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Dec 31, 2023
PNM Resources Q4 2023 Earnings Report
Released its 2023 earnings results and introduced 2024 earnings guidance.
Key Takeaways
PNM Resources reported 2023 GAAP earnings of $1.02 per diluted share and ongoing earnings of $2.82 per diluted share. The company announced its 2024 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share and refreshed its long-term earnings growth target to a range of 6% to 7% through 2028.
2023 GAAP earnings were $1.02 per diluted share.
2023 ongoing earnings were $2.82 per diluted share.
2024 ongoing earnings guidance range is $2.65 - $2.75 per diluted share.
Long-term earnings growth target is 6% to 7% through 2028.
Revenue by Segment
Forward Guidance
PNM Resources announced its 2024 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share and refreshed its long-term earnings growth target to a range of 6% to 7% through 2028.
Positive Outlook
- Investments supported by legislative and regulatory initiatives for a reliable and resilient grid.
- Meeting growing customer demands.
- Enabling the clean energy transition.
- Targeted earnings growth of 6% to 7% through 2028.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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