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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.
Forward Guidance
Management narrowed its consolidated ongoing earnings guidance for 2023 to a range of $2.65 to $2.75 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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