NYSE$TXNM

TXNM Energy Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Released its 2020 year-end results and affirmed 2021 ongoing earnings guidance.

PNM Resources' fourth quarter results finished the year in line with expectations, demonstrating resilience and adaptability during the continued effects of the COVID-19 pandemic. The company reaffirmed its 2021 consolidated ongoing earnings guidance of $2.27 to $2.37 per diluted share.

  • 2020 GAAP earnings of $2.15 per diluted share
  • 2020 Ongoing earnings per share of $2.28 in line with expectations
  • Affirmed 2021 Ongoing earnings guidance range of $2.27 to $2.37 per diluted share
  • Shareholders approved the merger on February 12, 2021.

Headline financials

Total Revenue

$359M

Previous: $344M+4.4%
EPS (adj)

$0.15

Previous: $0.36-58.3%
Net Income

$173M

Previous: $31.8M+443.2%
Operating Income

$285M

Previous: $144M+97.8%
Gross Profit

$607M

Previous: $344M+76.3%
Cash & Equivalents

$47.9M

Previous: $3.83M+1150.4%
Total Assets

$7.94B

Previous: $7.3B+8.8%
Stock-Based Comp

$1.58M

Previous: $990K+59.7%

Revenue & EPS history

PNM Resources · Revenue · Quarterly

$359M

Q4 2020+4.4%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
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

Management affirmed its 2021 consolidated ongoing earnings guidance of $2.27 to $2.37 per diluted share.

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 Q4 2020

Historical avgQ4 2020

+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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