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 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Lisa Goodman - Executive Director of Investor Relations Pat Vincent-Collawn - Chairman & Chief Executive Officer Don Tarry - President & Chief Operating Officer Lisa Eden - Senior Vice President & Chief Financial Officer Conference Call Participants Ryan Levine - Citi Jonathan Reeder - Wells Fargo Julien Dumoulin-Smith - Bank of America Operator Good day and welcome to the PNM Resources Third Quarter 2022 Conference Call. [Operator Instructions] Please note, this event is being recorded.

PNM Resources, Inc. (PNM) Q3 2022 Earnings Call Transcript

2022 Ongoing Earnings Guidance Raised 2022 third quarter GAAP earnings of $1.42 per diluted share 2022 third quarter ongoing earnings of $1.46 per diluted share 2022 ongoing earnings guidance range raised to $2.63 - $2.68 2023 ongoing earnings guidance range maintained at $2.60 - $2.75 ALBUQUERQUE, N.M.  , Nov. 4, 2022 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q3 2022 Q3 2021 YTD 2022 YTD 2021 GAAP net earnings attributable to PNM Resources $122.4 $113.3 $153.8 $184.6 GAAP diluted EPS $1.42 $1.32 $1.78 $2.14 Ongoing net earnings $126.1 $118.0 $218.9 $193.3 Ongoing diluted EPS $1.46 $1.37 $2.54 $2.25 PNM Resources (NYSE: PNM) today released its 2022 third quarter results and raised its full-year 2022 consolidated ongoing earnings guidance range to $2.63 to $2.68 per diluted share.

PNM Resources Reports Third Quarter 2022 Results

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Total Q3 earnings of Utility stocks are expected to decline 8.4% year over year, while revenues are likely to improve 7.9%. D, PNM, DUK & PPL are due to post their numbers tomorrow.

Utility Stocks' Q3 Earnings to Watch on Nov 4: D, PNM & More

ALBUQUERQUE, N.M. , Oct. 14, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2022 third quarter financial results prior to the market opening on Friday, November 4, 2022.

PNM Resources to Announce 2022 Third Quarter Earnings on November 4

ALBUQUERQUE, N.M. , Oct. 3, 2022 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), is filing a plan with the New Mexico Public Regulation Commission (NMPRC) today to modernize its grid through infrastructure investments designed to use state-of-the art technology for a resilient, reliable, efficient and decarbonized electric system.

PNM Files Grid Modernization Plan for Resilient, Reliable, Efficient and Decarbonized Electric System with Improved Customer Communications

ALBUQUERQUE, N.M. , Sept. 30, 2022 /PRNewswire/ -- After nearly half a century of reliable service and more than five years of planning towards its closure, the last unit of the coal-fired San Juan Generating Station has been removed from service, as Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), achieves significant progress towards its ESG goals for reducing carbon emissions from its generation portfolio.

PNM Reaches Interim Carbon Reduction Goal with Closure of Coal-Fired San Juan Generating Station

PNM Resources (PNM) is poised for growth with consistent investments, strong liquidity and initiatives for lowering emissions. However, a delay in merger and regulations are headwinds.

PNM Resources (PNM) Gains on Investment Amid Regulations

PNM Resources, Inc. (NYSE:PNM ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Lisa Goodman - Executive Director, Investor Relations Pat Vincent-Collawn - Chairman and CEO Don Tarry - President and Chief Operating Officer Lisa Eden - Senior Vice President and Chief Financial Officer Conference Call Participants Ryan Levine - Citi Paul Fremont - Mizuho Operator Good day, and welcome to the PNM Resources Second Quarter 2022 Conference Call. All participants will be in listen-only mode.

PNM Resources, Inc. (PNM) CEO Pat Vincent-Collawn on Q2 2022 Results - Earnings Call Transcript

PNM Resources' (PNM) second-quarter earnings beat estimates. PNM Resources reiterates its five-year investment plan for improving the transmission and distribution infrastructure.

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

2022 and 2023 Ongoing Earnings Guidance Affirmed 2022 Second Quarter GAAP earnings of $0.18 per diluted share, including unrealized losses on investment securities 2022 Second Quarter ongoing earnings of $0.57 per diluted share Affirmed ongoing earnings guidance ranges of $2.50 - $2.60 for 2022 and $2.60 - $2.75 for 2023 ALBUQUERQUE, N.M. , Aug. 4, 2022 /PRNewswire/ --  PNM Resources (In millions, except EPS) Q2 2022 Q2 2021 YTD 2022 YTD 2021 GAAP net earnings attributableto PNM Resources $15.4 $53.7 $31.4 $71.3 GAAP diluted EPS $0.18 $0.62 $0.36 $0.83 Ongoing net earnings $49.4 $47.5 $92.7 $75.3 Ongoing diluted EPS $0.57 $0.55 $1.08 $0.88 PNM Resources (NYSE: PNM) today released its 2022 second quarter results.

