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Company Profile

  • Business description

    PNM Resources Inc, or PNMR, is a holding company that owns regulated utility companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce energy. TNMP owns and operates transmission and distribution services in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers.

  • Contact

    414 Silver Avenue SW
    Albuquerque NM 87102-3289
    USA

    T: +1 505 241-2700

    E: lisa.goodman@pnmresources.com

    https://www.pnmresources.com

  • Sector

    Utilities

    Stock type

    Defensive

  • Industry

    Utilities - Regulated Electric

    Fiscal Year End

    31 December 2024

    Employees

    1,635

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