$AGR
Avangrid, Inc.

2024 Q2 Form 10-Q Financial Statement

#000163499724000054 Filed on April 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $1.923B $2.417B $2.466B
YoY Change 21.17% -1.99% 15.61%
Cost Of Revenue $429.0M $724.0M $977.0M
YoY Change 11.43% -25.9% 31.85%
Gross Profit $1.494B $1.693B $1.489B
YoY Change 24.29% 13.7% 6.97%
Gross Profit Margin 77.69% 70.05% 60.38%
Selling, General & Admin $3.000M $3.000M $4.000M
YoY Change 0.0% -25.0% -20.0%
% of Gross Profit 0.2% 0.18% 0.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $310.0M $298.0M $280.0M
YoY Change 8.77% 6.43% 7.28%
% of Gross Profit 20.75% 17.6% 18.8%
Operating Expenses $1.293B $1.286B $1.224B
YoY Change 20.17% 5.07% 12.29%
Operating Profit $201.0M $407.0M $265.0M
YoY Change 59.52% 53.58% -12.25%
Interest Expense -$117.0M -$119.0M $95.00M
YoY Change 23.16% -225.26% 33.8%
% of Operating Profit -58.21% -29.24% 35.85%
Other Income/Expense, Net $57.00M $54.00M $25.00M
YoY Change 96.55% 116.0% 127.27%
Pretax Income $141.0M $342.0M $197.0M
YoY Change 135.0% 73.6% -60.2%
Income Tax $13.00M $20.00M -$18.00M
% Of Pretax Income 9.22% 5.85% -9.14%
Net Earnings $169.0M $351.0M $245.0M
YoY Change 98.82% 43.27% -44.94%
Net Earnings / Revenue 8.79% 14.52% 9.94%
Basic Earnings Per Share $0.44 $0.91 $0.63
Diluted Earnings Per Share $0.44 $0.91 $0.63
COMMON SHARES
Basic Shares Outstanding 386.9M shares 386.8M shares 386.6M shares
Diluted Shares Outstanding 387.4M shares 387.2M shares 387.1M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.0M $152.0M $72.00M
YoY Change 134.48% 111.11% -88.89%
Cash & Equivalents $136.0M $152.0M $72.00M
Short-Term Investments
Other Short-Term Assets $1.299B $1.328B $960.0M
YoY Change 46.61% 38.33% 21.06%
Inventory $504.0M $490.0M $434.0M
Prepaid Expenses
Receivables $1.379B $1.644B $1.669B
Other Receivables $5.000M $5.000M $2.000M
Total Short-Term Assets $3.323B $3.619B $3.140B
YoY Change 20.79% 15.25% -2.76%
LONG-TERM ASSETS
Property, Plant & Equipment $34.06B $33.53B $31.25B
YoY Change 6.67% 7.29% 5.15%
Goodwill $3.119B $3.119B $3.119B
YoY Change 0.0% 0.0% 0.0%
Intangibles $274.0M $280.0M $278.0M
YoY Change -6.8% 0.72% -3.81%
Long-Term Investments $914.0M $885.0M $440.0M
YoY Change 86.53% 101.14% 1.38%
Other Assets $356.0M $3.613B $2.981B
YoY Change -88.17% 21.2% 639.7%
Total Long-Term Assets $42.37B $41.44B $38.32B
YoY Change 9.04% 8.16% 5.52%
TOTAL ASSETS
Total Short-Term Assets $3.323B $3.619B $3.140B
Total Long-Term Assets $42.37B $41.44B $38.32B
Total Assets $45.69B $45.06B $41.46B
YoY Change 9.81% 8.69% 4.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.774B $1.787B $1.578B
YoY Change 30.54% 13.24% 10420.0%
Accrued Expenses $122.0M $131.0M $105.0M
YoY Change 56.41% 24.76% 9.38%
Deferred Revenue $9.000M $9.000M $16.00M
YoY Change -47.06% -43.75% 100.0%
Short-Term Debt $1.947B $2.377B $1.293B
YoY Change 4.23% 83.84% 3594.29%
Long-Term Debt Due $1.468B $729.0M $413.0M
YoY Change 1074.4% 76.51% 46.98%
Total Short-Term Liabilities $6.444B $6.208B $4.570B
YoY Change 38.43% 35.84% 38.48%
LONG-TERM LIABILITIES
Long-Term Debt $10.31B $9.859B $8.243B
YoY Change 23.97% 19.6% 2.61%
Other Long-Term Liabilities $5.425B $5.605B $5.251B
YoY Change -7.96% 6.74% 2.22%
Total Long-Term Liabilities $18.39B $15.46B $16.38B
YoY Change 29.43% -5.58% 1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.444B $6.208B $4.570B
Total Long-Term Liabilities $18.39B $15.46B $16.38B
Total Liabilities $24.84B $25.19B $20.95B
YoY Change 12.24% 20.23% 7.53%
SHAREHOLDERS EQUITY
Retained Earnings $2.195B $2.196B $1.985B
YoY Change 15.53% 10.63% 9.13%
Common Stock $17.71B $17.71B $17.70B
YoY Change 0.06% 0.03% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 108.2K shares
Shareholders Equity $19.89B $19.88B $19.51B
YoY Change
Total Liabilities & Shareholders Equity $45.69B $45.06B $41.46B
YoY Change 9.81% 8.69% 4.85%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $169.0M $351.0M $245.0M
YoY Change 98.82% 43.27% -44.94%
Depreciation, Depletion And Amortization $310.0M $298.0M $280.0M
YoY Change 8.77% 6.43% 7.28%
Cash From Operating Activities $486.0M $153.0M $204.0M
YoY Change -7.6% -25.0% -47.42%
INVESTING ACTIVITIES
Capital Expenditures $1.063B $872.0M $836.0M
YoY Change 33.04% 4.31% 3.08%
Acquisitions
YoY Change
Other Investing Activities -$20.00M -$72.00M $11.00M
YoY Change -132.79% -754.55% -93.6%
Cash From Investing Activities -$1.083B -$944.0M -$819.0M
YoY Change 46.75% 15.26% -13.61%
FINANCING ACTIVITIES
Cash Dividend Paid $170.0M $170.0M
YoY Change 0.0% 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000M $4.000M
YoY Change -25.0% -95.51%
Cash From Financing Activities 581.0M 852.0M $618.0M
YoY Change 193.43% 37.86% -332.33%
NET CHANGE
Cash From Operating Activities 486.0M 153.0M $204.0M
Cash From Investing Activities -1.083B -944.0M -$819.0M
Cash From Financing Activities 581.0M 852.0M $618.0M
Net Change In Cash -16.00M 61.00M $3.000M
YoY Change 14.29% 1933.33% -100.36%
FREE CASH FLOW
Cash From Operating Activities $486.0M $153.0M $204.0M
Capital Expenditures $1.063B $872.0M $836.0M
Free Cash Flow -$577.0M -$719.0M -$632.0M
YoY Change 111.36% 13.77% 49.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P9M
CY2024Q1 us-gaap Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Income Extensible List
FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleList
http://fasb.org/us-gaap/2023#Revenues
CY2023Q1 us-gaap Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Income Extensible List
FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfIncomeExtensibleList
http://fasb.org/us-gaap/2023#Revenues
CY2024Q1 us-gaap Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Other Comprehensive Income Extensible List
FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfOtherComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
CY2023Q1 us-gaap Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Other Comprehensive Income Extensible List
FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfOtherComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Recurring Basis Still Held Unrealized Gain Loss Statement Of Income Extensible List
FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldUnrealizedGainLossStatementOfIncomeExtensibleList
http://fasb.org/us-gaap/2023#Revenues
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Recurring Basis Still Held Unrealized Gain Loss Statement Of Income Extensible List
FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldUnrealizedGainLossStatementOfIncomeExtensibleList
http://fasb.org/us-gaap/2023#Revenues
CY2024Q1 us-gaap Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#UtilitiesOperatingExpensePurchasedPower
CY2023Q1 us-gaap Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#UtilitiesOperatingExpensePurchasedPower
CY2024Q1 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
724000000 usd
CY2023Q1 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
977000000 usd
CY2024Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
792000000 usd
CY2023Q1 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
761000000 usd
CY2024Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
298000000 usd
CY2023Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
280000000 usd
CY2024Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
196000000 usd
CY2023Q1 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
183000000 usd
CY2024Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
2010000000 usd
CY2023Q1 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
2201000000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
407000000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
265000000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
54000000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25000000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6000000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
125000000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
95000000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
342000000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
197000000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18000000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
322000000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
215000000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-29000000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-30000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
351000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
245000000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
386916234 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
386744996 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387239544 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387077213 shares
CY2024Q1 us-gaap Profit Loss
ProfitLoss
322000000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
215000000 usd
CY2024Q1 us-gaap Oci Equity Method Investment Tax
OciEquityMethodInvestmentTax
0 usd
CY2023Q1 us-gaap Oci Equity Method Investment Tax
OciEquityMethodInvestmentTax
0 usd
CY2024Q1 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
0 usd
CY2023Q1 us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
-1000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-15000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
39000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
2000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
18000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-7000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-52000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
46000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
49000000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
368000000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
264000000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-29000000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-30000000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
397000000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
294000000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
152000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91000000 usd
CY2024Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
87000000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
68000000 usd
CY2024Q1 us-gaap Deferred Fuel Cost
DeferredFuelCost
169000000 usd
CY2023Q4 us-gaap Deferred Fuel Cost
DeferredFuelCost
185000000 usd
CY2024Q1 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
321000000 usd
CY2023Q4 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
310000000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
496000000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
429000000 usd
CY2024Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
745000000 usd
CY2023Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
718000000 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
3619000000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
3404000000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33323000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32857000000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
204000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
195000000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
836000000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
718000000 usd
CY2024Q1 us-gaap Other Long Term Investments
OtherLongTermInvestments
49000000 usd
CY2023Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
46000000 usd
CY2024Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
3061000000 usd
CY2023Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
2811000000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
3119000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
3119000000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
280000000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
284000000 usd
CY2024Q1 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
185000000 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
162000000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
386000000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
