AVANGRID, Inc. (AGR) Tops Q1 EPS by 13c

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Go back to AVANGRID, Inc. (AGR) Tops Q1 EPS by 13c

AVANGRID Reports First Quarter 2016 Earnings Results and Increases Outlook

April 25, 2016 11:14 PM EDT

NEW HAVEN, Conn.--(BUSINESS WIRE)-- Today AVANGRID, Inc. (NYSE: AGR) reported consolidated net income of $212.3 million, or $0.69 per share, for the first quarter of 2016, compared to $171.6 million, or $0.56 per share, for the same period in 2015 (adjusted to reflect the combination of AVANGRID with UIL Holdings Corporation). Excluding non-recurring items, described below, consolidated net income was $195.0 million, or $0.63 per share, for the first quarter of 2016, compared to $171.6 million, or $0.56 per share, excluding non-recurring items, for the same period in 2015.

Segment details for AVANGRIDs earnings for the quarter ended March 31, 2016, compared... More