PNM Resources

Q3 2025 +0.14%Q2 2025 -0.07%Q1 2025 +0.51%Q4 2024 +3.29%Q3 2024 -2.29%Q2 2024 +1.32%Q1 2024 +0.89%Q4 2023 +6.39%Q3 2023 -2.79%Q2 2023 +0.02%Q1 2023 +1.21%Q4 2022 -0.26%Q3 2022 +0.13%Q2 2022 -0.80%Q1 2022 -2.34%Q4 2021 -0.02%Q3 2021 -0.06%Q2 2021 +0.02%Q1 2021 -0.08%Q4 2020 -0.23%Q3 2020 -0.04%Q2 2020 -0.14%Q1 2020 -3.35%Q4 2019 -0.02%Q3 2019 -3.26%Q2 2019 -3.67%Q1 2019 -2.36%Q4 2018 -1.53%Q3 2018 +4.39%Q2 2018 +1.97%Q1 2018 -0.13%Q4 2017 -3.03%Q3 2017 +1.78%Q2 2017 +1.01%Q1 2017 -1.99%Q4 2016 +0.55%Q3 2016 +3.63%Q2 2016 +1.69%Q1 2016 +2.93%Q4 2015 -4.03%Q3 2015 +1.23%Q2 2015 +1.80%Q1 2015 +0.58%Q4 2014 -1.31%Q3 2014 +1.81%Q2 2014 -2.92%Q1 2014 -4.25%Q4 2013 +2.15%Q3 2013 -0.79%Q2 2013 +1.18%Q1 2013 -0.84%Q4 2012 +1.91%Q3 2012 -3.00%Q2 2012 -0.27%Q1 2012 -1.39%Q4 2011 +2.21%Q3 2011 +0.98%Q2 2011 +1.99%Q1 2010 +1.57%Q1 2011 -1.59%Q4 2008 +9.17%Q4 2010 +9.17%Q3 2009 +2.23%Q3 2010 +2.23%Q2 2009 +0.35%Q2 2010 +0.35%Q4 2009 +0.35%

Feb 28, 2020

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Dec 31, 2019

PNM Resources Q4 2019 Earnings Report

PNM Resources' Q4 2019 earnings were released with GAAP EPS of $0.40 and ongoing EPS of $0.36.

Key Takeaways

PNM Resources reported Q4 2019 GAAP net earnings of $31.8 million, or $0.40 per diluted share, compared to a net loss of $55.1 million, or $0.69 per diluted share, in Q4 2018. Ongoing net earnings were $28.9 million, or $0.36 per diluted share, compared to $14.7 million, or $0.18 per diluted share, in Q4 2018. Management affirmed its 2020 consolidated ongoing earnings guidance of $2.16 to $2.26 per diluted share.

GAAP earnings increased in the fourth quarter of 2019 driven by $25.6 million in non-recurring net changes in unrealized gains and losses on investment securities.

GAAP and ongoing earnings also increased in the fourth quarter of 2019 due to lower plant maintenance costs.

Revised retail rates implemented in January 2019, including the impact of amortized excess deferred income taxes, decommissioning and reclamation trust gains and increased customer usage.

TNMP’s GAAP and ongoing earnings increased in the fourth quarter of 2019 due to increased demand-based load, earnings related to AFUDC and the refinancing of debt at lower interest rates.