PNM Resources (PNM) Tops Q1 EPS by 2c, Revenues Beat; Affirms FY19 EPS Guidance

PNM Resources (NYSE: PNM) reported Q1 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $349.65 million versus the consensus estimate of $348.99 million.

"First quarter financial results reflect continued growth in New Mexico that has increased our expectations for 2019 earnings," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "More importantly, the Energy Transition Act was passed in the 2019 New Mexico legislative session and signed into law, supporting our plan to transform the PNM generation portfolio and provide customers with increasingly clean energy that continues to be safe, reliable and affordable."

GUIDANCE:

PNM Resources sees FY2019 EPS of $2.10-$2.20, versus the consensus of $2.15.

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

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