<< Read Full Article

PNM Posts 1Q Profit, Reversing Loss

Stock quotes in this article: PNM  

ALBUQUERQUE, N.M. (AP) — Energy holding company PNM Resources Inc. said Friday it posted a first-quarter net profit of $95.4 million, reversing a loss from a year earlier, driven mainly by the sale of its natural gas utility.

Net profit in the quarter to March 31 amounted to $1.04 per share, compared with a loss of $48.6 million, or 63 cents per share, in the prior-year period.

PNM, which serves customers in New Mexico and Texas, said the sale of PNM Gas in January to New Mexico Gas Co. added $72.9 million, or 80 cents per share, in the quarter. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,472.18 1,106.56 2,190.17 35.37
Oil *
71.73
UP
66.35
UP
4.21
DOWN
0.69
UP
0.55
10 Yr
3.54%
SPDR Gold
109.47
+0.64%
+0.38%
-0.03%
+1.58%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services