PNMXO PNM Resources Inc featured news, full reports, and detailed charts
PNM Resources Inc (PNMXO/PNMXO.PK) Wrap Up:
PNM Resources, Inc. and its subsidiaries operate in energy and energy-related businesses. It primarily engages in the generation, transmission, and distribution of electricity; and focuses on the sale and marketing of electricity in the western United States and New Mexico. The company also provides regulated transmission and distribution services. As of December 31, 2007, PNM Resources had a generation capacity of approximately 2,205 megawatts. It provides electricity primarily to residential, commercial, and industrial customers. The company was founded in 1917 and is based in Albuquerque, New Mexico.www.pnmresources.com
2,864 Employees
Founded in 1917
Public Service Company of New Mexico (PNMXO:OTC)
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Market Cap
954.3M
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Total Revenue
1.7B
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EBITDA
335.0M
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DILUTED EPS TTM
-0.15
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P/E
--
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P/S
0.6x
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Return On Asset
1.68
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Return On Equity
-0.75
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| K = Thousands M = Millions B = Billions | ||
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PNMXO Top Compensated Officers
Mr. Jeffry E. Sterba
Chairman, Chief Executive Officer, Director o...
Age: 53
Total Annual Compensation: $830.3K
Ms. Patricia K. Collawn
President and Chief Operating Officer
Age: 50
Total Annual Compensation: $440.0K
Mr. Charles N. Eldred
Chief Financial Officer and Executive Vice Pr...
Age: 55
Total Annual Compensation: $419.2K
Ms. Alice A. Cobb
Chief Administrative Officer and Senior Vice ...
Age: 61
Total Annual Compensation: $292.0K
Mr. Patrick T. Ortiz
Senior Vice President, General Counsel and Se...
Age: 58
Total Annual Compensation: $268.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Public Service Company of New Mexico (PNMXO)
PNM Resources Inc. - Conference Presentation Call
10/29/2009
PNM Resources Inc. - Conference Presentation Calls
PNM Resources Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Revised Earnings Guidance for the Year 2009
10/29/2009
PNM Resources Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted consolidated GAAP earnings of $54.2 million, or $0.59 per diluted share, compared with losses of $5.5 million, or $0.06 per diluted share, in 2008. Unaudited, consolidated ongoing quarterly earnings were $57.8 million, or $0.63 per diluted share, compared with $23.6 million, or $0.27 per diluted share, in 2008. Total operating revenues were $477.72 million compared to $607.07 million for the same period a year ago. Operating income was $101.53 million compared to $33.66 million for the same period a year ago. EBIT was $89.5 million compared to LBIT of $4.3 million for the same period a year ago. Earnings from continuing operations were $58.22 million compared to loss from continuing operations of $1.26 million for the same period a year ago. For the first nine months of 2009, the company has reported unaudited consolidated GAAP earnings of $147.5 million, or $1.61 per diluted share compared with losses of $197.6 million, or $2.42 per diluted share, in 2008. GAAP results in 2009 reflect various non-recurring items recorded primarily in the first quarter, including the $71.7 million after-tax gain from the sale of the company's natural gas operations. Total operating revenues were $1,264.7 million compared to $1,551.8 million for the same period a year ago. Operating income was $156.3 million compared to operating loss of $148.0 million for the same period a year ago. EBIT was $115.8 million compared to LBIT of $272.9 million for the same period a year ago. Earnings from continuing operations were $78.04 million compared to loss from continuing operations of $217.38 million for the same period a year ago. Net cash flows from operating activities was $84.87 million compared to $64.44 million for the same period a year ago. Purchases of investments held by NDT were $90.92 million compared to $106.43 million for the same period a year ago. The company has updated its 2009 earnings outlook range. Management now expects ongoing earnings to be in the range of $0.76 to $0.81 per diluted share. The previous range was $0.40 to $0.55 per diluted share. The increase in the range was driven largely by First Choice Power's financial performance.
