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.

Avangrid

ALBUQUERQUE, N.M., July 30, 2021 /PRNewswire/ -- On Thursday, Joint Applicants Public Service Company of New Mexico (PNM) and AVANGRID (NYSE: AGR).

PNM and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application

ALBUQUERQUE, N.M., July 30, 2021 /PRNewswire/ -- 2021 second quarter GAAP earnings of $0.62 per diluted share 2021 second quarter ongoing earnings of $0.55 per diluted share reflects increased earnings compared to the second quarter of 2020, offset by the dilutive impact of additional shares Affirmed 2021 ongoing earnings guidance range of $2.27 to $2.37 per diluted share PNM Resources (In millions, except EPS) Q2 2021 Q2 2020 YTD 2021 YTD 2020 GAAP net earnings attributable to PNM Resources $53.7 $57.5 $71.3 $42.2 GAAP diluted EPS $0.62 $0.72 $0.83 $0.53 Ongoing net earnings $47.5 $44.1 $75.3 $58.3 Ongoing diluted EPS $0.55 $0.55 $0.88 $0.73 PNM Resources (NYSE: PNM) today released its 2021 second quarter results.

PNM Resources Reports Second Quarter Results

ALBUQUERQUE, N.M., July 2, 2021 /PRNewswire/ -- Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (NYSE: PNM), filed a settlement in its application to amend its Distribution Cost Recovery Factor to recover nearly $105 million in net distribution infrastructure investments made during 2020 to reliably serve customers' power needs.

TNMP Reaches Settlement for 98% Requested Recovery of Distribution Investments

PNM Resources' (PNM) focus on generating clean energy and its consistent investments are likely to fortify its operations.

PNM Resources (PNM) Strong on Clean Energy Goals & CAPEX

ORANGE, Conn.--(BUSINESS WIRE)--New Mexico regulator sets procedural schedule for PNM Resources Merger with AVANGRID

New Mexico Regulator Sets Procedural Schedule for PNM Resources Merger With Avangrid

ALBUQUERQUE, N.M., June 1, 2021 /PRNewswire/ -- On Friday, the Hearing Examiner for the New Mexico Public Regulation Commission (NMPRC) set the remaining procedural schedule for the amended stipulation in the merger application of Public Service Company of New Mexico (PNM) and its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID (NYSE: AGR).

Hearings Scheduled on Amended Stipulation for PNM Resources' Merger with AVANGRID

ALBUQUERQUE, N.M., May 26, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) and AVANGRID (NYSE: AGR) yesterday received approval from the sixth regulatory entity, the Nuclear Regulatory Commission (NRC), for their proposed merger.

Nuclear Regulatory Commission Approves PNM Merger with AVANGRID

ALBUQUERQUE, N.M., May 25, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID announced two additional parties filed motions to join its merger stipulation before the New Mexico Public Regulation Commission (NMPRC).

Support Continues to Build for Merger as Two Additional Parties Seek to Join PNM and AVANGRID Merger Stipulation

ORANGE, Conn.--(BUSINESS WIRE)--Revised Stipulation Agreement for AVANGRID/PNM Resources Merger Receives Additional Support from New Mexico Stakeholders

Revised Stipulation Agreement for AVANGRID/PNM Resources Merger Receives Additional Support From New Mexico Stakeholders

ALBUQUERQUE, N.M., May 7, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID filed a revised stipulation with additional parties in its merger application before the New Mexico Public Regulation Commission (NMPRC) today.

PNM and AVANGRID Formally File New Mexico Stipulation with Additional Parties

ALBUQUERQUE, N.M., May 6, 2021 /PRNewswire/ -- Today, the Public Utility Commission of Texas (PUCT) voted to approve the unanimous stipulation and agreement among parties for the merger of PNM Resources, Inc. (NYSE: PNM), including its Texas utility subsidiary, Texas-New Mexico Power Company (TNMP), with AVANGRID (NYSE: AGR).

