PNM Resources Key Executives
This section highlights PNM Resources's key executives, including their titles and compensation details.
Find Contacts at PNM Resources
(Showing 0 of )
PNM Resources Earnings
This section highlights PNM Resources's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-21 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-01 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-31 | $0.55 | $0.60 |
| Read Transcript | Q1 | 2024 | 2024-04-30 | $0.40 | $0.41 |
| Read Transcript | Q4 | 2023 | 2024-02-06 | $0.15 | $0.18 |
PNM Resources, Inc., 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 generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.
$41.77
Stock Price
$3.77B
Market Cap
1.70K
Employees
Albuquerque, NM
Location
Financial Statements
Access annual & quarterly financial statements for PNM Resources, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $1.94B | $2.25B | $1.78B | $1.52B | $1.46B |
| Cost of Revenue | $1.31B | $1.14B | $788.78M | $585.22M | $555.36M |
| Gross Profit | $627.10M | $1.11B | $991.09M | $937.79M | $902.25M |
| Gross Profit Ratio | 32.30% | 49.53% | 55.70% | 61.57% | 61.90% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $227.90M | $321.83M | $311.63M | $294.28M | $259.09M |
| Selling and Marketing Expenses | $- | $- | $81.33M | $77.94M | $69.86M |
| Selling General and Administrative Expenses | $227.90M | $321.83M | $311.63M | $294.28M | $259.09M |
| Other Expenses | $-95.94M | $397.84M | $370.12M | $357.14M | $347.86M |
| Operating Expenses | $323.84M | $719.67M | $681.74M | $651.41M | $606.95M |
| Cost and Expenses | $1.64B | $1.85B | $1.47B | $1.24B | $1.16B |
| Interest Income | $21.96M | $16.09M | $14.66M | $14.22M | $14.02M |
| Interest Expense | $190.35M | $127.91M | $96.88M | $114.39M | $121.02M |
| Depreciation and Amortization | $353.69M | $341.12M | $320.21M | $314.67M | $301.07M |
| EBITDA | $622.77M | $644.07M | $645.86M | $616.51M | $577.18M |
| EBITDA Ratio | 32.11% | 32.15% | 34.26% | 37.92% | 39.60% |
| Operating Income | $303.26M | $393.76M | $308.15M | $285.28M | $309.37M |
| Operating Income Ratio | 15.64% | 17.50% | 17.31% | 18.73% | 21.22% |
| Total Other Income Expenses Net | $-140.81M | $-182.45M | $-63.72M | $-77.33M | $-77.35M |
| Income Before Tax | $90.53M | $211.31M | $244.43M | $207.95M | $66.85M |
| Income Before Tax Ratio | 4.67% | 9.39% | 13.73% | 13.65% | 4.59% |
| Income Tax Expense | $-16.35M | $26.13M | $32.58M | $20.64M | $-25.28M |
| Net Income | $88.35M | $170.06M | $196.36M | $173.30M | $77.89M |
| Net Income Ratio | 4.56% | 7.56% | 11.03% | 11.38% | 5.34% |
| EPS | $1.02 | $1.97 | $2.28 | $2.16 | $0.97 |
| EPS Diluted | $1.02 | $1.97 | $2.27 | $2.15 | $0.97 |
| Weighted Average Shares Outstanding | 86.30M | 86.12M | 86.07M | 80.16M | 79.93M |
| Weighted Average Shares Outstanding Diluted | 86.37M | 86.17M | 86.11M | 80.30M | 79.99M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $488.10M | $436.88M | $412.11M | $505.85M | $477.16M | $544.08M | $575.82M | $729.89M | $499.73M | $444.12M | $434.07M | $554.55M | $426.54M | $364.71M | $359.28M | $472.46M | $357.65M | $333.62M | $344.14M | $433.59M |
| Cost of Revenue | $298.75M | $270.47M | $284.00M | $230.70M | $198.05M | $264.04M | $326.40M | $368.81M | $238.09M | $201.98M | $214.62M | $231.75M | $190.12M | $152.29M | $160.54M | $165.14M | $127.21M | $132.33M | $149.89M | $139.61M |
| Gross Profit | $189.35M | $166.41M | $128.11M | $275.15M | $279.11M | $280.03M | $249.41M | $361.08M | $261.63M | $242.14M | $219.45M | $322.80M | $236.43M | $212.41M | $198.73M | $307.33M | $230.44M | $201.29M | $194.26M | $293.97M |
| Gross Profit Ratio | 38.80% | 38.10% | 31.10% | 54.40% | 58.50% | 51.50% | 43.30% | 49.50% | 52.40% | 54.50% | 50.60% | 58.20% | 55.40% | 58.20% | 55.31% | 65.05% | 64.43% | 60.34% | 56.45% | 67.80% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $59.58M | $55.43M | $60.27M | $58.48M | $79.50M | $77.31M | $95.34M | $79.66M | $72.50M | $74.33M | $61.83M | $76.52M | $71.33M | $76.78M | $68.24M | $70.35M | $68.49M | $63.32M | $46.45M | $64.07M |
| Selling and Marketing Expenses | $- | $22.76M | $-47.27M | $25.08M | $- | $22.20M | $-39.62M | $- | $21.16M | $18.47M | $25.17M | $20.00M | $18.85M | $17.32M | $23.88M | $18.74M | $18.03M | $17.29M | $17.53M | $16.46M |
| Selling General and Administrative Expenses | $59.58M | $55.43M | $60.27M | $58.48M | $79.50M | $77.31M | $95.34M | $79.66M | $72.50M | $74.33M | $87.00M | $76.52M | $71.33M | $76.78M | $92.12M | $70.35M | $68.49M | $63.32M | $46.45M | $64.07M |
| Other Expenses | $-24.08M | $-25.93M | $-23.55M | $360.72M | $2.08M | $103.64M | $97.53M | $99.22M | $101.35M | $99.74M | $885.00K | $588.00K | $-794.00K | $962.00K | $1.65M | $-339.00K | $1.08M | $-1.16M | $-1.02M | $644.00K |
| Operating Expenses | $83.67M | $81.36M | $83.81M | $419.20M | $183.04M | $180.94M | $192.88M | $178.88M | $173.84M | $174.07M | $179.64M | $170.63M | $162.22M | $169.25M | $179.05M | $159.52M | $159.29M | $153.56M | $133.21M | $153.43M |
| Cost and Expenses | $382.42M | $351.83M | $367.82M | $419.20M | $381.10M | $444.99M | $519.28M | $547.69M | $411.94M | $376.05M | $394.26M | $402.39M | $352.34M | $321.54M | $339.59M | $324.66M | $286.50M | $285.88M | $283.10M | $293.05M |
| Interest Income | $4.47M | $4.58M | $6.39M | $5.37M | $5.36M | $4.84M | $4.51M | $3.97M | $3.33M | $4.29M | $4.20M | $3.33M | $3.58M | $3.56M | $4.55M | $3.18M | $3.07M | $3.42M | $3.53M | $3.44M |
| Interest Expense | $55.83M | $53.76M | $53.70M | $49.84M | $45.90M | $40.92M | $37.95M | $34.53M | $29.22M | $26.22M | $23.63M | $23.24M | $24.12M | $25.88M | $25.61M | $27.26M | $31.09M | $30.43M | $29.23M | $30.36M |
| Depreciation and Amortization | $103.36M | $103.00M | $91.14M | $88.71M | $86.72M | $87.13M | $85.31M | $85.87M | $85.27M | $84.67M | $81.25M | $80.76M | $79.35M | $78.86M | $68.22M | $68.40M | $78.26M | $68.97M | $68.04M | $77.09M |
| EBITDA | $219.57M | $188.05M | $64.51M | $177.67M | $182.69M | $191.66M | $146.76M | $268.06M | $126.20M | $123.64M | $121.06M | $236.84M | $160.91M | $126.54M | $96.23M | $219.05M | $166.95M | $118.98M | $134.74M | $221.72M |
| EBITDA Ratio | 42.83% | 43.04% | 24.57% | 33.15% | 38.28% | 33.56% | 23.83% | 37.78% | 35.60% | 35.83% | 26.95% | 42.71% | 36.65% | 34.70% | 26.19% | 46.36% | 42.94% | 35.66% | 38.24% | 51.14% |
| Operating Income | $105.68M | $85.05M | $44.30M | $86.65M | $92.33M | $99.09M | $56.54M | $182.76M | $86.39M | $68.07M | $39.05M | $151.73M | $74.20M | $43.17M | $18.59M | $147.81M | $71.15M | $47.74M | $60.55M | $140.54M |
| Operating Income Ratio | 21.65% | 19.47% | 10.75% | 17.13% | 19.35% | 18.21% | 9.82% | 25.04% | 17.29% | 15.33% | 9.00% | 27.36% | 17.40% | 11.84% | 5.17% | 31.28% | 19.89% | 14.31% | 17.59% | 32.41% |
| Total Other Income Expenses Net | $-44.75M | $-42.80M | $-28.09M | $-49.00M | $-34.68M | $-29.04M | $-27.29M | $-42.58M | $-66.17M | $-46.41M | $-17.81M | $-17.38M | $-8.14M | $-20.39M | $-977.00K | $-10.02M | $-5.31M | $-61.02M | $-17.42M | $-24.59M |
| Income Before Tax | $60.94M | $37.80M | $-74.83M | $37.65M | $57.65M | $70.05M | $29.25M | $140.19M | $20.22M | $21.66M | $21.25M | $134.35M | $66.06M | $22.77M | $17.61M | $137.78M | $65.84M | $-13.28M | $43.13M | $115.95M |
| Income Before Tax Ratio | 12.48% | 8.65% | -18.16% | 7.44% | 12.08% | 12.88% | 5.08% | 19.21% | 4.05% | 4.88% | 4.90% | 24.23% | 15.49% | 6.24% | 4.90% | 29.16% | 18.41% | -3.98% | 12.53% | 26.74% |
| Income Tax Expense | $8.97M | $-12.57M | $-29.09M | $-77.00K | $8.23M | $9.78M | $9.15M | $13.45M | $1.09M | $2.44M | $6.05M | $16.67M | $8.30M | $1.57M | $5.91M | $12.33M | $4.28M | $-1.88M | $7.14M | $9.19M |
| Net Income | $48.18M | $47.32M | $-50.09M | $37.86M | $45.44M | $55.15M | $15.88M | $122.56M | $15.49M | $16.12M | $11.35M | $113.45M | $53.84M | $17.71M | $8.91M | $121.90M | $57.62M | $-15.13M | $31.94M | $102.90M |
| Net Income Ratio | 9.87% | 10.83% | -12.16% | 7.48% | 9.52% | 10.14% | 2.76% | 16.79% | 3.10% | 3.63% | 2.62% | 20.46% | 12.62% | 4.86% | 2.48% | 25.80% | 16.11% | -4.53% | 9.28% | 23.73% |
| EPS | $0.53 | $0.52 | $-0.58 | $0.44 | $0.53 | $0.64 | $0.18 | $1.42 | $0.18 | $0.19 | $0.18 | $1.32 | $0.62 | $0.20 | $0.11 | $1.52 | $0.72 | $-0.19 | $0.40 | $1.29 |
| EPS Diluted | $0.53 | $0.52 | $-0.58 | $0.44 | $0.53 | $0.64 | $0.18 | $1.42 | $0.18 | $0.19 | $0.18 | $1.32 | $0.62 | $0.20 | $0.11 | $1.52 | $0.72 | $-0.19 | $0.40 | $1.28 |
| Weighted Average Shares Outstanding | 90.50M | 90.48M | 85.83M | 86.09M | 86.08M | 86.10M | 85.83M | 86.10M | 86.19M | 86.09M | 85.83M | 86.07M | 86.07M | 86.03M | 80.11M | 79.87M | 79.84M | 79.87M | 79.97M | 79.95M |
| Weighted Average Shares Outstanding Diluted | 90.55M | 90.51M | 85.83M | 86.13M | 86.13M | 86.14M | 85.83M | 86.14M | 86.23M | 86.17M | 86.07M | 86.11M | 86.11M | 86.06M | 80.11M | 79.91M | 79.88M | 79.87M | 80.32M | 80.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.21M | $4.08M | $1.10M | $47.93M | $3.83M |
| Short Term Investments | $7.20M | $26.84M | $- | $- | $- |
| Cash and Short Term Investments | $2.21M | $4.08M | $1.10M | $47.93M | $3.83M |
