PNM Resources Q2 2021 Earnings Report
Key Takeaways
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.
Second quarter GAAP earnings were $0.62 per diluted share.
Second quarter ongoing earnings were $0.55 per diluted share, reflecting increased earnings compared to Q2 2020, offset by the dilutive impact of additional shares.
2021 ongoing earnings guidance range was affirmed at $2.27 to $2.37 per diluted share.
Merger process with Avangrid has received all necessary regulatory approvals except for New Mexico, with hearings scheduled in August; closing is expected in 2021.
PNM Resources
PNM Resources
Forward Guidance
Management affirmed its 2021 consolidated ongoing earnings guidance of $2.27 to $2.37, with increased expectations for the top end of this range.