See more : Eniro Group AB (publ) (ENRO-PREF-B.ST) Income Statement Analysis – Financial Results
Complete financial analysis of PNM Resources, Inc. (PNM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of PNM Resources, Inc., a leading company in the Regulated Electric industry within the Utilities sector.
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PNM Resources, Inc. (PNM)
About PNM Resources, Inc.
PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.94B | 2.25B | 1.78B | 1.52B | 1.46B | 1.44B | 1.45B | 1.36B | 1.44B | 1.44B | 1.39B | 1.34B | 1.70B | 1.67B | 1.65B | 1.96B | 1.91B | 2.47B | 2.08B | 1.60B | 1.46B | 1.17B | 2.35B | 1.61B | 1.16B | 1.09B | 1.14B | 883.30M | 808.50M | 904.70M | 873.90M | 852.00M | 857.20M | 855.10M | 915.30M | 841.90M | 689.70M | 698.00M | 749.00M |
| Cost of Revenue | 1.31B | 1.14B | 788.78M | 585.22M | 555.36M | 549.20M | 544.93M | 526.78M | 641.40M | 657.19M | 608.14M | 585.27M | 943.47M | 960.07M | 966.53M | 1.43B | 1.32B | 1.61B | 1.44B | 1.09B | 943.32M | 149.53M | 152.46M | 139.89M | 200.00M | 445.80M | 527.00M | 291.90M | 235.10M | 269.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 627.10M | 1.11B | 991.09M | 937.79M | 902.25M | 887.41M | 900.07M | 836.17M | 797.68M | 778.66M | 779.79M | 757.14M | 757.15M | 713.45M | 681.22M | 525.77M | 591.02M | 861.71M | 636.58M | 512.63M | 512.40M | 1.02B | 2.20B | 1.47B | 957.60M | 646.70M | 608.30M | 591.40M | 573.40M | 634.90M | 873.90M | 852.00M | 857.20M | 855.10M | 915.30M | 841.90M | 689.70M | 698.00M | 749.00M |
| Gross Profit Ratio | 32.34% | 49.53% | 55.68% | 61.57% | 61.90% | 61.77% | 62.29% | 61.35% | 55.43% | 54.23% | 56.18% | 56.40% | 44.52% | 42.63% | 41.34% | 26.83% | 30.88% | 34.86% | 30.65% | 31.96% | 35.20% | 87.21% | 93.52% | 91.32% | 82.72% | 59.19% | 53.58% | 66.95% | 70.92% | 70.18% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 227.90M | 321.83M | 311.63M | 294.28M | 259.09M | 264.90M | 257.92M | 257.74M | 248.26M | 237.68M | 249.33M | 258.87M | 279.18M | 264.56M | 325.59M | 253.31M | 214.59M | 276.02M | 217.98M | 165.94M | 158.71M | 146.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 81.34M | 77.94M | 69.86M | 76.43M | 71.58M | 66.23M | 69.16M | 66.57M | 70.12M | 71.13M | 0.00 | 0.00 | 63.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 227.90M | 321.83M | 311.63M | 294.28M | 259.09M | 264.90M | 257.92M | 257.74M | 248.26M | 237.68M | 249.33M | 258.87M | 279.18M | 264.56M | 262.28M | 253.31M | 214.59M | 276.02M | 217.98M | 165.94M | 158.71M | 146.23M | 155.39M | 147.27M | 153.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | -95.94M | 397.84M | 370.12M | 357.14M | 347.86M | 1.89M | 3.82M | 4.01M | 14.11M | 1.57M | -10.98M | -4.94M | 220.68M | 209.44M | 22.27M | 472.02M | 251.39M | 305.98M | 257.41M | 190.35M | 207.03M | 750.58M | 1.73B | 1.14B | 658.70M | 469.70M | 445.90M | 426.10M | 429.80M | 439.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 323.84M | 719.68M | 681.74M | 651.42M | 606.95M | 585.77M | 566.55M | 543.17M | 505.86M | 477.90M | 480.71M | 483.42M | 499.86M | 474.00M | 489.27M | 725.34M | 465.98M | 582.01M | 475.39M | 356.29M | 365.74M | 896.81M | 1.89B | 1.28B | 812.40M | 469.70M | 445.90M | 426.10M | 429.80M | 439.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 1.64B | 1.85B | 1.47B | 1.24B | 1.16B | 1.13B | 1.11B | 1.07B | 1.15B | 1.14B | 1.09B | 1.07B | 1.44B | 1.43B | 1.46B | 2.16B | 1.79B | 2.19B | 1.92B | 1.45B | 1.31B | 1.05B | 2.04B | 1.42B | 1.01B | 915.50M | 972.90M | 718.00M | 664.90M | 709.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Income | 21.96M | 16.10M | 14.66M | 14.22M | 14.02M | 15.54M | 15.92M | 22.29M | 6.50M | 8.48M | 10.04M | 13.07M | 15.52M | 18.90M | 28.39M | 24.10M | 43.15M | 39.68M | 42.83M | 0.00 | 0.00 | 44.95M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 190.36M | 127.91M | 96.88M | 114.39M | 121.02M | 127.24M | 127.63M | 128.63M | 114.86M | 119.63M | 121.45M | 120.85M | 124.85M | 125.37M | 122.21M | 132.96M | 120.68M | 146.58M | 99.41M | 54.00M | 66.78M | 61.41M | 64.84M | 65.44M | 0.00 | 63.20M | 0.00 | 54.70M | 57.90M | 70.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 353.69M | 341.12M | 320.21M | 314.67M | 301.07M | 275.64M | 268.19M | 242.03M | 222.86M | 172.63M | 208.17M | 206.50M | 195.37M | 186.07M | 173.45M | 150.47M | 144.32M | 103.19M | 160.59M | 131.63M | 144.85M | 115.42M | 106.77M | 103.83M | 73.70M | 75.40M | 81.70M | 90.00M | 73.00M | 90.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 622.77M | 644.07M | 645.86M | 616.51M | 577.18M | 506.97M | 610.50M | 561.33M | 346.93M | 483.44M | 506.31M | 488.35M | 594.37M | 213.70M | 363.63M | 31.39M | 237.32M | 385.78M | 328.25M | 316.36M | 284.97M | 246.98M | 425.62M | 256.35M | 218.90M | 252.40M | 244.10M | 255.30M | 216.60M | 286.20M | 873.90M | 852.00M | 857.20M | 855.10M | 915.30M | 841.90M | 689.70M | 698.00M | 749.00M |
| EBITDA Ratio | 32.11% | 32.15% | 34.26% | 37.92% | 39.60% | 39.00% | 40.50% | 41.19% | 37.20% | 33.67% | 36.48% | 36.38% | 27.53% | 25.94% | 22.07% | 1.60% | 13.29% | 16.96% | 15.81% | 15.32% | 19.58% | 21.13% | 18.10% | 15.91% | 18.91% | 23.10% | 21.50% | 28.90% | 26.79% | 31.63% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Income | 303.26M | 393.76M | 308.15M | 285.28M | 309.37M | 236.05M | 306.49M | 277.99M | 124.35M | 299.70M | 286.84M | 273.72M | 257.30M | 239.45M | 191.94M | -199.57M | 125.04M | 279.71M | 161.20M | 156.34M | 146.66M | 122.66M | 311.45M | 186.44M | 145.20M | 177.00M | 162.40M | 165.30M | 143.60M | 195.30M | 873.90M | 852.00M | 857.20M | 855.10M | 915.30M | 841.90M | 689.70M | 698.00M | 749.00M |
| Operating Income Ratio | 15.64% | 17.50% | 17.31% | 18.73% | 21.22% | 16.43% | 21.21% | 20.40% | 8.64% | 20.87% | 20.67% | 20.39% | 15.13% | 14.31% | 11.65% | -10.18% | 6.53% | 11.32% | 7.76% | 9.75% | 10.08% | 10.49% | 13.24% | 11.57% | 12.54% | 16.20% | 14.30% | 18.71% | 17.76% | 21.59% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Total Other Income/Expenses | -140.81M | -182.45M | -63.72M | -77.33M | -77.35M | -126.99M | -80.73M | -82.81M | -78.20M | -99.05M | -111.77M | -98.69M | 55.17M | -302.83M | -97.19M | -196.52M | -62.46M | -94.15M | -63.05M | -11.77M | -60.22M | -25.36M | -72.24M | -31.53M | -40.60M | -40.60M | -43.10M | -53.30M | -37.80M | -70.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 90.53M | 211.31M | 244.43M | 207.95M | 66.85M | 109.06M | 225.76M | 195.17M | 46.15M | 200.65M | 175.07M | 175.04M | 312.47M | -63.38M | 94.75M | -396.09M | 62.58M | 185.56M | 98.15M | 144.56M | 86.44M | 97.30M | 239.20M | 154.91M | 104.60M | 136.40M | 119.30M | 112.00M | 105.80M | 124.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 4.67% | 9.39% | 13.73% | 13.65% | 4.59% | 7.59% | 15.62% | 14.32% | 3.21% | 13.97% | 12.61% | 13.04% | 18.37% | -3.79% | 5.75% | -20.21% | 3.27% | 7.51% | 4.73% | 9.01% | 5.94% | 8.32% | 10.17% | 9.61% | 9.04% | 12.49% | 10.51% | 12.68% | 13.09% | 13.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -16.35M | 26.13M | 32.58M | 20.64M | -25.28M | 7.78M | 130.34M | 63.28M | 15.08M | 69.74M | 59.51M | 54.91M | 121.54M | -32.26M | 28.82M | -90.82M | 3.23M | 63.97M | 32.86M | 52.70M | 27.89M | 33.03M | 88.77M | 53.96M | 25.00M | 41.30M | 38.30M | 39.40M | 30.20M | 44.20M | 61.50M | 104.30M | -23.00M | -400.00K | -82.60M | 183.50M | -95.40M | -151.00M | -146.30M |
| Net Income | 88.35M | 170.06M | 196.36M | 173.30M | 77.89M | 86.17M | 80.40M | 117.38M | 16.17M | 116.78M | 101.04M | 106.08M | 176.89M | -44.69M | 124.84M | -270.64M | 74.87M | 121.59M | 64.36M | 91.87M | 95.17M | 64.27M | 150.43M | 100.95M | 83.10M | 82.70M | 81.00M | 72.60M | 75.60M | 80.30M | -61.50M | -104.30M | 23.00M | 400.00K | 82.60M | -183.50M | 95.40M | 151.00M | 146.30M |
| Net Income Ratio | 4.56% | 7.56% | 11.03% | 11.38% | 5.34% | 6.00% | 5.56% | 8.61% | 1.12% | 8.13% | 7.28% | 7.90% | 10.40% | -2.67% | 7.58% | -13.81% | 3.91% | 4.92% | 3.10% | 5.73% | 6.54% | 5.50% | 6.40% | 6.26% | 7.18% | 7.57% | 7.13% | 8.22% | 9.35% | 8.88% | -7.04% | -12.24% | 2.68% | 0.05% | 9.02% | -21.80% | 13.83% | 21.63% | 19.53% |
| EPS | 1.02 | 1.97 | 2.28 | 2.16 | 0.97 | 1.08 | 1.00 | 1.47 | 0.20 | 1.46 | 1.26 | 1.32 | 1.98 | -0.49 | 1.36 | -3.24 | 0.98 | 1.73 | 1.00 | 1.43 | 1.57 | 1.09 | 2.55 | 1.69 | 1.34 | 1.31 | 1.28 | 1.15 | 1.15 | 1.18 | -0.98 | -1.67 | 0.21 | -0.15 | 1.15 | -2.93 | 1.33 | 2.19 | 2.20 |
| EPS Diluted | 1.02 | 1.97 | 2.27 | 2.15 | 0.97 | 1.08 | 1.00 | 1.46 | 0.20 | 1.45 | 1.25 | 1.31 | 1.96 | -0.49 | 1.36 | -3.24 | 0.96 | 1.71 | 0.98 | 1.41 | 1.56 | 1.07 | 2.51 | 1.69 | 1.34 | 1.30 | 1.27 | 1.14 | 1.15 | 1.18 | -0.98 | -1.67 | 0.21 | -0.15 | 1.15 | -2.93 | 1.33 | 2.19 | 2.20 |
| Weighted Avg Shares Out | 86.30M | 86.12M | 86.07M | 80.16M | 79.93M | 79.89M | 79.87M | 79.76M | 79.76M | 79.63M | 79.85M | 79.80M | 89.20M | 91.56M | 91.41M | 83.50M | 77.90M | 69.84M | 64.36M | 60.92M | 60.25M | 56.71M | 58.76M | 59.38M | 61.57M | 62.51M | 62.78M | 62.76M | 62.66M | 62.66M | 62.44M | 62.55M | 63.25M | 62.58M | 62.48M | 62.61M | 62.59M | 60.52M | 55.61M |
| Weighted Avg Shares Out (Dil) | 86.37M | 86.17M | 86.11M | 80.30M | 79.99M | 80.01M | 80.14M | 80.13M | 80.14M | 80.28M | 80.43M | 80.42M | 89.76M | 91.56M | 91.41M | 83.50M | 77.90M | 70.65M | 65.67M | 61.78M | 60.63M | 57.42M | 59.70M | 59.38M | 61.57M | 63.15M | 63.11M | 63.13M | 62.78M | 62.68M | 62.44M | 62.55M | 63.25M | 62.58M | 62.48M | 62.61M | 62.59M | 60.52M | 55.61M |
PNM and parties file Unopposed Stipulation in 2025 Rate Request
ALBUQUERQUE, N.M. , Nov. 26, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), and parties in its 2025 Rate Request application filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission (NMPRC).
PNM files application for new resources in 2028
ALBUQUERQUE, N.M., Nov. 25, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed an application with the New Mexico Public Regulation Commission (NMPRC) for new energy resources to be added by summer 2028.
PNM reaches Settlement in Principle in 2025 Rate Request
ALBUQUERQUE, N.M., Nov. 15, 2024 /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating several parties have reached a Settlement in Principle in PNM's 2025 Rate Request...
PNM announces plan to join CAISO EDAM regional energy market
ALBUQUERQUE, N.M. , Nov. 11, 2024 /PRNewswire/ -- In a continued effort to enhance reliability and economic benefits to customers, Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), has announced its plan to...
NMPRC approves PNM Grid Modernization Plan
ALBUQUERQUE, N.M., Oct. 17, 2024 /PRNewswire/ -- The New Mexico Public Regulation Commission (NMPRC) approved an application by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), designed to modernize its grid infrastructure using state-of-the...
PNM Resources, Inc. (PNM) Q2 2024 Earnings Call Transcript
PNM Resources, Inc. (NYSE:PNM ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Lisa Goodman - IR Pat Vincent-Collawn - Chairman & CEO Don Tarry - President & COO Lisa Eden - SVP, CFO &...
PNM Resources (PNM) Q2 Earnings Top Estimates, Sales Rise Y/Y
PNM Resources' (PNM) second-quarter 2024 earnings and revenues increase year over year. Total operating expenses decline during the same period.
PNM Resources (PNM) Beats Q2 Earnings Estimates
PNM Resources (PNM) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.55 per share a year ago.
PNM Resources Reports Second Quarter 2024 Results
2024 Ongoing Earnings Guidance Affirmed 2024 second quarter GAAP earnings of $0.53 per diluted share 2024 second quarter ongoing earnings of $0.60 per diluted share Affirmed ongoing earnings guidance range of $2.65 - $2.75 Name change to TXNM Energy, trading...
PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5
ALBUQUERQUE, N.M. , July 22, 2024 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) is expecting to complete the change of its holding company name to TXNM Energy, Inc. (NYSE: TXNM), effective at 5:00pm ET on August 2, 2024.
Source: https://incomestatements.info
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