AVANGRID (AGR) Tops Q4 EPS by 3c
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Avangrid Reports Full Year & Fourth Quarter 2016 Earnings Results and Provides 2017 Adjusted Earnings Outlook
February 21, 2017 7:00 AM ESTNEW HAVEN, Conn.--(BUSINESS WIRE)-- Today Avangrid, Inc. (NYSE: AGR) reported consolidated net income of $630 million, or $2.04 per share, for the year ended December 31, 2016, compared to $267 million, or $1.05 per share, for the year ended December 31, 2015. For the fourth quarter of 2016, consolidated net income was $207 million, or $0.67 per share, compared to $96 million, or $0.37 per share, for the same period in 2015. These results include full year and fourth quarter 2015 earnings for Avangrid (formerly known as Iberdrola USA, Inc.) and earnings from December 17, 2015 through the end of 2015 for UIL Holdings Corporation (UIL).
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