Electric utility PNM Resources Inc. (PNM) said Monday that its management will meet with analysts and investors this week. It is expected to affirm the company's 2014 consolidated ongoing earnings guidance range of $1.42 to $1.52 per share during the meetings. Analysts polled by Thomson Reuters expect the company to report earnings of $1.47 per share for fiscal 2014. Analysts' estimates typically exclude special items.
PNM Resources is an energy holding company based in Albuquerque, N.M., with 2013 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,572 megawatts of generation capacity and serves electricity to more than 746,000 homes and businesses in New Mexico and Texas.
by RTT Staff Writer
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