PNM Resources (PNM) Affirms 2020 EPS Guidance

PNM Resources (NYSE: PNM) today affirms its 2020 ongoing earnings guidance range of $2.16 to $2.26, targeting the midpoint of this range. During the second quarter, reductions to load related to COVID-19 were offset by warmer than normal temperatures across New Mexico and Texas.

(*Consensus sees FY EPS of $2.18)

PNM Resources will announce 2020 second quarter financial results prior to the market open on July 31, 2020. The earnings news release will be issued at 6:30 a.m. Eastern and also will be posted on the company's website at www.PNMResources.com. Management will host a live conference call at 11 a.m. Eastern to discuss financial results and other company updates.

During the conference call, management will highlight the company's strategic focus on investing to strengthen infrastructure and meet the requirements of increasing system renewables and the use of grid technology for reliability. Additionally, the company plans to discuss enhancing its goals in support of a clean energy future as part of its commitment to an Environmental, Social and Governance (ESG) strategy.

Investors and analysts can participate in the live conference call by pre-registering using the following link to receive a special dial-in number and PIN: http://dpregister.com/10145798.

Telephone participants who are unable to pre-register may participate in the live conference call by dialing (877) 276-8648 or (412) 317-5474 fifteen minutes prior to the event and referencing "the PNM Resources second quarter conference call." Listeners are encouraged to visit the website at least 30 minutes before the event to register, download and install any necessary audio software.A live webcast of the call will be available at http://www.pnmresources.com/investors/events.cfm.

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