NYSE$TXNM

TXNM Energy Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

PNM Resources reported increased third quarter earnings, driven by transmission demand and merger agreement progress.

PNM Resources reported Q3 2021 GAAP earnings of $1.32 per diluted share and ongoing earnings of $1.37 per diluted share. The company's financial results reflect continued growth in transmission demand. Ongoing earnings guidance for 2021 has been withdrawn due to the pending merger with AVANGRID.

  • Third quarter GAAP earnings were $1.32 per diluted share.
  • Third quarter ongoing earnings were $1.37 per diluted share.
  • Merger with AVANGRID is expected to close in 2021.
  • Ongoing earnings guidance for 2021 has been withdrawn.

Headline financials

Total Revenue

$555M

Previous: $472M+17.4%
EPS (adj)

$1.37

Previous: $1.40-2.1%
Free Cash Flow

$118M

Previous: $125M-6.2%
Net Income

$118M

Previous: $125M-6.2%
Operating Income

$152M

Previous: $148M+2.7%
Gross Profit

$483M

Previous: $404M+19.6%
Cash & Equivalents

$49.5M

Previous: $30.9M+60.2%
Total Assets

$8.26B

Previous: $7.74B+6.6%
Stock-Based Comp

$1.02M

Previous: $1.33M-23.6%

Revenue & EPS history

PNM Resources · Revenue · Quarterly

$555M

Q3 2021+17.4%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

PNM Resources · $122M total across 3 segments · Q3 2022

  • PNM
    $97.5M
  • TNMP
    $31.4M
  • Corporate and Other
    -$6.47M

Forward guidance

Ongoing earnings guidance for 2021 has been withdrawn based on the completion of the third quarter and the continued expectation for the pending merger with AVANGRID to close during the fourth quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.1%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+9.2%

Q4 2010

Best reaction

-4.2%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+0.2%+0.4%
Q4 2025-0.2%-0.3%-1.4%
Q3 2025+0.1%+0.2%+2.9%
Q1 2025+0.5%+0.8%+7.7%
Q4 2024+3.3%+0.5%+5.0%
Q3 2024-2.3%+3.3%+12.7%
Q2 2024+1.3%-3.4%-1.6%
Q1 2024+0.9%+1.9%+0.8%
Q4 2023+6.4%+6.5%+8.6%
Q3 2023-2.8%-3.6%-4.0%
Q2 2023+0.0%-0.4%-0.4%
Q1 2023+1.2%+0.4%-2.5%
Q4 2022-0.3%-1.2%-1.3%
Q3 2022+0.1%+1.1%+4.6%
Q2 2022-0.8%-0.5%-1.8%
Q1 2022-2.3%-3.6%-0.6%
Q4 2021-0.0%+1.5%+5.5%
Q3 2021-0.1%-2.7%-0.3%
Q2 2021+0.0%-0.5%+2.8%
Q1 2021-0.1%-0.3%-0.9%
Q4 2020-0.2%-2.2%+2.0%
Q3 2020-0.0%-0.0%-1.5%
Q2 2020-0.1%+0.5%+4.3%
Q1 2020-3.3%-7.2%-23.2%
Q4 2019-0.0%+5.1%-20.1%
Q3 2019-3.3%-5.8%-7.1%
Q2 2019-3.7%-1.9%+1.1%
Q1 2019-2.4%+1.2%+5.1%
Q4 2018-1.5%+0.9%+6.7%
Q3 2018+4.4%+4.2%+10.3%
Q2 2018+2.0%+3.9%+2.9%
Q1 2018-0.1%-1.9%-0.3%
Q4 2017-3.0%-1.2%+5.4%
Q3 2017+1.8%+0.8%+5.6%
Q2 2017+1.0%+2.3%+8.5%
Q1 2017-2.0%-2.5%-0.1%
Q4 2016+0.6%+0.7%+2.6%
Q3 2016+3.6%+0.8%+3.9%
Q2 2016+1.7%+3.1%-0.2%
Q1 2016+2.9%
Q4 2015-4.0%
Q3 2015+1.2%
Q2 2015+1.8%
Q1 2015+0.6%
Q4 2014-1.3%
Q3 2014+1.8%
Q2 2014-2.9%
Q1 2014-4.2%
Q4 2013+2.1%
Q3 2013-0.8%
Q2 2013+1.2%
Q1 2013-0.8%
Q4 2012+1.9%
Q3 2012-3.0%
Q2 2012-0.3%
Q1 2012-1.4%
Q4 2011+2.2%
Q3 2011+1.0%
Q2 2011+2.0%
Q1 2010+1.6%
Q1 2011-1.6%
Q4 2008+9.2%
Q4 2010+9.2%
Q3 2009+2.2%
Q3 2010+2.2%
Q2 2010+0.4%
Q2 2009+0.4%
Q4 2009+0.4%

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