Avangrid Inc - Company Profile
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Avangrid, Inc. (AVANGRID), a subsidiary of Iberdrola SA, is involved in the generation, transmission, and distribution of electricity. It owns and operates electricity generation and natural gas storage utilities. The company is also engaged in the distribution and transportation of natural gas. AVANGRID operates regulated utilities and electricity generation businesses through two primary lines of business networks, Avangrid Networks and Avangrid Renewables. It also operates a portfolio of renewable energy generation facilities using onshore wind power, solar, biomass, and thermal power. The company primarily distributes electricity and natural gas in New York and New England. AVANGRID is headquartered in Orange, Connecticut, the US.
Headquarters
United States of America
Address
180 Marsh Hill Rd, Orange, Connecticut, 06477
Website
www.avangrid.com
Telephone
1 207 5300977
No of Employees
7,999
Industry
Alternative Energy
Ticker Symbol & Exchange
AGR (NYSE)
Revenue (2022)
$8.3B
4.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-10.8%
(2022 vs 2021)
Market Cap*
$13.8B
Net Profit Margin (2022)
XYZ
-14.9%
(2022 vs 2021)
* As of and is in US$
Avangrid Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Electric Transmission |
| Electricity | Electric Distribution |
| Natural Gas Distribution | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In April, the company commenced the construction at the Camino Solar Project in Kern County, California, the US. |
| 2024 | Regulatory Approval | In April, the company secured approval from the US Department of the Interior for its 2.6GW New England Wind offshore wind farm. |
| 2024 | Others | In April, the company secured ROD clearance from the Biden Administration for its New England offshore wind farm. |
Competitor Comparison
| Key Parameters | Avangrid Inc | DTE Energy Co | Eversource Energy | Ameren Corp | Alliant Energy Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Orange | Detroit | Springfield | St. Louis | Madison |
| State/Province | Connecticut | Michigan | Massachusetts | Missouri | Wisconsin |
| No. of Employees | 7,999 | 9,950 | 10,171 | 9,372 | 3,281 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ignacio Sanchez Galan | Chairman | Executive Board | 2014 | 72 |
| Pedro Azagra Blazquez | Chief Executive Officer; Director | Executive Board | 2022 | 54 |
| Justin Lagasse | Controller; Chief Financial Officer; Senior Vice President | Senior Management | 2024 | - |
| Robert D. Kump | President; Deputy Chief Executive Officer | Senior Management | 2019 | - |
| Kyra Patterson | Chief Human Resources Officer; Senior Vice President | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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