PNM Resources Earnings Reports

TXNM Energy posted $476.96M in revenue, reflecting a slight YoY decline, while net income improved to $15.71M. The company increased its capital investment plan by 26% to $7.8B and reaffirmed its commitment to grid expansion and reliability projects.

TXNM Energy reported strong third quarter results, with GAAP earnings of $1.45 per diluted share and ongoing earnings of $1.43 per diluted share. The company also narrowed its 2024 ongoing earnings guidance to a range of $2.70 to $2.75 per diluted share.

PNM Resources reported GAAP earnings of $0.53 per diluted share for the second quarter of 2024, the same as the second quarter of 2023. Ongoing earnings were $0.60 per diluted share, compared to $0.55 in the prior year. Management affirmed its 2024 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share. The company also announced it is changing its name to TXNM Energy, expected to be effective August 5, 2024.

PNM Resources reported GAAP earnings of $0.52 per diluted share and ongoing earnings of $0.41 per diluted share for the first quarter of 2024. The company also affirmed its ongoing earnings guidance range of $2.65 - $2.75 per diluted share. First quarter results exceeded expectations.

PNM Resources reported 2023 GAAP earnings of $1.02 per diluted share and ongoing earnings of $2.82 per diluted share. The company announced its 2024 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share and refreshed its long-term earnings growth target to a range of 6% to 7% through 2028.

PNM Resources reported GAAP earnings of $0.44 per diluted share and ongoing earnings of $1.54 per diluted share for the third quarter of 2023. The company adjusted its 2023 consolidated ongoing earnings guidance to a range of $2.75 to $2.80 per diluted share due to significant weather impacts.

PNM Resources reported GAAP earnings of $0.53 per diluted share and ongoing earnings of $0.55 per diluted share for the second quarter of 2023. The company affirmed its ongoing earnings guidance range of $2.65 - $2.75 for 2023.

PNM Resources released its 2023 first quarter results, with GAAP earnings of $0.64 per diluted share and ongoing earnings of $0.55 per diluted share. Management affirmed its 2023 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.

PNM Resources reported 2022 GAAP earnings of $1.97 per diluted share and ongoing earnings of $2.69 per diluted share. The company narrowed its 2023 ongoing earnings guidance to a range of $2.65 - $2.75 per diluted share.

PNM Resources reported Q3 2022 GAAP earnings of $1.42 per diluted share and ongoing earnings of $1.46 per diluted share. The company raised its full-year 2022 consolidated ongoing earnings guidance range to $2.63 to $2.68 per diluted share.

PNM Resources reported GAAP earnings of $0.18 per diluted share and ongoing earnings of $0.57 per diluted share for Q2 2022. Management affirmed its 2022 consolidated ongoing earnings guidance of $2.50 to $2.60 per diluted share and its 2023 consolidated ongoing earnings guidance of $2.60 to $2.75 per diluted share.

PNM Resources reported first quarter GAAP earnings of $0.19 per diluted share and ongoing earnings of $0.50 per diluted share. Management affirmed its 2022 consolidated ongoing earnings guidance of $2.50 to $2.60 per diluted share and its 2023 consolidated ongoing earnings guidance of $2.60 to $2.75 per diluted share.

PNM Resources reported Q3 2021 GAAP earnings of $1.32 per diluted share and ongoing earnings of $1.37 per diluted share. The company's financial results reflect continued growth in transmission demand. Ongoing earnings guidance for 2021 has been withdrawn due to the pending merger with AVANGRID.

PNM Resources reported GAAP earnings of $0.62 per diluted share and ongoing earnings of $0.55 per diluted share for the second quarter of 2021. Management affirmed its 2021 consolidated ongoing earnings guidance of $2.27 to $2.37.

PNM Resources reported GAAP earnings of $0.20 per diluted share and ongoing earnings of $0.32 per diluted share for the first quarter of 2021. Management affirmed its 2021 consolidated ongoing earnings guidance of $2.27 to $2.37.

PNM Resources' fourth quarter results finished the year in line with expectations, demonstrating resilience and adaptability during the continued effects of the COVID-19 pandemic. The company reaffirmed its 2021 consolidated ongoing earnings guidance of $2.27 to $2.37 per diluted share.

PNM Resources reported third quarter results with increased earnings driven by record temperatures in August. The company affirmed its 2020 consolidated ongoing earnings guidance of $2.23 to $2.31 per diluted share.

PNM Resources released the company's 2020 second quarter results, affirming its 2020 consolidated ongoing earnings guidance of $2.16 to $2.26 per diluted share. Warmer temperatures during the second quarter outweighed the reduced load impacts related to COVID-19.

PNM Resources reported GAAP net earnings attributable to PNM Resources of ($15.3) million, or ($0.19) per diluted share, compared to $18.7 million, or $0.23 per diluted share in Q1 2019. Ongoing net earnings were $14.2 million, or $0.18 per diluted share, compared to $9.0 million, or $0.11 per diluted share in Q1 2019. Management affirmed its 2020 consolidated ongoing earnings guidance of $2.16 to $2.26 per diluted share.

PNM Resources reported Q4 2019 GAAP net earnings of $31.8 million, or $0.40 per diluted share, compared to a net loss of $55.1 million, or $0.69 per diluted share, in Q4 2018. Ongoing net earnings were $28.9 million, or $0.36 per diluted share, compared to $14.7 million, or $0.18 per diluted share, in Q4 2018. Management affirmed its 2020 consolidated ongoing earnings guidance of $2.16 to $2.26 per diluted share.