Avangrid Q1 GAAP EPS $0.91 (+43% YoY), adj. $0.88 (+38%), affirms FY outlook

Avangrid, Inc.

2024-Q1 EPS reported $0.91 revenue$2,417,000,000

GAAP net income $351M ($0.91/sh) vs $245M ($0.63/sh) in Q1 2023.
Adjusted EPS $0.88 vs $0.64 YoY; segment: Networks $268M, Renewables $95M.
Affirms 2024 earnings outlook $2.17-$2.32 per share.
Executing multi-year rate plans in NY and ME; submitted multiple offshore wind proposals.
Executed 251 MW onshore wind PPAs YTD; signed PPA for existing 300 MW wind farm.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Avangrid, Inc. reported financial results for for the first quarter ended March 31, 2024.

Period: for the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 23, 2024, Avangrid, Inc. (the “Corporation”) issued and posted a news release to its website (www.avangrid.com) announcing its financial results for the three-month period ended March 31, 2024. A copy of the Corporation’s press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

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Source: SEC EDGAR

accession 0001193125-24-107050

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