See more : Sabina Public Company Limited (SABINA-R.BK) 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 Resources (PNM) Gets Nod for New Solar & Battery Project
PNM Resources (PNM) continues with its goal of emission reduction. The new 410-MW solar and battery capacity should help the company attain its 75% carbon-free target by 2026.
NMPRC Approves New PNM Energy Resources for 2026
ALBUQUERQUE, N.M., May 31, 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 PNM Resources (NYSE: PNM), for new energy resources to be added by...
Why Is PNM Resources (PNM) Down 2.1% Since Last Earnings Report?
PNM Resources (PNM) reported earnings 30 days ago. What's next for the stock?
Here's Why You Should Add PNM Resources (PNM) to Your Portfolio
PNM Resources (PNM) makes a strong case for investment, given its growth prospects, strong return on equity and ability to increase shareholders' value.
PNM or PEG: Which Is the Better Value Stock Right Now?
Investors with an interest in Utility - Electric Power stocks have likely encountered both PNM Resources (PNM) and PSEG (PEG). But which of these two stocks offers value investors a better bang for their buck right now?
PNM Resources (PNM) Q1 Earnings & Revenues Miss Estimates
PNM Resources' (PNM) first-quarter 2024 earnings and revenues decrease year over year. Total operating expenses also decline during the same period.
PNM Resources (PNM) Q1 Earnings and Revenues Lag Estimates
PNM Resources (PNM) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.55 per share a year ago.
PNM Resources Reports First Quarter 2024 Results
2024 Ongoing Earnings Guidance Affirmed 2024 first quarter GAAP earnings of $0.52 per diluted share 2024 first quarter ongoing earnings of $0.41 per diluted share Affirmed ongoing earnings guidance range of $2.65 - $2.75 ALBUQUERQUE, N.M. , April 30, 2024...
What's in the Cards for PNM Resources (PNM) This Earnings Season?
PNM Resources' (PNM) first-quarter results are expected to benefit from increased load growth and higher transmission margins. However, still high interest rates might have negatively impacted earnings.
PNM Resources: Medium Term Growth Potential But Less Financial Flexibility
PNM Resources has medium term EPS growth potential given its expected growth in its regulated rate base. Given PNM Resources has fairly high leverage, the company doesn't have as much financial flexibility while maintaining investment grade credit rating if it...
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