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 and AVANGRID announced a merger agreement whereby AVANGRID will acquire PNM Resources for $50.30 per share, signaling a total equity value of approximately $4.3 billion. This transaction, expected to close between October and December 2021, aims to establish a robust regulated utility and renewable energy platform, serving over 4 million customers and encompassing a $14 billion rate base. The merger is seen as strategically beneficial for both companies, enhancing operational synergies and supporting a transition to clean energy.
Public Service Company of New Mexico (PNM) has celebrated the groundbreaking of a 50-megawatt solar facility on Jicarilla Apache Nation land, marking it as the first utility-scale solar project on tribal land and the third largest in the U.S. This initiative is part of PNM's Solar Direct program, enabling local governments and large customers to achieve clean energy goals without upfront costs. PNM aims for 100% emissions-free energy by 2040, currently serving with 658 megawatts of renewable capacity, aiming to grow to 2,015 megawatts by 2022.
Public Service Company of New Mexico (PNM) is launching COVID Customer Relief Programs to aid income-qualified residential and small business customers affected by the pandemic, funded by a $2.0 million contribution. PNM has raised its 2020 ongoing earnings guidance to a range of $2.23 - $2.31, with a midpoint of $2.27, reflecting higher residential loads and debt refinancing savings. The third quarter earnings call on October 30, 2020 will provide further details, including investment plans and earnings updates.
PNM Resources has declared a quarterly dividend of $0.3075 per share on its common stock during its Board of Directors meeting on September 22, 2020. The dividend is scheduled for payment on November 13, 2020, to shareholders on record as of November 2, 2020. This dividend declaration reflects the company's stability and commitment to returning value to its investors.
In 2019, PNM Resources reported consolidated operating revenues of $1.5 billion and serves approximately 790,000 customers across New Mexico and Texas.
PNM has partnered with Sandia National Laboratories to advance projects focused on energy resiliency, clean energy, and national security. This collaboration supports PNM's commitment to achieving emissions-free energy and enhancing the reliability of New Mexico's power grid. The partnership will leverage combined expertise to explore energy storage technologies and develop efficient carbon-free generation systems. PNM's partnership builds on previous successes, including the first fully integrated solar-plus-storage facility in the U.S., furthering innovation in energy solutions.
PNM Resources, a New Mexico-based energy company, announced a quarterly dividend of $1.145 per share on its 4.58% cumulative preferred stock. This dividend is set to be paid on October 15, 2020, to shareholders recorded at the close of business on October 1, 2020. PNM Resources reported consolidated operating revenues of $1.5 billion in 2019 and currently serves approximately 790,000 customers in New Mexico and Texas. The company operates with an electricity generation capacity of about 2,811 megawatts.
On Sept. 9, 2020, PNM Resources (NYSE: PNM) management held a virtual meeting with analysts and investors, reaffirming their consolidated earnings guidance for 2020 at $2.16 to $2.26 per diluted share. The company reported 2019 operating revenues of $1.5 billion, providing electricity to approximately 790,000 homes and businesses across New Mexico and Texas. Investors can access presentation materials on the company's website.
PNM Resources (NYSE: PNM) will engage with investors today during the BofA Securities Best of SMID Cap Ideas for 2020 Conference. Management aims to reaffirm the consolidated earnings guidance for 2020, estimated between $2.16 and $2.26 per diluted share. In 2019, PNM reported consolidated operating revenues of $1.5 billion and serves approximately 790,000 customers in New Mexico and Texas through its regulated utilities, PNM and TNMP. Presentation materials are available on their website.
