PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5
PNM Resources (NYSE: PNM) is set to change its holding company name to TXNM Energy, Inc. (NYSE: TXNM), effective August 2, 2024, at 5:00 pm ET. Trading under the new name and ticker symbol TXNM will begin on August 5, 2024. This change, approved by shareholders and the Board of Directors, reflects the company's evolving business profile.
The rebranding acknowledges the growth of TNMP, the company's Texas subsidiary, which now represents 40% of the rate base. There are no structural or organizational changes associated with the name change, and shareholders don't need to take any action. The company's website will transition to www.txnmenergy.com on August 5, 2024.
PNM Resources, based in Albuquerque, N.M., reported $1.9 billion in consolidated operating revenues for 2023. It serves over 800,000 customers in New Mexico and Texas through its regulated utilities, PNM and TNMP.
PNM Resources (NYSE: PNM) cambierà il nome della sua holding in TXNM Energy, Inc. (NYSE: TXNM), a partire dal 2 agosto 2024, alle 17:00 ET. Il trading con il nuovo nome e simbolo di borsa TXNM inizierà il 5 agosto 2024. Questa modifica, approvata dagli azionisti e dal Consiglio di Amministrazione, riflette l'evoluzione del profilo aziendale della compagnia.
Il rebranding riconosce la crescita di TNMP, la controllata texana dell'azienda, che ora rappresenta il 40% della base tariffaria. Non ci sono cambiamenti strutturali o organizzativi associati al cambio di nome e gli azionisti non devono intraprendere alcuna azione. Il sito web dell'azienda passerà a www.txnmenergy.com il 5 agosto 2024.
PNM Resources, con sede ad Albuquerque, N.M., ha riportato 1,9 miliardi di dollari di ricavi operativi consolidati per il 2023. Serve oltre 800.000 clienti nel New Mexico e in Texas attraverso le sue utility regolamentate, PNM e TNMP.
PNM Resources (NYSE: PNM) cambiará el nombre de su empresa matriz a TXNM Energy, Inc. (NYSE: TXNM), a partir del 2 de agosto de 2024, a las 5:00 p.m. ET. La negociación bajo el nuevo nombre y símbolo de cotización TXNM comenzará el 5 de agosto de 2024. Este cambio, aprobado por los accionistas y la Junta Directiva, refleja la evolución del perfil comercial de la empresa.
El cambio de marca reconoce el crecimiento de TNMP, la subsidiaria de Texas de la empresa, que ahora representa el 40% de la base tarifaria. No hay cambios estructurales u organizativos asociados con el cambio de nombre, y los accionistas no necesitan tomar ninguna acción. El sitio web de la empresa cambiará a www.txnmenergy.com el 5 de agosto de 2024.
PNM Resources, con sede en Albuquerque, N.M., reportó 1.9 mil millones de dólares en ingresos operativos consolidados para 2023. Atiende a más de 800,000 clientes en Nuevo México y Texas a través de sus servicios públicos regulados, PNM y TNMP.
PNM 리소스(NYSE: PNM)는 2024년 8월 2일 오후 5시(ET)부터 지주 회사의 이름을 TXNM 에너지, 주식(NYSE: TXNM)으로 변경합니다. 새로운 이름과 티커 심볼 TXNM으로의 거래는 2024년 8월 5일에 시작됩니다. 이 변경은 주주와 이사회의 승인을 받아 회사의 변화하는 비즈니스 프로필을 반영합니다.
브랜딩 변경은 이제 요금 기준의 40%를 차지하는 회사의 텍사스 자회사인 TNMP의 성장을 인정합니다. 이름 변경과 관련된 구조적 또는 조직적 변화는 없으며, 주주는 아무 조치도 취할 필요가 없습니다. 회사의 웹사이트는 2024년 8월 5일에 www.txnmenergy.com으로 전환됩니다.
PNM 리소스는 뉴멕시코주 앨버커키에 본사를 두고 있으며, 2023년에는 19억 달러의 연결 운영 수익을 보고했습니다. PNM과 TNMP를 통해 뉴멕시코와 텍사스에서 80만 명 이상의 고객에게 서비스를 제공합니다.
PNM Resources (NYSE: PNM) changera le nom de sa société holding en TXNM Energy, Inc. (NYSE: TXNM), à compter du 2 août 2024 à 17h00 ET. Les transactions sous le nouveau nom et le symbole boursier TXNM commenceront le 5 août 2024. Ce changement, approuvé par les actionnaires et le conseil d'administration, reflète l'évolution du profil commercial de l'entreprise.
Ce changement de nom reconnaît la croissance de TNMP, la filiale texane de l'entreprise, qui représente désormais 40 % de la base tarifaire. Il n'y a aucun changement structurel ou organisationnel associé à ce changement de nom, et les actionnaires n'ont pas besoin d'entreprendre d'action. Le site Web de l'entreprise passera à www.txnmenergy.com le 5 août 2024.
PNM Resources, basé à Albuquerque, N.M., a déclaré 1,9 milliard de dollars de revenus d'exploitation consolidés pour 2023. Il sert plus de 800 000 clients au Nouveau-Mexique et au Texas grâce à ses services publics réglementés, PNM et TNMP.
PNM Resources (NYSE: PNM) wird seinen Holdinggesellschaftsnamen ab dem 2. August 2024 um 17:00 Uhr ET in TXNM Energy, Inc. (NYSE: TXNM) ändern. Der Handel unter dem neuen Namen und dem Tickersymbol TXNM beginnt am 5. August 2024. Diese Änderung, die von den Aktionären und dem Vorstand genehmigt wurde, spiegelt das sich entwickelnde Geschäftsprofil des Unternehmens wider.
Das Rebranding erkennt das Wachstum von TNMP an, der texanischen Tochtergesellschaft des Unternehmens, die nun 40 % der Tariferträge ausmacht. Es gibt keine strukturellen oder organisatorischen Änderungen im Zusammenhang mit der Namensänderung, und die Aktionäre müssen keine Maßnahmen ergreifen. Die Website des Unternehmens wird am 5. August 2024 auf www.txnmenergy.com umgestellt.
PNM Resources mit Sitz in Albuquerque, N.M., berichtete 2023 von 1,9 Milliarden Dollar an konsolidierten Betriebseinnahmen. Das Unternehmen bedient über 800.000 Kunden in New Mexico und Texas über seine regulierten Versorgungsunternehmen PNM und TNMP.
- Rebranding reflects growth and diversification of business operations
- No structural or organizational changes required, simplifying the transition
- Consolidated operating revenues of $1.9 billion in 2023
- Serves over 800,000 customers across New Mexico and Texas
- None.
The change was overwhelmingly approved by shareholders at its annual meeting on June 4, 2024, and by the PNM Resources Board of Directors. There are no changes to the names of PNM or TNMP, wholly owned subsidiaries of PNM Resources.
"The change in our holding company name reflects the changes in our business profile that have occurred since the formation of PNM Resources," said Pat Vincent-Collawn, Chairman and CEO. "The PNM Resources holding company name was established in 2001, when PNM in
TXNM Energy will continue to be listed on the New York Stock Exchange under the ticker "TXNM", effective with the start of trading on Monday, August 5, 2024. There are no significant structural or organization impacts to the company associated with the name change, and shareholders do not need to take any action. All outstanding PNM Resources shares will automatically become TXNM Energy shares. There is no change to the CUSIP number for the company (69349H107).
The website www.pnmresources.com will be redirected to www.txnmenergy.com on August 5, 2024.
Background:
PNM Resources (NYSE: PNM) is an energy holding company based in
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SOURCE PNM Resources, Inc.
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