Avangrid reports Q3 adjusted EPS 55c, consensus 33c
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Q3 Financial Performance: Avangrid reported a Q3 revenue of $2.08 billion, an increase from $1.97 billion last year, with CEO Pedro Azagra stating that their financial performance aligns with expectations.
Energy Projects and Contracts: The company is progressing on multi-year rate plans in New York and Maine, recently awarded a significant offshore wind project in Massachusetts, and plans to participate in a major transmission RFP in Maine, supported by a $425 million federal capacity contract.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
