2024 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., June 4, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week at the RBC Capital Markets Global Energy, Power and Infrastructure Conference in New York City. During the meetings, management is expected to affirm the company's 2024 consolidated earnings guidance of $2.65 to $2.75 per diluted share. Presentation materials are available on the company's website at http://www.pnmr ...

ALBUQUERQUE, N.M., June 3, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) today announced that it intends to offer, subject to market and other conditions, $500,000,000 in aggregate principal amount of its junior subordinated convertible notes due 2054 (the "convertible notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, PNM Resources expects to grant the initial purchasers of the convertible ...

PNM Resources (PNM) announced that its wholly-owned subsidiary, Public Service Company of New Mexico ("PNM"), received approval for new energy resources from the New Mexico Public Regulation Commission ("NMPRC"). This is expected to be added by the summer of 2026. Along with PNM Resources, some other electric power industry companies like Xcel Energy Inc. (XEL) , NextEra Energy, Inc. (NEE) and Avangrid (AGR) are also adopting measures to meet clean-energy targets. The company's system demand reached new rec ...

Background: PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2023 consolidated operating revenues of $1.9 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to more than 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.3 gigawatts of installed capacity, with a goal to achieve 100% emissions-free energy by 2040. For more informa ...

It has been about a month since the last earnings report for PNM Resources (PNM) . Shares have lost about 2.1% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is PNM Resources due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. PNM Resources Q1 Earnings & Revenues Mis ...

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. PNM currently has a forward P/E ratio of 14.23, while PEG has a forward P/E of 20.35. We also note that PNM h ...

PNM Resources (PNM) continues to benefit from acquisitions, investment in utility infrastructure and development of cost-effective power generation units that help in providing reliable and affordable power. Given its growth opportunities, PNM makes for a solid investment option in the utility sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a promising investment pick at the moment. The Zacks Consensus Estimate for PNM's 2024 earnings per share (EPS) has increased 1.5% to $2.71 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Name of Registrant, State of Incorporation, Address Of Principal Executive Offices, Telephone Number, Commission File No ...

Financial Data and Key Metrics Changes - Earnings per share for Q1 2024 was $0.41, exceeding expectations of $0.37 to $0.39, driven by relief from TCOs and DCRF mechanisms [10][11] - The company is affirming its annual guidance range for 2024 at $2.65 to $2.75, with long-term earnings growth targets of 6% to 7% [11][12] Business Line Data and Key Metrics Changes - TNMP is leading growth with nearly 13% rate-based growth, while overall rate-based growth is expected to be around 10% [11][12] - The first DCRF for the year was filed for an incremental $200 million of rate-based, with plans for a second filing in the third quarter [28][44] Market Data and Key Metrics Changes - The ERCOT board approved a $100 million reliability project in West Texas, indicating strong demand growth in the area [41] - Load growth at PNM, primarily from industrial customers, increased year over year, although offset by a return to normal weather conditions [47] Company Strategy and Development Direction - The company is focused on enhancing system resiliency and wildfire mitigation, with increased spending on vegetation management [5][42] - Plans to integrate additional solar and storage resources are in progress, aiming for 60% carbon-free generation [26][45] Management Comments on Operating Environment and Future Outlook - Management remains confident in earnings guidance for the year and long-term growth targets, despite challenges from normal weather patterns [12][31] - The company is actively participating in discussions regarding regulatory changes and infrastructure improvements to meet future demand [25][27] Other Important Information - The company closed the sale of NMRD in February, receiving proceeds of $117 million [23] - The company is working on a public safety power shutoff plan for high wildfire risk areas in New Mexico [3] Q&A Session Summary Question: Current amount of wildfire insurance and its cost - Management did not disclose specific details about wildfire insurance during the negotiation period [4] Question: Impact of vegetation management on O&M outlook - Management indicated that increased vegetation management expenses can be recovered outside of a general rate case as part of an approved resiliency plan [42] Question: Update on CapEx opportunities for mobile generation - Management expects a proposed rule regarding mobile generation in June, with a final rule anticipated by the end of the year [17]

Exhibit 99.1 ALBUQUERQUE, N.M. April 30, 2024 SEGMENT REPORTING OF 2024 FIRST QUARTER EARNINGS EPS Results by Segment | | | GAAP Diluted EPS | | Ongoing Diluted EPS | | --- | --- | --- | --- | --- | | | Q1 2024 | Q1 2023 | Q1 2024 | Q1 2023 | | PNM | $0.46 | $0.64 | $0.38 | $0.55 | | TNMP | $0.16 | $0.11 | $0.16 | $0.11 | | Corporate and Other | ($0.10) | ($0.11) | ($0.13) | ($0.11) | | Consolidated PNM Resources | $0.52 | $0.64 | $0.41 | $0.55 | • 2024 first quarter GAAP earnings of $0.52 per diluted share ...