PNM Stock - PNM Resources Inc.

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PNM Profile

PNM Resources, Inc., operating primarily through its subsidiaries, is a leading provider of electricity and electric services across the United States. The company operates through two key segments: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment focuses on the comprehensive generation, transmission, and distribution of electricity, utilizing a diverse mix of energy sources including coal, natural gas, oil, nuclear fuel, solar, wind, and geothermal energy. By the end of 2021, PNM owned or leased facilities with a combined net generation capacity of 2,168 megawatts and maintained extensive electric transmission and distribution infrastructure, comprising thousands of miles of lines and numerous substations. Additionally, PNM manages a range of operational assets such as communication equipment, vehicles, and real estate.

The TNMP segment provides regulated transmission and distribution services, serving a significant customer base across Texas and New Mexico. As of the close of 2021, TNMP owned substantial overhead and underground transmission and distribution lines, along with multiple substations strategically positioned throughout its service area. The segment supports its operations with a fleet of vehicles and service facilities, ensuring reliable electricity delivery to approximately 806,000 residential, commercial, and industrial customers and end-users. PNM Resources, Inc. was established in 1882 and is headquartered in Albuquerque, New Mexico, reflecting its long-standing commitment to providing essential energy solutions to communities across its operational footprint.

With a rich heritage of over a century, PNM Resources continues to evolve its energy services to meet the growing demands of its diverse customer base. Committed to sustainable practices and technological advancements, the company strives to enhance efficiency and reliability in electricity generation and distribution while maintaining a focus on environmental stewardship and community engagement. PNM Resources remains dedicated to delivering innovative energy solutions that support economic growth and enhance quality of life in the regions it serves.

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