PNM RES INC
SymbolPNM

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PNM Resources Reports Strong Third-Quarter Earnings

2009-10-29 06:00 ET - News Release

Unregulated Retail Operations in Texas Drive Results

Increased 2009 Earnings Outlook Announced


Company Website: http://www.pnmresources.com
ALBUQUERQUE, N.M. -- (Business Wire)

PNM Resources (NYSE: PNM)

2009 THIRD-QUARTER SUMMARY

  • Quarterly GAAP (generally accepted accounting principles) earnings of $0.59 per diluted share, compared with losses of $0.06 per diluted share in 2008
  • Quarterly ongoing earnings of $0.63 per diluted share, compared with $0.27 per diluted share in 2008

YEAR-TO-DATE SUMMARY

  • Year-to-date GAAP earnings of $1.61 per diluted share, compared with losses of $2.42 per diluted share in 2008
  • Year-to-date ongoing earnings of $0.94 per diluted share, compared with $0.24 per diluted share in 2008

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