PNM Resources, Inc. (PNM) said the company is raising its 2020 ongoing earnings guidance to $2.23 - $2.31, targeting a midpoint of $2.27, compared to its prior guidance range of $2.16 - $2.26. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.20. Analysts' estimates typically exclude special items.

Create Account

Dark

chart

exchange

Check out our Dark Pool Levels

PNM Resources, Inc. (PNM) said the company is raising its 2020 ongoing earnings guidance to $2.23 - $2.31, targeting a midpoint of $2.27, compared to its prior guidance range of $2.16 - $2.26. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.20. Analysts' estimates typically exclude special items.

RTTNews | Oct 1, 2020 06:51AM EDT

06:51 Thursday, October 1, 2020 (RTTNews.com) - PNM Resources, Inc. (PNM) said the company is raising its 2020 ongoing earnings guidance to $2.23 - $2.31, targeting a midpoint of $2.27, compared to its prior guidance range of $2.16 - $2.26. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.20. Analysts' estimates typically exclude special items.

The company said the guidance increase reflects higher residential loads resulting from COVID-19 and hotter summer temperatures, along with interest savings from the refinancing of debt in 2020 that will benefit customers long-term.

Read the original article on RTTNews ( https://www.rttnews.com/3132997/pnm-resources-raises-2020-ongoing-earnings-guidance-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved