PNM Resources
PNM

About: PNM Resources Inc, or PNMR, is a holding company that owns regulated utility companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce energy. TNMP owns and operates transmission and distribution services in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers.

Employees: 1,635

Utilities Electric Services

Ticker changed

PNM changed its ticker symbol to TXNM

See TXNM stock details

Financial journalist opinion

TXNM Energy (NYSE: TXNM) Completes Name Change from PNM Resources

ALBUQUERQUE, N.M., Aug. 5, 2024 /PRNewswire/ -- TXNM Energy, Inc. (NYSE: TXNM) has completed its holding company name change, effective as of 5:00pm ET on August 2, 2024.

TXNM Energy (NYSE: TXNM) Completes Name Change from PNM Resources

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, Inc. (PNM) Q2 2024 Earnings Call Transcript

Zacks Investment Research

PNM Resources (PNM) Q2 Earnings Top Estimates, Sales Rise Y/Y

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

PNM Resources (PNM) Q2 Earnings Top Estimates, Sales Rise Y/Y

Zacks Investment Research

PNM Resources (PNM) Beats Q2 Earnings Estimates

PNM Resources (PNM) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.55 per share a year ago.

PNM Resources (PNM) Beats Q2 Earnings Estimates

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 Reports Second Quarter 2024 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 Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5

PNM Resources Board Declares Quarterly Common Stock Dividend

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 Board Declares Quarterly Common Stock Dividend

PNM Resources to Announce 2024 Second Quarter Earnings on July 31

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 to Announce 2024 Second Quarter Earnings on July 31

Zacks Investment Research

PNM Resources (PNM) Rides on Clean & Affordable Power Supply

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

PNM Resources (PNM) Rides on Clean & Affordable Power Supply

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.

PNM Files 2025 Rate Request

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