PNM Resources Inc. - Conference Presentation Call
09/21/2009
PNM Resources Inc. - Conference Presentation Calls
PNMXO Competitors
| Company | Last | Change |
| Avista Corp | $20.22 USD | +0.22 |
| Black Hills Corp | $23.54 USD | -0.04 |
| NorthWestern Corp | $25.10 USD | +0.02 |
| Portland General Electric Co | $19.39 USD | +0.01 |
| UniSource Energy Corp | $29.53 USD | +0.09 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PNMXO | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.6x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 4.3x |
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| TEV/Sales | NM | Not Meaningful |
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PNMXO |
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PNMXO transactions
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| No transactions in the last 6 months. | ||
More Recent News About PNM Resources Inc
More news for PNMXO
PUBLIC SERVICE CO OF NEW MEXICO Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Nonprofit ARCA’s greenhouses go solar
An Albuquerque nonprofit has converted its greenhouses to solar, thanks to the fundraising efforts of a group of young philanthropists. ARCA serves people with developmental disabilities and operates six greenhouses in Corrales. Four are dedicated to its La Paloma program, where the nonprofit trains clients in work skills while growing more than 15,000 geraniums and pointsettias each year for sale. The other two greenhouses are used by ARCA Organics, a social enterprise that produces organic wheatgrass, pet grass and produce that it sells to Keva Juice, Intel Corp., local health food stores, pet shops and through the Corrales Growers Market. Jim Douglas, ARCA Organics division director, said Public Service Co. of New Mexico representatives toured the facility earlier this year and Marlene Brown, president of the New Mexico Solar Energy Association, was part of the visit. She started a conversation with the nonprofit about putting in solar. The association offered to provide the volunteer labor, but ARCA had to raise $30,000. A group of young people, ranging in age from 8 to 12 years of age, took the lead, aiming to raise $500. Randall and Maya Pi...Click here to read the whole Article (external link)
PUBLIC SERVICE CO OF NEW MEXICO Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management's Discussion and Analysis of Financial Condition and Results of Operations for PNMR is presented on a combined basis, including certain information applicable to PNM and TNMP. The MD&A for PNM and TNMP is presented as permitted by Form 10-Q General Instruction H (2). For discussion purposes, this report will use the term "Company" when discussing matters of common applicability to PNMR, PNM and TNMP. A reference to a "Note" in this Item 2 refers to the accompanying Notes to Condensed Consolidated Financial Statements (Unaudited) included in Item 1, unless otherwise specified. Certain tables below may not appear visually accurate due to rounding. MD&A FOR PNMR BUSINESS AND STRATEGY Overview The overall strategy of PNMR is to "Build America's Best Merchant Utility" through concentrated effort on its core regulated and unregulated electric businesses. PNM sold its gas operations on January 30, 2009 and is now positioned to focus on its electric businesses. Critical to PNMR's success for the foreseeable future is the financial health of PNM, PNMR's largest subsidiary, which is highly dependent on continued favorable regulatory treatment. As discussed in Note 10, on September 22, 2008, PNM filed its 2008 Electric Rate Case requesting the NMPRC to approve an increase in electric service rates to all PNM retail customers except those formerly served by TNMP. The proposed rates were designed to increase annual operating revenue by $123.3 million. PNM also proposed a more customary FPPAC. In June 2009, the NMPRC approved a stipulation resolving all issues in the rate case, including the inclusion of additional sources of power in determining rates. The approved stipulation allows for an increase in annual non-fuel revenues of $77.1 million, 65% of which was implement...Click here to read the whole Article (external link)
PNM reports strong Q3 earnings
