PNM Resources Q1 2024 GAAP EPS $0.52 (down 19% YoY); affirms FY ongoing guidance $2.65-$2.75

TXNM ENERGY INC

2024-Q1 EPS reported $0.52 revenue$436,877,000

Q1 2024 GAAP diluted EPS $0.52 (down from $0.64 in Q1 2023); ongoing diluted EPS $0.41 (down from $0.55).
Affirmed 2024 ongoing earnings guidance range of $2.65-$2.75 per diluted share.
PNM segment GAAP EPS $0.46 (down from $0.64); TNMP segment GAAP EPS $0.16 (up from $0.11).
GAAP net earnings attributable to PNM Resources: $47.2M vs $55.0M in Q1 2023.
CEO says first quarter results exceeded expectations, citing progress on strategic goals.

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 0.9

TXNM ENERGY INC reported first quarter 2024 results: net income GAAP net earnings attributable to PNM Resources $47.2, EPS $0.52 per diluted share.

Period: first quarter 2024
Net income: GAAP net earnings attributable to PNM Resources $47.2
EPS: $0.52 per diluted share
Result: reported results

Exact text from the filing

PNM Resources Reports First Quarter 2024 Results 2024 Ongoing Earnings Guidance Affirmed • 2024 first quarter GAAP earnings of $0.52 per diluted share • 2024 first quarter ongoing earnings of $0.41 per diluted share • Affirmed ongoing earnings guidance range of $2.65 - $2.75

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TXNM ENERGY INC reported 2024 full year results: EPS $2.65 - $2.75 per diluted share. Guidance reaffirmed.

Period: 2024 full year
EPS: $2.65 - $2.75 per diluted share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Affirmed ongoing earnings guidance range of $2.65 - $2.75

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Source: SEC EDGAR

accession 0001108426-24-000036

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