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PNM Resources: 2Q Earnings Snapshot

Solar panels at the PNM natural gas electric generating plant are seen in this file photo.
(Adolphe Pierre-Louis/Albuquerque Journal)

PNM Resources Inc. on Friday reported a second-quarter loss of $75.8 million, after reporting a profit in the same period a year earlier.

The Albuquerque-based company said it had a loss of 95 cents per share. Earnings, adjusted for non-recurring costs, came to 37 cents per share.

The power company posted revenue of $330.2 million in the period.

PNM Resources expects full-year earnings in the range of $2.05 to $2.11 per share.

PNM Resources shares have risen 23% since the beginning of the year. The stock has risen 30% in the last 12 months.

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