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PNM ResourcesNYSE: PNM

Profile

Sector:

Utilities

Industry:

Electric

Country:

United States

IPO:

10 August 1984

Next earnings report:

N/A

Last dividends:

26 July 2024

Next dividends:

N/A
$3.90 B
-8%vs. 3y high
50%vs. sector
-1%vs. 3y high
95%vs. sector
-18%vs. 3y high
47%vs. sector
-15%vs. 3y high
48%vs. sector

Price

regular market | Fri, 04 Oct 2024 13:30:00 GMT
$43.25(0.00%)
$488.10 M$584.56 M
$488.10 M$48.18 M

Analysts recommendations

Institutional Ownership

Included in screeners

No data

PNM Latest News

NMPRC approves PNM Grid Modernization Plan
prnewswire.com17 October 2024 Sentiment: POSITIVE

ALBUQUERQUE, N.M., Oct. 17, 2024 /PRNewswire/ -- The New Mexico Public Regulation Commission (NMPRC) approved an application by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), designed to modernize its grid infrastructure using state-of-the art technology for a more resilient, reliable, efficient and decarbonized electric system.

PNM Resources (PNM) Q2 Earnings Top Estimates, Sales Rise Y/Y
zacks.com31 July 2024 Sentiment: POSITIVE

PNM Resources' (PNM) second-quarter 2024 earnings and revenues increase year over year. Total operating expenses decline during the same period.

PNM Resources Reports Second Quarter 2024 Results
prnewswire.com31 July 2024 Sentiment: POSITIVE

2024 Ongoing Earnings Guidance Affirmed 2024 second quarter GAAP earnings of $0.53 per diluted share 2024 second quarter ongoing earnings of $0.60 per diluted share Affirmed ongoing earnings guidance range of $2.65 - $2.75 Name change to TXNM Energy, trading under TXNM ticker expected August 5, 2024 ALBUQUERQUE, N.M., July 31, 2024 /PRNewswire/ --                                                             PNM Resources (In millions, except EPS)   Q2 2024 Q2 2023 YTD 2024 YTD 2023 GAAP net earnings attributable to PNM Resources $48.0 $45.3 $95.2 $100.3 GAAP diluted EPS $0.53 $0.53 $1.05 $1.16 Ongoing net earnings $54.3 $47.4 $91.3 $95.1 Ongoing diluted EPS $0.60 $0.55 $1.01 $1.10 PNM Resources (NYSE: PNM) today released its 2024 second quarter results.

PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5
prnewswire.com22 July 2024 Sentiment: POSITIVE

ALBUQUERQUE, N.M. , July 22, 2024 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) is expecting to complete the change of its holding company name to TXNM Energy, Inc. (NYSE: TXNM), effective at 5:00pm ET on August 2, 2024.

PNM Resources Board Declares Quarterly Common Stock Dividend
prnewswire.com16 July 2024 Sentiment: POSITIVE

ALBUQUERQUE, N.M., July 16, 2024 /PRNewswire/ -- At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3875 per share on the company's common stock.

PNM Resources to Announce 2024 Second Quarter Earnings on July 31
prnewswire.com08 July 2024 Sentiment: POSITIVE

ALBUQUERQUE, N.M., July 8, 2024 /PRNewswire/ -- PNM Resources will announce second quarter 2024 financial results prior to the market opening on Wednesday, July 31, 2024.

PNM Resources (PNM) Rides on Clean & Affordable Power Supply
zacks.com05 July 2024 Sentiment: POSITIVE

PNM Resources (PNM) continues to benefit from infrastructure investment and focus on clean power generation.

PNM Files 2025 Rate Request
prnewswire.com14 June 2024 Sentiment: POSITIVE

Phased-In Rate Path Proposed to Mitigate Customer Impact ALBUQUERQUE, N.M., June 14, 2024 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc. (NYSE: PNM), today filed a request for a change in electricity customer rates with the New Mexico Public Regulation Commission (NMPRC) to begin July 1, 2025.

TNMP Receives Approval for Distribution Investment Recovery
prnewswire.com14 June 2024 Sentiment: POSITIVE

ALBUQUERQUE, N.M., June 14, 2024 /PRNewswire/ -- The Public Utility Commission of Texas (PUCT) approved the application from Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (NYSE: PNM), to recover over $205 million in net distribution infrastructure investments to reliably serve customers' power needs since its last filing.

PNM Resources Closes Offering of $500 Million 5.75% Junior Subordinated Convertible Notes due 2054
prnewswire.com10 June 2024 Sentiment: POSITIVE

ALBUQUERQUE, N.M. , June 10, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) today announced the closing of its offering of $500,000,000 aggregate principal amount of 5.75% junior subordinated convertible notes due 2054 (the "convertible notes").

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What type of business is PNM Resources?

PNM Resources Inc, or PNMR, is a holding company that owns regulated utility companies providing electricity and electric services. PNMR segments its operations into two subsidiaries, PNM and TNMP. PNM provides services for the generation, transmission, and distribution of electricity primarily in New Mexico areas. While PNM utilizes various fuel sources in its power plant portfolio, its coal and gas facilities produce the majority of the energy. TNMP owns and operates transmission and distribution services primarily in small to mid-sized Texas communities. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees. PNM Resources, Inc. was founded in 1917, with its headquarters located in Albuquerque, New Mexico.

What sector is PNM Resources in?

PNM Resources is in the Utilities sector

What industry is PNM Resources in?

PNM Resources is in the Electric industry

What country is PNM Resources from?

PNM Resources is headquartered in United States

When did PNM Resources go public?

PNM Resources initial public offering (IPO) was on 10 August 1984

What is PNM Resources website?

https://www.pnmresources.com

Is PNM Resources in the S&P 500?

No, PNM Resources is not included in the S&P 500 index

Is PNM Resources in the NASDAQ 100?

No, PNM Resources is not included in the NASDAQ 100 index

Is PNM Resources in the Dow Jones?

No, PNM Resources is not included in the Dow Jones index

When was PNM Resources the previous earnings report?

No data

When does PNM Resources earnings report?

Next earnings report date is not announced yet