PNM Resources Backs Full Year Ongoing Earnings Guidance - Quick Facts

(RTTNews) - PNM Resources (PNM) Monday affirmed the company's 2014 consolidated ongoing earnings guidance range of $1.44 to $1.51 per share.

On average, ten analysts polled by Thomson Reuters expect earnings of $1.47 per share for the year. Analysts' estimates typically exclude special items.

The company also announced its 2015 ongoing earnings guidance range of $1.50 to $1.62 per share. Analysts look for earnings of $1.56 per share.

Pat Vincent-Collawn, PNM Resources' chairman, president, and CEO, said, "We are confident that we will finish the year on track and continue our steady performance through 2015. The company continues to successfully navigate challenges, while remaining focused on serving our customers."

The company's management will host a meeting today with analysts and investors to discuss details of the guidance range and provide company updates.