| Net Receivables | $273.57M | $269.81M | $204.69M | $198.38M | $160.40M |
| Inventory | $98.03M | $66.73M | $65.06M | $66.42M | $77.93M |
| Other Current Assets | $101.72M | $70.35M | $53.74M | $64.75M | $51.84M |
| Total Current Assets | $475.54M | $410.98M | $324.60M | $377.48M | $294.01M |
| Property Plant Equipment Net | $7.82B | $7.06B | $6.86B | $6.09B | $5.61B |
| Goodwill | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M |
| Intangible Assets | $- | $278.30M | $278.30M | $278.30M | $278.30M |
| Goodwill and Intangible Assets | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M |
| Long Term Investments | $564.15M | $508.27M | $552.55M | $531.05M | $454.35M |
| Tax Assets | $-2.21B | $368.20M | $764.85M | $694.51M | $626.06M |
| Other Non-Current Assets | $3.32B | $635.99M | $-111.26M | $-35.84M | $36.38M |
| Total Non-Current Assets | $9.78B | $8.85B | $8.34B | $7.56B | $7.00B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $10.25B | $9.26B | $8.67B | $7.94B | $7.30B |
| Account Payables | $205.18M | $215.71M | $172.59M | $169.32M | $103.12M |
| Short Term Debt | $542.07M | $416.79M | $242.04M | $608.42M | $675.77M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $6.24M | $6.12M | $5.09M | $6.61M | $10.59M |
| Other Current Liabilities | $483.52M | $257.87M | $249.58M | $199.93M | $188.59M |
| Total Current Liabilities | $1.23B | $890.37M | $664.21M | $977.66M | $967.48M |
| Long Term Debt | $4.41B | $3.93B | $3.58B | $2.80B | $2.62B |
| Deferred Revenue Non-Current | $1.35B | $342.41M | $333.19M | $255.23M | $185.75M |
| Deferred Tax Liabilities Non-Current | $845.28M | $822.83M | $764.85M | $694.51M | $626.06M |
| Other Non-Current Liabilities | $1.36B | $1.35B | $1.43B | $1.35B | $1.33B |
| Total Non-Current Liabilities | $6.61B | $6.11B | $5.77B | $4.84B | $4.58B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $7.84B | $7.00B | $6.43B | $5.82B | $5.55B |
| Preferred Stock | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M |
| Common Stock | $1.62B | $1.43B | $1.43B | $1.43B | $1.15B |
| Retained Earnings | $787.11M | $828.88M | $810.20M | $698.71M | $627.52M |
| Accumulated Other Comprehensive Income Loss | $-62.84M | $-66.05M | $-71.94M | $-79.18M | $-99.38M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $2.36B | $2.20B | $2.18B | $2.06B | $1.69B |
| Total Equity | $2.41B | $2.26B | $2.23B | $2.12B | $1.75B |
| Total Liabilities and Stockholders Equity | $10.25B | $9.26B | $8.67B | $7.94B | $7.30B |
| Minority Interest | $49.96M | $52.99M | $55.41M | $59.01M | $63.05M |
| Total Liabilities and Total Equity | $10.25B | $9.26B | $8.67B | $7.94B | $7.30B |
| Total Investments | $564.15M | $535.11M | $552.55M | $531.05M | $454.35M |
| Total Debt | $4.96B | $4.37B | $3.84B | $3.44B | $3.33B |
| Net Debt | $4.96B | $4.37B | $3.84B | $3.39B | $3.32B |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $3.23M | $2.99M | $2.21M | $7.77M | $7.64M | $3.08M | $4.08M | $5.62M | $3.48M | $4.39M | $1.10M | $49.48M | $18.46M | $7.52M | $47.93M | $30.89M | $2.82M | $16.25M | $3.83M | $20.09M |
| Short Term Investments | $- | $18.83M | $7.20M | $- | $- | $- | $26.84M | $- | $26.07M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $3.23M | $2.99M | $2.21M | $7.77M | $7.64M | $3.08M | $4.08M | $5.62M | $3.48M | $4.39M | $1.10M | $49.48M | $18.46M | $7.52M | $47.93M | $30.89M | $2.82M | $16.25M | $3.83M | $20.09M |
| Net Receivables | $308.01M | $206.12M | $273.57M | $271.07M | $222.72M | $181.36M | $269.81M | $269.42M | $240.66M | $181.68M | $204.69M | $239.81M | $218.81M | $168.95M | $168.91M | $217.67M | $166.69M | $147.28M | $160.40M | $172.59M |
| Inventory | $115.14M | $104.49M | $98.03M | $83.39M | $81.02M | $52.97M | $66.73M | $64.83M | $75.41M | $70.24M | $65.06M | $66.75M | $61.97M | $62.11M | $66.42M | $67.44M | $69.68M | $74.12M | $77.93M | $77.74M |
| Other Current Assets | $111.26M | $94.24M | $101.72M | $127.00M | $93.25M | $115.15M | $70.35M | $69.90M | $50.73M | $44.83M | $53.74M | $91.67M | $92.66M | $89.90M | $67.92M | $61.98M | $61.40M | $50.31M | $51.84M | $70.73M |
| Total Current Assets | $537.65M | $407.84M | $475.54M | $489.23M | $404.64M | $306.46M | $410.98M | $409.77M | $370.29M | $301.14M | $324.60M | $447.71M | $391.89M | $328.48M | $377.48M | $377.99M | $326.88M | $287.96M | $294.01M | $341.16M |
| Property Plant Equipment Net | $8.18B | $7.97B | $7.82B | $7.63B | $7.29B | $4.52B | $7.06B | $6.88B | $7.03B | $6.96B | $6.86B | $6.33B | $6.25B | $6.15B | $6.09B | $5.91B | $5.81B | $5.69B | $5.61B | $5.50B |
