---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-107050"
form_type: "8-K"
ticker: null
cik: "0001634997"
company_name: "Avangrid, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:57:51.696509+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-107050
- form_type: 8-K
- cik: 0001634997
- company_name: Avangrid, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1634997/000119312524107050/0001193125-24-107050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634997/000119312524107050/d828613d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-107050
- JSON: https://secwatch.observer/filing/0001193125-24-107050.json
- Plain text: https://secwatch.observer/filing/0001193125-24-107050.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634997/000119312524107050/0001193125-24-107050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.