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Pnm Resources Inc   (PNM)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $36.9500 $0.25 0.681%
Day's High: $37.16 Week Perf: -1.2 %
Day's Low: $ 36.13 30 Day Perf: -1.73 %
Volume (M): 1,368 52 Wk High: $ 49.14
Volume (M$): $ 50,551 52 Wk Avg: $43.38
Open: $36.54 52 Wk Low: $34.63



 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
    Next quarterly dividend pay out on April 15, 2024.


   

Stock Performances by Major Competitors

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Dividend

PNM Resources Delivers Dividend Stability for Preferred Stockholders

Published Mon, Mar 11 2024 8:15 PM UTC

Public Service Company of New Mexico Declares Quarterly Dividend for Preferred Stockholders
The Board of Directors of Public Service Company of New Mexico, a subsidiary of PNM Resources, has announced the declaration of the regular quarterly dividend for its 4.58 percent series of cumulative preferred stock. The dividend amount has been set at $1.145 per share, providing...

Pnm Resources Inc

PNM Resources Inc. Faces Alarming EPS Decline, Pointing to Troubling Financial Performance in the Upcoming Fiscal Interval Ending September 30, 2023



PNM Resources Inc's latest fiscal earnings report presents a mixed bag of results that have left investors and analysts concerned. The company's earnings per share (EPS) plunged by a staggering 69.01% at $0.44 per share, compared to $1.42 per share in the previous fiscal year. Profits also declined by 16.98%, standing at $0.53 per share, lower than the prior reporting period.
Revenue remained stagnant at $0.00 million for the fiscal interval closing September 30, 2023. This echoes the previous year's figures, showing no signs of growth. However, net earnings experienced a substantial decline, dropping by 70.23% from $126.737 million to $37.726 million in the corresponding period.

Pnm Resources Inc

PNM Resources Inc Reports Spectacular 165% Surge in Profits for Q2 2023


Introduction
PNM Resources Inc, a key player in the energy sector, recently released its financial second-quarter report for 2023. The results are noteworthy, with significant advancements in earnings per share (EPS), increased net profits, and strong demand signals. Additionally, the company's inventory level and accounts receivable have shown substantial growth, further indicating positive trends within the market. This article explores these interesting facts and their implications for investors in PNM Resources Inc.
Impressive Earnings per Share Growth
PNM Resources Inc experienced a staggering 165% increase in earnings per share during the financial second quarter of 2023. The EPS rose from $0.20 per share in the same period the previous year to $0.53 per share. This growth is highly encouraging for investors, as it demonstrates the company's ability to generate higher profits and improve shareholder value.

Pnm Resources Inc

PNM Resources Inc's First Quarter 2023 Earnings Report Reveals Troubling Financial Decline

Pnm Resources Inc, a utility holding company based in Albuquerque, New Mexico, recently published their first-quarter earnings report for 2023. The report does not paint a positive picture of the company's current financial situation, with earnings per share and profits both experiencing a drastic decline.
Compared to the same period a year ago, earnings per share fell by a startling 57.89%, from $1.52 per share to just $0.64 per share. Profit also plummeted by 51.52%, from $1.32 per share in the prior financial reporting period to just $0.64 per share in the first quarter of 2023 earnings season.






 




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