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PNM Resources Inc - PNM STOCK NEWS

Welcome to our dedicated news page for PNM Resources (Ticker: PNM), a resource for investors and traders seeking the latest updates and insights on PNM Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PNM Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PNM Resources's position in the market.

Rhea-AI Summary
PNM Resources management to affirm 2024 earnings guidance at conference in Las Vegas. The company aims for 100% emissions-free generation by 2040.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
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none
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Rhea-AI Summary
PNM Resources, Inc. subsidiary, Public Service Company of New Mexico, declares a regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The dividend is payable on April 15, 2024, to shareholders of record as of March 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
dividends
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Rhea-AI Summary
PNM Resources (NYSE: PNM) management affirms 2024 earnings guidance at Bank of America conference. The company aims for emissions-free generation by 2040.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
Tags
earnings
Rhea-AI Summary
PNM Resources (NYSE: PNM) declares a regular quarterly dividend of $0.3875 per share on its common stock. The dividend is payable on May 10, 2024, to shareholders of record on April 26, 2024. PNM Resources is an energy holding company with 2023 operating revenues of $1.9 billion, serving over 800,000 homes and businesses in New Mexico and Texas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
Tags
dividends
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Rhea-AI Summary
PNM Resources completes the sale of its 50% ownership in New Mexico Renewable Development to Exus North America Holdings for $234 million. The portfolio consists of operating solar developments and projects under development. The sale supports funding of regulated capital investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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none
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Rhea-AI Summary
PNM Resources to affirm 2024 earnings guidance during analyst meetings. Company aims for 100% emissions-free generation by 2040.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
PNM Resources management will affirm the company's 2024 earnings guidance of $2.65 to $2.75 per diluted share during meetings with analysts and investors. The company aims to achieve 100% emissions-free generation by 2040.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.02%
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none
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Rhea-AI Summary
PNM Resources released its 2023 earnings results, reporting GAAP earnings of $1.02 per diluted share and ongoing earnings of $2.82 per diluted share. The company also provided its 2024 ongoing earnings guidance range of $2.65 - $2.75 per diluted share. The PR highlights the financial performance of PNM Resources, including net earnings, diluted EPS, and segment reporting. The company's management expressed optimism regarding its 2024 outlook and long-term earnings growth target. PNM Resources' chairman and CEO emphasized the company's ability to navigate the environment and deliver attractive returns on investments by increasing geographic and regulatory diversification of its rate base. The PR also discusses the segment reporting of 2023 earnings and net changes to GAAP and ongoing earnings compared to 2022. It further provides information about the conference call scheduled for February 6th and encourages participation in the live call and webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.2%
Tags
earnings
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News
Rhea-AI Summary
PNM Resources (PNM) experienced a 9.26% return on equity and a 50% equity capitalization structure, resulting in a $15.3 million estimated increase in base rates. This is lower than the $63.8 million increase requested by PNM. The company's CEO expressed disappointment and mentioned the need for grid upgrades to maintain reliability during the transition to clean energy. The final order also included disallowance of net rate base investments in the Four Corners coal plant, no return on rate base associated with the Palo Verde leasehold improvements regulatory asset, and postponement of recovery of rate base investments. PNM plans to evaluate the final order and consider potential appeals, as well as filing its next rate case in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
Rhea-AI Summary
PNM Resources (NYSE: PNM) terminates its merger agreement with Avangrid, citing disappointment over the decision. The company plans to focus on infrastructure investments to meet future energy needs and target long-term earnings growth of 5%. Investors can join the financial update conference call on February 6, 2024, for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.99%
Tags
acquisition
PNM Resources Inc

NYSE:PNM

PNM Rankings

PNM Stock Data

3.40B
89.07M
1.19%
93.04%
2.23%
Nuclear Electric Power Generation
Utilities
Link
US
Albuquerque

About PNM

based in albuquerque, n.m., pnm resources is an energy holding company. through its utilities - pnm and tnmp - pnm resources serves electricity to more than 720,000 homes and businesses in new mexico and texas. our generation capacity of more than 2,530 megawatts reflects a balanced mix of coal, natural gas, nuclear and wind generation.