PNM Resources (PNM) Tops Q3 EPS by 2c, Revenues Miss; Affirms FY19 EPS Guidance

November 1, 2019 6:35 AM EDT

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PNM Resources (NYSE: PNM) reported Q3 EPS of $1.29, $0.02 better than the analyst estimate of $1.27. Revenue for the quarter came in at $433.59 million versus the consensus estimate of $445.95 million.

"Third quarter results reflect temperatures that were higher than both prior year and normal levels, which allows us to adjust our spending appropriately," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "Our capital plans incorporate additional projects at TNMP to support reliability and growth in response to regional planning studies. Our plans in New Mexico continue to focus on supporting the state's vision to be a clean energy leader and be emissions-free by 2040."

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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