A Gas Pipeline is a pipe used to transport gas from gas wells to the processing units and then to a distribution system. Longer gas pipeline miles indicate a larger area / more customers the company would cover, which might lead to a higher gas consumption and a higher revenue.
Avangrid's Total Gas Pipeline Miles for the annual that ended in Dec. 2023 was 26,673.00
, which higher from pervious year (Dec. 2022)'s result by 12.62%.
The historical rank and industry rank for Avangrid's Total Gas Pipeline Miles or its related term are showing as below:
AGR's Total Gas Pipeline Miles is not ranked *
in the Utilities - Regulated industry.
Industry Median: * Ranked among companies with meaningful Total Gas Pipeline Miles only.
Avangrid Total Gas Pipeline Miles Historical Data
The historical data trend for Avangrid's Total Gas Pipeline Miles 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.
Competitive Comparison of Avangrid's Total Gas Pipeline Miles
For the Utilities - Regulated Electric subindustry, Avangrid's Total Gas Pipeline Miles, along with its competitors' market caps and Total Gas Pipeline Miles data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Avangrid (NYSE:AGR) Total Gas Pipeline Miles Explanation
A Gas Pipeline is a pipe used to transport gas from gas wells to the processing units and then to a distribution system. Natural gas is directly delivered to homes or businesses through a broad network of Gas Pipelines. The Gas Pipelines are not only used to transport the gas in the local areas but also across international borders, as they are very useful to the countries that produce gas for export to other countries.
Longer gas pipeline miles indicate a larger area/ more customers the company would cover, which might lead to a higher gas consumption and a higher revenue.
The pipelines have three different forms and each of them serves a different purpose within its network:
• Pipelines with small diameters are used to transport the gas at low pressure from the wells to the processing units.
• Interstate, intrastate and international transmission pipelines are used to transport the gas with high-pressure from the processing units to the areas they are required to be transported. When gas is transported through these long pipelines, it is required to be passed through pumping stations to maintain the high pressure.
• Distribution pipelines are used to transport the gas through smaller pipes to the users.
Avangrid Total Gas Pipeline Miles Related Terms
Thank you for viewing the detailed overview of Avangrid's Total Gas Pipeline Miles provided by GuruFocus.com. Please click on the following links to see related term pages.
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 more than 8.6 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.
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