393000000 usd
CY2024Q1 us-gaap Other Assets
OtherAssets
3970000000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
3958000000 usd
CY2024Q1 us-gaap Assets
Assets
45062000000 usd
CY2023Q4 us-gaap Assets
Assets
43989000000 usd
CY2024Q1 agr Long Term Debt Current Maturities Excluding Current Notes Payable
LongTermDebtCurrentMaturitiesExcludingCurrentNotesPayable
729000000 usd
CY2023Q4 agr Long Term Debt Current Maturities Excluding Current Notes Payable
LongTermDebtCurrentMaturitiesExcludingCurrentNotesPayable
612000000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
116000000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
104000000 usd
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1769000000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1924000000 usd
CY2024Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
171000000 usd
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
170000000 usd
CY2024Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
88000000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
66000000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16000000 usd
CY2024Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
66000000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
64000000 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
584000000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
662000000 usd
CY2024Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
275000000 usd
CY2023Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
261000000 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
6208000000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5239000000 usd
CY2024Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
2676000000 usd
CY2023Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
2694000000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2501000000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2451000000 usd
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
979000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
996000000 usd
CY2024Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
546000000 usd
CY2023Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
554000000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
208000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
199000000 usd
CY2024Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
116000000 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
111000000 usd
CY2024Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
310000000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
306000000 usd
CY2024Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
243000000 usd
CY2023Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
254000000 usd
CY2024Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
527000000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
525000000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5430000000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5396000000 usd
CY2024Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
17965000000 usd
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
18074000000 usd
CY2024Q1 us-gaap Liabilities
Liabilities
24173000000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
23313000000 usd
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
388008132 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
387872787 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
386906260 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
386770915 shares
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
4000000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
4000000 usd
CY2024Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
17702000000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
17701000000 usd
CY2024Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
47000000 usd
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
47000000 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2196000000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2015000000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
21000000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-25000000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
19876000000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
19648000000 usd
CY2024Q1 us-gaap Minority Interest
MinorityInterest
1013000000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
1028000000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20889000000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20676000000 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
45062000000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43989000000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
322000000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
215000000 usd
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
298000000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
280000000 usd
CY2024Q1 agr Amortization Of Regulatory Assets Liabilities
AmortizationOfRegulatoryAssetsLiabilities
15000000 usd
CY2023Q1 agr Amortization Of Regulatory Assets Liabilities
AmortizationOfRegulatoryAssetsLiabilities
-32000000 usd
CY2024Q1 us-gaap Pension Expense
PensionExpense
-3000000 usd
CY2023Q1 us-gaap Pension Expense
PensionExpense
-3000000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6000000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 usd
CY2024Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3000000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6000000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
17000000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-4000000 usd
CY2024Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4000000 usd
CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1000000 usd
CY2024Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
22000000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
5000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
