earnings
confidence high
sentiment positive
materiality 0.70
PNM Resources Q3 2022 ongoing EPS $1.46, raises 2022 guidance to $2.63-$2.68
TXNM ENERGY INC
2022-Q3 EPS reported
$1.78
revenue$1,673,736,000
- GAAP diluted EPS $1.42, ongoing diluted EPS $1.46; net earnings $122.4M vs $113.3M YoY.
- PNM segment ongoing EPS $1.17, TNMP $0.36; driven by load growth and new customers.
- 2022 ongoing EPS guidance raised to $2.63-$2.68; 2023 guidance maintained at $2.60-$2.75.
- Merger with AVANGRID appeal pending before New Mexico Supreme Court; oral argument undated.
- San Juan Generating Station operations ended Q3, reducing coal to <10% of PNM generation capacity.