PNM Resources Q2 GAAP EPS $0.53 vs $0.18 YoY; affirms 2023 guidance; merger extended to Dec 31

TXNM ENERGY INC

2023-Q2 EPS reported $1.16 revenue$1,021,233,000

Q2 GAAP diluted EPS $0.53 (vs $0.18 year ago); ongoing EPS $0.55 (vs $0.57).
Affirmed 2023 ongoing EPS guidance range of $2.65 to $2.75.
Merger with Avangrid extended through Dec 31, 2023; N.M. Supreme Court oral arguments set for Sept 15.
PNM segment GAAP EPS $0.36 vs ($0.07); TNMP $0.29 vs $0.30; Corporate & Other ($0.12) vs ($0.05).
GAAP net earnings attributable to PNM Resources $45.3M in Q2 vs $15.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TXNM ENERGY INC reported Q2 2023 results: net income GAAP net earnings attributable to PNM Resources $45.3, EPS GAAP diluted EPS $0.53. Guidance reaffirmed.

Period: Q2 2023
Net income: GAAP net earnings attributable to PNM Resources $45.3
EPS: GAAP diluted EPS $0.53
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 4, 2023, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing results of operations for the three and six months ended June 30, 2023.

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Source: SEC EDGAR

accession 0001108426-23-000046

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