| Goodwill | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $51.63M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M |
| Intangible Assets | $- | $- | $- | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $- | $- | $- | $- | $- | $278.30M | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $51.63M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M | $278.30M |
| Long Term Investments | $441.46M | $448.36M | $564.15M | $540.12M | $539.80M | $431.40M | $508.27M | $467.50M | $476.65M | $520.62M | $552.55M | $544.62M | $541.70M | $524.98M | $531.05M | $499.26M | $473.82M | $428.70M | $454.35M | $425.34M |
| Tax Assets | $854.17M | $835.84M | $-2.21B | $859.17M | $861.45M | $839.00M | $368.20M | $806.63M | $780.52M | $772.26M | $349.18M | $744.86M | $718.84M | $702.01M | $- | $674.70M | $647.88M | $630.84M | $- | $614.01M |
| Other Non-Current Assets | $292.49M | $319.45M | $3.32B | $257.60M | $248.43M | $154.18M | $635.99M | $184.06M | $-25.47M | $-101.61M | $304.42M | $-89.74M | $-61.36M | $-43.86M | $658.67M | $3.76M | $41.18M | $64.13M | $662.44M | $46.72M |
| Total Non-Current Assets | $10.05B | $9.85B | $9.78B | $9.56B | $9.22B | $6.00B | $8.85B | $8.62B | $8.54B | $8.43B | $8.34B | $7.81B | $7.73B | $7.61B | $7.56B | $7.36B | $7.25B | $7.09B | $7.00B | $6.86B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $10.58B | $10.26B | $10.25B | $10.05B | $9.63B | $6.31B | $9.26B | $9.03B | $8.91B | $8.73B | $8.67B | $8.26B | $8.12B | $7.94B | $7.94B | $7.74B | $7.57B | $7.38B | $7.30B | $7.20B |
| Account Payables | $140.30M | $133.47M | $205.18M | $157.03M | $147.59M | $95.37M | $215.71M | $127.49M | $129.92M | $117.77M | $172.59M | $111.97M | $128.25M | $110.58M | $169.32M | $84.68M | $75.93M | $95.19M | $103.12M | $81.68M |
| Short Term Debt | $578.00M | $540.09M | $542.07M | $919.92M | $757.66M | $629.99M | $416.79M | $263.42M | $552.48M | $293.14M | $242.04M | $146.39M | $368.02M | $1.24B | $32.00M | $990.72M | $1.06B | $869.85M | $185.10M | $703.03M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $6.45M | $6.26M | $6.24M | $6.26M | $6.23M | $6.32M | $6.12M | $5.92M | $5.88M | $5.36M | $5.09M | $4.88M | $4.75M | $4.88M | $6.61M | $9.17M | $10.00M | $10.47M | $10.59M | $10.73M |
| Other Current Liabilities | $413.88M | $433.57M | $483.52M | $395.36M | $196.76M | $463.78M | $251.75M | $269.64M | $206.20M | $256.77M | $244.48M | $211.97M | $135.44M | $159.45M | $769.74M | $167.00M | $121.17M | $139.41M | $668.68M | $150.29M |
| Total Current Liabilities | $1.14B | $1.11B | $1.23B | $1.48B | $1.11B | $892.73M | $890.37M | $666.47M | $894.48M | $673.04M | $664.21M | $475.21M | $636.47M | $1.51B | $977.66M | $1.25B | $1.27B | $1.11B | $967.48M | $945.73M |
| Long Term Debt | $4.76B | $4.54B | $4.41B | $4.07B | $3.96B | $4.13B | $3.89B | $3.94B | $3.61B | $3.67B | $3.52B | $3.45B | $3.25B | $2.28B | $684.04M | $2.59B | $2.53B | $2.56B | $624.85M | $2.57B |
| Deferred Revenue Non-Current | $314.96M | $317.88M | $1.35B | $323.19M | $346.46M | $321.40M | $342.41M | $806.63M | $343.58M | $335.29M | $764.85M | $277.19M | $264.80M | $259.08M | $694.51M | $250.98M | $227.28M | $222.06M | $626.06M | $181.84M |
| Deferred Tax Liabilities Non-Current | $854.17M | $835.84M | $845.28M | $859.17M | $861.45M | $699.78M | $822.83M | $806.63M | $780.52M | $772.26M | $764.85M | $744.86M | $718.84M | $702.01M | $694.51M | $674.70M | $647.88M | $630.84M | $626.06M | $614.01M |
| Other Non-Current Liabilities | $1.20B | $1.06B | $1.36B | $1.02B | $1.02B | $1.75B | $1.40B | $1.00B | $1.08B | $1.10B | $2.25B | $1.09B | $1.09B | $1.09B | $4.16B | $1.80B | $1.78B | $1.77B | $3.95B | $1.75B |
| Total Non-Current Liabilities | $6.98B | $6.73B | $6.61B | $6.27B | $6.19B | $3.38B | $6.11B | $6.10B | $5.82B | $5.87B | $5.77B | $5.57B | $5.33B | $4.33B | $4.84B | $4.65B | $4.54B | $4.56B | $4.58B | $4.51B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.12B | $7.84B | $7.84B | $7.75B | $7.30B | $4.28B | $7.00B | $6.76B | $6.71B | $6.55B | $6.43B | $6.04B | $5.96B | $5.84B | $5.82B | $5.90B | $5.81B | $5.68B | $5.55B | $5.45B |
| Preferred Stock | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M | $11.53M |
| Common Stock | $1.63B | $1.62B | $1.62B | $1.43B | $1.42B | $1.55B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.15B | $1.14B | $1.14B | $1.15B | $1.15B |
| Retained Earnings | $847.40M | $799.35M | $787.11M | $872.29M | $897.65M | $488.32M | $828.88M | $844.68M | $781.90M | $766.54M | $810.20M | $798.98M | $741.88M | $688.17M | $698.71M | $718.04M | $645.26M | $587.77M | $627.52M | $620.21M |
