PNM Resources

PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

Earnings data Q4 2020

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PNM Resources affirms guidance, navigates challenges, and eyes growth opportunities

PNM Resources' Q1 2023 earnings call highlighted strong performance, operational strengths, challenges in regulatory and asset monetization, and promising opportunities from growth initiatives and the AVANGRID merger. The company remains focused on executing its strategies amidst industry dynamics and merger developments.

PNM Resources affirms earnings, accelerates clean energy transition amid challenges

PNM Resources maintains financial performance in line with guidance, focusing on clean energy transition and strategic partnerships.
Facing challenges related to legal proceedings, regulatory uncertainties, and operational adjustments amidst ongoing merger process and heat wave impacts.
Seizing opportunities to enhance carbon-free capacity, secure federal funding, and drive growth through strategic initiatives and market trends.

PNM Resources reports strong Q3 earnings, navigates merger uncertainties

PNM Resources demonstrated strong financial performance and operational efficiency in Q3 2023, with raised earnings guidance for the year.
While facing challenges such as regulatory proceedings and uncertainties related to the merger with AVANGRID, the company is well-positioned for growth.
Opportunities in renewable energy investments, economic development wins, and strategic celebrations offer avenues for future expansion and value creation.
Overall, PNM Resources shows resilience and strategic foresight in navigating the evolving energy landscape and driving sustainable growth.

PNM Resources reports robust Q4 earnings amidst pending AVANGRID merger

PNM Resources delivered strong financial performance and outlined strategic objectives for future growth.
The pending merger with AVANGRID presents opportunities for operational synergies and market expansion.
Challenges related to regulatory approvals and external factors require careful navigation and strategic decision-making.

PNM Resources surpasses Q1 earnings, focuses on sustainable growth

PNM Resources delivered strong Q1 earnings, maintained guidance, and aims for sustainable growth through renewable energy initiatives.
While facing challenges in coal plant capacity and risk management, PNM is strategically positioned to capitalize on regulatory opportunities and expand its clean energy footprint.

TXNM Energy reports solid Q2 results, plans equity funding for growth

TXNM Energy, formerly PNM Resources, delivered strong financial performance and operational resilience in Q2 2024. The company's strategic focus on resiliency planning, equity funding for growth, and regulatory compliance positions it well for future success. Navigating challenges in rate case processes and balancing investments with resiliency planning will be key focus areas for TXNM Energy moving forward.

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TXNM Energy, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

PNM Resources, Inc. (NYSE:PNM ) Q3 2023 Earnings Conference Call October 27, 2023 11:30 AM ET Company Participants Lisa Goodman - Executive Director, IR Pat Vincent-Collawn - Chairman and CEO Don Tarry - President and COO Lisa Eden - SVP, CFO and Treasurer Conference Call Participants Ryan Levine - Citi Paul Zimbardo - Bank of America Jonathan Reeder - Wells Fargo Securities Brandon Lee - Mizuho Operator Good day and welcome to the PNM Resources' Third Quarter 2023 Conference Call. All participants will be in listen-only mode.

PNM Resources, Inc. (PNM) Q3 2023 Earnings Call Transcript

PNM Resources' (PNM) third-quarter 2023 earnings increase year over year. Total operating expenses decrease during the same period.

PNM Resources (PNM) Q3 Earnings Beat Estimates, Revenues Lag

PNM Resources (PNM) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.46 per share a year ago.

PNM Resources (PNM) Q3 Earnings Surpass Estimates

Q3 Weather Adjusts Expectations for 2023 Ongoing Earnings 2023 third quarter GAAP earnings of $0.44 per diluted share 2023 third quarter ongoing earnings of $1.54 per diluted share 2023 ongoing earnings guidance range adjusted to $2.75 - $2.80 ALBUQUERQUE, N.M. , Oct. 27, 2023 /PRNewswire/ --                                                                  PNM Resources (In millions, except EPS) Q3 2023 Q3 2022 YTD 2023 YTD 2022 GAAP net earnings attributable to PNM Resources $37.7 $122.4 $138.0 $153.8 GAAP diluted EPS $0.44 $1.42 $1.60 $1.78 Ongoing net earnings $132.9 $126.1 $228.0 $218.9 Ongoing diluted EPS $1.54 $1.46 $2.65 $2.54   PNM Resources (NYSE: PNM) today released its 2023 third quarter results.

PNM Resources Reports Third Quarter 2023 Results

PNM Resources' (PNM) third-quarter revenues are likely to have benefited from economic development and favorable weather conditions.

PNM Resources (PNM) to Report Q3 Earnings: What's in Store?

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PNM Resources (PNM) makes a strong case for investment, given its positive growth estimates, strong ROE and systematic investments.

