Avangrid reports Q2 adjusted EPS 21c, consensus 40c

Reports Q2 revenue $1.6B, consensus $1.83B. “We continued to make significant progress on many core business and strategic initiatives, while year-to-date results primarily reflect the timing impacts of regulatory approvals and renewables transactions expected later in the year,” said Pedro Azagra, CEO of Avangrid. “For the remainder of the year, we will focus on execution in order to meet our financial targets while leveraging long-term opportunities for additional future growth.”