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.
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PNM Resources reported first quarter 2024 results with GAAP earnings of $0.52 per diluted share and ongoing earnings of $0.41 per diluted share. The company affirmed its ongoing earnings guidance of $2.65 to $2.75 per diluted share for 2024. The quarterly results exceeded expectations, driven by progress on strategic goals. Segment reporting showed positive performance in PNM and TNMP. Factors affecting earnings included new retail rates, higher market prices, and new capital investments. GAAP earnings in Q1 2024 included gains from the sale of New Mexico Renewable Development.
