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Sep 30, 2023
PNM Resources Q3 2023 Earnings Report
PNM Resources reported Q3 2023 results, with weather impacting 2023 ongoing earnings and adjusted guidance.
Key Takeaways
PNM Resources reported GAAP earnings of $0.44 per diluted share and ongoing earnings of $1.54 per diluted share for the third quarter of 2023. The company adjusted its 2023 consolidated ongoing earnings guidance to a range of $2.75 to $2.80 per diluted share due to significant weather impacts.
Q3 2023 GAAP earnings were $0.44 per diluted share.
Q3 2023 ongoing earnings were $1.54 per diluted share.
2023 ongoing earnings guidance range adjusted to $2.75 - $2.80.
Customer demands at PNM and TNMP increased substantially due to hotter temperatures.
PNM Resources
PNM Resources
Forward Guidance
Management adjusted its 2023 consolidated ongoing earnings guidance to a range of $2.75 to $2.80 per diluted share.