OverviewSuggest Edit

AVANGRID is a diversified energy and utility company operating regulated utilities and electricity generation through two primary lines of business: Avangrid Networks and Avangrid Renewables. The company is engaged in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. AVANGRID delivers natural gas and electricity to residential, commercial, and institutional customers.

TypePublic
Founded1852
HQOrange, CT, US
Websiteavangrid.com
Employee Ratings3.4
Overall CultureC

Latest Updates

Employees (est.) (Dec 2019)6,597(+3%)
Job Openings186
Revenue (FY, 2020)$6.3 B
Share Price (May 2021)$51
Cybersecurity ratingAMore

Key People/Management at AVANGRID

Doug Stuver

Doug Stuver

SVP, CFO
James P. Torgerson

James P. Torgerson

CEO
Robert Kump

Robert Kump

President & Chief Executive Officer, Avangrid Networks
Scott Tremble

Scott Tremble

Controller, SVP
Scott Mahoney

Scott Mahoney

General Counsel, Secretary, SVP
Peter Church

Peter Church

SVP of HR
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AVANGRID Office Locations

AVANGRID has an office in Orange
Orange, CT, US (HQ)
180 Marsh Hill Rd
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AVANGRID Financials and Metrics

AVANGRID Revenue

AVANGRID's revenue was reported to be $6.32 b in FY, 2020
USD

Revenue (Q1, 2021)

2.0b

Net income (Q1, 2021)

321.0m

EBIT (Q1, 2021)

406.0m

Market capitalization (3-May-2021)

15.8b

Closing stock price (3-May-2021)

51.0

Cash (31-Mar-2021)

813.0m

EV

22.6b
AVANGRID's current market capitalization is $15.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

6.0b6.5b6.3b6.3b

Revenue growth, %

9%(2%)

Cost of goods sold

3.5b3.9b3.8b

Gross profit

2.4b2.6b2.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.9b1.4b1.5b1.8b1.4b1.5b1.8b1.4b1.5b2.0b

Cost of goods sold

1.1b812.0m916.0m1.1b832.0m867.0m1.0b849.0m893.0m

Gross profit

762.0m590.0m630.0m726.0m568.0m620.0m744.0m543.0m577.0m

Gross profit Margin, %

41%42%41%39%41%42%42%39%39%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

41.0m36.0m178.0m1.5b

Accounts Receivable

1.0b1.1b1.1b1.2b

Prepaid Expenses

33.0m43.0m34.0m525.0m

Inventories

214.0m235.0m251.0m169.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

40.0m52.0m32.0m33.0m166.0m103.0m26.0m46.0m101.0m813.0m

Accounts Receivable

1.1b986.0m1.1b1.3b1.0b966.0m1.1b969.0m1.0b1.3b

Prepaid Expenses

534.0m

Inventories

180.0m210.0m243.0m194.0m219.0m249.0m221.0m234.0m257.0m171.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

382.0m598.0m676.0m539.0m

Depreciation and Amortization

824.0m855.0m934.0m1.0b

Inventories

12.0m(14.0m)

Accounts Payable

81.0m85.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

238.0m348.0m482.0m216.0m321.0m460.0m230.0m306.0m387.0m321.0m

Depreciation and Amortization

203.0m418.0m644.0m222.0m444.0m681.0m251.0m493.0m748.0m247.0m

Inventories

36.0m8.0m(23.0m)

Accounts Payable

(51.0m)(104.0m)(36.0m)
USDFY, 2017

Revenue/Employee

907.6k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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AVANGRID Operating Metrics

FY, 2017FY, 2018FY, 2019

Customers (Avangrid Networks)

3.2 m3.2 m3.3 m

Electricity Capacity Owned (Avangrid Renewables), GW

7.17.28

Electricity Customers (New York State Electric & Gas Corporation)

893.78 k898.69 k902.59 k

Manufacturing Facilities, sq. ft.

839.99 k562.82 k548.94 k
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AVANGRID Acquisitions / Subsidiaries

Company NameDateDeal Size
PNM ResourcesOctober 21, 2020$4.3 b
Avangrid Networks, Inc.
Avangrid Renewables Holdings, Inc.
Avangrid Renewables, LLC
Central Maine Power Company
Connecticut Natural Gas Corporation
Maine Natural Gas Corporation
New York State Electric & Gas Corporation
Rochester Gas and Electric Corporation
The Berkshire Gas Company
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AVANGRID Revenue Breakdown

Embed Graph

AVANGRID revenue breakdown by business segment: 81.3% from Networks, 18.7% from Renewables and 0.0% from Other

AVANGRID Cybersecurity Score

Cybersecurity ratingPremium dataset

A

99/100

SecurityScorecard logo

AVANGRID Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

AVANGRID Online and Social Media Presence

Embed Graph

AVANGRID Company Culture

  • Overall Culture

    C

    72/100

  • CEO Rating

    A+

    85/100

  • Compensation

    D

    55/100

Learn more on Comparably

AVANGRID News and Updates

PNM Resources Merger with AVANGRID Approved by Public Utility Commission of Texas

ALBUQUERQUE, N.M., May 6, 2021 /PRNewswire/ -- Today, the Public Utility Commission of Texas (PUCT) voted to approve the unanimous stipulation and agreement among parties for the merger of PNM Resources, Inc. (NYSE: PNM), including its Texas utility subsidiary, Texas-New Mexico Power...

Avangrid Spins Profit From Wind Farms During Texas Freeze

Avangrid Spins Profit From Wind Farms During Texas Freeze

Avangrid Breeds California Condors To Quash Wind Turbine Death Smear

The renewable energy developer Avangrid claps back at wind turbine bird death canard with new condor breeding program.

Avangrid & Vistra Energy: Income Stocks To Own

Two major developments in the past month promise a favorable reversal of fortune for Avangrid. Vistra Energy is meanwhile consistently shaving costs from its business and debt from its balance sheet while gaining market share with acquisitions and “greening” its generation fleet.

Avangrid Renewables Expands Local Presence in Virginia Beach for the Kitty Hawk Offshore Wind Project

Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), developer of the Kitty Hawk Offshore Wind project, is pleased to announce the opening of a new Virginia field office to support project development and help ignite a new industry off the coast of Virginia and North Carolina. The a…
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AVANGRID Frequently Asked Questions

  • When was AVANGRID founded?

    AVANGRID was founded in 1852.

  • Who are AVANGRID key executives?

    AVANGRID's key executives are Doug Stuver, James P. Torgerson and Robert Kump.

  • How many employees does AVANGRID have?

    AVANGRID has 6,597 employees.

  • What is AVANGRID revenue?

    Latest AVANGRID annual revenue is $6.3 b.

  • What is AVANGRID revenue per employee?

    Latest AVANGRID revenue per employee is $958 k.

  • Who are AVANGRID competitors?

    Competitors of AVANGRID include EGCO, Edison and OGE Energy.

  • Where is AVANGRID headquarters?

    AVANGRID headquarters is located at 180 Marsh Hill Rd, Orange.

  • Where are AVANGRID offices?

    AVANGRID has an office in Orange.

  • How many offices does AVANGRID have?

    AVANGRID has 1 office.