141000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-82000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
255000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
96000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-32000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-242000000 usd
CY2024Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-13000000 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-2000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
153000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
204000000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
872000000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
836000000 usd
CY2024Q1 us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
40000000 usd
CY2023Q1 us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
19000000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2000000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6000000 usd
CY2024Q1 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
0 usd
CY2023Q1 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
1000000 usd
CY2024Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2000000 usd
CY2023Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2000000 usd
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
116000000 usd
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
11000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-944000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-819000000 usd
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000 usd
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4000000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1000000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1000000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-2000000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2024Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
39000000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3000000 usd
CY2024Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
53000000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
74000000 usd
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
170000000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
170000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
852000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
618000000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
61000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72000000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
155000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75000000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
103000000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
56000000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3000000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20342000000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
215000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
17000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
49000000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
264000000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.44
CY2023Q1 us-gaap Dividends
Dividends
170000000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3000000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3000000 usd
CY2023Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
74000000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20510000000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20676000000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
322000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
17000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
46000000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
368000000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.44
CY2024Q1 us-gaap Dividends
Dividends
170000000 usd
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-2000000 usd
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-2000000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3000000 usd
CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
39000000 usd
CY2024Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
53000000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20889000000 usd
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
Background and Nature of Operations<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Avangrid, Inc. (Avangrid, we or the Company) is an energy services holding company engaged in the regulated energy transmission and distribution business through its principal subsidiary, Avangrid Networks, Inc. (Networks), and in the renewable energy generation business through its principal subsidiary, Avangrid Renewables Holding, Inc. (ARHI). ARHI in turn holds subsidiaries including Avangrid Renewables, LLC (Renewables). Iberdrola, S.A. (Iberdrola), a corporation organized under the laws of the Kingdom of Spain, owns 81.6% of the outstanding common stock of Avangrid. The remaining outstanding shares are owned by various shareholders, with approximately 14.7% of Avangrid's outstanding shares publicly-traded on the New York Stock Exchange (NYSE).</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Non-binding proposal from Iberdrola</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div>On March 6, 2024, the Unaffiliated Committee (Committee) of the Board of Directors of Avangrid received a non-binding proposal from Iberdrola to acquire all of the issued and outstanding shares of common stock not owned by Iberdrola or its affiliates for $34.25 in cash per share. The Committee will review, evaluate, negotiate, and approve or disapprove the proposal, advised by independent legal and financial advisers, as well as any other alternative proposals or other strategic alternatives that may be available to Avangrid. No decision has yet been made with respect to Avangrid’s response to the proposal or any alternatives thereto and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that the transaction proposed in the proposal or any other transaction will be approved or completed. The consummation of the proposed transaction is conditioned upon the approval of the proposed transaction by the Committee and by the shareholders of Avangrid that hold in the aggregate a majority of the outstanding shares of common stock that are not held by Iberdrola and its affiliates
