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Sep 30, 2021
PNM Resources Q3 2021 Earnings Report
PNM Resources reported increased third quarter earnings, driven by transmission demand and merger agreement progress.
Key Takeaways
PNM Resources reported Q3 2021 GAAP earnings of $1.32 per diluted share and ongoing earnings of $1.37 per diluted share. The company's financial results reflect continued growth in transmission demand. Ongoing earnings guidance for 2021 has been withdrawn due to the pending merger with AVANGRID.
Third quarter GAAP earnings were $1.32 per diluted share.
Third quarter ongoing earnings were $1.37 per diluted share.
Merger with AVANGRID is expected to close in 2021.
Ongoing earnings guidance for 2021 has been withdrawn.
PNM Resources
PNM Resources
Forward Guidance
Ongoing earnings guidance for 2021 has been withdrawn based on the completion of the third quarter and the continued expectation for the pending merger with AVANGRID to close during the fourth quarter.