PNM Resources Q2 ongoing EPS $0.60 beats prior year; affirms FY2024 guidance $2.65-$2.75

TXNM ENERGY INC

2024-Q2 EPS reported $1.05 revenue$924,979,000

Q2 2024 GAAP diluted EPS $0.53 (flat YoY); ongoing diluted EPS $0.60, up from $0.55.
Affirmed 2024 ongoing EPS guidance range of $2.65-$2.75.
PNM segment ongoing EPS $0.41; TNMP $0.33; Corporate & Other ($0.14).
PNM Resources to change name to TXNM Energy; trading under TXNM ticker expected Aug 5.
Net unrealized losses on investment securities of $5.6M in Q2 vs gains of $2.5M in prior year.

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