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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) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Sales 488,100 436,880 412,110 505,850 477,160
Sales Growth +11.72% +6.01% -18.53% +6.01% -12.30%
Net Income 48,180 47,320 -50,090 37,860 45,440
Net Income Growth +1.82% +194.47% -232.30% -16.68% -17.61%
(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Total Assets 10,583,410 10,257,650 10,252,610 10,050,840 9,626,970
Total Assets Growth +3.18% +0.05% +2.01% +4.40% +2.93%
Total Liabilities 8,120,200 7,841,390 7,842,030 7,752,930 7,301,850
Total Liabilities Growth +3.56% -0.01% +1.15% +6.18% +3.18%
(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Operating Cash Flow 169,520 92,820 551,170 412,600 242,440
Operating Cash Flow Growth +82.63% -83.16% +33.58% +70.19% +84.37%
Net Cash Flow 16,380 7,970 -140 3,690 3,560
Change in Net Cash Flow +105.52% +5,792.86% -103.79% +3.65% +7,019.86%
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