PNM Files 8-K on Operations & Financial Condition

TL;DR

**PNM just filed an 8-K about its operations and financials, signaling new developments.**

AI Summary

On February 6, 2024, Public Service Co of New Mexico (PNM) filed an 8-K to report an event related to its operations and financial condition. This filing also includes financial statements and exhibits. While the specific details of the event are not provided in this excerpt, it signals that PNM is updating the market on significant developments. For investors, this matters because any changes in operations or financial health can directly impact the company's profitability and, consequently, the stock price.

Why It Matters

This filing indicates a new development concerning PNM's business or finances, which could affect its future performance and stock valuation.

Risk Assessment

Risk Level: medium — Without specific details, the nature of the event reported in the 8-K is unknown, making it a potential risk or opportunity.

Analyst Insight

Investors should look for the full 8-K filing to understand the specific details of the reported event concerning 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' to assess its potential impact on Public Service Co of New Mexico's stock.

Key Players & Entities

• PUBLIC SERVICE CO OF NEW MEXICO (company) — the registrant filing the 8-K
• PNM RESOURCES INC (company) — a related filer with CIK 0001108426
• TEXAS NEW MEXICO POWER CO (company) — a related filer with CIK 0000022767
• February 6, 2024 (date) — date of earliest event reported and filing date
• Albuquerque (company) — city of principal executive offices for Public Service Co of New Mexico and PNM Resources Inc

FAQ

Filing Documents

• pnm-20240206.htm (8-K) — 38KB
• exhibit99102062024earnings.htm (EX-99.1) — 329KB
• 0001108426-24-000004.txt ( ) — 561KB
• pnm-20240206.xsd (EX-101.SCH) — 3KB
• pnm-20240206_def.xml (EX-101.DEF) — 15KB
• pnm-20240206_lab.xml (EX-101.LAB) — 30KB
• pnm-20240206_pre.xml (EX-101.PRE) — 16KB
• pnm-20240206_htm.xml (XML) — 5KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. 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. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The Company's press release and other communications from time to time may include certain financial measures that are not determined in accordance with generally accepted accounting principles in the United States of America ("GAAP"). A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the company's financial statements. Non-GAAP financial measures utilized by the Company include presentations, on an ongoing basis, of revenues, operating expenses, operating income, other income and deductions, earnings, and earnings per share. The Company uses ongoing earnings and ongoing earnings per diluted share (or ongoing diluted earnings per share) to evaluate the operations of the Company and to establish goals, including those used for certain aspects of incentive compensation, for management and employees. Certain non-GAAP financial measures utilized by the Company exclude the impact of net unrealized mark-to-market gains, the net change in unrealized gains and losses on investment securities, pension expense related to previously disposed of gas distribution business, and certain non-recurring, infrequent, and other items. The Company's management believes that these non-GAAP financial measures provide useful information to investors by removing the effect of variances in GAAP reported results of operations tha

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press Release dated February 6 , 202 4 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. PNM RESOURCES, INC. PUBLIC SERVICE COMPANY OF NEW MEXICO TEXAS-NEW MEXICO POWER COMPANY (Registrants) Date: February 6, 2024 /s/ Gerald R. Bischoff Gerald R. Bischoff Vice President and Corporate Controller (Officer duly authorized to sign this report)

View Full Filing

View this 8-K filing on SEC EDGAR