See more : Döhler S.A. (DOHL3.SA) 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 |
5 Utility Stocks to Invest in for a Stable Portfolio
We have narrowed our search to five low-beta utility stocks that are regular dividend payers. These are: CWCO, AWK, ATO, PNM, YORW.
5 Solid Stocks to Buy Amid Recurring Fears of Rate Hikes
The Fed has hinted at more rate hikes, which can again unsettle markets. Given this situation, investing in defensive stocks like PNM Resources (PNM), Entergy Corporation (ETR), J&J Snack Foods (JJSF), PepsiCo (PEP) and Ingredion (INGR) is a safe bet.
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PNM Resources (PNM) is expected to further benefit from infrastructure investments and cost-effective power generation.
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Investors interested in Utility - Electric Power stocks are likely familiar with PNM Resources (PNM) and MGE (MGEE). But which of these two stocks presents investors with the better value opportunity right now?
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PNM and parties reach unanimous settlement agreement for customer rate credits to resolve remaining steps of San Juan coal plant retirement
Rate credits add to existing benefits of coal plant retirement under Energy Transition Act for customers, environment, employees and impacted communities ALBUQUERQUE, N.M., Aug. 18, 2023 /PRNewswire/ -- Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc....
PNM Resources, Inc. (PNM) Q2 2023 Earnings Call Transcript
PNM Resources, Inc. (NYSE:PNM ) Q2 2023 Earnings Call Transcript August 4, 2023 11:00 AM ET Company Participants Lisa Goodman - Executive Director of IR Pat Vincent-Collawn - Chairman and CEO Don Tarry - President and COO Lisa Eden -...
PNM Resources (PNM) Q2 Earnings Beat Estimates, Revenues Lag
PNM Resources' (PNM) second-quarter 2023 earnings and revenues decline year over year. Total operating expenses decrease during the same period.
PNM Resources (PNM) Surpasses Q2 Earnings Estimates
PNM Resources (PNM) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.57 per share a year ago.
PNM Resources Reports Second Quarter 2023 Results
2023 Ongoing Earnings Guidance Affirmed 2023 second quarter GAAP earnings of $0.53 per diluted share 2023 second quarter ongoing earnings of $0.55 per diluted share Affirmed ongoing earnings guidance range of $2.65 - $2.75 for 2023 ALBUQUERQUE, N.M. , Aug....
Source: https://incomestatements.info
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