PNM Resources reported $57.8 million in ongoing earnings, or 63 cents per diluted share, in the third quarter of 2009. That’s a sharp increase from Q3 2008, when the New Mexico company recorded $23.6 million in ongoing earnings, or 27 cents per diluted share. The utility holding company’s finances have steadily improved since January. PNM reported only $9.3 million in ongoing earnings in the first quarter of this year, and $19.4 million in the second quarter. For the first nine months of 2009, the company saw a total of $86.4 million in ongoing earnings, or 94 cents per diluted share. That compares to $19.3 million, or 24 cents per diluted share, in the first nine months of 2008. Ongoing earnings exclude one-time gains and charges. When non-recurring items are included, the company earned $54.2 million in the third quarter, and $147.5 million for the first nine months of the year. That compares to $5.5 million in losses in third-quarter 2008, and $197.6 million in losses in the first nine months of last year. Earnings this year were boosted by a non-recurring, after-tax gain of $71.1 million from sale of the company’s natural gas operations. New electric rates and a fuel and purchased power cost adjustment clause for Public Service Co. of New Mexico also improved the holding company’s finances, as did better performance and a reduction in bad credit at First Choice Power, a PNM subsidiary in Texas. PNM Resourcces is headquartered in Albuquerque. “Early las...Click here to read the whole Article (external link)
PUBLIC SERVICE CO OF NEW MEXICO Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
Item 2.02 Results of Operations and Financial Condition. On October 29, 2009, PNM Resources, Inc. (the "Company") issued a press release announcing its unaudited results of operations for the three and nine months ended September 30, 2009. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The Company's press release and other communications from time to time may include certain non-Generally Accepted Accounting Principles ("GAAP") financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the Company's financial statements. Non-GAAP financial measures utilized by the Company include presentations of revenues, operating expenses, operating income, other income and deductions, net earnings (loss), earnings (loss) per share, cash earnings and earnings before interest, taxes, depreciation and amortization ("EBITDA"). The Company uses ongoing earnings (loss), ongoing earnings (loss) per diluted share (or ongoing diluted earnings (loss) per share), cash earnings, ongoing EBITDA, and EBITDA to evaluate the operations of the Company and to establish goals for management and employees. Certain non-GAAP financial measures utilized by the Company exclude the impact of non-recurring items, net unrealized mark-to-market gains and losses on economic hedges, impairments of intangible assets, unrealized impairments on assets held in trusts for nuclear decommissioning, and the results of speculative trading. The Company's management believes that these non-GAAP financial measures provide useful information to investors by removing the effect of variances in GAAP reported results of operations that are not indicative of fundamental changes in the earnings ca...Click here to read the whole Article (external link)
PRC examiner supports third party power arrangements
New Mexico Public Regulation Commission Hearing Examiner Carolyn Glick has recommended that the Commission uphold the legality of third-party power agreements. Public Service Co. of New Mexico had filed a brief in July requesting that the PRC outlaw such arrangements in its service territory. The issue arose after the city of Santa Fe contracted with Maryland-based SunEdison LLC to install photovoltaic systems on government buildings in return for payment by the city for all solar power generated. The arrangement would allow the city to produce and consume clean energy while avoiding the high cost of purchasing, installing and maintaining a solar system. SunEdison, in turn, would earn a return on its investment by taking advantage of federal and state solar tax breaks that the city can’t access because it doesn’t pay taxes. But PNM argued that, as a publicly regulated utility, such arrangements are prohibited in its service area because it constitutes retail competition. Dozens of other parties filed opposing briefs, including the cities of Santa Fe and Las Cruces, as well as 26 state legislators, the Santa Fe Board of County Commissioners, the Interstate Renewable Energy Council, and a number of local nonprofits, such as New Energy Economy. Most argue that the SunEdison contract does not constitute the sale of electricity, but rather a financing arrangement that allows Santa Fe to get solar photovoltaic installations established on its buildings at an affordable price, which then would simply supply its own...Click here to read the whole Article (external link)
Smith’s: Going green for Earth, customers
