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PNM Resources Q3 2023 Earnings Report

PNM Resources EPS Results

Actual EPS
$1.54
Consensus EPS
$1.30
Beat/Miss
Beat by +$0.24
One Year Ago EPS
$1.46

PNM Resources Revenue Results

Actual Revenue
$505.85 million
Expected Revenue
$908.51 million
Beat/Miss
Missed by -$402.66 million
YoY Revenue Growth
N/A

PNM Resources Announcement Details

Quarter
Q3 2023
Time
Before Market Opens

Conference Call Resources

PNM Resources Earnings Headlines

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PNM seeks bidders for electricity resources
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About PNM Resources

PNM Resources (NYSE:PNM), through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

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