ALBUQUERQUE, N.M., June 14, 2024 /PRNewswire/ -- The Public Utility Commission of Texas (PUCT) approved the application from Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (NYSE: PNM), to recover over $205 million in net distribution infrastructure investments to reliably serve customers' power needs since its last filing. TNMP filed the Distribution Cost Recovery Factor (DCRF) application in April 2024 and received approval for the requested $15.7 million increas ...

ALBUQUERQUE, N.M., June 10, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) today announced the closing of its offering of $500,000,000 aggregate principal amount of 5.75% junior subordinated convertible notes due 2054 (the "convertible notes"). Pursuant to the option granted by PNM Resources to the initial purchasers of the convertible notes to purchase, within a 13-day period, beginning on, and including, the date on which the convertible notes were first issued, the initial purchasers may purchase up to a ...

2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., June 4, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week at the RBC Capital Markets Global Energy, Power and Infrastructure Conference in New York City. During the meetings, management is expected to affirm the company's 2024 consolidated earnings guidance of $2.65 to $2.75 per diluted share. Presentation materials are available on the company's website at http://www.pnmr ...

PNM Resources (PNM) announced that its wholly-owned subsidiary, Public Service Company of New Mexico (“PNM”), received approval for new energy resources from the New Mexico Public Regulation Commission (“NMPRC”). This is expected to be added by the summer of 2026. The PNM subsidiary filed this application in October 2023, following the release of a request for proposals in late 2022 to identify possible additional resources available to service customers in 2026. The approval consists of 100 megawatts (MW) ...

ALBUQUERQUE, N.M., May 31, 2024 /PRNewswire/ -- The New Mexico Public Regulation Commission (NMPRC) approved an application by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM), for new energy resources to be added by summer 2026. The new resources, totaling 410 megawatts of solar and battery storage capacity, are planned to serve growing demand from PNM's retail customers. PNM system peak demand reached new record highs in the summers of 2022 and 2023. "PNM' ...

Investors with an interest in Utility - Electric Power stocks have likely encountered both PNM Resources (PNM) and PSEG (PEG) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings e ...

PNM Resources (PNM) continues to benefit from acquisitions, investment in utility infrastructure and development of cost-effective power generation units that help in providing reliable and affordable power. Given its growth opportunities, PNM makes for a solid investment option in the utility sector. Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a promising investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for PNM’s 2024 earnings per s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Name of Registrant, State of Incorporation, Address Of Principal Executive Offices, Telephone Number, Commission File No ...

PNM Resources, Inc. (NYSE:PNM) Q1 2024 Results Conference Call April 30, 2024 11:00 AM ET Company Participants Pat Vincent-Collawn - Chairman, CEO Lisa Eden - SVP, CFO & Treasurer Don Tarry - President, COO Conference Call Participants Ryan Levine - Citi Operator Good day, and welcome to the PNM Resources Quarter One 2024 Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note, this event is being -- [Technical Difficulty]. Thank you, Megan, and thank you everyone ...

Exhibit 99.1 ALBUQUERQUE, N.M. April 30, 2024 PNM Resources Reports First Quarter 2024 Results 2024 Ongoing Earnings Guidance Affirmed • 2024 first quarter GAAP earnings of $0.52 per diluted share • 2024 first quarter ongoing earnings of $0.41 per diluted share • Affirmed ongoing earnings guidance range of $2.65 - $2.75 PNM Resources (In millions, except EPS) Q1 2024 Q1 2023 GAAP net earnings attributable to PNM Resources $47.2 $55.0 GAAP diluted EPS $0.52 $0.64 Ongoing net earnings $37.0 $47.6 Ongoing dilu ...