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Mar 31, 2024
PNM Resources Q1 2024 Earnings Report
PNM Resources' Q1 2024 results were released, with ongoing earnings guidance affirmed.
Key Takeaways
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.
GAAP earnings were $0.52 per diluted share in Q1 2024.
Ongoing earnings were $0.41 per diluted share in Q1 2024.
Ongoing earnings guidance for 2024 was affirmed at $2.65 - $2.75 per diluted share.
New retail rates and improved performance by decommissioning and reclamation trusts positively impacted PNM's earnings.
PNM Resources
PNM Resources
PNM Resources Revenue by Segment
Revenue by Segment
PNM Net Earnings Revenue
CapyFin.comTNMP Net Earnings Revenue
CapyFin.comCorporate and Other Net Earnings Revenue
CapyFin.com Forward Guidance
Management affirmed its 2024 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income