|
PNM Resources Reports Third Quarter Results 2015 Earnings Guidance Narrowed, Conference call set for 11 a.m. Eastern today
ALBUQUERQUE, N.M., Oct. 30, 2015 /PRNewswire/ --
|
PNM Resources (In millions, except EPS)
|
|
Q3 2015
|
Q3 2014
|
|
YTD 2015
|
YTD 2014
|
|
GAAP net earnings
|
$61.0
|
$55.7
|
|
$107.1
|
$97.3
|
|
GAAP diluted EPS
|
$0.76
|
$0.69
|
|
$1.34
|
$1.21
|
|
Ongoing net earnings
|
$60.9
|
$54.5
|
|
$112.8
|
$100.1
|
|
Ongoing diluted EPS
|
$0.76
|
$0.68
|
|
$1.41
|
$1.25
|
PNM Resources (NYSE: PNM) today released the company's 2015 third quarter earnings results. The Company also today narrowed the 2015 consolidated earnings guidance range to $1.56 to $1.61 per diluted share from the previously stated range of $1.50 to $1.62.
"Based on the solid financial results from the third quarter, we are narrowing our guidance range for the year," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "While making progress on key regulatory matters, we remain focused on meeting our customers' day-to-day electricity demands with reliable, affordable and environmentally responsible power both today and in the future."
SEGMENT REPORTING OF 2015 THIRD QUARTER AND YEAR TO DATE EARNINGS
PNM – a vertically integrated electric utility in New Mexico with distribution, transmission and generation assets.
|
PNM (In millions, except EPS)
|
|
Q3 2015
|
Q3 2014
|
|
YTD 2015
|
YTD 2014
|
|
GAAP net earnings
|
$49.2
|
$45.2
|
|
$80.6
|
$73.0
|
|
GAAP diluted EPS
|
$0.61
|
$0.56
|
|
$1.01
|
$0.91
|
|
Ongoing net earnings
|
$48.0
|
$44.0
|
|
$84.2
|
$75.6
|
|
Ongoing diluted EPS
|
$0.60
|
$0.55
|
|
$1.05
|
$0.94
|
- In the third quarter, PNM's ongoing earnings benefitted from AFUDC, warmer weather, the half-priced Palo Verde Unit 1 leases, renewable rate relief, income from refined coal, and gains from the Palo Verde Nuclear Decommissioning Trust. These were partially offset by decreased load, plant outage costs, employee medical cost increases, depreciation and property tax expenses and higher interest expense.
TNMP – an electric transmission and distribution utility in Texas.
|
TNMP (In millions, except EPS)
|
|
Q3 2015
|
Q3 2014
|
|
YTD 2015
|
YTD 2014
|
|
GAAP net earnings
|
$13.7
|
$12.4
|
|
$33.2
|
$28.7
|
|
GAAP diluted EPS
|
$0.17
|
$0.15
|
|
$0.41
|
$0.36
|
|
Ongoing net earnings
|
$13.7
|
$12.4
|
|
$33.2
|
$28.7
|
|
Ongoing diluted EPS
|
$0.17
|
$0.15
|
|
$0.41
|
$0.36
|
- In the third quarter, TNMP's ongoing earnings benefitted from transmission rate relief, increased load, and warmer weather, which were partially offset by higher depreciation and property tax expenses resulting from additional capital investments.
Corporate and Other – a segment that reflects costs at the PNM Resources holding company, mainly comprised of interest expense related to debt.
|
Corporate and Other (In millions, except EPS)
|
|
Q3 2015
|
Q3 2014
|
YTD 2015
|
YTD 2014
|
|
GAAP net earnings (loss)
|
($1.9)
|
($1.9)
|
($6.8)
|
($4.4)
|
|
GAAP diluted EPS
|
($0.02)
|
($0.02)
|
($0.08)
|
($0.05)
|
|
Ongoing net earnings (loss)
|
($0.7)
|
($1.9)
|
($4.6)
|
($4.2)
|
|
Ongoing diluted EPS
|
($0.01)
|
($0.02)
|
($0.05)
|
($0.05)
|
- Corporate and Other benefitted from a net improvement in interest expense related to the retirement of long-term debt in May 2015.
Financial materials are available at http://www.pnmresources.com/investors/results.cfm.
THIRD QUARTER CONFERENCE CALL: 11 AM EASTERN TODAY
PNM Resources will discuss third quarter earnings results during a live conference call and webcast today at 11 a.m. Eastern. Speaking on the call will be Pat Vincent-Collawn, PNM Resources chairman, president and CEO, and Chuck Eldred, PNM Resources executive vice president and CFO.
