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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 (NYSE: PNM) to Install 12 Megawatts of Utility-Owned Battery Storage for Grid Modernization and Expansion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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Rhea-AI Summary
PNM Resources (NYSE: PNM) to Sell 50% Ownership Interest in Renewable Joint Venture NMRD to Exus North America Holdings, LLC for Approximately $230 Million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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Rhea-AI Summary
PNM Resources (NYSE: PNM) received a recommended decision from the New Mexico Public Regulation Commission for a 2024 change in customer base rates and 12 megawatts of distribution battery storage, equating to a revenue increase of $6.1 million. The decision disallowed recovery for traditional legacy power sources, including $64 million of rate base investments in the Four Corners coal plant, no return on a $39 million regulatory asset associated with Palo Verde leasehold improvements, and maintaining current useful lives of existing gas plants beyond 2040. However, approval was recommended for PNM's proposal to add 12 megawatts of distribution-level battery storage, reflecting $33 million of capital expenditures and expected to be operational in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
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none
Rhea-AI Summary
PNM Resources (NYSE: PNM) has announced a 5.4% increase in its annual dividend payment to an indicated annual rate of $1.55 per share of common stock. The company's subsidiary, Public Service Company of New Mexico, declared a regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. PNM Resources is an energy holding company with 2022 consolidated operating revenues of $2.2 billion, providing electricity to more than 800,000 homes and businesses in New Mexico and Texas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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dividends
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Rhea-AI Summary
PNM Resources (NYSE: PNM) to Affirm 2023 Earnings Guidance at Edison Electric Institute Financial Conference. The company is expected to affirm its 2023 consolidated earnings guidance of $2.75 to $2.80 per diluted share during meetings with analysts and investors. Presentation materials are available on the company's website.
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Rhea-AI Summary
PNM Resources adjusts its 2023 ongoing earnings guidance range to $2.75 - $2.80 per diluted share due to significant weather impacts in Q3. The company reported Q3 GAAP earnings of $0.44 per diluted share and ongoing earnings of $1.54 per diluted share. PNM Resources and Avangrid's merger agreement remains pending with the New Mexico Supreme Court.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
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earnings
Rhea-AI Summary
PNM Resources to announce 2023 third quarter earnings on October 27
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End-of-Day
0.07%
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earnings
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Rhea-AI Summary
The New Mexico Public Regulation Commission approved the unanimous settlement agreement reached by PNM Resources and parties in the case resolving all remaining steps involved in the retirement of the San Juan coal plant under New Mexico's Energy Transition Act. Under the agreement, $115 million in rate credits will be provided to customers over a one-year period. Customers will also be protected from rising interest rates if the weighted-average rate on the securitization bonds exceeds 5.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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Rhea-AI Summary
PNM Resources (NYSE: PNM) declares regular quarterly dividend of $0.3675 per share on common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
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dividends
Rhea-AI Summary
Public Service Company of New Mexico declares regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
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dividends
PNM Resources Inc

NYSE:PNM

PNM Rankings

PNM Stock Data

3.38B
89.07M
1.19%
93.05%
2.99%
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.