PNM Resources Reports Second Quarter 2022 Results

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Here's Why PNM Resources (PNM) is a Strong Growth Stock

ALBUQUERQUE, N.M. , July 6, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2022 second quarter financial results prior to the market opening on Thursday, August 4, 2022.

PNM Resources to Announce 2022 Second Quarter Earnings on August 4

ALBUQUERQUE, N.M. , June 29, 2022 /PRNewswire/ -- Today the New Mexico Public Regulation Commission (NMPRC) issued an Order requiring Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), to issue rate credits related to the retirement of the San Juan Generating Station (San Juan).

PNM Ordered to Issue Rate Credits in 2022 and 2023 for San Juan Retirement, Contrary to Energy Transition Act, and Files Emergency Motion for Stay

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?

This is Why PNM Resources (PNM) is a Great Dividend Stock

ALBUQUERQUE, N.M. , June 20, 2022 /PRNewswire/ -- Hearing Examiners of the New Mexico Public Regulation Commission (NMPRC) issued a Recommended Decision disregarding the state's Energy Transition Act and arbitrarily penalizing Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM) related to its retirement of the San Juan Generating Station (San Juan).

New Mexico Commission's Recommended Decision Disregards State Energy Transition Act, Penalizes PNM for Exiting Coal

ALBUQUERQUE, N.M. , May 19, 2022 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) announces the promotion of two executives as part of the company's ongoing development efforts under the continued leadership of Chairman and CEO, Pat Vincent-Collawn.

PNM Resources Advances Leadership Development with Executive Promotions

PNM Resources, Inc. (NYSE:PNM ) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Lisa Goodman - Director, Investor Relations Pat Vincent-Collawn - Chairman, President and Chief Executive Officer Don Tarry - Senior Vice President and Chief Financial Officer Conference Call Participants Paul Fremont - Mizuho Operator Good day and welcome to the PNM Resources First Quarter 2022 Conference Call. [Operator Instructions] Please note this event is being recorded.

PNM Resources, Inc. (PNM) CEO Pat Vincent-Collawn on Q1 2022 Results - Earnings Call Transcript

PNM Resources' (PNM) first-quarter earnings beat estimates. PNM Resources reiterates its five-year investment plan for improving the transmission and distribution infrastructure.

PNM Resources (PNM) Q1 Earnings Beat Estimates, Revenues Rise

2022 and 2023 Ongoing Earnings Guidance Affirmed 2022 First Quarter GAAP earnings of $0.19 per diluted share 2022 First Quarter ongoing earnings of $0.50 per diluted share Affirmed ongoing earnings guidance ranges of $2.50 - $2.60 for 2022 and $2.60 - $2.75 for 2023 ALBUQUERQUE, N.M. , April 28, 2022 /PRNewswire/ --   PNM Resources (In millions, except EPS) Q1 2022 Q1 2021 GAAP net earnings attributable to PNM Resources $16.0 $17.6 GAAP diluted EPS $0.19 $0.20 Ongoing net earnings $43.3 $27.8 Ongoing diluted EPS $0.50 $0.32   PNM Resources (NYSE: PNM) today released its 2022 first quarter results.

PNM Resources Reports First Quarter 2022 Results

ALBUQUERQUE, N.M. , April 7, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2022 first quarter financial results prior to the market opening on Thursday, April 28, 2022.

PNM Resources to Announce 2022 First Quarter Earnings on April 28

PNM Resources (PNM) reported earnings 30 days ago. What's next for the stock?

PNM Resources (PNM) Up 6.6% Since Last Earnings Report: Can It Continue?

Are You Looking for a High-Growth Dividend Stock? PNM Resources (PNM) Could Be a Great Choice

PNM Resources (PNM) makes a strong case for investments, given the positive estimates movement and capital investments to strengthen infrastructure and cut emissions.

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

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ALBUQUERQUE, N.M., Feb. 14, 2022 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) has been named for the second consecutive year to Newsweek's list of America's Most Responsible Companies highlighting companies for performance in the areas of environmental, social and corporate governance (ESG).

News for PNM Resources Stock (PNM)