Welcome to our dedicated page for PNM Resources news (Ticker: PNM), a resource for investors and traders seeking the latest updates and insights on PNM Resources stock.
PNM Resources, Inc. (PNM) is a leading energy holding company providing electricity services through regulated utilities in New Mexico and Texas. This page aggregates official news releases, financial reports, and operational updates directly from the company and trusted sources.
Investors and stakeholders will find timely updates on earnings announcements, regulatory filings, and infrastructure investments, including grid modernization initiatives and renewable energy projects. The curated content supports informed decision-making by tracking PNM's compliance with energy regulations and strategic responses to market conditions.
Key updates include quarterly financial results, rate case decisions, system resiliency plans, and sustainability efforts. All content is verified for accuracy and updated regularly to reflect the company's latest developments.
Bookmark this page for streamlined access to PNM Resources' evolving position in the energy sector. Check back frequently for authoritative updates on operational milestones and regulatory engagements.
PNM Resources (NYSE: PNM) declared a quarterly dividend of $0.3275 per share on March 5, 2021. This dividend is payable on May 14, 2021 to shareholders of record as of April 30, 2021. The company reported consolidated operating revenues of $1.5 billion for 2020 and serves about 800,000 customers in New Mexico and Texas. PNM aims for 100% emissions-free energy by 2040, with a generation capacity of 2.8 gigawatts.
PNM Resources reported 2020 GAAP earnings of $2.15 per diluted share and ongoing earnings of $2.28, surpassing previous expectations. The company affirmed its 2021 guidance range of $2.27 to $2.37 per share. Key factors contributing to performance included higher sales volumes and interest savings from debt refinancing. Additionally, PNM anticipates completion of its merger with Avangrid in the second half of 2021, aimed at benefiting customers and communities.
PNM Resources will announce its 2020 fourth quarter and year-end financial results on February 26, 2021, before market opening at 6:30 a.m. Eastern. The earnings release will provide insights into the company's performance amid its ongoing merger with AVANGRID.
In 2020, PNM Resources reported $1.5 billion in consolidated operating revenues and serves approximately 800,000 customers in New Mexico and Texas, aiming for 100% emissions-free energy by 2040.
PNM Resources shareholders approved the merger with AVANGRID at a special meeting, with approximately 93% voting in favor, equating to around 70% of outstanding shares. Shareholders will receive $50.30 in cash for each share of PNM Resources stock at closing. PNM is now pursuing remaining regulatory approvals from various commissions in New Mexico and Texas, with the merger expected to close in the second half of 2021. This merger aims to facilitate a transition to clean energy and deliver benefits to customers and communities.
PNM Resources (NYSE: PNM) announced its 2021 ongoing earnings guidance, projecting a range of $2.27 to $2.37 per diluted share. The company also affirms its 2020 ongoing earnings guidance set between $2.23 and $2.31 per diluted share. With consolidated operating revenues of $1.5 billion in 2019, PNM serves approximately 790,000 customers across New Mexico and Texas, supported by around 2,811 megawatts of generation capacity. A live conference call will discuss these updates.
PNM Resources' Board of Directors has approved a 6.5% increase in the annual dividend, raising it to an indicated rate of $1.31 per share. The dividend will be distributed as $0.3275 quarterly, payable on February 16, 2021. The company's ongoing earnings guidance for 2021 will be revealed on December 17, 2020, along with a related conference call at 11 a.m. Eastern. In 2019, PNM Resources recorded consolidated revenues of $1.5 billion, serving approximately 790,000 customers across New Mexico and Texas.
PNM Resources (NYSE: PNM) management will present virtually at the Edison Electric Institute Financial Conference starting November 9, 2020. They aim to confirm their 2020 consolidated earnings guidance of $2.23 to $2.31 per diluted share. In 2019, the company reported $1.5 billion in consolidated operating revenues and provides electricity to approximately 790,000 homes and businesses in New Mexico and Texas.
PNM Resources has announced an agreement to exit the Four Corners Power Plant by 2024, seven years ahead of schedule. This move involves transferring its 200-megawatt capacity ownership and coal supply rights to the Navajo Transitional Energy Corporation, for a payment of $75 million. The early exit is projected to bring significant cost savings and economic support for the Navajo Nation, aligning with PNM's goal of achieving emissions-free energy by 2040. The company aims to file for abandonment and securitization of unrecovered investments with New Mexico regulators in early 2021.
PNM Resources reported strong Q3 2020 earnings with GAAP net earnings of $121.8 million, up from $102.8 million in Q3 2019. Ongoing earnings also rose, totaling $111.9 million. The company increased its 2020 earnings guidance to $2.23-$2.31 per diluted share, bolstered by higher retail sales due to record temperatures and COVID-19 impacts. PNM is committed to ESG principles and has announced a merger with AVANGRID, aiming for clean energy transition. Increased financial assistance programs during the pandemic reflect PNM's dedication to supporting its customers.
