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PNM Resources: Q1 Earnings Snapshot

By Ap News - Apr 30, 2024, 05:06 AM ET

Last Updated - Apr 30, 2024, 05:06 AM EDT

ALBUQUERQUE, N.M. (AP) — ALBUQUERQUE, N.M. (AP) — PNM Resources Inc. (PNM) on Tuesday reported profit of $47.3 million in its first quarter.

On a per-share basis, the Albuquerque, New Mexico-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring gains, came to 41 cents per share.

The power company posted revenue of $436.9 million in the period.

PNM Resources expects full-year earnings in the range of $2.65 to $2.75 per share.

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