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PNM Resources Inc (PNM)

PNM Resources Inc (PNM)
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PNM Resources is engaged in the distribution of energy and energy-related businesses in the United States. It operates through 2 segments: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment includes the retail electric utility operations of the company. PNM provides integrated electricity services that include the generation, transmission and distribution of electricity for retail electric customers in New Mexico. The segment is also engaged in generation and sale of electricity into the wholesale market as well as providing transmission services to third parties. TNMP is a regulated utility operating segment, which provides transmission and distribution services in Texas. It also owns and leases vehicles, service facilities as well as office locations throughout its service territory. The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company.
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 1,939,200 2,249,560 1,779,870 1,523,010 1,457,600
Sales Growth -13.80% +26.39% +16.87% +4.49% +1.46%
Net Income 88,350 170,060 196,360 173,300 77,890
Net Income Growth -48.05% -13.39% +13.31% +122.49% -9.61%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 10,252,610 9,257,380 8,666,890 7,939,850 7,298,770
Total Assets Growth +10.75% +6.81% +9.16% +8.78% +6.31%
Total Liabilities 7,842,030 7,000,920 6,432,430 5,819,850 5,545,500
Total Liabilities Growth +12.01% +8.84% +10.53% +4.95% +8.70%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow 551,170 567,280 392,450 485,700 503,160
Operating Cash Flow Growth -2.84% +44.55% -19.20% -3.47% +17.50%
Net Cash Flow -140 2,970 -31,430 44,100 1,710
Change in Net Cash Flow -104.71% +109.45% -171.27% +2,478.95% +192.43%
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