PNM Resources Files 8-K for Financial Results
Ticker: PNMXO · Form: 8-K · Filed: Apr 30, 2024 · CIK: 81023
| Field | Detail |
|---|---|
| Company | Public Service Co Of New Mexico (PNMXO) |
| Form Type | 8-K |
| Filed Date | Apr 30, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, 8-k, utilities
TL;DR
PNM Resources dropped its 8-K on April 30th, detailing financial results and operations.
AI Summary
On April 30, 2024, Public Service Company of New Mexico (PNM Resources Inc.) filed an 8-K to report its financial results and present financial statements and exhibits. The filing details operational and financial conditions for the company, which operates under the SIC code 4911 for Electric Services.
Why It Matters
This filing provides investors and stakeholders with crucial financial information and operational updates for Public Service Company of New Mexico, impacting investment decisions and regulatory oversight.
Risk Assessment
Risk Level: low — This is a routine financial filing (8-K) that reports on operational and financial conditions without disclosing new material events or risks.
Key Players & Entities
- Public Service Company of New Mexico (company) — Filer of the 8-K
- PNM Resources Inc. (company) — Parent company of Public Service Company of New Mexico
- Texas New Mexico Power Co (company) — Subsidiary company
- Robert Bischoff (person) — Contact person for mail address
- April 30, 2024 (date) — Filing date
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on the Results of Operations and Financial Condition of Public Service Company of New Mexico and to present Financial Statements and Exhibits.
What is the filing date of this 8-K?
The filing was made on April 30, 2024.
What are the main business segments or SIC codes associated with the filers mentioned?
Public Service Co of New Mexico is associated with SIC code 4931 (Electric & Other Services Combined), while PNM Resources Inc. and Texas New Mexico Power Co are associated with SIC code 4911 (Electric Services).
Where is the principal executive office of Public Service Company of New Mexico located?
The principal executive office of Public Service Company of New Mexico is located at 414 Silver Ave. SW, Albuquerque, NM 87102-3289.
What was the former name of Public Service Company of New Mexico?
The former name of Public Service Company of New Mexico was Manzano Corp, with a date of name change on March 3, 2000.
Filing Stats: 1,101 words · 4 min read · ~4 pages · Grade level 13.4 · Accepted 2024-04-30 07:07:28
Filing Documents
- pnm-20240430.htm (8-K) — 39KB
- ex99104302024earningsrelea.htm (EX-99.1) — 196KB
- imagea.jpg (GRAPHIC) — 39KB
- 0001108426-24-000036.txt ( ) — 473KB
- pnm-20240430.xsd (EX-101.SCH) — 3KB
- pnm-20240430_def.xml (EX-101.DEF) — 15KB
- pnm-20240430_lab.xml (EX-101.LAB) — 27KB
- pnm-20240430_pre.xml (EX-101.PRE) — 16KB
- pnm-20240430_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On April 30, 2024, 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 months ended March 31, 2024. 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 and losses on economic hedges, 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
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press Release dated April 30 , 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: April 30, 2024 /s/ Gerald R. Bischoff Gerald R. Bischoff Vice President and Corporate Controller (Officer duly authorized to sign this report)