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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.
PNM Resources
PNM Resources
PNM Resources Revenue by Segment
Revenue by Segment
PNM Net Earnings Revenue
CapyFin.comTNMP Net Earnings Revenue
CapyFin.comCorporate and Other Net Earnings Revenue
CapyFin.com 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