A live webcast of the call will be archived at http://www.pnmresources.com/investors/events.cfm. Listeners are encouraged to visit the website at least 30 minutes before the event to register, download and install any necessary audio software.
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/10074419. 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 third quarter conference call."
Supporting material for PNM Resources' earnings announcements can be viewed and downloaded at http://www.pnmresources.com/investors/results.cfm.
Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2014 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,707 megawatts of generation capacity and provides electricity to more than 753,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.
|
CONTACTS:
|
|
|
Analysts
|
Media
|
|
Jimmie Blotter
|
Pahl Shipley
|
|
(505) 241-2227
|
(505) 241-2782
|
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release that relate to future events or PNM Resources' ("PNMR"), Public Service Company of New Mexico's ("PNM"), or Texas-New Mexico Power Company's ("TNMP") (collectively, the "Company") expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.
Non-GAAP Financial Measures
The Company uses ongoing earnings and ongoing earnings per diluted share (or ongoing diluted earnings per share) to evaluate the operations of the Company and to establish goals for management and employees. While the Company believes these financial measures are appropriate and useful for investors, they are not measures presented in accordance with generally accepted accounting principles in the U.S. ("GAAP"). The Company does not intend for these measures, or any piece of these measures, to represent any financial measure as defined by GAAP. Furthermore, the Company's calculations of these measures as presented may or may not be comparable to similarly titled measures used by other companies. The Company uses ongoing earnings guidance to provide investors with management's expectations of ongoing financial performance over the period presented. While the Company believes ongoing earnings guidance is an appropriate measure, it is not a measure presented in accordance with GAAP. The Company does not intend for ongoing earnings guidance to represent an expectation of net earnings as defined by GAAP. Management is generally not able to estimate the impact of the reconciling items between ongoing earnings guidance and forecasted GAAP net earnings, nor their probable impact on GAAP net earnings; therefore, management is generally not able to provide a corresponding GAAP equivalent for earnings guidance.
|
PNM Resources, Inc. and Subsidiaries
Schedule 1
Reconciliation of GAAP to Ongoing Earnings
(Preliminary and Unaudited)
|
|
|
PNM
|
|
TNMP
|
|
Corporate
and Other
|
|
Consolidated
|
|
(in thousands)
|
|
Three Months Ended September 30, 2015
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
49,246
|
|
|
$
|
13,689
|
|
|
$
|
(1,890)
|
|
|
$
|
61,045
|
|
|
Adjusting items, net of income tax effects
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges1
|
(2,964)
|
|
|
—
|
|
|
—
|
|
|
(2,964)
|
|
|
Net change in unrealized impairments of available-for-sale securities2
|
1,488
|
|
|
—
|
|
|
—
|
|
|
1,488
|
|
|
State tax credit and NOL impairment5
|
233
|
|
|
—
|
|
|
1,143
|
|
|
1,376
|
|
|
Total Adjustments
|
(1,243)
|
|
|
—
|
|
|
1,143
|
|
|
(100)
|
|
|
Ongoing Earnings (Loss)
|
$
|
48,003
|
|
|
$
|
13,689
|
|
|
$
|
(747)
|
|
|
$
|
60,945
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2015
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
80,618
|
|
|
$
|
33,248
|
|
|
$
|
(6,808)
|
|
|
$
|
107,058
|
|
|
Adjusting items, net of income tax effects
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges3
|
760
|
|
|
—
|
|
|
—
|
|
|
760
|
|
|
Net change in unrealized impairments of available-for-sale securities2
|
1,954
|
|
|
—
|
|
|
—
|
|
|
1,954
|
|
|
New Mexico corporate income tax rate change5
|
(470)
|
|
|
—
|
|
|
(203)
|
|
|
(673)
|
|
|
Regulatory disallowances4
|
1,061
|
|
|
—
|
|
|
—
|
|
|
1,061
|
|
|
State tax credit and NOL impairment5
|
891
|
|
|
—
|
|
|
1,486
|
|
|
2,377
|
|
|
(Gain) loss related to previously disposed of activities6
|
(660)
|
|
|
—
|
|
|
905
|
|
|
245
|
|
|
Total Adjustments
|
3,536
|
|
|
—
|
|
|
2,188
|
|
|
5,724
|
|
|
Ongoing Earnings (Loss)
|
$
|
84,154
|
|
|
$
|
33,248
|
|
|
$
|
(4,620)
|
|
|
$
|
112,782
|
|
|
|
2015 income tax effects calculated using tax rates of 35.00% for TNMP and 39.19% for other segments.
