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PNM Resource Raises Ongoing Earnings Guidance - Quick Facts

PNM Resources (PNM) announced the company's management raised its consolidated ongoing earnings guidance to $1.91 to $1.98 per diluted share for 2018 and $2.08 to $2.18 per diluted share for 2019.

"We have raised 2018 and 2019 guidance based on higher load growth trends at PNM and continued strong demand at TNMP. In addition, hotter temperatures increased second quarter earnings," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO.

For the second-quarter, ongoing EPS was $0.53 compared to $0.49, prior year.

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