PNM Resources (PNM) Tops Q1 EPS by 12c; Affirms FY21 EPS Outlook

PNM Resources (NYSE: PNM) reported Q1 EPS of $0.32, $0.12 better than the analyst estimate of $0.20.

• 2021 First Quarter GAAP earnings of $0.20 per diluted share
• 2021 First Quarter Ongoing earnings of $0.32 per diluted share
• Affirmed 2021 Ongoing earnings guidance range of $2.27 to $2.37 per diluted share

"The first quarter showed signs of recovery and improvement over last year's COVID-related impacts. We continue to prioritize the needs of our customers and communities as we carry out our plans at PNM and TNMP for the critical infrastructure to support future energy needs," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "Our merger process with Avangrid has moved forward with key approvals at the federal level and progress on settlement agreements in both Texas and New Mexico. We continue to expect the merger to close in the second half of 2021."

GUIDANCE:

PNM Resources sees FY2021 EPS of $2.27-$2.37, versus the consensus of $2.32.

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

You May Also Be Interested In

• Biogen (BIIB) tops earnings expectations but revenue falls short
• Norfolk Southern (NSC) Misses Q1 EPS by 12c
• Bok Financial Corp (BOKF) Misses Q1 EPS by 27c