|
|
|
|
|
|
|
|
|
|
|
The impacts of adjusting items are reflected on the GAAP Condensed Consolidated Statement of Earnings as follows:
|
|
1Pre-tax7 impacts reflected as $4,719 thousand increase in "Electric Operating Revenues" and $158 thousand reduction in "Cost of energy"
|
|
2Pre-tax7 impact reflected in "Gains on available-for-sale securities"
|
|
3Pre-tax7 impacts reflected as $1,300 thousand reduction in "Electric Operating Revenues" and $49 thousand reduction in "Cost of energy"
|
|
4Pre-tax7 impact reflected in "Regulatory disallowances"
|
|
5Impact reflected in "Income Taxes"
|
|
6Pre-tax7 impacts reflected as $1,086 thousand increase in "Other income", $291 thousand increase in "Taxes other than income taxes", $74 thousand increase in "Interest charges", and $1,122 thousand increase in "Other deductions"
|
|
7Tax impacts reflected in "Income Taxes"
|
|
PNM Resources, Inc. and Subsidiaries
Schedule 2
Reconciliation of GAAP to Ongoing Earnings
(Preliminary and Unaudited)
|
|
|
PNM
|
|
TNMP
|
|
Corporate
and Other
|
|
Consolidated
|
|
(in thousands)
|
|
Three Months Ended September 30, 2014
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
45,219
|
|
|
$
|
12,355
|
|
|
$
|
(1,921)
|
|
|
$
|
55,653
|
|
|
Adjusting items, net of income tax effects
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges1
|
(1,972)
|
|
|
—
|
|
|
—
|
|
|
(1,972)
|
|
|
Net change in unrealized impairments of available-for-sale securities2
|
791
|
|
|
—
|
|
|
—
|
|
|
791
|
|
|
Total Adjustments
|
(1,181)
|
|
|
—
|
|
|
—
|
|
|
(1,181)
|
|
|
Ongoing Earnings (Loss)
|
$
|
44,038
|
|
|
$
|
12,355
|
|
|
$
|
(1,921)
|
|
|
$
|
54,472
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2014
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
72,976
|
|
|
$
|
28,691
|
|
|
$
|
(4,405)
|
|
|
$
|
97,262
|
|
|
Adjusting items, net of income tax effects
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges5
|
(41)
|
|
|
—
|
|
|
—
|
|
|
(41)
|
|
|
Net change in unrealized impairments of available-for-sale securities2
|
517
|
|
|
—
|
|
|
—
|
|
|
517
|
|
|
New Mexico corporate income tax rate change6
|
—
|
|
|
—
|
|
|
241
|
|
|
241
|
|
|
Process improvement initiatives3
|
1,115
|
|
|
34
|
|
|
—
|
|
|
1,149
|
|
|
San Juan Coal Company audit arbitration4
|
1,015
|
|
|
—
|
|
|
—
|
|
|
1,015
|
|
|
Total Adjustments
|
2,606
|
|
|
34
|
|
|
241
|
|
|
2,881
|
|
|
Ongoing Earnings (Loss)
|
$
|
75,582
|
|
|
$
|
28,725
|
|
|
$
|
(4,164)
|
|
|
$
|
100,143
|
|
|
|
2014 income tax effects calculated using tax rates of 35.00% for TNMP and 39.42% for other segments.
