PNM Resources showed its usual stability in the third quarter results. The company continues on its plan to retire coal-fired power plants, although it is questionable how exactly it will replace the capacity.

PNM Resources: Resource Troubles, Uncertain Direction, And Overvaluation

PNM Resources' (PNM) third-quarter earnings come in better than expected on strong performance of its PNM and TNMP segments.

PNM Resources (PNM) Q3 Earnings Top Estimates,'22 View Raised

PNM Resources, Inc. (NYSE:PNM ) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Lisa Goodman - Executive Director of Investor Relations Pat Vincent-Collawn - Chairman & Chief Executive Officer Don Tarry - President & Chief Operating Officer Lisa Eden - Senior Vice President & Chief Financial Officer Conference Call Participants Ryan Levine - Citi Jonathan Reeder - Wells Fargo Julien Dumoulin-Smith - Bank of America Operator Good day and welcome to the PNM Resources Third Quarter 2022 Conference Call. [Operator Instructions] Please note, this event is being recorded.

PNM Resources, Inc. (PNM) Q3 2022 Earnings Call Transcript

Total Q3 earnings of Utility stocks are expected to decline 8.4% year over year, while revenues are likely to improve 7.9%. D, PNM, DUK & PPL are due to post their numbers tomorrow.

Utility Stocks' Q3 Earnings to Watch on Nov 4: D, PNM & More

ALBUQUERQUE, N.M. , Oct. 14, 2022 /PRNewswire/ -- PNM Resources (NYSE: PNM) will announce 2022 third quarter financial results prior to the market opening on Friday, November 4, 2022.

PNM Resources to Announce 2022 Third Quarter Earnings on November 4

PNM Resources (PNM) is poised for growth with consistent investments, strong liquidity and initiatives for lowering emissions. However, a delay in merger and regulations are headwinds.

PNM Resources (PNM) Gains on Investment Amid Regulations

PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distribution lines, and 250 substations. The segment also owns and leases communication, office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2021, the segment owned 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 806,000 residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico.