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 Openings268
Revenue (FY, 2020)$6.3 B
Share Price (Sept 2021)$54(+2%)
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 (8-Sept-2021)

16.7b

Closing stock price (8-Sept-2021)

54.0

Cash (31-Mar-2021)

813.0m

EV

23.6b
AVANGRID's current market capitalization is $16.7 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

97/100

SecurityScorecard 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 and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application

ALBUQUERQUE, N.M., July 30, 2021 /PRNewswire/ -- On Thursday, Joint Applicants Public Service Company of New Mexico (PNM) and AVANGRID (NYSE: AGR). filed documents in the merger application of its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID. In the filings, PNM and...

Ethisphere Recognizes AVANGRID With Compliance Leader Verification™

Ethisphere's Compliance Leader Verification (CLV) recognizes organizations with an outstanding commitment to achieving a best-in-class ethics and compliance program.

Hearings Scheduled on Amended Stipulation for PNM Resources' Merger with AVANGRID

ALBUQUERQUE, N.M., June 1, 2021 /PRNewswire/ -- On Friday, the Hearing Examiner for the New Mexico Public Regulation Commission (NMPRC) set the remaining procedural schedule for the amended stipulation in the merger application of Public Service Company of New Mexico (PNM) and its parent...

Nuclear Regulatory Commission Approves PNM Merger with AVANGRID

ALBUQUERQUE, N.M., May 26, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) and AVANGRID (NYSE: AGR) yesterday received approval from the sixth regulatory entity, the Nuclear Regulatory Commission (NRC), for their proposed merger. With this approval, the only remaining approval is...

Support Continues to Build for Merger as Two Additional Parties Seek to Join PNM and AVANGRID Merger Stipulation

ALBUQUERQUE, N.M., May 25, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID announced two additional parties filed motions to join its merger stipulation before the New Mexico Public...

PNM and AVANGRID Formally File New Mexico Stipulation with Additional Parties

ALBUQUERQUE, N.M., May 7, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID filed a revised stipulation with additional parties in its merger application before the New Mexico Public Regulation...
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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.