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Avangrid Income Statement 2023-2011 | AGR
Brief overview of financial performance at Avangrid
The figures are compared over a five-year interval. The revenue attributed to Avangrid moved from $6.5 billion to $8.3 billion between the two endpoints. The cumulative result was +28.3%, corresponding to roughly 5.1% per year. The direction is positive, but the growth rate is not particularly high.
EBITDA was $2 billion at the beginning and $2.1 billion at the end of the period (+5.9%). EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of 30.4% and 25.1%. The margin contraction indicates weaker operating efficiency.
Net income changed from 587 million dollars to 786 million dollars (+33.9%). Profit changed without establishing a distinct trend.
Market capitalization changed from 13.1 billion dollars to 12.3 billion dollars (−5.8%). The market did not materially reprice the business.
What the figures show
The financial profile remains mixed, with strengths and risks moving in different directions. The financial profile benefits from sales growth and a stronger final result. The overall view is constrained by weaker operating efficiency. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Avangrid
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
12.3 B | 15.9 B | 15.6 B | 13.3 B | 13.9 B | 13.1 B | 12.7 B | 11 B | 7.76 B | - | - | - | - |
Shares |
387 M | 387 M | 358 M | 309 M | 309 M | 310 M | 310 M | 310 M | 255 M | 252 M | 252 M | - | - |
Historical Prices |
31.9 | 41 | 43.6 | 42.9 | 45 | 42.3 | 41 | 35.4 | 30.5 | - | - | - | - |
Net Income |
786 M | 881 M | 707 M | 581 M | 667 M | 587 M | 381 M | 632 M | 273 M | 424 M | -51 M | 104 M | 99.7 M |
Revenue |
8.31 B | 7.92 B | 6.97 B | 6.32 B | 6.34 B | 6.48 B | 5.96 B | 6.02 B | 1.15 B | 1.12 B | 1.62 B | 1.49 B | 1.57 B |
Gross Profit |
- | - | - | - | 2.53 B | 2.58 B | 2.41 B | 2.53 B | 1.59 B | 545 M | 569 M | 526 M | 883 M |
Operating Income |
930 M | 852 M | 895 M | 869 M | 998 M | 1.12 B | 505 M | 1.19 B | 513 M | 885 M | 179 M | - | - |
Interest Expense |
409 M | 303 M | 298 M | 316 M | 310 M | 303 M | 280 M | 268 M | 267 M | 243 M | 245 M | - | - |
EBITDA |
2.09 B | 1.94 B | 1.91 B | 1.86 B | 1.93 B | 1.97 B | 1.33 B | 2 B | 1.21 B | 1.51 B | 773 M | 415 M | 387 M |
Operating Expenses |
- | - | - | - | 1.52 B | 1.43 B | 1.39 B | 1.33 B | 1.06 B | 292 M | 320 M | 292 M | 664 M |
General and Administrative Expenses |
- | - | - | - | - | - | - | - | - | 2.2 M | 70 K | -3.49 M | - |
All numbers in USD currency
Quarterly Income Statement Avangrid
| 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 387 M | 347 M | 309 M | 309 M | 309 M | 310 M | 309 M | 310 M | 309 M | 309 M | 309 M | 310 M | 309 M | 310 M | 310 M | 310 M | 309 M | 310 M | 310 M | 310 M | 309 M | 310 M | 310 M | 309 M | 243 | 252 M | 252 M | 252 M | 243 | - | - | 252 M | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
205 M | 169 M | 351 M | - | 59 M | 85 M | 245 M | - | 105 M | 184 M | 445 M | - | 111 M | 98 M | 334 M | - | 87 M | 88 M | 240 M | 223 M | 150 M | 110 M | 217 M | 119 M | 125 M | 107 M | 244 M | -77 M | 99 M | 120 M | 239 M | 209 M | 109 M | 102 M | 212 M | 96 M | 54 M | 11 M | 106 M | 97 M | 64 M | 63 M | 200 M | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
2.08 B | 1.92 B | 2.42 B | - | 1.97 B | 1.59 B | 2.47 B | - | 1.84 B | 1.79 B | 2.13 B | - | 1.6 B | 1.48 B | 1.97 B | - | 1.47 B | 1.39 B | 1.79 B | 1.61 B | 1.49 B | 1.4 B | 1.84 B | 1.66 B | 1.55 B | 1.4 B | 1.86 B | 1.53 B | 1.34 B | 1.33 B | 1.76 B | 1.49 B | 1.42 B | 1.44 B | 1.67 B | 1.15 B | 1.05 B | 939 M | 1.23 B | 1.12 B | 982 M | 938 M | 1.56 B | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
254 M | 201 M | 407 M | - | 89 M | 126 M | 265 M | - | 112 M | 221 M | 302 M | - | 138 M | 131 M | 406 M | - | 165 M | 155 M | 327 M | 216 M | 239 M | 207 M | 341 M | 249 M | 253 M | 222 M | 403 M | -392 M | 189 M | 223 M | 398 M | 306 M | 217 M | 322 M | 349 M | 83 M | 161 M | 73 M | 196 M | 186 M | 153 M | 132 M | 414 M | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
65 M | 57 M | 125 M | - | 107 M | 99 M | 95 M | - | 76 M | 79 M | 71 M | - | 70 M | 75 M | 73 M | - | 86 M | 89 M | 76 M | - | 72 M | 76 M | 78 M | - | 75 M | 70 M | 74 M | - | 71 M | 68 M | 71 M | - | 60 M | 68 M | 84 M | - | 64 M | 66 M | 61 M | - | 61 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
1.19 B | 809 M | 705 M | - | 957 M | 691 M | 545 M | - | 923 M | 753 M | 563 M | - | 894 M | 628 M | 653 M | - | 913 M | 648 M | 578 M | 216 M | 920 M | 651 M | 563 M | 249 M | 897 M | 640 M | 606 M | -392 M | 394 M | 429 M | 595 M | 306 M | 420 M | 535 M | 554 M | 83 M | 324 M | 260 M | 371 M | 186 M | 312 M | 132 M | 414 M | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Avangrid (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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