PNM Resources Files 8-K for Financial Results
Ticker: TXNM · Form: 8-K · Filed: Apr 30, 2024 · CIK: 1108426
| Field | Detail |
|---|---|
| Company | Pnm Resources Inc (TXNM) |
| 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, utility
Related Tickers: PNM
TL;DR
PNM Resources dropped an 8-K detailing their latest financial results.
AI Summary
PNM Resources Inc. (PNM) filed an 8-K on April 30, 2024, to report results of operations and financial condition, along with financial statements and exhibits. The filing details the company's financial performance and provides supporting documentation for investors.
Why It Matters
This filing provides crucial financial updates for PNM Resources, allowing investors to assess the company's performance and make informed decisions.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.
Key Players & Entities
- PNM Resources Inc. (company) — Filer of the 8-K
- Texas New Mexico Power Co (company) — Subsidiary of PNM Resources
- Public Service Co of New Mexico (company) — Subsidiary of PNM Resources
- Manzano Corp (company) — Former name of PNM Resources
- Community Public Service Co (company) — Former name of Texas New Mexico Power Co
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates it is for 'Results of Operations and Financial Condition' but does not provide specific figures within the provided text.
When was this 8-K filing submitted?
The filing was submitted on April 30, 2024.
What are the primary business segments of PNM Resources?
The filing lists 'ELECTRIC SERVICES [4911]' and 'ELECTRIC & OTHER SERVICES COMBINED [4931]' as SIC codes for its subsidiaries, indicating a focus on utility services.
Does this filing mention any significant corporate actions or changes?
The filing notes former company names for PNM Resources and Texas New Mexico Power Co, indicating historical name changes but no current significant actions are detailed in the provided text.
Where is PNM Resources headquartered?
PNM Resources is headquartered in Albuquerque, New Mexico.
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)