Reasons to Add PNM Resources (PNM) to Your Portfolio Now

ALBUQUERQUE, N.M., Oct. 6, 2023 /PRNewswire/ -- PNM Resources will announce third quarter 2023 financial results prior to the market opening on Friday, October 27, 2023.

PNM Resources to Announce 2023 Third Quarter Earnings on October 27

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNM Resources (PNM) have what it takes?

Why PNM Resources (PNM) is a Great Dividend Stock Right Now

PNM Resources Inc. is a utility company that has diversified its business and is taking advantage of the Inflation Act to invest in green energy. The company operates in the regulated electric utility sector, primarily serving New Mexico and Texas. PNM is investing heavily in renewables, including solar and storage capabilities, which presents a new and exciting market opportunity.

PNM Resources: Exciting Initiatives Is Boosting The Bottom Line

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PNM or MGEE: Which Is the Better Value Stock Right Now?

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4 Stocks With Recent Dividend Hikes Amid a Choppy Market

ALBUQUERQUE, N.M., Sept. 21, 2023 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) approved the unanimous settlement agreement reached by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM), and parties in the case resolving all remaining steps involved in the retirement of the San Juan coal plant under New Mexico's Energy Transition Act.

PNM unanimous settlement agreement for San Juan credits approved

Why PNM Resources (PNM) is a Top Dividend Stock for Your Portfolio

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Defensive stocks like FirstEnergy Corp. (FE), PNM Resources, Inc. (PNM), PepsiCo, Inc. (PEP), Atmos Energy Corporation (ATO) and J&J Snack Foods Corp. (JJSF) are a safe bet during these times of economic uncertainties.

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PNM Resources (PNM) is a Top Dividend Stock Right Now: Should You Buy?

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We have narrowed our search to five low-beta utility stocks that are regular dividend payers. These are: CWCO, AWK, ATO, PNM, YORW.

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The Fed has hinted at more rate hikes, which can again unsettle markets. Given this situation, investing in defensive stocks like PNM Resources (PNM), Entergy Corporation (ETR), J&J Snack Foods (JJSF), PepsiCo (PEP) and Ingredion (INGR) is a safe bet.

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PNM Resources (PNM) is expected to further benefit from infrastructure investments and cost-effective power generation.

PNM Resources (PNM) to Benefit From Investments in Clean Assets

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4 Low-Beta Utility Stocks to Tide Over Ongoing Market Volatility

Rate credits add to existing benefits of coal plant retirement under Energy Transition Act for customers, environment, employees and impacted communities ALBUQUERQUE, N.M., Aug. 18, 2023 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), reached a unanimous agreement with the parties in New Mexico Public Regulation Commission (NMPRC) and New Mexico Supreme Court (Court) filings resolving all remaining steps involved in the retirement of the San Juan coal plant under the Energy Transition Act.

PNM and parties reach unanimous settlement agreement for customer rate credits to resolve remaining steps of San Juan coal plant retirement

PNM Resources, Inc. (NYSE:PNM ) Q2 2023 Earnings Call Transcript August 4, 2023 11:00 AM ET Company Participants Lisa Goodman - Executive Director of IR Pat Vincent-Collawn - Chairman and CEO Don Tarry - President and COO Lisa Eden - SVP, CFO and Treasurer Conference Call Participants Ryan Levine - Citi Julien Dumoulin-Smith - Bank of America Jonathan Reeder - Wells Fargo Operator Good morning, and welcome to the PNM Resources Second Quarter 2023 Conference Call. All participants will be in listen-only mode.

PNM Resources, Inc. (PNM) Q2 2023 Earnings Call Transcript

PNM Resources' (PNM) second-quarter 2023 earnings and revenues decline year over year. Total operating expenses decrease during the same period.

PNM Resources (PNM) Q2 Earnings Beat Estimates, Revenues Lag

PNM Resources (PNM) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.57 per share a year ago.

PNM Resources (PNM) Surpasses Q2 Earnings Estimates

2023 Ongoing Earnings Guidance Affirmed 2023 second quarter GAAP earnings of $0.53 per diluted share 2023 second quarter ongoing earnings of $0.55 per diluted share Affirmed ongoing earnings guidance range of $2.65 - $2.75 for 2023 ALBUQUERQUE, N.M. , Aug. 4, 2023 /PRNewswire/ --                                                                  PNM Resources (In millions, except EPS) Q2 2023 Q2 2022 YTD 2023 YTD 2022 GAAP net earnings attributable  to PNM Resources $45.3 $15.4 $100.3 $31.4 GAAP diluted EPS $0.53 $0.18 $1.16 $0.36 Ongoing net earnings $47.4 $49.4 $95.1 $92.7 Ongoing diluted EPS $0.55 $0.57 $1.10 $1.08 PNM Resources (NYSE: PNM) today released its 2023 second quarter results.

News for PNM Resources Stock (PNM)