PNM Resources Merger with AVANGRID Approved by Public Utility Commission of Texas

ORANGE, Conn.--(BUSINESS WIRE)--Public Utility Commission of Texas Approves AVANGRID Merger with Texas-New Mexico Power Company

Public Utility Commission of Texas Approves AVANGRID Merger With Texas-New Mexico Power Company

PNM Resources' (PNM) higher year-over-year earnings and revenues in Q1 are partly offset by escalated operating expenses.

PNM Resources' (PNM) Earnings and Revenues ImproveY/Y in Q1

ALBUQUERQUE, N.M., April 30, 2021 /PRNewswire/ -- 2021 First Quarter GAAP earnings of $0.20 per diluted share 2021 First Quarter Ongoing earnings of $0.32 per diluted share Affirmed 2021 Ongoing earnings guidance range of $2.27 to $2.37 per diluted share   PNM Resources (In millions, except EPS) Q1 2021 Q1 2020 GAAP net earnings (loss) attributable to PNM Resources $17.6 ($15.3) GAAP diluted EPS $0.20 ($0.19) Ongoing net earnings $27.8 $14.2 Ongoing diluted EPS $0.32 $0.18 PNM Resources (NYSE: PNM) today released its 2021 first quarter results.

PNM Resources Reports First Quarter Results

ALBUQUERQUE, N.M., April 21, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and Avangrid filed a stipulation in its merger application before the New Mexico Public Regulation Commission (NMPRC) with the New Mexico Attorney General, Western Resource Advocates, International Brotherhood of Electrical Workers Local 611, Dine Citizens Against Ruining Our Environment, Nava Education Project, San Juan Citizens Alliance, and To Nizhoni Ani.

PNM and Avangrid File Stipulation in New Mexico

ORANGE, Conn.--(BUSINESS WIRE)--FERC approves AVANGRID's proposed PNM Resources merger, on track to close in the second half of 2021.

FERC Approves AVANGRID's Proposed PNM Resources Merger

ALBUQUERQUE, N.M., April 12, 2021 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2021 first quarter financial results prior to the market opening on Friday, April 30, 2021.

PNM Resources to Announce 2021 First Quarter Earnings on April 30

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID reaches settlement with key stakeholders in Texas for PNM Resources merger; transaction remains on track to close the second half of 2021.

AVANGRID Reaches Settlement With Key Stakeholders in Texas for PNM Resources Merger

PNM Resources (PNM) reported earnings 30 days ago. What's next for the stock?

Why Is PNM Resources (PNM) Up 2% Since Last Earnings Report?

ALBUQUERQUE, N.M., March 12, 2021 /PRNewswire/ -- PNM, the wholly-owned New Mexico utility subsidiary of PNM Resources (NYSE: PNM), has enhanced its plan to exit the coal-fired Four Corners Power Plant with additional plans for seasonal operations at the plant beginning in the fall of 2023.

PNM Underscores ESG Strategy with Additional Plan to Reduce Emissions at Four Corners Power Plant

ORANGE, Conn.--(BUSINESS WIRE)--FCC approves transfer of licenses related to AVANGRID's proposed PNM Resources merger, on track to close second half of 2021.

FCC Approves Transfer of Licenses Related to AVANGRID's Proposed PNM Resources Merger

PNM Resources' (PNM) emphasis on generating clean energy and consistent investments are expected to fortify its operations.

PNM Resources' (PNM) Focus on Clean Energy & CAPEX Bode Well

PNM Resources' (PNM) 2020 earnings and revenues surpass estimates. Its merger with AVANGRID is on course and is likely to conclude by second half of 2021.

PNM Resources' (PNM) 2020 Earnings and Revenues Up Y/Y

ALBUQUERQUE, N.M., Feb. 26, 2021 /PRNewswire/ -- 2020 GAAP earnings of $2.15 per diluted share 2020 Ongoing earnings per share of $2.28 in line with expectations Affirmed 2021 Ongoing earnings guidance range of $2.27 to $2.37 per diluted share PNM Resources (In millions, except EPS) 2020...

PNM Resources Reports 2020 Earnings Results

ALBUQUERQUE, N.M., Feb. 15, 2021 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2020 fourth quarter and year-end financial results prior to the market opening on Friday, February 26, 2021. The earnings news release will be issued at 6:30 a.m. Eastern. In light of the previously...

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