Smith’s Food and Drug is implementing energy saving technology in its stores, that it says will help address customers’ growing concerns about the environment — and eventually save them money. An example: Through its newest retrofit of freezer case lighting, from fluorescent to LED (light emitting diodes) bulbs, officials say the change could save enough energy to power more than 250 Albuquerque homes for one year. Smith’s says the lower energy costs will result in fewer price increases in the aisles for shoppers. The move is part of the Public Service Co. of New Mexico’s Retrofit Rebate Program. Lowe’s Home Improvement stores also are participating in the program – recently replacing all of the lighting in its three Albuquerque outlets with energy efficient units. Smith’s is the first grocery retailer in New Mexico to sign on. On Tuesday, representatives from Smith’s parent company, Kroger, and PNM, gathered at the Smith’s on 4800 McMahon Blvd. NW to discuss the new energy saving techniques and their environmental impact. Company officials say they hope other New Mexico businesses will follow suit and participate in the program....Click here to read the whole Article (external link)
PUBLIC SERVICE CO OF NEW MEXICO Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management's Discussion and Analysis of Financial Condition and Results of Operations for PNMR is presented on a combined basis, including certain information applicable to PNM and TNMP. The MD&A for PNM and TNMP is presented as permitted by Form 10-Q General Instruction H (2). For discussion purposes, this report will use the term "Company" when discussing matters of common applicability to PNMR, PNM and TNMP. A reference to a "Note" in this Item 2 refers to the accompanying Notes to Condensed Consolidated Financial Statements (Unaudited) included in Item 1, unless otherwise specified. Certain of the tables below may not appear visually accurate due to rounding. MD&A FOR PNMR BUSINESS AND STRATEGY Overview The overall strategy of PNMR is to "Build America's Best Merchant Utility" through concentrated effort on its core regulated and unregulated electric businesses. PNM sold its gas operations on January 30, 2009 and is now positioned to focus on its regulated electric business. The growth of the unregulated electric business is expected through the further development of Optim Energy and restoring profitability at First Choice. The focus on the electric businesses also includes environmental sustainability efforts. These efforts include environmental upgrades, energy efficiency, expansion of the renewable energy portfolio of generation resources, and climate change. Another initiative of PNMR is the separation of its merchant operations from PNM Electric, which has been accomplished in several steps. In June 2008, PNMR completed the sale of certain wholesale power, natural gas and transmission contracts as an initial step in separating its merchant plant activities from PNM. In addition, Luna and Lordsburg were required to be separated by January 1, 2010 under a ...Click here to read the whole Article (external link)
PUBLIC SERVICE CO OF NEW MEXICO Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
Item 2.02 Results of Operations and Financial Condition. On July 31, 2009, PNM Resources, Inc. (the "Company") issued a press release announcing its unaudited results of operations for the three and six months ended June 30, 2009. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The Company's press release and other communications from time to time may include certain non-Generally Accepted Accounting Principles ("GAAP") financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the Company's financial statements. Non-GAAP financial measures utilized by the Company include presentations of revenues, operating expenses, operating income, other income and deductions, net earnings (loss), earnings (loss) per share, cash earnings and earnings before interest, taxes, depreciation and amortization ("EBITDA"). The Company uses ongoing earnings (loss), ongoing earnings (loss) per diluted share (or ongoing diluted earnings (loss) per share), cash earnings, ongoing EBITDA, and EBITDA to evaluate the operations of the Company and to establish goals for management and employees. Certain non-GAAP financial measures utilized by the Company exclude the impact of non-recurring items, net unrealized mark-to-market gains and losses on economic hedges, impairments of intangible assets, unrealized impairments on assets held in trusts for nuclear decommissioning, and the results of speculative trading. The Company's management believes that these non-GAAP financial measures provide useful information to investors by removing the effect of variances in GAAP reported results of operations that are not indicative of fundamental changes in the earnings capacity o...Click here to read the whole Article (external link)
PUBLIC SERVICE CO OF NEW MEXICO Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for PUBLIC SERVICE CO OF NEW MEXICO | Request a Trial to NEW EDGAR Online Pro Form 8-K for PUBLIC SERVICE CO OF NEW MEXICO 19-May-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "a...Click here to read the whole Article (external link)
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