AGR (Avangrid) Other Operating Expense : $1,904 Mil (TTM As of Jun. 2024)

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What is Avangrid Other Operating Expense?

Avangrid's Other Operating Expense for the three months ended in Jun. 2024 was $474 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Jun. 2024 was $1,904 Mil.

Avangrid's quarterly Other Operating Expense increased from Dec. 2023 ($457 Mil) to Mar. 2024 ($494 Mil) but then declined from Mar. 2024 ($494 Mil) to Jun. 2024 ($474 Mil).

Avangrid's annual Other Operating Expense increased from Dec. 2021 ($1,654 Mil) to Dec. 2022 ($1,743 Mil) and increased from Dec. 2022 ($1,743 Mil) to Dec. 2023 ($1,841 Mil).

Avangrid Other Operating Expense Historical Data

The historical data trend for Avangrid's Other Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Avangrid Other Operating Expense Chart

Avangrid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Other Operating Expense

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1,524.00

1,606.00

1,654.00

1,743.00

1,841.00

Avangrid Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Other Operating Expense	Get a 7-Day Free Trial															442.00	479.00	457.00	494.00	474.00

Avangrid Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,904 Mil.

Avangrid Other Operating Expense Related Terms

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Avangrid Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Avangrid Inc (NYSE:AGR) » Definitions » Other Operating Expense

Comparable Companies

EVRG LNT PNW CNP OGE CMS IDA POR AEE TXNM NEE SO DUK LSE:NG. AEP PCG BOM:532555 D PEG EXC

Traded in Other Exchanges

12A:Germany

Address

180 Marsh Hill Road, Orange, CT, USA, 06477

Website

https://www.avangrid.com

Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates nearly 8.6 gigawatts of renewable energy projects across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.6% of Avangrid and has proposed to acquire the remaining shares.

Executives

Alan D Solomont	director	C/O IBERDROLA USA, INC., DURHAM HALL, 52 FARM VIEW DRIVE, NEW GLOUCESTER ME 04260
Justin Lagasse	officer: Interim Controller	C/O AVANGRID, INC., 162 CANCO ROAD, PORTLAND ME 04103
Martin Agustin Delgado	director	162 CANCO ROAD, PORTLAND ME 04103
Banez Garcia Maria Fatima	director	162 CANCO ROAD, PORTLAND ME 04103
Camille Joseph Varlack	director	162 CANCO ROAD, PORTLAND ME 04103
Patricia C Cosgel	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
William Henry White	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
Miranda Soto Jose Antonio	officer: See Below	162 CANCO RD, PORTLAND ME 04103
Joseph A Purington	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
S.a. Iberdrola,	10 percent owner	CARDENAL GARDOQUI, 8, BILBAO U3 48008
Catherine S Stempien	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
Dennis V Arriola	director, officer: Chief Executive Officer	162 CANCO ROAD, PORTLAND ME 04103
Franklyn Reynolds	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
Marra Rodriguez Jose Angel	director	162 CANCO ROAD, PORTLAND ME 04103
David T Flanagan	director, officer: See Below	C/O ENERGY EAST CORPORATON, PO BOX 1290 STE 1955 1 COMMERCE PLAZA, ALBANY NY 12212-2904