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.

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Can Past Month'sTop Performer Utility Retain Its Spot?

Avangrid

PNM Resources (PNM) enters into an agreement to be fully owned by AVANGRID for $4.3 billion with an aim to expand its renewables business alongside providing affordable energy.

PNM Resources (PNM) to be Acquired by AVANGRID for $4.3B

NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, 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, Inc. for...

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP is Investigating the Following Companies; Investors are Encouraged to Contact the Firm - PNM, NTN, MR

New York, New York--(Newsfile Corp. - October 21, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased PNM Resources, Inc. (NYSE: PNM) ("PNM" or the "Company") stock prior to October 21, 2020.You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation int

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Merger of PNM Resources, Inc. with AVANGRID is Fair to PNM Shareholders

The electric-utility holding company is being acquired by the U.S. arm of Spanish utility Iberdrola.

Why PNM Resources Stock Jumped 8% Today

Shares of Avangrid (NYSE: AGR) fell about 8% on Wednesday after the subsidiary of the Spanish electric utility giant Iberdrola (BMV: IBEN) agreed to acquire PNM Resources (NYSE: PNM) for $8.3 billion including debt. Fundamental analysis: A major deal in the energy sector The agreed deal will create the third-largest renewable energy operator in the United States.

Avangrid share price plunges 7% after acquiring PNM Resources for $8.3bln

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of PNM Resources, Inc. (NYSE: PNM) to Avangrid, Inc. for $50.30 in cash per share is fair to PNM Resources shareholders. On behalf of PNM Resources shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. If you are a PNM Resources shareholder and would

PNM Resources Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of PNM Resources, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – PNM

ORANGE, Conn.--(BUSINESS WIRE)---- $AGR--AVANGRID (NYSE: AGR) and PNM Resources (NYSE: PNM) announced today their respective boards have approved the merger of PNM Resources into AVANGRID.

AVANGRID and PNM Resources Announce Merger Plans

ALBUQUERQUE, N.M., Oct. 21, 2020 /PRNewswire/ -- Transaction merges two strategically aligned, premier companies to create a large, diversified national regulated utility and renewable energy platform with approximately $14 billion of rate base, more than 4 million electric and natural...

AVANGRID and PNM Resources to Combine in Strategic Merger Transaction

ALBUQUERQUE, N.M., Oct. 15, 2020 /PRNewswire/ -- Public Service Company of New Mexico (PNM), the wholly-owned New Mexico utility subsidiary of PNM Resources, Inc. (NYSE: PNM), today joins the partners of the PNM Solar Direct® program to celebrate the groundbreaking of the 50-megawatt...

PNM Joins in Groundbreaking for 50 MW Solar Customer Program

ALBUQUERQUE, N.M., Oct. 1, 2020 /PRNewswire/ -- Public Service Company of New Mexico (PNM), the wholly-owned regulated New Mexico subsidiary of PNM Resources (NYSE: PNM) is announcing additional efforts to support customers this year with the introduction of its COVID Customer Relief...

PNM Resources Introduces COVID Customer Relief Programs, Raises 2020 Ongoing Earnings Guidance

ALBUQUERQUE, N.M., Sept. 28, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) is building upon its industry-leading ESG goal for 100% emissions-free energy by 2040 with plans for additional emissions reductions through the electrification of its vehicle fleet. Growing the number of electric...

PNM Resources Adds to Industry-Leading ESG Goal for 100% Emissions-Free Energy with Electric Vehicle Fleet Goals

PNM Resources' (PNM) significant infrastructure-related investments and its focus on generating clean energy are likely to fortify its existing operations.

PNM Resources' Investments & Focus on Clean Energy Bode Well

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

Why Is PNM Resources (PNM) Up 4.3% Since Last Earnings Report?

PNM Resources' (PNM) significant investments and focus on generating clean power are likely to boost its operations.

Investments in Infrastructure & Clean Energy Aid PNM Resources

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PNM vs. XEL: Which Stock Is the Better Value Option?

PNM vs. XEL: Which Stock Should Value Investors Buy Now?

ALBUQUERQUE, N.M., Aug. 3, 2020 /PRNewswire/ -- PNM, the wholly-owned New Mexico utility subsidiary of PNM Resources, Inc.

PNM Recognized as Philanthropy Corporate Champion

PNM Resources, Inc. (PNM) CEO Pat Vincent-Collawn on Q2 2020 Results - Earnings Call Transcript

PNM Resources (PNM) is well positioned to outperform the market, as it exhibits above-average growth in financials.

PNM Resources (PNM) is an Incredible Growth Stock: 3 Reasons Why

ALBUQUERQUE, N.M., July 22, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) today announces the advancement of its strategic initiative to strengthen its sustainability efforts in support of environmental, social and governance principles.

PNM Resources Advances Strategic Initiative Aligned with Environmental, Social, Governance (ESG) Principles Plans Highlight the Need for Resilient Infrastructure to Support Clean Energy

Amid the ongoing pandemic crisis, PNM Resources (PNM) keeps the current-year earnings view in the $2.16-$2.26 band.

PNM Resources Reaffirms 2020 Earnings Guidance Amid Coronavirus

ALBUQUERQUE, N.M., July 13, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) today affirms its 2020 ongoing earnings guidance range of $2.16 to $2.26, targeting the midpoint of this range. During the second quarter, reductions to load related to COVID-19 were offset by warmer than normal...

PNM Resources Affirms 2020 Ongoing Earnings Guidance

ALBUQUERQUE, N.M., June 11, 2020 /PRNewswire/ -- PNM, the wholly owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), announced today that it will exit its leases for 114 megawatts of Palo Verde Nuclear Generating Station (Palo Verde) capacity. The replacement of this leased...

PNM Exits Palo Verde Leases

ALBUQUERQUE, N.M., June 1, 2020 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors virtually this week. During the meetings, management is expected to discuss COVID-19, regulatory and economic development updates, including: 2020 ongoing earnings...

PNM Resources Affirms 2020 Ongoing Earnings Guidance, Discusses COVID-19, Regulatory and Economic Development Updates

PNM Resources' (PNM) strong liquidity position will strengthen its existing operations.

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