PNM Resources Q2 2022 Earnings Report
Key Takeaways
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.
Second Quarter GAAP earnings of $0.18 per diluted share, including unrealized losses on investment securities.
Second Quarter ongoing earnings of $0.57 per diluted share.
Ongoing earnings guidance ranges of $2.50 - $2.60 for 2022 and $2.60 - $2.75 for 2023 was affirmed.
Unit 1 of the San Juan Generating Station was retired.
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.