Avangrid(US:AGR)2025-07-10 07:38Financial Performance - 4Q '16 Net Income was $207 million ($0.67/share), while Full Year '16 Net Income reached $630 million ($2.04/share)[9] - Full Year '16 Net Income increased by 136% compared to FY '15, rising from $267 million to $630 million[11, 38] - Full Year '16 Adjusted Net Income increased by 23%, from $521 million to $641 million[17, 38] - Capital investments increased by 64% to $1.9 billion in '16[9, 20] Dividends and Payout - Quarterly dividend of $0.432/share was paid in '16[9, 24] - The company plans to increase the dividend beginning in '18, targeting a payout of 65%-75%[9, 25, 27] 2017 Outlook - AVANGRID projects an Adjusted EPS of $2.10 - $2.35 for 2017[33] - The Networks business is expected to contribute $1.66 - $1.74 to the Adjusted EPS in 2017[33] - Renewables are projected to contribute $0.50 - $0.65 to the Adjusted EPS in 2017[33] Renewables Highlights - Completion of 208 MW Amazon Wind Farm U S East & additional 536 MW of wind in construction[32] - Wind production increased by 5% in FY '16, with a total of 14,420 GWh[78]