PNM Resources, Inc.

PNM

US69349H1077

Electric Utilities

Market Closed - Nyse Other stock markets 21:00:02 21/06/2024 BST			5-day change	1st Jan Change
36.26 ^USD	-0.38%		-3.46%	-12.84%

06-14	Sector Update: Energy Stocks Fall in Friday Afternoon Trading	MT
06-14	PNM Resources Unit Obtains Approval to Recover $205 Million Infrastructure Investments	MT

PNM Resources, Inc. Affirms Consolidated Earnings Guidance for the Year 2024

June 04, 2024 at 11:30 am

PNM Resources, Inc. affirmed consolidated earnings guidance for the year 2024. For the year, the company affirmed consolidated earnings guidance of $2.65 to $2.75 per diluted share.

Latest news about PNM Resources, Inc.

Sector Update: Energy Stocks Fall in Friday Afternoon Trading	06-14	MT
PNM Resources Unit Obtains Approval to Recover $205 Million Infrastructure Investments	06-14	MT
PNM Resources Closes $500 Million Offering of 2054 Convertible Notes	06-10	MT
PNM Resources Prices $500 Million Notes Offering	06-05	MT
PNM Resources, Inc. Affirms Consolidated Earnings Guidance for the Year 2024	06-04	CI
PNM Resources Plans $500 Million Private Debt Offering	06-03	MT
Sector Update: Energy Stocks Gain Late Friday Afternoon	05-31	MT
Sector Update: Energy Stocks Rise Friday Afternoon	05-31	MT
Sector Update: Energy	05-31	MT
PNM Resources Receives New Mexico Regulatory OK for 410 Megawatt Solar, Battery Expansion	05-31	MT
Iberdrola to buy the rest of U.S. utility Avangrid for $2.6 billion	05-17	RE
Transcript : PNM Resources, Inc., Q1 2024 Earnings Call, Apr 30, 2024	04-30
Earnings Flash (PNM) PNM RESOURCES Reports Q1 EPS $0.41, vs. Street Est of $0.40	04-30	MT
PNM Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-30	CI
Barclays Adjusts Price Target on PNM Resources to $43 From $40, Keeps Overweight Rating	04-15	MT
PNM Resources, Inc. Enters into a Twelfth Amendment to and Restatement of Credit Agreement Amending and Restating its $300.0 Million Revolving Credit Agreement	04-01	CI
PNM Resources, Inc. Announces Retirement of Patrick Apodaca as Senior Vice President and General Counsel	03-27	CI
Iberdrola Focuses Investments on Networks, Expects Raised Shareholder Payouts -- Update	03-21	DJ
Spain's Iberdrola set to build on grid power as renewables appeal wanes	03-21	RE
Iberdrola Makes $2.5 Billion Bid to Take Full Ownership of Avangrid -- Update	03-07	DJ
PNM Resources to Affirm 2024 Earnings Outlook	03-04	MT
PNM Resources Keeps Quarterly Dividend at $0.3875 per Share, Payable May 10 to Investors of Record April 26	03-01	MT
PNM Resources, Inc. Declares Regular Quarterly Dividend, Payable May 10, 2024	03-01	CI
Sector Update: Energy Stocks Slump in Late Tuesday Afternoon Trading	02-13	MT
Sector Update: Energy Stocks Decline in Tuesday Afternoon Trading	02-13	MT

PNM Resources, Inc. is a holding company, which provides electric service to consumers in Texas-New Mexico Power Companyâs (TNMP). service territories. The Company with its two regulated utilities serving approximately 824,000 residential, commercial, and industrial customers and end users of electricity in New Mexico and Texas. The Companyâs electric utilities are Public Service Company of New Mexico (PNM), and TNMP. PNM is an electric utility, which provides electric generation, transmission, and distribution service to its rate-regulated customers. PNMâs retail electric service territory covers an area of north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico. Other services provided by PNM include wholesale transmission services to third parties. Other services provided by PNM include wholesale transmission services to third parties. TNMP provides transmission and distribution services in Texas.

Sector

Electric Utilities

Calendar

01/08/2024 - Q2 2024 Earnings Release (Projected)

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Income Statement Evolution

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Ratings for PNM Resources, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

36.26 USD

Average target price

42.88 USD

Spread / Average Target

+18.24%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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