PNM Resources, Inc.

PNM

US69349H1077

Electric Utilities

Real-time Estimate Cboe BZX Other stock markets 11:42:04 2024-04-26 am EDT			5-day change	1st Jan Change
36.12 ^USD	-0.55%		-1.31%	-13.15%

Apr. 15	Barclays Adjusts Price Target on PNM Resources to $43 From $40, Keeps Overweight Rating	MT
Apr. 01	PNM Resources, Inc. Enters into a Twelfth Amendment to and Restatement of Credit Agreement Amending and Restating its $300.0 Million Revolving Credit Agreement	CI

PNM Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022

November 04, 2022 at 07:06 am EDT

PNM Resources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 729.89 million compared to USD 554.55 million a year ago. Revenue was USD 729.89 million compared to USD 554.55 million a year ago. Net income was USD 122.43 million compared to USD 113.32 million a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to USD 1.32 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to USD 1.32 a year ago.
For the nine months, sales was USD 1,673.74 million compared to USD 1,345.8 million a year ago. Revenue was USD 1,673.74 million compared to USD 1,345.8 million a year ago. Net income was USD 153.79 million compared to USD 184.61 million a year ago. Basic earnings per share from continuing operations was USD 1.79 compared to USD 2.14 a year ago. Diluted earnings per share from continuing operations was USD 1.78 compared to USD 2.14 a year ago.

Latest news about PNM Resources, Inc.

Barclays Adjusts Price Target on PNM Resources to $43 From $40, Keeps Overweight Rating	Apr. 15	MT
PNM Resources, Inc. Enters into a Twelfth Amendment to and Restatement of Credit Agreement Amending and Restating its $300.0 Million Revolving Credit Agreement	Apr. 01	CI
PNM Resources, Inc. Announces Retirement of Patrick Apodaca as Senior Vice President and General Counsel	Mar. 27	CI
Iberdrola Focuses Investments on Networks, Expects Raised Shareholder Payouts -- Update	Mar. 21	DJ
Spain's Iberdrola set to build on grid power as renewables appeal wanes	Mar. 21	RE
Iberdrola Makes $2.5 Billion Bid to Take Full Ownership of Avangrid -- Update	Mar. 07	DJ
PNM Resources to Affirm 2024 Earnings Outlook	Mar. 04	MT
PNM Resources Keeps Quarterly Dividend at $0.3875 per Share, Payable May 10 to Investors of Record April 26	Mar. 01	MT
PNM Resources, Inc. Declares Regular Quarterly Dividend, Payable May 10, 2024	Mar. 01	CI
Sector Update: Energy Stocks Slump in Late Tuesday Afternoon Trading	Feb. 13	MT
Sector Update: Energy Stocks Decline in Tuesday Afternoon Trading	Feb. 13	MT
PNM Resources to Affirm 2024 Earnings Guidance	Feb. 13	MT
Barclays Initiates PNM Resources at Overweight Rating With $40 Price Target	Feb. 08	MT
Transcript : PNM Resources, Inc., 2023 Earnings Call, Feb 06, 2024	Feb. 06
PNM Resources' Q4 Non-GAAP Earnings Rise; 2024 Guidance Issued	Feb. 06	MT
PNM Resources, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 06	CI
PNM Resources, Inc. Provides Consolidated Earnings Guidance for the Year 2024	Feb. 06	CI
RBC Cuts Price Target on PNM Resources to $43 From $50.30, Keeps Sector Perform Rating	Jan. 05	MT
News Highlights : Top Energy News of the Day	Jan. 05	DJ
North American Morning Briefing : S&P 500 Futures -2-	Jan. 04	DJ
Utilities Gain on Defensive Bias -- Utilities Roundup	Jan. 03	DJ
Mizuho Securities Downgrades PNM Resources to Neutral From Buy, Price Target is $41	Jan. 03	MT
Wells Fargo Upgrades PNM Resources to Overweight From Equalweight, Price Target is $44	Jan. 03	MT
News Highlights : Top Energy News of the Day	Jan. 03	DJ
US Equity Markets Close Lower Tuesday Ahead of Fed Meeting Minutes	Jan. 02	MT

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Company Profile

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.

Sector

Electric Utilities

Calendar

2024-04-29 - Q1 2024 Earnings Release

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Russell 2000

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Ratings for PNM Resources, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

36.32 USD

Average target price

43.43 USD

Spread / Average Target

+19.57%

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