PNM Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 05:30 pm EDT
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PNM Resources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 554.55 million compared to USD 472.47 million a year ago. Revenue was USD 554.55 million compared to USD 472.47 million a year ago. Net income was USD 113.32 million compared to USD 121.77 million a year ago. Basic earnings per share from continuing operations was USD 1.32 compared to USD 1.52 a year ago. Diluted earnings per share from continuing operations was USD 1.32 compared to USD 1.52 a year ago.
For the nine months, sales was USD 1,345.8 million compared to USD 1,163.74 million a year ago. Revenue was USD 1,345.8 million compared to USD 1,163.74 million a year ago. Net income was USD 184.61 million compared to USD 164 million a year ago. Basic earnings per share from continuing operations was USD 2.14 compared to USD 2.05 a year ago. Diluted earnings per share from continuing operations was USD 2.14 compared to USD 2.05 a year ago.
PNM Resources, Inc. is a holding company, which provides electric service to consumers in Texas-New Mexico Power Companyâs (TNMP). service territories. The Company with its two regulated utilities serving approximately 824,000 residential, commercial, and industrial customers and end users of electricity in New Mexico and Texas. The Companyâs electric utilities are Public Service Company of New Mexico (PNM), and TNMP. PNM is an electric utility, which provides electric generation, transmission, and distribution service to its rate-regulated customers. PNMâs retail electric service territory covers an area of north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico. Other services provided by PNM include wholesale transmission services to third parties. Other services provided by PNM include wholesale transmission services to third parties. TNMP provides transmission and distribution services in Texas.
PNM RESOURCES, INC. 