CY2024Q1 agr Non Binding Proposal To Acquire Common Stock Price
NonBindingProposalToAcquireCommonStockPrice
34.25
CY2024Q1 us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying condensed consolidated financial statements should be read in conjunction with the Form 10-K for the fiscal year ended December 31, 2023.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited financial statements are prepared on a consolidated basis and include the accounts of Avangrid and its consolidated subsidiaries, Networks and ARHI. All intercompany transactions and accounts have been eliminated in consolidation. The year-end balance sheet data was derived from audited financial statements. The unaudited condensed consolidated financial statements for the interim periods have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the interim condensed consolidated financial statements do not include all the information and note disclosures required by U.S. GAAP for complete financial statements.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments necessary to present fairly our condensed consolidated financial statements for the interim periods described herein. All such adjustments are of a normal and recurring nature, except as otherwise disclosed. The results for the three months ended March 31, 2024, are not necessarily indicative of the results for the entire fiscal year ending December 31, 2024.</span></div>
CY2024Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
19000000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
9000000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
18000000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9000000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
17000000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2270000000 usd
CY2024Q1 us-gaap Lease Income
LeaseIncome
2000000 usd
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
87000000 usd
CY2024Q1 agr Alternative Revenue Programs
AlternativeRevenuePrograms
43000000 usd
CY2024Q1 us-gaap Results Of Operations Revenue Other
ResultsOfOperationsRevenueOther
15000000 usd
CY2024Q1 us-gaap Revenues
Revenues
2417000000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2289000000 usd
CY2023Q1 us-gaap Lease Income
LeaseIncome
2000000 usd
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
122000000 usd
CY2023Q1 agr Alternative Revenue Programs
AlternativeRevenuePrograms
37000000 usd
CY2023Q1 us-gaap Results Of Operations Revenue Other
ResultsOfOperationsRevenueOther
16000000 usd
CY2023Q1 us-gaap Revenues
Revenues
2466000000 usd
CY2024Q1 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
1529000000 usd
CY2023Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
1441000000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
426000000 usd
CY2024Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
426000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
102000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
58000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
33000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
50000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
257000000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
116000000 usd
CY2024Q1 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
1157000000 usd
CY2023Q2 agr Deferred Storm Costs Amortization Period
DeferredStormCostsAmortizationPeriod
P10Y
CY2024Q1 agr Percentage Of Standard Service Customers With Wholesale Power Supply Agreements In Place For Second Half Of Next Fiscal Year
PercentageOfStandardServiceCustomersWithWholesalePowerSupplyAgreementsInPlaceForSecondHalfOfNextFiscalYear
0.50
CY2022Q2 agr Energy Legislation Customer Compensation And Reimbursement Provisions Power Outage Hours Benchmark
EnergyLegislationCustomerCompensationAndReimbursementProvisionsPowerOutageHoursBenchmark
96 hour
CY2022Q2 agr Energy Legislation Customer Compensation And Reimbursement Provisions Customer Payment Per Day
EnergyLegislationCustomerCompensationAndReimbursementProvisionsCustomerPaymentPerDay
25 usd
CY2022Q2 agr Energy Legislation Customer Compensation And Reimbursement Provisions Power Outage Hours Benchmark
EnergyLegislationCustomerCompensationAndReimbursementProvisionsPowerOutageHoursBenchmark
96 hour
CY2022Q2 agr Energy Legislation Customer Compensation And Reimbursement Provisions Food And Medicine Reimbursement
EnergyLegislationCustomerCompensationAndReimbursementProvisionsFoodAndMedicineReimbursement
250 usd
CY2021Q2 agr Public Utilities Notice Of Violation Civil Penalty Amount
PublicUtilitiesNoticeOfViolationCivilPenaltyAmount
2000000 usd
CY2021Q3 agr Public Utilities Notice Of Violation Civil Penalty Amount
PublicUtilitiesNoticeOfViolationCivilPenaltyAmount
1000000 usd
CY2024Q1 us-gaap Regulatory Assets
RegulatoryAssets
3806000000 usd
CY2023Q4 us-gaap Regulatory Assets
RegulatoryAssets
3529000000 usd
CY2024Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
745000000 usd
CY2023Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
718000000 usd
CY2024Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
3061000000 usd
CY2023Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
2811000000 usd
CY2024Q1 agr Unfunded Future Income Tax Expense Collection Period
UnfundedFutureIncomeTaxExpenseCollectionPeriod
P46Y
CY2024Q1 us-gaap Regulatory Liabilities
RegulatoryLiabilities
2951000000 usd
CY2023Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
2955000000 usd
CY2024Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
275000000 usd
CY2023Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
261000000 usd
CY2024Q1 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
2676000000 usd
CY2023Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
2694000000 usd
CY2024Q1 agr Derivative Delivery Period
DerivativeDeliveryPeriod
