PNM Resources PNM revised its second-quarter consolidated ongoing earnings guidance (a non-GAAP financial measure) due to milder temperatures in New Mexico.
The company commented, “The PNM service territory experienced its mildest second quarter over the last 19 years, resulting in 37% lower cooling degree-days and lower expectations for second quarter ongoing earnings.”
PNM Resources is an energy holding company based in Albuquerque, New Mexico. In 2018, consolidated operating revenues of $1.4 billion.
PNM Resources shares were trading down 0.85% at $49.97 in Friday’s pre-market session. The stock has a 52-week high of $52.10 and a 52-week low of $37.17.
Related Links:
Activist Investors, EQT Corporation Clash Ahead Of Natural Gas Producer's Annual Meeting
Paterson-Uti Energy Shares Higher On Pressure Pumping Divestment Update
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
