Market Capitalization (Millions $) |
3,182 |
Shares
Outstanding (Millions) |
86 |
Employees |
2,772 |
Revenues (TTM) (Millions $) |
- |
Net Income (TTM) (Millions $) |
136 |
Cash Flow (TTM) (Millions $) |
4 |
Capital Exp. (TTM) (Millions $) |
808 |
Pnm Resources Inc
PNM Resources Inc. is an American energy holding company with its headquarters located in Albuquerque, New Mexico. PNM Resources operates through two major subsidiaries, the Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The company serves New Mexico, Texas and parts of Arizona through its regulated utilities.
PNM is the largest utility in New Mexico and provides electricity to over 2 million customers through its generation, transmission, and distribution of electricity. PNM also provides gas service in parts of Southern New Mexico. The company operates eight power plants with a total capacity of 2,040 megawatts, including coal, natural gas, and solar facilities. PNM's renewable energy portfolio includes wind farms and solar installations, making up over 20% of the total energy mix.
The TNMP subsidiary operates in Texas and provides electricity to more than 250,000 customers. TNMP operates on a regulated retail model, and PNM Resources owns 50% of the company.
PNM Resources is committed to operating in an environmentally responsible manner and has set a goal of being a leader in clean energy. The company has invested in numerous renewable energy projects and currently offers several programs to encourage the adoption of energy-efficient technologies.
PNM Resources has a strong history of community involvement and philanthropy. The company invests in education, health, and social service programs to improve the quality of life in the communities it serves. The company also offers energy assistance programs to help customers in need pay their energy bills.
In 2020, PNM Resources announced its intention to be acquired by Spanish energy company, Iberdrola. The acquisition is currently pending regulatory approval.
Company Address: 414 Silver Ave. SW Albuquerque 87102 NM
Company Phone Number: 241-2700 Stock Exchange / Ticker: NYSE PNM
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Next quarterly dividend pay out on April 15, 2024. |
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