| Accumulated Other Comprehensive Income Loss | $-69.90M | $-67.61M | $-62.84M | $-62.42M | $-59.23M | $-70.86M | $-66.05M | $-70.18M | $-76.83M | $-76.58M | $-71.94M | $-80.62M | $-79.35M | $-82.34M | $-79.18M | $-89.88M | $-92.58M | $-103.43M | $-99.38M | $-98.88M |
| Other Total Stockholders Equity | $-1 | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-11.53M | $- | $- | $- | $-11.53M | $- |
| Total Stockholders Equity | $2.41B | $2.37B | $2.36B | $2.25B | $2.27B | $1.98B | $2.20B | $2.21B | $2.14B | $2.13B | $2.18B | $2.16B | $2.10B | $2.04B | $2.06B | $1.78B | $1.71B | $1.64B | $1.69B | $1.68B |
| Total Equity | $2.46B | $2.42B | $2.41B | $2.30B | $2.33B | $2.03B | $2.26B | $2.27B | $2.20B | $2.18B | $2.23B | $2.21B | $2.16B | $2.10B | $2.12B | $1.84B | $1.77B | $1.70B | $1.75B | $1.75B |
| Total Liabilities and Stockholders Equity | $10.58B | $10.26B | $10.25B | $10.05B | $9.63B | $6.31B | $9.26B | $9.03B | $8.91B | $8.73B | $8.67B | $8.26B | $8.12B | $7.94B | $7.94B | $7.74B | $7.57B | $7.38B | $7.30B | $7.20B |
| Minority Interest | $48.93M | $49.00M | $49.96M | $51.17M | $51.35M | $52.61M | $52.99M | $53.85M | $54.16M | $54.27M | $55.41M | $56.41M | $57.17M | $57.26M | $59.01M | $59.28M | $59.93M | $60.35M | $63.05M | $64.17M |
| Total Liabilities and Total Equity | $10.58B | $10.26B | $10.25B | $10.05B | $9.63B | $6.31B | $9.26B | $9.03B | $8.91B | $8.73B | $8.67B | $8.26B | $8.12B | $7.94B | $7.94B | $7.74B | $7.57B | $7.38B | $7.30B | $7.20B |
| Total Investments | $441.46M | $448.36M | $564.15M | $540.12M | $539.80M | $431.40M | $535.11M | $467.50M | $502.72M | $520.62M | $552.55M | $544.62M | $541.70M | $524.98M | $531.05M | $499.26M | $473.82M | $428.70M | $454.35M | $425.34M |
| Total Debt | $5.36B | $5.09B | $4.96B | $4.99B | $4.72B | $2.26B | $4.37B | $4.20B | $4.17B | $3.96B | $3.84B | $3.60B | $3.62B | $3.51B | $3.44B | $3.58B | $3.59B | $3.43B | $3.33B | $3.28B |
| Net Debt | $5.36B | $5.08B | $4.96B | $4.98B | $4.71B | $2.26B | $4.37B | $4.19B | $4.16B | $3.96B | $3.84B | $3.55B | $3.60B | $3.51B | $3.39B | $3.55B | $3.58B | $3.42B | $3.32B | $3.26B |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $106.88M | $185.18M | $211.85M | $187.32M | $92.13M |
| Depreciation and Amortization | $353.69M | $341.12M | $320.21M | $314.67M | $301.07M |
| Deferred Income Tax | $-13.51M | $24.53M | $30.75M | $20.41M | $-25.39M |
| Stock Based Compensation | $7.19M | $7.83M | $9.45M | $8.14M | $6.41M |
| Change in Working Capital | $58.42M | $-59.14M | $-961.00K | $-16.57M | $14.51M |
| Accounts Receivables | $53.23M | $-73.10M | $-25.92M | $-42.03M | $3.80M |
| Inventory | $-31.30M | $-8.53M | $1.36M | $11.51M | $-6.09M |
| Accounts Payables | $-33.54M | $47.57M | $10.64M | $7.40M | $-272.00K |
| Other Working Capital | $70.02M | $-25.09M | $12.97M | $6.55M | $17.08M |
| Other Non Cash Items | $38.50M | $67.77M | $-23.42M | $-28.26M | $114.42M |
| Net Cash Provided by Operating Activities | $551.17M | $567.28M | $547.87M | $485.70M | $503.16M |
| Investments in Property Plant and Equipment | $-1.08B | $-912.56M | $-935.02M | $-679.03M | $-616.27M |
| Acquisitions Net | $-26.25M | $- | $572.00K | $-23.25M | $-38.25M |
| Purchases of Investments | $-593.24M | $-564.91M | $-477.67M | $-607.59M | $-513.87M |
| Sales Maturities of Investments | $574.20M | $526.45M | $459.87M | $591.00M | $494.53M |
| Other Investing Activities | $32.70M | $674.00K | $-9.00K | $-14.93M | $-37.00K |
| Net Cash Used for Investing Activities | $-1.09B | $-950.35M | $-952.26M | $-733.80M | $-673.90M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $198.18M | $- | $1.85B | $283.21M | $9.92M |
| Common Stock Repurchased | $-9.65M | $-7.98M | $-10.13M | $1.10B | $-9.92M |
| Dividends Paid | $-126.70M | $-119.84M | $-112.97M | $-98.50M | $-92.93M |
| Other Financing Activities | $663.80M | $505.88M | $470.53M | $390.70M | $265.37M |
| Net Cash Used Provided by Financing Activities | $537.10M | $386.04M | $357.56M | $292.19M | $172.45M |
| Effect of Forex Changes on Cash | $-31.37M | $- | $- | $- | $- |
| Net Change in Cash | $-135.00K | $2.97M | $-46.82M | $44.09M | $1.71M |
| Cash at End of Period | $3.94M | $4.08M | $1.10M | $47.93M | $3.83M |
| Cash at Beginning of Period | $4.08M | $1.10M | $47.93M | $3.83M | $2.12M |
| Operating Cash Flow | $551.17M | $567.28M | $547.87M | $485.70M | $503.16M |
| Capital Expenditure | $-1.08B | $-912.56M | $-935.02M | $-679.03M | $-616.27M |
