secwatch.observer — SEC 8-K summary
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Issuer:     Avangrid, Inc. (—)
CIK:        0001634997
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001193125-24-107050
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1634997/000119312524107050/0001193125-24-107050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1634997/000119312524107050/d828613d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-107050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer