PNM Resources: Fourth Quarter Earnings Overview

PNM Resources Inc. Reports Fourth Quarter Financial Results

PNM Resources Inc., headquartered in Albuquerque, New Mexico, announced on Friday that it experienced a net loss of $9.7 million during the fourth quarter.

The company indicated that this loss equated to 8 cents per share. After adjusting for one-time expenses, earnings were 48 cents per share.

During the quarter, the utility generated $533.2 million in revenue.

For the full year, PNM Resources recorded a net income of $151.9 million, or $1.48 per share, with total revenue reaching $2.17 billion.