PNM Resources Q1 ongoing EPS $0.55 beats $0.50 yoy; reaffirms 2023 guidance $2.65-$2.75

TXNM ENERGY INC

2023-Q1 EPS reported $0.64 revenue$544,077,000

GAAP diluted EPS $0.64 vs $0.19 yoy; ongoing EPS $0.55 vs $0.50
Affirmed 2023 ongoing earnings guidance of $2.65-$2.75 per diluted share
Merger with AVANGRID extended to July 20, 2023; joint dismissal/remand request pending at NM Supreme Court
PNM segment contributed $0.55 ongoing EPS; TNMP $0.11; Corporate & Other ($0.11)
Selected adviser to sell NMRD joint venture; proceeds to fund regulated capex

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TXNM ENERGY INC reported three months ended March 31, 2023 results: net income $55.0, EPS $0.64 per diluted share. Guidance reaffirmed.

Period: three months ended March 31, 2023
Net income: $55.0
EPS: $0.64 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

PNM Resources (In millions, except EPS) Q1 2023 Q1 2022 GAAP net earnings attributable to PNM Resources $55.0 $16.0 GAAP diluted EPS $0.64 $0.19 Ongoing net earnings $47.6 $43.3 Ongoing diluted EPS $0.55 $0.50 PNM Resources (NYSE: PNM) today released its 2023 first quarter results. In addition, management affirmed its 2023 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.

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Source: SEC EDGAR

accession 0001108426-23-000022

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