PNM Resources Files 8-K for Financial Updates
Ticker: PNMXO · Form: 8-K · Filed: Jul 31, 2024 · CIK: 81023
| Field | Detail |
|---|---|
| Company | Public Service Co Of New Mexico (PNMXO) |
| Form Type | 8-K |
| Filed Date | Jul 31, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, 8-k, utility
Related Tickers: PNM
TL;DR
PNM Resources (PNM) dropped its 8-K with updated financials - check it out.
AI Summary
On July 31, 2024, Public Service Company of New Mexico (PNM Resources Inc.) filed an 8-K to report its financial results and provide updated financial statements. The filing details operational and financial conditions for the company, which is a subsidiary of PNM Resources Inc. and operates as Texas New Mexico Power Co.
Why It Matters
This filing provides investors and stakeholders with crucial, up-to-date financial information for Public Service Company of New Mexico, impacting investment decisions and regulatory oversight.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any unusual or significant risks.
Key Players & Entities
- Public Service Company of New Mexico (company) — Filer and subject of the report
- PNM Resources Inc. (company) — Parent company
- Texas New Mexico Power Co. (company) — Subsidiary and operating entity
- Robert Bischoff (person) — Contact person for mail address
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 provide updated Financial Statements and Exhibits.
What is the filing date of this 8-K?
The filing date of this 8-K is July 31, 2024.
Who is the parent company of Public Service Company of New Mexico?
The parent company of Public Service Company of New Mexico is PNM Resources Inc.
What is the Standard Industrial Classification (SIC) code for Public Service Company of New Mexico?
The Standard Industrial Classification (SIC) code for Public Service Company of New Mexico is 4911 (ELECTRIC SERVICES) and 4931 (ELECTRIC & OTHER SERVICES COMBINED).
What is the business address of PNM Resources Inc.?
The business address of PNM Resources Inc. is 414 SILVER AVE. SW, ALBUQUERQUE, NM 87102-3289.
Filing Stats: 1,103 words · 4 min read · ~4 pages · Grade level 13.4 · Accepted 2024-07-31 07:05:40
Filing Documents
- pnm-20240731.htm (8-K) — 39KB
- ex99107312024earningsrelea.htm (EX-99.1) — 337KB
- image.jpg (GRAPHIC) — 39KB
- txnmlogo.jpg (GRAPHIC) — 23KB
- 0001108426-24-000066.txt ( ) — 652KB
- pnm-20240731.xsd (EX-101.SCH) — 3KB
- pnm-20240731_def.xml (EX-101.DEF) — 15KB
- pnm-20240731_lab.xml (EX-101.LAB) — 27KB
- pnm-20240731_pre.xml (EX-101.PRE) — 16KB
- pnm-20240731_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On July 31, 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 and six months ended June 30, 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 oper
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press Release dated July 3 1 , 2024 . 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: July 31, 2024 /s/ Gerald R. Bischoff Gerald R. Bischoff Vice President and Corporate Controller (Officer duly authorized to sign this report)