PNM Stock Recent News

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

PNM Resources (PNM) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.55 per share a year ago.

PNM Resources' (PNM) first-quarter results are expected to benefit from increased load growth and higher transmission margins. However, still high interest rates might have negatively impacted earnings.

PNM Resources has medium term EPS growth potential given its expected growth in its regulated rate base. Given PNM Resources has fairly high leverage, the company doesn't have as much financial flexibility while maintaining investment grade credit rating if it needs to spend more. I rate PNM Resources a 'Buy' and I would own it in a diversified portfolio.

ALBUQUERQUE, N.M., April 4, 2024 /PRNewswire/ -- PNM Resources will announce first quarter 2024 financial results prior to the market opening on Tuesday, April 30, 2024.

PNM Resources, Inc. (PNM) Q4 2023 Earnings Call Transcript

PNM Resources' (PNM) fourth-quarter 2023 earnings increase year over year. However, revenues for 2023 decrease from the year-ago level.

PNM Resources (PNM) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.15 per share a year ago.

PNM Resources' (PNM) Q4 earnings are expected to have been adversely impacted by lower transmission margins, higher interest expenses and lower fixed income.

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