USX:PNM - PNM Resources Inc PNM Resources Inc
Sector: Utilities, Industry: Electric Utilities
Next Earnings: 3 May 2024
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USD 37.64    +0.19 (+0.51%)

28 Mar 2024


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General

CEO: Ms. Patricia K. Vincent-Collawn

IPO: 1984-08-10

Headquarters: US

Employees: 1,537

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Description

PNM Resources Inc, or PNMR, is a holding company that owns regulated utility companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce energy. TNMP owns and operates transmission and distribution services in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers.

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