PNM Resources Reports Fourth Quarter and Year-End Results

ALBUQUERQUE, N.M., Feb. 27, 2018

PNM Resources (In millions, except EPS)
	Q4 2017	Q4 2016		YE 2017	YE 2016
GAAP net earnings (loss) attributable to PNM Resources ARIVA.DE Börsen-Geflüster Kurse PNM Resources 36,32 $ 0,00%	($54.3)	$24.8		$79.9	$116.8
GAAP diluted EPS	($0.68)	$0.31		$1.00	$1.46
Ongoing net earnings	$19.4	$27.4		$155.3	$132.4
Ongoing diluted EPS	$0.24	$0.34		$1.94	$1.65

SEGMENT REPORTING OF 2017 FOURTH QUARTER AND YEAR-END EARNINGS

PNM – a vertically integrated electric utility in New Mexico with distribution, transmission and generation assets.                       

• In the fourth quarter of 2017, PNM's GAAP and ongoing earnings were reduced by higher planned outage costs at the Four Corners Power Plant and Afton Generating Station, lower load, higher expected operations and maintenance costs to support business operations and depreciation expense from new capital investments. These reductions were partially offset by new third-party transmission contracts and increased AFUDC.
• GAAP earnings in the fourth quarter of 2017 also include a $29.6 million net charge for the impacts of the reduction in the federal corporate income tax rate on net deferred income tax assets primarily related to items not in regulated rates, in addition to a $27.0 million pre-tax regulatory disallowance primarily resulting from the general rate case final order granting a debt-only return on certain investments in the Four Corners Power Plant.

TNMP – an electric transmission and distribution utility in Texas.

• In the fourth quarter of 2017, TNMP's GAAP and ongoing earnings were reduced by higher expected operations and maintenance costs to support business operations, and increased depreciation and property tax expenses resulting from additional capital investments. This was partially offset by increased transmission rate relief.
• GAAP earnings in the fourth quarter of 2017 also reflect a $7.9 million net charge for the impacts of the reduction in the federal corporate income tax rate on net deferred income tax assets primarily related to items not in regulated rates.

Corporate and Other – a segment that reflects the PNM Resources holding company and other subsidiaries.

Corporate and Other (In millions, except EPS)
	Q4 2017	Q4 2016		YE 2017	YE 2016
GAAP net earnings (loss) attributable to PNM Resources	($23.2)	($1.0)		($27.6)	($1.7)
GAAP diluted EPS	($0.29)	($0.01)		($0.34)	($0.02) Werbung Mehr Nachrichten zur PNM Resources Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 25.04.24 - PR Newswire Fidelity Emerging Markets Ltd - Transaction in Own Shares 25.04.24 - PR Newswire BlackRock Latin American Investment Trust Plc - Portfolio Update 25.04.24 - PR Newswire Samson Rock Capital LLP - Form 8.3 - Network International Holdings Plc SolarBank    Wie die Revolution der sauberen Energie eine solide Investitionsmöglichkeit bieten könnte weiterlesen» Anzeige wo-site-teaser-box-16755_site-teaser-box_2024-04-25_09%253A00%253A00_2024-04-26_09%253A00%253A59