PNM Resources Files 8-K with Financial Updates
Ticker: TXNM · Form: 8-K · Filed: Jul 31, 2024 · CIK: 1108426
| Field | Detail |
|---|---|
| Company | Pnm Resources Inc (TXNM) |
| Form Type | 8-K |
| Filed Date | Jul 31, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, results-of-operations
Related Tickers: PNM
TL;DR
PNM Resources dropped an 8-K on 7/31, check the financials.
AI Summary
PNM Resources Inc. (PNM) filed an 8-K on July 31, 2024, reporting its financial results. The filing includes financial statements and exhibits related to its operations. Specific financial figures and performance details are expected to be found within the attached exhibits.
Why It Matters
This filing provides investors with updated financial information for PNM Resources, crucial for assessing the company's performance and making informed investment 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
- 0001108426-24-000066 (filing_id) — Accession Number
- 20240731 (date) — Filing Date
- TEXAS NEW MEXICO POWER CO (company) — Former Company
- PUBLIC SERVICE CO OF NEW MEXICO (company) — Subsidiary
FAQ
What specific financial statements are included in this 8-K filing?
The filing indicates that 'Financial Statements and Exhibits' are included, but the specific details of these statements are not provided in the header information.
What is the SEC file number for PNM Resources Inc.?
The SEC file number for PNM Resources Inc. is 001-32462.
When was PNM Resources Inc. previously known as Manzano Corp?
The date of the name change from Manzano Corp to PNM Resources Inc. was March 3, 2000.
What is the primary business of Public Service Co of New Mexico?
Public Service Co of New Mexico's Standard Industrial Classification is 'ELECTRIC & OTHER SERVICES COMBINED [4931]'.
What is the fiscal year end for PNM Resources Inc.?
The fiscal year end for PNM Resources Inc. is December 31.
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)