P2Y
CY2024Q1 agr Derivative Delivery Period
DerivativeDeliveryPeriod
P2Y
CY2024Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
48000000 usd
CY2024Q1 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
95000000 usd
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
272000000 usd
CY2024Q1 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
126000000 usd
CY2024Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
182000000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
45000000 usd
CY2023Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
81000000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
230000000 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
172000000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
175000000 usd
CY2023Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
36000000 usd
CY2022Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
16000000 usd
CY2024Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInEarnings
3000000 usd
CY2023Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInEarnings
0 usd
CY2024Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInEarnings
19000000 usd
CY2023Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInEarnings
3000000 usd
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-16000000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-3000000 usd
CY2024Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInOtherComprehensiveIncomeLoss
1000000 usd
CY2023Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInOtherComprehensiveIncomeLoss
11000000 usd
CY2024Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInOtherComprehensiveIncomeLoss
6000000 usd
CY2023Q1 agr Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInOtherComprehensiveIncomeLoss
3000000 usd
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
-5000000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
8000000 usd
CY2024Q1 agr Changes In Fair Value Derivatives Recognized In Regulatory Assets And Liabilities Net
ChangesInFairValueDerivativesRecognizedInRegulatoryAssetsAndLiabilitiesNet
5000000 usd
CY2023Q1 agr Changes In Fair Value Derivatives Recognized In Regulatory Assets And Liabilities Net
ChangesInFairValueDerivativesRecognizedInRegulatoryAssetsAndLiabilitiesNet
4000000 usd
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
-1000000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
-9000000 usd
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
3000000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
20000000 usd
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
18000000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
14000000 usd
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-16000000 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-3000000 usd
CY2024Q1 agr Derivative Delivery Period
DerivativeDeliveryPeriod
P2Y
CY2024Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
10136000000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
10266000000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
125000000 usd
CY2024Q1 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
724000000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
95000000 usd
CY2023Q1 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
977000000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
125000000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
95000000 usd
CY2024Q1 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
27000000 usd
CY2024Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
63000000 usd
CY2024Q1 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
13000000 usd
CY2024Q1 agr Standby Letters Of Credit Surety Bonds Guarantees And Indemnifications Outstanding
StandbyLettersOfCreditSuretyBondsGuaranteesAndIndemnificationsOutstanding
918000000 usd
CY2021Q1 agr Future Payments Committed
FuturePaymentsCommitted
90000000 usd
CY2021 agr Necec Commitment Payment During Period
NECECCommitmentPaymentDuringPeriod
11000000 usd
CY2024Q1 agr Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
24 site
CY2024Q1 agr Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
24 site
CY2024Q1 agr Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
24 site
CY2024Q1 agr Number Of Inactive Hazardous Waste Disposal Sites With Liability Recorded
NumberOfInactiveHazardousWasteDisposalSitesWithLiabilityRecorded
6 site
CY2024Q1 agr Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
24 site
CY2024Q1 agr Number Of Inactive Hazardous Waste Disposal Sites Not Expected To Incur Additional Liabilities
NumberOfInactiveHazardousWasteDisposalSitesNotExpectedToIncurAdditionalLiabilities
18 site
CY2024Q1 agr Number Of Additional Inactive Hazardous Waste Disposal Sites With Liability Recorded
NumberOfAdditionalInactiveHazardousWasteDisposalSitesWithLiabilityRecorded
10 site
CY2024Q1 agr Number Of Sites Where Gas Was Manufactured In The Past
NumberOfSitesWhereGasWasManufacturedInThePast
53 site
CY2024Q1 agr Number Of Manufacturing Sites Consent Orders To Investigate And Remediate
NumberOfManufacturingSitesConsentOrdersToInvestigateAndRemediate
41 site
CY2024Q1 agr Number Of Sites Where Gas Was Manufactured In The Past
NumberOfSitesWhereGasWasManufacturedInThePast
53 site
CY2024Q1 agr Number Of Sites Where Gas Was Manufactured In The Past
NumberOfSitesWhereGasWasManufacturedInThePast
53 site
CY2024Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
245000000 usd
CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
250000000 usd
us-gaap Accrual For Environmental Loss Contingencies Period Increase Decrease
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
35000000 usd
CY2024Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1000000 usd
CY2024Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
27000000 usd
CY2024Q1 agr Common Stock Held In Trust Shares
CommonStockHeldInTrustShares
103889 shares
CY2023Q4 agr Common Stock Held In Trust Shares
CommonStockHeldInTrustShares
103889 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 agr Common Stock Shares Held In Trust Released During Period