|
|
|
|
|
|
|
|
|
|
|
The impacts of adjusting items are reflected on the GAAP Condensed Consolidated Statement of Earnings as follows:
|
|
1Pre-tax7 impacts reflected as $3,227 thousand increase in "Electric Operating Revenues" and $28 thousand reduction in "Cost of energy"
|
|
2Pre-tax7 impact reflected in "Gains on available-for-sale securities"
|
|
3Pre-tax7 impact reflected in "Administrative and general"
|
|
4Pre-tax7 impact reflected in "Cost of energy"
|
|
5Pre-tax7 impacts reflected as $138 thousand reduction in "Electric Operating Revenues" and $205 thousand reduction in "Cost of energy"
|
|
6Impact reflected in "Income Taxes"
|
|
7Tax impacts reflected in "Income Taxes"
|
|
PNM Resources, Inc. and Subsidiaries
Schedule 3
Reconciliation of GAAP to Ongoing Earnings Per Diluted Share
(Preliminary and Unaudited)
|
|
|
PNM
|
|
TNMP
|
|
Corporate
and Other
|
|
Consolidated
|
|
(per diluted share)
|
|
Three Months Ended September 30, 2015
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
0.61
|
|
|
$
|
0.17
|
|
|
$
|
(0.02)
|
|
|
$
|
0.76
|
|
|
Adjusting items
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges
|
(0.04)
|
|
|
—
|
|
|
—
|
|
|
(0.04)
|
|
|
Net change in unrealized impairments of available-for-sale securities
|
0.02
|
|
|
—
|
|
|
—
|
|
|
0.02
|
|
|
State tax credit and NOL impairment
|
0.01
|
|
|
—
|
|
|
0.01
|
|
|
0.02
|
|
|
Total Adjustments
|
(0.01)
|
|
|
—
|
|
|
0.01
|
|
|
—
|
|
|
Ongoing Earnings (Loss)
|
$
|
0.60
|
|
|
$
|
0.17
|
|
|
$
|
(0.01)
|
|
|
$
|
0.76
|
|
|
Average Diluted Shares Outstanding: 80,115,665
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2015
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
1.01
|
|
|
$
|
0.41
|
|
|
$
|
(0.08)
|
|
|
$
|
1.34
|
|
|
Adjusting items
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges
|
0.01
|
|
|
—
|
|
|
—
|
|
|
0.01
|
|
|
Net change in unrealized impairments of available-for-sale securities
|
0.02
|
|
|
—
|
|
|
—
|
|
|
0.02
|
|
|
New Mexico corporate income tax rate change
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Regulatory disallowances
|
0.01
|
|
|
—
|
|
|
—
|
|
|
0.01
|
|
|
State tax credit and NOL impairment
|
0.01
|
|
|
—
|
|
|
0.02
|
|
|
0.03
|
|
|
(Gain) loss related to previously disposed of activities
|
(0.01)
|
|
|
—
|
|
|
0.01
|
|
|
—
|
|
|
Total Adjustments
|
0.04
|
|
|
—
|
|
|
0.03
|
|
|
0.07
|
|
|
Ongoing Earnings (Loss)
|
$
|
1.05
|
|
|
$
|
0.41
|
|
|
$
|
(0.05)
|
|
|
$
|
1.41
|
|
|
Average Diluted Shares Outstanding: 80,133,925
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PNM Resources, Inc. and Subsidiaries
Schedule 4
Reconciliation of GAAP to Ongoing Earnings Per Diluted Share
(Preliminary and Unaudited)
|
|
|
PNM
|
|
TNMP
|
|
Corporate
and Other
|
|
Consolidated
|
|
(per diluted share)
|
|
Three Months Ended September 30, 2014
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
0.56
|
|
|
$
|
0.15
|
|
|
$
|
(0.02)
|
|
|
$
|
0.69
|
|
|
Adjusting items
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges
|
(0.02)
|
|
|
—
|
|
|
—
|
|
|
(0.02)
|
|
|
Net change in unrealized impairments of available-for-sale securities
|
0.01
|
|
|
—
|
|
|
—
|
|
|
0.01
|
|
|
Total Adjustments
|
(0.01)
|
|
|
—
|
|
|
—
|
|
|
(0.01)
|
|
|
Ongoing Earnings (Loss)
|
$
|
0.55
|
|
|
$
|
0.15
|
|
|
$
|
(0.02)
|
|
|
$
|
0.68
|
|
|
Average Diluted Shares Outstanding: 80,223,101
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2014
|
|
|
|
|
|
|
|
|
GAAP Net Earnings (Loss) Attributable to PNMR:
|
$
|
0.91
|
|
|
$
|
0.36
|
|
|
$
|
(0.05)
|
|
|
$
|
1.21
|
|
|
Adjusting items
|
|
|
|
|
|
|
|
|
Mark-to-market impact of economic hedges
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Net change in unrealized impairments of available-for-sale securities
|
0.01
|
|
|
—
|
|
|
—
|
|
|
0.01
|
|
|
New Mexico corporate income tax rate change
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Process improvement initiatives
|
0.01
|
|
|
—
|
|
|
—
|
|
|
0.01
|
|
|
San Juan Coal Company audit arbitration
|
0.01
|
|
|
—
|
|
|
—
|
|
|
0.01
|
|
|
Total Adjustments
|
0.03
|
|
|
—
|
|
|
—
|
|
|
0.03
|
|
|
Ongoing Earnings (Loss)
|
$
|
0.94
|
|
|
$
|
0.36
|
|
|
$
|
(0.05)
|
|
|
$
|
1.25
|
|
|
Average Diluted Shares Outstanding: 80,279,154
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tables may not appear visually accurate due to rounding.
