See more : StrongPoint ASA (STRO.OL) 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 Announces Avangrid Termination of Merger Agreement, Schedules Financial Update
ALBUQUERQUE, N.M. , Jan. 2, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) announces the termination of its merger agreement with Avangrid.
PNM Resources (PNM) to Sell Renewable Joint Venture for $230M
PNM Resources (PNM) and American Electric Power inked a deal to divest around 50% stake each in New Mexico Renewable Development, LLC for $230 million.
PNM Resources Announces Sale of Renewable Joint Venture
ALBUQUERQUE, N.M., Dec. 26, 2023 /PRNewswire/ -- PNM Resources (NYSE: PNM) has entered into an agreement to sell its 50% ownership interest in its renewable joint venture, New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC.
PNM Resources (PNM) Raises Annual Dividend Rate by 5.4%
PNM Resources (PNM) continues to perform steadily and is generating stable cash flows, enabling it to increase dividend rates and reward its shareholders.
PNM Resources Increases Common Dividend 5.4%
PNM Resources and Public Service Company of New Mexico Declare Quarterly Dividends ALBUQUERQUE, N.M., Dec. 5, 2023 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today voted to increase the company's annual dividend payment by $0.08, a 5.4%...
PNM vs. MGEE: Which Stock Is the Better Value Option?
Investors looking for stocks in the Utility - Electric Power sector might want to consider either PNM Resources (PNM) or MGE (MGEE). But which of these two stocks is more attractive to value investors?
Here's Why You Should Add PPL to Your Portfolio Right Now
PPL makes a strong case for investment, given its positive growth estimates, strong financial position and systematic capital plan.
PNM Resources Management to Meet with Investors
2023 ongoing earnings guidance to be affirmed during meetings ALBUQUERQUE, N.M., Nov. 10, 2023 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week at the Edison Electric Institute Financial Conference.
PPL's Q3 Earnings Miss Estimates, Revenues Decrease Y/Y
PPL Corporation's (PPL) third-quarter earnings and sales miss estimates. The company narrowed its earnings expectation for 2023.
PNM vs. MGEE: Which Stock Should Value Investors Buy Now?
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of PNM Resources (PNM) and MGE (MGEE). But which of these two companies is the best option for those looking for undervalued stocks?
Source: https://incomestatements.info
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