PNM Resources 2023 GAAP EPS $1.02 vs $1.97 YoY; 2024 guidance $2.65-$2.75

TXNM ENERGY INC

2023-FY EPS reported $1.02 revenue$1,939,198,000

GAAP diluted EPS fell to $1.02 from $1.97 due to $242M in regulatory disallowances and restructuring costs.
Ongoing diluted EPS rose to $2.82 from $2.69, helped by lower generation costs and stronger TNMP load growth.
2024 ongoing EPS guidance range of $2.65-$2.75; long-term earnings growth target set at 6%-7% through 2028.
PNM segment GAAP EPS $0.41 vs $1.20; TNMP GAAP EPS $1.10 vs $1.07; Corporate & Other loss widened.
Chairman Vincent-Collawn cited geographic diversification and grid investments to support clean energy transition.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TXNM ENERGY INC updated its the fiscal year ended December 31, 2023 guidance (initiated).

Period: the fiscal year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 6, 2024, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing preliminary results of operations for the three months and year ended December 31, 2023.

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TXNM ENERGY INC filing history →

Source: SEC EDGAR

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