits from the enactment of the Inflation Reduction Act in 2022 • Secured multi-year rate plans in New Yor ...

AVANGRID, Inc. (AGR) is scheduled to release fourth-quarter 2023 results on Feb 21, after market close. The company delivered a negative earnings surprise of 35.7% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderDuring the third quarter, AVANGRID reached a milestone of 8.6-gigawatt wind and solar capacity, which is enough to power more than 2.8 million homes. This achievement is expected to have contributed in the co ...

BINGHAMTON, N.Y.--(BUSINESS WIRE)--New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) subsidiaries of Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced their best reliability in five years. Delivering energy safely and reliably to their 1.9 million customers is the top priority for NYSEG and RG&E. As the electric and gas infrastructure in Upstate New York ages, the Companies invest in the grid via reliability projects ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Avangrid (AGR) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 21. O ...