PNM Resources (PNM) Tops Q4 EPS by 3c; Offers FY20 EPS Guidance

February 28, 2020 6:32 AM EST

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PNM Resources (NYSE: PNM) reported Q4 EPS of $0.36, $0.03 better than the analyst estimate of $0.33.

"Financial results for 2019 met our expectations, despite extremely mild temperatures in the second quarter, demonstrating our ability to respond and adapt business operations to changing conditions," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "As we look forward, we continue to prioritize investments in our grid for safe, reliable infrastructure that supports growth in Texas and paves the way for integrating more renewable resources and transitioning to emissions-free generation in New Mexico."

GUIDANCE:

PNM Resources sees FY2020 EPS of $2.16-$2.26, versus the consensus of $2.22.

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



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