|
|
PNM Resources, Inc. and Subsidiaries
Schedule 5
Condensed Consolidated Statement of Earnings
(Preliminary and Unaudited)
|
|
|
Three Months Ended
September 30,
|
|
Nine Months Ended
September 30,
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
(In thousands, except per share amounts)
|
|
Electric Operating Revenues
|
$
|
417,433
|
|
|
$
|
413,951
|
|
|
$
|
1,103,187
|
|
|
$
|
1,089,008
|
|
|
Operating Expenses:
|
|
|
|
|
|
|
|
|
Cost of energy
|
124,255
|
|
|
132,499
|
|
|
353,939
|
|
|
354,532
|
|
|
Administrative and general
|
46,375
|
|
|
42,190
|
|
|
130,161
|
|
|
131,283
|
|
|
Energy production costs
|
42,168
|
|
|
43,287
|
|
|
129,627
|
|
|
136,422
|
|
|
Regulatory disallowances
|
—
|
|
|
—
|
|
|
1,744
|
|
|
—
|
|
|
Depreciation and amortization
|
47,503
|
|
|
44,295
|
|
|
139,013
|
|
|
128,424
|
|
|
Transmission and distribution costs
|
16,768
|
|
|
16,884
|
|
|
50,123
|
|
|
49,857
|
|
|
Taxes other than income taxes
|
18,859
|
|
|
17,997
|
|
|
55,093
|
|
|
51,641
|
|
|
Total operating expenses
|
295,928
|
|
|
297,152
|
|
|
859,700
|
|
|
852,159
|
|
|
Operating income
|
121,505
|
|
|
116,799
|
|
|
243,487
|
|
|
236,849
|
|
|
Other Income and Deductions:
|
|
|
|
|
|
|
|
|
Interest income
|
1,151
|
|
|
2,084
|
|
|
4,842
|
|
|
6,241
|
|
|
Gains on available-for-sale securities
|
2,536
|
|
|
962
|
|
|
12,116
|
|
|
8,234
|
|
|
Other income
|
6,165
|
|
|
2,895
|
|
|
16,844
|
|
|
7,648
|
|
|
Other (deductions)
|
(3,222)
|
|
|
(2,084)
|
|
|
(10,591)
|
|
|
(7,185)
|
|
|
Net other income and deductions
|
6,630
|
|
|
3,857
|
|
|
23,211
|
|
|
14,938
|
|
|
Interest Charges
|
27,528
|
|
|
30,115
|
|
|
86,714
|
|
|
89,621
|
|
|
Earnings before Income Taxes
|
100,607
|
|
|
90,541
|
|
|
179,984
|
|
|
162,166
|
|
|
Income Taxes
|
35,752
|
|
|
31,055
|
|
|
61,621
|
|
|
53,368
|
|
|
Net Earnings
|
64,855
|
|
|
59,486
|
|
|
118,363
|
|
|
108,798
|
|
|
(Earnings) Attributable to Valencia Non-controlling Interest
|
(3,678)
|
|
|
(3,701)
|
|
|
(10,909)
|
|
|
(11,140)
|
|
|
Preferred Stock Dividend Requirements of Subsidiary
|
(132)
|
|
|
(132)
|
|
|
(396)
|
|
|
(396)
|
|
|
Net Earnings Attributable to PNMR
|
$
|
61,045
|
|
|
$
|
55,653
|
|
|
$
|
107,058
|
|
|
$
|
97,262
|
|
|
Net Earnings Attributable to PNMR per Common Share:
|
|
|
|
|
|
|
|
|
Basic
|
$
|
0.77
|
|
|
$
|
0.70
|
|
|
$
|
1.34
|
|
|
$
|
1.22
|
|
|
Diluted
|
$
|
0.76
|
|
|
$
|
0.69
|
|
|
$
|
1.34
|
|
|
$
|
1.21
|
|
|
Dividends Declared per Common Share
|
$
|
0.200
|
|
|
$
|
0.185
|
|
|
$
|
0.600
|
|
|
$
|
0.555
|
|
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pnm-resources-reports-third-quarter-results-300169356.html
SOURCE PNM Resources
Source: PR Newswire
(October 30, 2015 - 6:30 AM EDT)
News by QuoteMedia
www.quotemedia.com
|