| Free Cash Flow | $-524.64M | $-345.27M | $-387.14M | $-193.33M | $-113.11M |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $48.18M | $47.32M | $-45.73M | $42.92M | $49.86M | $59.84M | $20.10M | $126.74M | $19.12M | $19.22M | $15.20M | $117.68M | $57.76M | $21.20M | $11.70M | $125.45M | $61.56M | $-11.40M | $35.99M | $106.76M |
| Depreciation and Amortization | $103.36M | $103.00M | $91.14M | $88.71M | $122.41M | $51.44M | $85.31M | $85.87M | $85.27M | $84.67M | $81.25M | $80.76M | $79.35M | $78.86M | $81.13M | $77.74M | $78.26M | $77.53M | $75.89M | $77.09M |
| Deferred Income Tax | $8.45M | $6.93M | $-24.38M | $-6.26M | $5.30M | $11.83M | $9.50M | $12.63M | $396.00K | $2.01M | $5.45M | $15.93M | $7.92M | $1.45M | $6.60M | $11.72M | $3.91M | $-1.83M | $7.83M | $8.71M |
| Stock Based Compensation | $- | $4.61M | $1.32M | $1.53M | $853.00K | $3.49M | $1.85M | $1.16M | $1.76M | $3.05M | $2.72M | $1.02M | $1.49M | $4.22M | $1.58M | $1.33M | $1.43M | $3.80M | $990.00K | $898.00K |
| Change in Working Capital | $-84.75M | $-51.85M | $72.36M | $37.58M | $-43.66M | $-7.86M | $32.28M | $-29.10M | $-45.45M | $-16.87M | $38.21M | $22.22M | $-42.50M | $-18.90M | $38.19M | $3.48M | $-51.51M | $-6.74M | $42.31M | $-10.53M |
| Accounts Receivables | $-39.42M | $29.30M | $53.07M | $-55.75M | $-8.19M | $10.88M | $-56.87M | $-29.82M | $-16.23M | $-1.30M | $-43.13M | $49.56M | $191.29M | $17.20M | $15.30M | $-32.22M | $-39.15M | $14.03M | $28.49M | $-28.90M |
| Inventory | $-10.65M | $-6.46M | $-14.64M | $-2.37M | $-17.20M | $2.92M | $-1.90M | $3.72M | $-5.17M | $-5.18M | $1.69M | $-4.78M | $146.00K | $4.30M | $1.02M | $2.24M | $4.45M | $3.81M | $-187.00K | $-3.25M |
| Accounts Payables | $13.98M | $-31.48M | $-21.31M | $11.35M | $26.73M | $-50.30M | $35.72M | $6.89M | $20.86M | $-15.90M | $4.71M | $4.94M | $10.64M | $-9.65M | $15.52M | $-2.20M | $-4.70M | $-1.22M | $5.20M | $-4.66M |
| Other Working Capital | $-48.66M | $-43.20M | $55.25M | $84.36M | $-45.00M | $28.64M | $55.32M | $-9.90M | $-44.91M | $5.52M | $74.95M | $-27.49M | $-244.57M | $-30.76M | $6.35M | $35.66M | $-12.11M | $-23.35M | $8.81M | $26.28M |
| Other Non Cash Items | $244.27M | $202.05M | $43.87M | $5.69M | $160.00K | $-10.93M | $-9.26M | $12.35M | $40.16M | $24.53M | $-3.47M | $-3.66M | $-15.93M | $-354.00K | $-21.46M | $-17.55M | $-21.68M | $32.43M | $-11.11M | $-3.54M |
| Net Cash Provided by Operating Activities | $76.71M | $92.82M | $138.57M | $170.16M | $134.64M | $107.80M | $139.79M | $209.63M | $101.25M | $116.61M | $139.36M | $233.95M | $88.09M | $86.48M | $117.74M | $202.18M | $71.98M | $93.80M | $151.91M | $179.39M |
| Investments in Property Plant and Equipment | $-292.72M | $-289.10M | $-267.88M | $-270.93M | $-393.66M | $-143.35M | $-209.68M | $-227.15M | $-265.85M | $-209.88M | $-438.83M | $-161.15M | $-162.80M | $-172.24M | $-183.69M | $-151.53M | $-203.60M | $-140.21M | $-171.35M | $-151.84M |
| Acquisitions Net | $-116.94M | $119.78M | $-500.00K | $-11.00M | $-14.75M | $28.37M | $- | $- | $- | $- | $- | $- | $- | $572.00K | $23.25M | $-5.00M | $-8.25M | $-10.00M | $-9.00M | $-16.00M |
| Purchases of Investments | $-112.63M | $-317.52M | $-169.77M | $-141.81M | $-185.89M | $-95.77M | $-232.42M | $-97.64M | $-107.06M | $-127.79M | $-72.53M | $-37.82M | $-240.84M | $-126.48M | $-109.42M | $-138.33M | $-207.73M | $-152.11M | $-128.55M | $-145.70M |
| Sales Maturities of Investments | $227.18M | $302.51M | $161.62M | $137.80M | $182.95M | $91.83M | $203.20M | $92.37M | $105.63M | $125.25M | $63.00M | $33.58M | $239.69M | $123.60M | $101.78M | $134.57M | $205.30M | $149.35M | $119.15M | $141.37M |
| Other Investing Activities | $-34.00K | $-23.00K | $-8.65M | $4.32M | $-2.00K | $6.00K | $-18.00K | $180.00K | $-53.00K | $565.00K | $-117.00K | $15.00K | $-4.00K | $97.00K | $-38.34M | $147.00K | $-103.00K | $122.00K | $155.00K | $-5.00K |
| Net Cash Used for Investing Activities | $-295.14M | $-184.36M | $-276.53M | $-281.61M | $-411.35M | $-118.91M | $-238.92M | $-232.24M | $-267.32M | $-211.86M | $-448.48M | $-165.38M | $-163.95M | $-174.46M | $-206.43M | $-160.14M | $-214.39M | $-152.84M | $-189.60M | $-172.18M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $198.18M | $- | $- | $- | $- | $- | $- | $- | $477.05M | $165.50M | $819.00M | $385.50M | $- | $- | $- | $- | $85.50M | $- |
| Common Stock Repurchased | $-808.00K | $-5.44M | $-15.00K | $-13.00K | $-1.22M | $-8.39M | $-134.00K | $-221.00K | $-890.00K | $-6.74M | $-48.00K | $-129.00K | $-926.00K | $-9.03M | $- | $- | $-486.00K | $-11.50M | $-21.00K | $-5.00K |
