Le Lézard
Classified in: Oil industry
Subject: FVT

PNM Resources Management to Meet with Investors



ALBUQUERQUE, N.M., Oct. 2, 2017 /PRNewswire/ -- PNM Resources (NYSE: PNM) management will meet with analysts and investors this week in New York City. 

PNM Resources (PRNewsFoto/PNM Resources, Inc.)

During the meetings, management is expected to affirm the company's 2017 consolidated ongoing earnings guidance of $1.77 to $1.87 per diluted share. Presentation materials are available on the company's website at http://www.pnmresources.com/investors/events.cfm.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2016 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,791 megawatts of generation capacity and provides electricity to more than 767,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.

CONTACTS:


          Analysts                                       

Media

          Jimmie Blotter                               

Pahl Shipley

          (505) 241-2227                              

(505) 241-2782

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release that relate to future events or PNM Resources, Inc.'s ("PNMR"), Public Service Company of New Mexico's ("PNM"), or Texas-New Mexico Power Company's ("TNMP") (collectively, the "Company") expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.

Non-GAAP Financial Measures
GAAP refers to generally accepted accounting principles in the U.S. Ongoing earnings is a non-GAAP financial measure that excludes the impact of net unrealized mark-to-market gains and losses on economic hedges, the net change in unrealized impairments on available-for-sale securities, and certain non-recurring, infrequent, and other items that are not indicative of fundamental changes in the earnings capacity of the Company's operations. The Company uses ongoing earnings and ongoing earnings per diluted share (or ongoing diluted earnings per share) to evaluate the operations of the Company and to establish goals, including those used for certain aspects of incentive compensation, for management and employees. While the Company believes these financial measures are appropriate and useful for investors, they are not measures presented in accordance with GAAP. The Company does not intend for these measures, or any piece of these measures, to represent any financial measure as defined by GAAP. Furthermore, the Company's calculations of these measures as presented may or may not be comparable to similarly titled measures used by other companies. The Company uses ongoing earnings guidance to provide investors with management's expectations of ongoing financial performance over the period presented. While the Company believes ongoing earnings guidance is an appropriate measure, it is not a measure presented in accordance with GAAP. The Company does not intend for ongoing earnings guidance to represent an expectation of net earnings as defined by GAAP. Since the future differences between GAAP and ongoing earnings are frequently outside the control of the Company, management is generally not able to estimate the impact of the reconciling items between forecasted GAAP net earnings and ongoing earnings guidance, nor their probable impact on GAAP net earnings; therefore, management is generally not able to provide a corresponding GAAP equivalent for ongoing earnings guidance.

 

SOURCE PNM Resources, Inc.


These press releases may also interest you

19 sep 2018
Hydronic control market to grow at CAGR of 3.1% during forecast periodThe hydronic control market is estimated to grow from USD 32.40 billion in 2018 to USD 37.70 billion by 2023, at a CAGR of 3.1% from 2018 to 2023. The growth of the hydronic...

19 sep 2018
Duke Energy crews today continued to restore power to North Carolina and South Carolina customers impacted by Hurricane Florence, particularly in hard-hit coastal and inland counties. Crews have restored power to 1.6...

19 sep 2018
The CNG dispenser market is projected to grow at a CAGR of 7.76% from 2018 to 2023.Download the full report: https://www.reportbuyer.com/product/5567584 The CNG dispenser market is projected to reach USD 225.5 million by 2023, at a CAGR of 7.76%,...

19 sep 2018
Holy Cross Energy (HCE), the electric cooperative serving the Colorado counties of Eagle, Garfield and Pitkin, including the resort towns of Aspen and Vail, today announced that it has formally adopted SEVENTY70THIRTY; its new clean energy and...

19 sep 2018
Dominion Energy today announced that it has made an offer to Dominion Energy Midstream Partners to acquire all outstanding common units not owned by Dominion Energy in exchange for Dominion Energy common shares. The fixed exchange ratio offer of...

19 sep 2018
EnSync, Inc. , dba EnSync Energy Systems, the leading provider of innovative distributed energy resources (DERs) and business models for residential, commercial and utility installations, today announced that the Company will hold a conference call...




News published on 2 october 2017 at 06:30 and distributed by: