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Mar 31, 2021
PNM Resources Q1 2021 Earnings Report
PNM Resources' first quarter results showed signs of recovery and improvement over last year’s COVID-related impacts.
Key Takeaways
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.
First Quarter GAAP earnings were $0.20 per diluted share.
First Quarter Ongoing earnings were $0.32 per diluted share.
2021 Ongoing earnings guidance range of $2.27 to $2.37 per diluted share was affirmed.
Merger process with Avangrid has moved forward with key approvals at the federal level and progress on settlement agreements in both Texas and New Mexico.
PNM Resources
PNM Resources
Forward Guidance
Management affirmed its 2021 consolidated ongoing earnings guidance of $2.27 to $2.37.