logo
Plus   Neg
Share
Email

PNM Resources Affirms 2020 Ongoing Earnings Guidance - Quick Facts

PNM Resources (PNM) said its management affirmed 2020 consolidated ongoing earnings guidance of $2.16 to $2.26 per share. The company also stated that there is no changes to its first quarter earnings results previously reported on a preliminary basis on April 13, 2020.

Public Service Company of New Mexico, or PNM, has announced that it is deferring its general rate review planned for the second quarter of 2020. PNM now plans to file a full decoupling proposal in May 2020 for residential and small commercial customers.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Billionaire Warren Buffett's Berkshire Hathaway reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Operating profit declined 10 percent. Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients.
RELATED NEWS
Follow RTT