| Dividends Paid | $-35.08M | $-35.09M | $-31.68M | $-31.68M | $-31.68M | $-31.68M | $-29.96M | $-29.96M | $-29.96M | $-29.96M | $-28.24M | $-28.24M | $-28.24M | $-28.24M | $-24.63M | $-24.62M | $-24.63M | $-24.62M | $-23.23M | $-23.23M |
| Other Financing Activities | $261.93M | $134.59M | $165.81M | $143.26M | $203.07M | $151.66M | $127.55M | $54.70M | $195.12M | $128.50M | $288.99M | $-9.31M | $115.04M | $75.81M | $130.35M | $10.66M | $153.60M | $96.08M | $44.67M | $31.89M |
| Net Cash Used Provided by Financing Activities | $226.84M | $99.51M | $134.14M | $111.58M | $171.40M | $119.99M | $97.59M | $24.74M | $165.16M | $98.54M | $260.74M | $-37.55M | $86.80M | $47.57M | $105.72M | $-13.96M | $128.98M | $71.46M | $21.44M | $8.66M |
| Effect of Forex Changes on Cash | $- | $- | $-1.09M | $- | $1.09M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $247.00K | $773.00K | $-3.83M | $128.00K | $4.56M | $96.00K | $-1.54M | $2.14M | $-905.00K | $3.29M | $-48.38M | $31.02M | $10.94M | $-40.41M | $17.04M | $28.07M | $-13.43M | $12.42M | $-16.26M | $15.87M |
| Cash at End of Period | $3.23M | $2.99M | $3.94M | $7.77M | $7.64M | $3.08M | $4.08M | $5.62M | $3.48M | $4.39M | $1.10M | $49.48M | $18.46M | $7.52M | $47.93M | $30.89M | $2.82M | $16.25M | $3.83M | $20.09M |
| Cash at Beginning of Period | $2.99M | $2.21M | $7.77M | $7.64M | $3.08M | $2.98M | $5.62M | $3.48M | $4.39M | $1.10M | $49.48M | $18.46M | $7.52M | $47.93M | $30.89M | $2.82M | $16.25M | $3.83M | $20.09M | $4.23M |
| Operating Cash Flow | $76.71M | $92.82M | $138.57M | $170.16M | $134.64M | $107.80M | $139.79M | $209.63M | $101.25M | $116.61M | $139.36M | $233.95M | $88.09M | $86.48M | $117.74M | $202.18M | $71.98M | $93.80M | $151.91M | $179.39M |
| Capital Expenditure | $-292.72M | $-289.10M | $-267.88M | $-270.93M | $-393.66M | $-143.35M | $-209.68M | $-227.15M | $-265.85M | $-209.88M | $-438.83M | $-161.15M | $-162.80M | $-172.24M | $-183.69M | $-151.53M | $-203.60M | $-140.21M | $-171.35M | $-151.84M |
| Free Cash Flow | $-216.01M | $-196.28M | $-129.31M | $-100.77M | $-259.01M | $-35.55M | $-69.89M | $-17.51M | $-164.59M | $-93.27M | $-299.47M | $72.80M | $-74.71M | $-85.76M | $-65.95M | $50.65M | $-131.62M | $-46.41M | $-19.45M | $27.55M |
PNM Resources Dividends
Explore PNM Resources's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.15%
Dividend Payout Ratio
57.83%
Dividend Paid & Capex Coverage Ratio
0.37x
PNM Resources Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.3875 | $0.3875 | July 26, 2024 | July 26, 2024 | August 09, 2024 | July 16, 2024 |
| $0.3875 | $0.3875 | April 25, 2024 | April 26, 2024 | May 10, 2024 | March 01, 2024 |
| $0.3875 | $0.3875 | February 01, 2024 | February 02, 2024 | February 16, 2024 | December 05, 2023 |
| $0.3675 | $0.3675 | October 26, 2023 | October 27, 2023 | November 10, 2023 | September 19, 2023 |
| $0.3675 | $0.3675 | August 10, 2023 | August 11, 2023 | August 25, 2023 | August 01, 2023 |
| $0.3675 | $0.3675 | April 27, 2023 | April 28, 2023 | May 12, 2023 | February 28, 2023 |
| $0.368 | $0.3675 | February 02, 2023 | February 03, 2023 | February 17, 2023 | December 02, 2022 |
| $0.347 | $0.3475 | October 26, 2022 | October 27, 2022 | November 10, 2022 | September 16, 2022 |
| $0.347 | $0.3475 | August 16, 2022 | August 17, 2022 | August 31, 2022 | August 05, 2022 |
| $0.347 | $0.3475 | April 28, 2022 | April 29, 2022 | May 13, 2022 | March 01, 2022 |
| $0.3475 | $0.3475 | February 11, 2022 | February 14, 2022 | February 24, 2022 | February 03, 2022 |
| $0.327 | $0.3275 | October 29, 2021 | November 01, 2021 | November 12, 2021 | September 21, 2021 |
| $0.327 | $0.3275 | August 05, 2021 | August 06, 2021 | August 13, 2021 | July 27, 2021 |
| $0.3275 | $0.3275 | April 29, 2021 | April 30, 2021 | May 14, 2021 | March 05, 2021 |
| $0.3275 | $0.3275 | February 02, 2021 | February 03, 2021 | February 16, 2021 | December 04, 2020 |
| $0.308 | $0.3075 | October 30, 2020 | November 02, 2020 | November 13, 2020 | September 22, 2020 |
| $0.3075 | $0.3075 | August 06, 2020 | August 07, 2020 | August 14, 2020 | July 28, 2020 |
| $0.3075 | $0.3075 | April 30, 2020 | May 01, 2020 | May 15, 2020 | February 21, 2020 |
| $0.3075 | $0.3075 | January 31, 2020 | February 03, 2020 | February 14, 2020 | December 06, 2019 |
| $0.29 | $0.29 | October 31, 2019 | November 01, 2019 | November 15, 2019 | September 24, 2019 |
PNM Resources News
Read the latest news about PNM Resources, including recent articles, headlines, and updates.
PNM and parties file Unopposed Stipulation in 2028 Resource Application
