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PNM Resources
🇺🇸 NYSE:TXNM
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•
Mar 31, 2022

PNM Resources Q1 2022 Earnings Report

PNM Resources reported a strong start to the year, executing its business plan to invest in critical infrastructure and deliver clean energy.

Key Takeaways

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.

First Quarter GAAP earnings of $0.19 per diluted share

First Quarter ongoing earnings of $0.50 per diluted share

Affirmed ongoing earnings guidance ranges of $2.50 - $2.60 for 2022

Affirmed ongoing earnings guidance ranges of $2.60 - $2.75 for 2023

Total Revenue
$444M
Previous year: $365M
+21.8%
EPS
$0.5
Previous year: $0.32
+56.3%
Gross Profit
$154M
Previous year: $365M
-57.7%
Cash and Equivalents
$4.39M
Previous year: $7.52M
-41.6%
Total Assets
$8.73B
Previous year: $7.94B
+9.9%

PNM Resources

PNM Resources

Forward Guidance

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.

Company Overview

Full financial data and analysis

View PNM Resources