Name | Value |
---|---|
Revenues | 1,587.0M |
Cost of Revenue | 1,019.0M |
Gross Profit | 568.0M |
Operating Expense | 442.0M |
Operating I/L | 126.0M |
Other Income/Expense | 33.0M |
Interest Income | 99.0M |
Pretax | 60.0M |
Income Tax Expense | 9.0M |
Net Income/Loss | 85.0M |
Avangrid, Inc. is an energy services holding company that operates in regulated energy transmission and distribution, as well as renewable energy generation in the United States. The company's Networks segment is involved in the generation, transmission, and distribution of electricity, and the distribution, transportation, and sale of natural gas. Its Renewables segment operates renewable energy generation facilities primarily using onshore wind power, solar, biomass, and thermal power. Avangrid delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities, and sells its output to various entities, including investor-owned utilities and public utilities.