PNM Resources, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Patricia K. Vincent-Collawn
- Full Time Employees
- 1,635
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 414 Silver Avenue SW Albuquerque NM United States of America 87102-3289
- IPO Date
- Aug 10, 1984
- CIK
- 0001108426
- Website
- pnmresources.com
- Similar Companies
- Business
- PNM Resources, Inc. is an energy holding company that provides electricity and related services across the United States through its regulated utility subsidiaries. Its operations are primarily divided between the Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The company's roots trace back to 1882 with the inception of the Albuquerque Gas Company, evolving into its current structure as a holding company in 2001. The PNM segment focuses on the generation, transmission, and distribution of electricity within New Mexico. It manages a significant portfolio, having grown its total generation capacity to over 4,200 megawatts as of 2024. PNM is actively transitioning its energy sources, with 72% of its generation portfolio currently carbon-free. The company utilizes a diverse mix that includes solar, wind, geothermal, natural gas, and maintains a minority interest in nuclear power. Notably, PNM completed its exit from the coal-fired San Juan Generating Station in 2022, aligning with its ambitious goal to achieve 100% emissions-free generation by 2040. Its extensive infrastructure in New Mexico comprises approximately 2,282 miles of electric transmission lines and around 7,594 miles of distribution lines, supported by numerous substations. The TNMP segment is dedicated to providing regulated transmission and distribution services solely in Texas, without engaging in generation. This segment maintains and operates its own substantial network of overhead and underground electric lines and substations to ensure reliable power delivery across its service territory. Collectively, PNM Resources serves more than 800,000 residential, commercial, and industrial customers and end-users of electricity throughout New Mexico and Texas. The company is headquartered in Albuquerque, New Mexico.
Powering homes and businesses with reliable, affordable and clean energy: PNM puts forth balanced plan to advance carbon-free future
/C O R R E C T I O N -- SEMIFIVE/
Approval of Unopposed Stipulation in PNM 2028 Resource Application
PNM, TNMP Receive Rate Approvals
Recommendation to Approve Unopposed Stipulation in PNM 2025 Rate Request
PNM and parties file Unopposed Stipulation in 2028 Resource Application
PNM issues all-source RFP for new resources in 2029-2032
PNM and parties file Unopposed Stipulation in 2025 Rate Request
PNM files application for new resources in 2028
PNM reaches Settlement in Principle in 2025 Rate Request
PNM announces plan to join CAISO EDAM regional energy market
NMPRC approves PNM Grid Modernization Plan
PNM Resources, Inc. (PNM) Q2 2024 Earnings Call Transcript
PNM Resources (PNM) Q2 Earnings Top Estimates, Sales Rise Y/Y
PNM Resources (PNM) Beats Q2 Earnings Estimates
PNM Resources Reports Second Quarter 2024 Results
PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5
PNM Resources Board Declares Quarterly Common Stock Dividend
PNM Resources to Announce 2024 Second Quarter Earnings on July 31
PNM Resources (PNM) Rides on Clean & Affordable Power Supply