CommonStockSharesHeldInTrustReleasedDuringPeriod
0 shares
CY2023Q1 agr Common Stock Shares Held In Trust Released During Period
CommonStockSharesHeldInTrustReleasedDuringPeriod
0 shares
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
997983 shares
CY2024Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
47000000 usd
CY2024Q1 us-gaap Oci Equity Method Investment Tax
OciEquityMethodInvestmentTax
0 usd
CY2023Q1 us-gaap Oci Equity Method Investment Tax
OciEquityMethodInvestmentTax
0 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-15000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
2000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
18000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
46000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
49000000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
351000000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
351000000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
245000000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
245000000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
386916234 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
386744996 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387239544 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
387077213 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 us-gaap Revenues
Revenues
2417000000 usd
CY2024Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
298000000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
407000000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6000000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
125000000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000 usd
CY2024Q1 agr Adjusted Net Income
AdjustedNetIncome
341000000 usd
CY2024Q1 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
872000000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33323000000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
836000000 usd
CY2024Q1 us-gaap Assets
Assets
45062000000 usd
CY2023Q1 us-gaap Revenues
Revenues
2466000000 usd
CY2023Q1 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
280000000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
265000000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
95000000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18000000 usd
CY2023Q1 agr Adjusted Net Income
AdjustedNetIncome
248000000 usd
CY2023Q1 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
836000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32857000000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
718000000 usd
CY2023Q4 us-gaap Assets
Assets
43989000000 usd
CY2024Q1 agr Adjusted Net Income
AdjustedNetIncome
341000000 usd
CY2023Q1 agr Adjusted Net Income
AdjustedNetIncome
248000000 usd
CY2024Q1 agr Change In Fair Value Of Derivative Instruments Due To Mark To Market Adjustment Renewables
ChangeInFairValueOfDerivativeInstrumentsDueToMarkToMarketAdjustmentRenewables
-17000000 usd
CY2023Q1 agr Change In Fair Value Of Derivative Instruments Due To Mark To Market Adjustment Renewables
ChangeInFairValueOfDerivativeInstrumentsDueToMarkToMarketAdjustmentRenewables
4000000 usd
CY2024Q1 agr Accelerated Depreciation From Repowering
AcceleratedDepreciationFromRepowering
3000000 usd
CY2023Q1 agr Accelerated Depreciation From Repowering
AcceleratedDepreciationFromRepowering
0 usd
CY2024Q1 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
4000000 usd
CY2023Q1 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-1000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
351000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
245000000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
161000000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
155000000 usd
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
46000000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17000000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
38000000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
24000000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
169000000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
148000000 usd
CY2024Q1 agr Prepaid Other Taxes
PrepaidOtherTaxes
164000000 usd
CY2023Q4 agr Prepaid Other Taxes
PrepaidOtherTaxes
142000000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12732000000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12479000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
357000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
351000000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
553000000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
239000000 usd
CY2024Q1 us-gaap Commercial Paper
CommercialPaper
1864000000 usd
CY2023Q4 us-gaap Commercial Paper
CommercialPaper
1332000000 usd
CY2024Q1 agr Advances Received
AdvancesReceived
224000000 usd
CY2023Q4 agr Advances Received
AdvancesReceived
236000000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.058
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.091
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000 usd
CY2024Q1 agr Tef Agreement Amount Expected From Tax Equity Investors In Installments
TEFAgreementAmountExpectedFromTaxEquityInvestorsInInstallments
1100000000 usd
CY2023Q4 agr Tef Agreement Total Indemnified Amount
TEFAgreementTotalIndemnifiedAmount
43000000 usd

Files In Submission

Name View Source Status
0001634997-24-000054-index-headers.html Edgar Link pending
0001634997-24-000054-index.html Edgar Link pending
0001634997-24-000054.txt Edgar Link pending
0001634997-24-000054-xbrl.zip Edgar Link pending
agr-20240331.htm Edgar Link pending
agr-20240331.xsd Edgar Link pending
agr-20240331_g1.jpg Edgar Link pending
agr-ex311xq12024.htm Edgar Link pending
agr-ex312xq12024.htm Edgar Link pending
agr-ex32xq12024.htm Edgar Link pending
agr-20240331_cal.xml Edgar Link unprocessable
agr-20240331_def.xml Edgar Link unprocessable
agr-20240331_lab.xml Edgar Link unprocessable
agr-20240331_pre.xml Edgar Link unprocessable
agr-20240331_htm.xml Edgar Link completed
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable