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Jun 30, 2022
PNM Resources Q2 2022 Earnings Report
PNM Resources' financial performance was driven by robust load growth and weather at TNMP alongside the constructive rate environment in Texas.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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