PNM Resources

PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q3 2024

PNM Resources affirms guidance, navigates challenges, and eyes growth opportunities

PNM Resources' Q1 2023 earnings call highlighted strong performance, operational strengths, challenges in regulatory and asset monetization, and promising opportunities from growth initiatives and the AVANGRID merger. The company remains focused on executing its strategies amidst industry dynamics and merger developments.

PNM Resources affirms earnings, accelerates clean energy transition amid challenges

PNM Resources maintains financial performance in line with guidance, focusing on clean energy transition and strategic partnerships.
Facing challenges related to legal proceedings, regulatory uncertainties, and operational adjustments amidst ongoing merger process and heat wave impacts.
Seizing opportunities to enhance carbon-free capacity, secure federal funding, and drive growth through strategic initiatives and market trends.

PNM Resources reports strong Q3 earnings, navigates merger uncertainties

PNM Resources demonstrated strong financial performance and operational efficiency in Q3 2023, with raised earnings guidance for the year.
While facing challenges such as regulatory proceedings and uncertainties related to the merger with AVANGRID, the company is well-positioned for growth.
Opportunities in renewable energy investments, economic development wins, and strategic celebrations offer avenues for future expansion and value creation.
Overall, PNM Resources shows resilience and strategic foresight in navigating the evolving energy landscape and driving sustainable growth.

PNM Resources reports robust Q4 earnings amidst pending AVANGRID merger

PNM Resources delivered strong financial performance and outlined strategic objectives for future growth.
The pending merger with AVANGRID presents opportunities for operational synergies and market expansion.
Challenges related to regulatory approvals and external factors require careful navigation and strategic decision-making.

PNM Resources surpasses Q1 earnings, focuses on sustainable growth

PNM Resources delivered strong Q1 earnings, maintained guidance, and aims for sustainable growth through renewable energy initiatives.
While facing challenges in coal plant capacity and risk management, PNM is strategically positioned to capitalize on regulatory opportunities and expand its clean energy footprint.

TXNM Energy reports solid Q2 results, plans equity funding for growth

TXNM Energy, formerly PNM Resources, delivered strong financial performance and operational resilience in Q2 2024. The company's strategic focus on resiliency planning, equity funding for growth, and regulatory compliance positions it well for future success. Navigating challenges in rate case processes and balancing investments with resiliency planning will be key focus areas for TXNM Energy moving forward.

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TXNM Energy, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.

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