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.