PNM Resources (PNM) Tops Q4 EPS by 1c; Narrows FY19 EPS Guidance Outlook

PNM Resources (NYSE: PNM) reported Q4 EPS of $0.18, $0.01 better than the analyst estimate of $0.17.

"Fourth quarter earnings, while lower than the prior year, were strengthened by colder temperatures in New Mexico," said Pat Vincent-Collawn, PNM Resources\' chairman, president and CEO. "These weather impacts, combined with the continued strength in load growth for both New Mexico and Texas, resulted in earnings just above our 2018 guidance range. As unprecedented demand for new service continues in our Texas service territory and the renewable energy potential in New Mexico comes to the forefront, we continue to revise our investment plans to reflect incremental growth opportunities."

GUIDANCE:

PNM Resources sees FY2019 EPS of $2.10-$2.18, versus the consensus of $2.13.

For earnings history and earnings-related data on PNM Resources (PNM) click here.

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