TXNM Energy to Meet with Investors

Rhea-AI Summary

TXNM Energy announced that its management will meet with analysts and investors at the Edison Electric Institute Financial Conference this week. During these meetings, the company plans to affirm its 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share. The presentation materials for these meetings are available on the company's website.

TXNM Energy, based in Albuquerque, New Mexico, serves over 800,000 homes and businesses in Texas and New Mexico through its regulated utilities, TNMP and PNM.

Positive

• Affirmed 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share.

Negative

• None.

Insights

Financial Analyst

This announcement primarily reaffirms previously issued earnings guidance of $2.70 to $2.75 per diluted share for 2024, with no material changes or new information. While the guidance provides stability in the company's financial outlook, investor meetings and conference attendance are routine events that typically don't impact stock performance significantly.

The reaffirmation suggests TXNM Energy remains on track with its financial targets, maintaining operational stability across its regulated utilities serving Texas and New Mexico. However, without new strategic initiatives, material financial updates, or changes to guidance, this news carries minimal market-moving potential.

2024 ongoing earnings guidance to be affirmed during meetings 

ALBUQUERQUE, N.M., Nov. 11, 2024 /PRNewswire/ -- TXNM Energy, Inc. (NYSE: TXNM) management will meet with analysts and investors this week at the Edison Electric Institute Financial Conference. 

During the meetings, management is expected to affirm the company's 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share. Presentation materials are available on the company's website at http://www.pnmresources.com/investors/events.cfm

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com.

Contacts:
Analysts	Media
Lisa Goodman	Corporate Communications
(505) 241-2160	(505) 241-2743

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release for TXNM Energy, Inc. ("TXNM"), Public Service Company of New Mexico ("PNM"), or Texas-New Mexico Power Company ("TNMP") (collectively, the "Company") that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies, including the unaudited financial results and earnings guidance, are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates and apply only as of the date of this report. TXNM, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM, PNM, and TNMP caution readers not to place undue reliance on these statements. TXNM's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K, Form 10-Q filings and the information included in the Company's Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.

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SOURCE TXNM Energy, Inc.

FAQ

What is TXNM Energy's 2024 earnings guidance?

TXNM Energy's 2024 consolidated earnings guidance is $2.70 to $2.75 per diluted share.

When will TXNM Energy meet with investors?

TXNM Energy will meet with investors this week at the Edison Electric Institute Financial Conference.

Where can I find the presentation materials for TXNM Energy's investor meetings?

The presentation materials are available on TXNM Energy's website at http://www.pnmresources.com/investors/events.cfm.

What are the regulated utilities under TXNM Energy?

TXNM Energy's regulated utilities are TNMP and PNM.