PNM Resources (PNM) Misses Q2 EPS by 4c, Revenues Miss; Maintains FY19 EPS Guidance

August 2, 2019 6:37 AM EDT

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PNM Resources (NYSE: PNM) reported Q2 EPS of $0.37, $0.04 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $330.23 million versus the consensus estimate of $347.75 million."Temperatures, and financial results, during the quarter reflected New Mexico's mildest second quarter in 20 years," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "On July 1, PNM took its next step toward meeting its goal of 100 percent emissions-free energy by 2040 by filing for the abandonment, securitization and replacement of the San Juan Generating Station. We look forward to working with our stakeholders to implement a plan that achieves sizable emission reductions, saves customers money and meets reliability standards."

GUIDANCE:

PNM Resources sees FY2019 EPS of $2.05-$2.11, versus the consensus of $2.09.

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



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