PNM Resources Reports Financial Results
Sentiment: neutral
Topics: financial-results, 8-k
Related Tickers: PNM
TL;DR
PNM Resources dropped its latest 8-K with financial results - check the exhibits for the deets.
AI Summary
On April 30, 2024, PNM Resources Inc. (NYSE: PNM) filed an 8-K to report its financial results. The filing includes financial statements and exhibits related to the company's operations. Specific financial figures and performance details are expected to be elaborated upon in the accompanying exhibits.
Why It Matters
This filing provides investors with the latest financial performance data for PNM Resources, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine financial reporting filing with no immediate new risks or significant changes disclosed.
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
- 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 the results of operations and financial condition of PNM Resources Inc., along with providing financial statements and exhibits.
When was this 8-K filing submitted?
This 8-K filing was submitted on April 30, 2024.
What are the main subsidiaries of PNM Resources mentioned in the filing?
The filing mentions Texas New Mexico Power Co and Public Service Co of New Mexico as entities related to PNM Resources Inc.
What is the fiscal year end for PNM Resources Inc. and its subsidiaries?
The fiscal year end for PNM Resources Inc., Texas New Mexico Power Co, and Public Service Co of New Mexico is December 31.
Where is the business address for PNM Resources Inc. located?
The business address for PNM Resources Inc. is located at 414 Silver Ave. SW, Albuquerque, NM 87102-3289.
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)