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Dec 31, 2022
PNM Resources Q4 2022 Earnings Report
Reported 2022 results and narrowed 2023 ongoing earnings guidance.
Key Takeaways
PNM Resources reported 2022 GAAP earnings of $1.97 per diluted share and ongoing earnings of $2.69 per diluted share. The company narrowed its 2023 ongoing earnings guidance to a range of $2.65 - $2.75 per diluted share.
PNM progressed to a 55% carbon-free generation portfolio.
Filed for a grid modernization plan along with recovery for over $2 billion of investments in New Mexico.
Undertook projects to support grid resilience and continued high demand growth in Texas resulting in record-level investments.
Focused on delivering safe, reliable and environmentally sustainable power to customers at affordable rates.
PNM Resources
PNM Resources
Forward Guidance
Management narrowed its consolidated ongoing earnings guidance for 2023 to a range of $2.65 to $2.75 per diluted share.