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

Earnings data Q1 2021

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Earnings data Q3 2024

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.

ALBUQUERQUE, N.M., Feb. 12, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) shareholders voted overwhelmingly to approve the merger agreement with AVANGRID, Inc. at a special shareholders meeting held earlier today. Under the terms of the proposed merger, PNM Resources shareholders...

PNM Resources Shareholders Overwhelmingly Approve Merger with Avangrid

Avangrid

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID received clearance from CFIUS at the conclusion of the initial review period related to the proposed merger combination with PNM Resources.

AVANGRID Receives Clearance From the Committee on Foreign Investment in the US (CFIUS) for PNM Resources Merger

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID confirmed today that the applicable waiting period under the HSR Act has expired for the proposed merger combination with PNM Resources.

AVANGRID Announces Expiration of Hart-Scott-Rodino Antitrust Waiting Period For PNM Resources Merger

NEW YORK, Jan. 7, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: PNM Resources, Inc. (NYSE: PNM) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to...

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates PNM, RNET, IPHI, TNAV, ELY; Shareholders Are Encouraged to Contact the Firm

PNM Resources' (PNM) planned infrastructure-related investments along with its focus on generating clean energy are expected to fortify its existing operations.

PNM Resources' (PNM) Investments, Clean Energy Goals Bode Well

NEW YORK, Dec. 30, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: PNM Resources, Inc. (NYSE: PNM) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating...

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates the Following Mergers - PNM, TNAV, SNSS, ZAGG, ELY

WILMINGTON, Del., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating PNM Resources, Inc. (“PNM”) (NYSE: PNM) regarding possible breaches of fiduciary duties and other violations of law related to PNM's agreement to be acquired by Avangrid, Inc. (“Avangrid”) (NYSE: AGR). Under the terms of the agreement, PNM's shareholders will receive $50.30 in cash per share.

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigation of PNM Resources, Inc. Buyout

PNM Resources (PNM) expects 2021 earnings to be $2.27-$2.37 per share, with the Zacks Consensus Estimate being pegged at the lower end. Also, it affirms its 2020 earnings guidance.

PNM Resources (PNM) Announces Earnings Guidance for 2021

ALBUQUERQUE, N.M., Dec. 17, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) management announces its 2021 ongoing earnings guidance of $2.27 to $2.37 per diluted share and affirms its 2020 ongoing earnings guidance per share of $2.23 to $2.31 per diluted share. Additional materials with...

PNM Resources Announces 2021 Ongoing Earnings Guidance, Affirms 2020 Ongoing Earnings Guidance

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These 3 Unsung Dividends Could Soar In 2021

Backed by a strong operational efficiency, PNM Resources (PNM) raises its annual dividend by 6.5%, totaling the annual dividend to $1.31 per share.

PNM Resources (PNM) to Reward Shareholders Via 6.5% Dividend Hike

ALBUQUERQUE, N.M., Dec. 4, 2020 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today unanimously voted to increase the company's annual dividend payment by $0.08, a 6.5 percent increase, to an indicated annual rate of $1.31 per share of common stock. This is...

PNM Resources Increases Common Dividend, Schedules 2021 Ongoing Earnings Guidance Call for December 17

ALBUQUERQUE, N.M., Dec. 4, 2020 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) has been named to Newsweek's 2021 list of America's Most Responsible Companies highlighting companies for performance in the areas of environmental, social and corporate governance (ESG). This recognition...

PNM Resources Recognized as One of America's Most Responsible Companies

NEW YORK, Dec. 4, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: PNM Resources, Inc. (NYSE: PNM) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Avangrid,...

INVESTIGATION ALERT: Halper Sadeh LLP Reminds Shareholders About Its Ongoing Merger Investigations; Investors are Encouraged to Contact the Firm - PNM, ELY, TNAV, NAV, EIDX

PNM Resources' (PNM) robust liquidity, strategic plans and northbound earnings estimates make it a lucrative choice at the moment.

4 Reasons to Invest in PNM Resources (PNM) Stock Right Now

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

PNM Resources (PNM) Down 1.5% Since Last Earnings Report: Can It Rebound?

PNM Resources and Avangrid have announced their intention to merge in an all-cash transaction. Since the announcement, PNM's stock has traded at a discount of 2% or better compared to its proposed merger price.

PNM Stock Joins My Bond Portfolio

SAN DIEGO, Nov. 11, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of PNM Resources ("PNM" or the "Company") (NYSE: PNM) breached their fiduciary duties in connection with the proposed sale of the Company...

(PNM): Johnson Fistel Investigates Proposed Sale of PNM Resources; Are Shareholders Getting a Fair Deal?

NEW YORK, Nov. 2, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PNM Resources, Inc. ("PNM" or the "Company") (NYSE: PNM) in connection with the proposed acquisition of the Company by...

SHAREHOLDER ALERT: WeissLaw LLP Investigates PNM Resources, Inc.

ALBUQUERQUE, N.M., Nov. 2, 2020 /PRNewswire/ -- PNM, the wholly owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), today announces that it has reached an agreement to facilitate its exit from the Four Corners Power Plant in 2024, seven years earlier than planned. PNM...

PNM Accelerates Full Exit of Coal to 2024

PNM Resources, Inc. (PNM) CEO Pat Vincent-Collawn on Q3 2020 Results - Earnings Call Transcript

PNM Resources, Inc.'s (PNM) CEO Pat Vincent-Collawn On Q3 2020 Results - Quick Version Earnings Call Transcript

PNM Resources' (PNM) third-quarter earnings are better than expected and its merger with AVANGRID will create a strong renewable energy focused company.

PNM Resources (PNM) Q3 Earnings Top Estimates, Sales Rise Y/Y

  Shares of PNM Resources (NYSE:PNM) were unchanged after the company reported Q3 results.

PNM Resources: Q3 Earnings Insights

NEW YORK, Oct. 28, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating PNM Resources, Inc. ("PNM" or the "Company") (PNM) relating to its...

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