ALBUQUERQUE, N.M., March 13, 2025 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and intervening parties in its 2028 Resource Application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).
PNM issues all-source RFP for new resources in 2029-2032
ALBUQUERQUE, N.M. , Dec. 31, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), has issued a Request for Proposals (RFP) for at least 900 megawatts of new energy resources to come online between 2029 and 2032 to serve customers in New Mexico, with at least 500 megawatts needed by 2030.
PNM and parties file Unopposed Stipulation in 2025 Rate Request
ALBUQUERQUE, N.M. , Nov. 26, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and parties in its 2025 Rate Request application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).
PNM reaches Settlement in Principle in 2025 Rate Request
ALBUQUERQUE, N.M., Nov. 15, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating several parties have reached a Settlement in Principle in PNM's 2025 Rate Request application.
PNM announces plan to join CAISO EDAM regional energy market
ALBUQUERQUE, N.M. , Nov. 11, 2024 /PRNewswire/ -- In a continued effort to enhance reliability and economic benefits to customers, Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), has announced its plan to join the California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM).
NMPRC approves PNM Grid Modernization Plan
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, Inc. (PNM) Q2 2024 Earnings Call Transcript
PNM Resources, Inc. (NYSE:PNM ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Lisa Goodman - IR Pat Vincent-Collawn - Chairman & CEO Don Tarry - President & COO Lisa Eden - SVP, CFO & Treasurer Conference Call Participants Julien Dumoulin Smith - Jefferies Nicholas Campanella - Barclays Michael Lonegan - Evercore ISI Jonathan Reeder - Wells Fargo Ryan Levine - Citi Operator Good day, and welcome to the PNM Resources' Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
PNM Resources Reports Second Quarter 2024 Results
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
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 Files 2025 Rate Request
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
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
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").
PNM Resources Announces Pricing of $500 Million of 5.75% Junior Subordinated Convertible Notes due 2054
ALBUQUERQUE, N.M. , June 4, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) today announced the pricing of $500,000,000 in aggregate principal amount of its 5.75% junior subordinated convertible notes due 2054 (the "convertible notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
Public Service Company of New Mexico Declares Preferred Dividend
ALBUQUERQUE, N.M., June 4, 2024 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources (NYSE: PNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock.
PNM Resources Management to Meet with Investors
2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., June 4, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week at the RBC Capital Markets Global Energy, Power and Infrastructure Conference in New York City.
PNM Resources Announces Offering of Junior Subordinated Convertible Notes due 2054
ALBUQUERQUE, N.M. , June 3, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) today announced that it intends to offer, subject to market and other conditions, $500,000,000 in aggregate principal amount of its junior subordinated convertible notes due 2054 (the "convertible notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
NMPRC Approves New PNM Energy Resources for 2026
ALBUQUERQUE, N.M., May 31, 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 PNM Resources (NYSE: PNM), for new energy resources to be added by summer 2026.
PNM Resources Reports First Quarter 2024 Results
2024 Ongoing Earnings Guidance Affirmed 2024 first quarter GAAP earnings of $0.52 per diluted share 2024 first quarter ongoing earnings of $0.41 per diluted share Affirmed ongoing earnings guidance range of $2.65 - $2.75 ALBUQUERQUE, N.M. , April 30, 2024 /PRNewswire/ -- PNM Resources (In millions, except EPS) Q1 2024 Q1 2023 GAAP net earnings attributable to PNM Resources $47.2 $55.0 GAAP diluted EPS $0.52 $0.64 Ongoing net earnings $37.0 $47.6 Ongoing diluted EPS $0.41 $0.55 PNM Resources (NYSE: PNM) today released its 2024 first quarter results.
Similar Companies
Centrais Elétricas Brasileiras S.A. - Eletrobrás
EBR
Price: $7.32
Market Cap: $16.94B
Related Metrics
Explore detailed financial metrics and analysis for PNM.