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.
The New Mexico Public Regulation Commission's Hearing Examiner recommended approval for PNM Resources' application to abandon its minority stake in the Four Corners Power Plant. This would allow PNM to exit coal-fired power operations by 2024, recover undepreciated amounts through securitization, and replace coal with cleaner energy sources. The transition could yield up to $300 million in customer savings and a reduction in emissions by 20-25%. A final decision by the NMPRC is expected by December 15, 2021.
PNM Resources reported its Q3 2021 earnings, showing GAAP earnings of $1.32 per diluted share, down from $1.52 in Q3 2020. Ongoing earnings rose to $1.37 per diluted share, compared to $1.40 last year. The merger with AVANGRID remains on track for 2021 closing pending regulatory approval. Total earnings for Q3 2021 were $113.3 million, a decrease from $121.8 million in Q3 2020. While increased transmission demand supported revenue, higher operational spending and taxes impacted net earnings.
On September 21, 2021, PNM Resources' Board of Directors declared a quarterly dividend of $0.3275 per share on its common stock. This dividend will be payable on November 12, 2021 to shareholders who are on record after November 1, 2021. PNM Resources, based in Albuquerque, NM, reported consolidated operating revenues of $1.5 billion in 2020 and serves approximately 800,000 homes and businesses in NM and TX with a goal of achieving 100% emissions-free energy by 2040.
On September 8, 2021, PNM Resources (NYSE: PNM) announced a quarterly dividend of $1.145 per share for its 4.58% series of cumulative preferred stock. This dividend is payable on October 15, 2021, to shareholders on record as of the close of business on October 1, 2021. PNM Resources provides electricity to about 800,000 customers across New Mexico and Texas, generating 2.8 gigawatts of capacity. The company aims for 100% emissions-free energy by 2040.
AVANGRID (NYSE:AGR) and PNM Resources (NYSE:PNM) reported strong support for their merger, with nearly all 24 intervenors in the NMPRC proceedings either endorsing or not opposing the agreement. The merger promises customer benefits totaling
On July 30, 2021, PNM and AVANGRID filed additional documents in their merger application, providing new commitments to enhance customer benefits and services in New Mexico. Total customer rate benefits rose from $24.6 million to $88 million, including $65 million in rate credits and $15 million for low-income energy efficiency. Economic development contributions increased to $15 million, with plans to add 150 new jobs. The merger has received prior approvals from five federal agencies, with a key evidentiary hearing scheduled for August 11-20, 2021.
PNM Resources reported its second quarter 2021 earnings with a GAAP EPS of $0.62, down from $0.72 in Q2 2020, while ongoing EPS remained stable at $0.55. Despite a slight overall earnings decline, PNM affirmed its ongoing earnings guidance for 2021 between $2.27 and $2.37 per share. The company is progressing toward closing its merger with Avangrid, pending final regulatory approvals. Key drivers included interest savings from debt refinancing and increased transmission margins, though these were offset by additional shares diluting earnings per share.
On July 27, 2021, PNM Resources announced a quarterly dividend of $0.3275 per share, payable on August 13, 2021, to shareholders of record by August 6, 2021. This decision reflects the company's stable financial position, as evidenced by its $1.5 billion in operating revenues for 2020. PNM serves around 800,000 customers across New Mexico and Texas and aims for 100% emissions-free energy by 2040. This dividend distribution signifies the company's ongoing commitment to returning value to shareholders.
Texas-New Mexico Power Company (TNMP), a subsidiary of PNM Resources, filed a settlement to amend its Distribution Cost Recovery Factor. This will enable TNMP to recover approximately $105 million in investments made in 2020. The settlement proposes an increase in annual revenues by $13.5 million, reflecting 98% of the requested amount, pending approval from the Public Utility Commission of Texas by September 1, 2021. PNM Resources will announce its Q2 2021 earnings on July 30, 2021.
PNM Resources, a subsidiary of PNM, has declared a quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. This dividend will be payable on July 15, 2021, to shareholders of record at the close of business on July 1, 2021. PNM Resources reported consolidated operating revenues of $1.5 billion in 2020 and serves approximately 800,000 homes and businesses in New Mexico and Texas, with a goal of achieving 100% emissions-free energy by 2040.
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