PNM Resources (PNM) Revenue & Revenue Breakdown

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PNM Resources Revenue Highlights

Latest Revenue (Y)

$1.94B

Latest Revenue (Q)

$488.10M

Main Segment (Y)

Electricity

PNM Resources Revenue by Period

PNM Resources Revenue by Year

Date	Revenue	Change
2023-12-31	$1.94B	-13.80%
2022-12-31	$2.25B	26.39%
2021-12-31	$1.78B	16.87%
2020-12-31	$1.52B	4.49%
2019-12-31	$1.46B	1.46%
2018-12-31	$1.44B	-0.58%
2017-12-31	$1.45B	6.02%
2016-12-31	$1.36B	-5.29%
2015-12-31	$1.44B	0.22%
2014-12-31	$1.44B	3.45%
2013-12-31	$1.39B	3.39%
2012-12-31	$1.34B	-21.06%
2011-12-31	$1.70B	1.62%
2010-12-31	$1.67B	1.56%
2009-12-31	$1.65B	-15.91%
2008-12-31	$1.96B	2.38%
2007-12-31	$1.91B	-22.56%
2006-12-31	$2.47B	19.01%
2005-12-31	$2.08B	29.48%
2004-12-31	$1.60B	10.18%
2003-12-31	$1.46B	24.53%
2002-12-31	$1.17B	-50.30%
2001-12-31	$2.35B	45.98%
2000-12-31	$1.61B	39.19%
1999-12-31	$1.16B	5.96%
1998-12-31	$1.09B	-3.77%
1997-12-31	$1.14B	28.53%
1996-12-31	$883.30M	9.25%
1995-12-31	$808.50M	-10.63%
1994-12-31	$904.70M	3.52%
1993-12-31	$873.90M	-

PNM Resources generated $1.94B in revenue during NA 2023, up -13.80% compared to the previous quarter, and up 134.98% compared to the same period a year ago.

PNM Resources Revenue by Quarter

Date	Revenue	Change
2024-06-30	$488.10M	11.73%
2024-03-31	$436.88M	6.01%
2023-12-31	$412.11M	-18.53%
2023-09-30	$505.85M	6.01%
2023-06-30	$477.16M	-12.30%
2023-03-31	$544.08M	-5.51%
2022-12-31	$575.82M	-21.11%
2022-09-30	$729.89M	46.06%
2022-06-30	$499.73M	12.52%
2022-03-31	$444.12M	2.31%
2021-12-31	$434.07M	-21.72%
2021-09-30	$554.55M	30.01%
2021-06-30	$426.54M	16.95%
2021-03-31	$364.71M	1.51%
2020-12-31	$359.28M	-23.96%
2020-09-30	$472.46M	32.10%
2020-06-30	$357.65M	7.20%
2020-03-31	$333.62M	-3.06%
2019-12-31	$344.14M	-20.63%
2019-09-30	$433.59M	31.30%
2019-06-30	$330.23M	-5.55%
2019-03-31	$349.64M	1.71%
2018-12-31	$343.76M	-18.67%
2018-09-30	$422.67M	19.97%
2018-06-30	$352.31M	10.83%
2018-03-31	$317.88M	-4.43%
2017-12-31	$332.61M	-20.79%
2017-09-30	$419.90M	15.89%
2017-06-30	$362.32M	9.73%
2017-03-31	$330.18M	-1.80%
2016-12-31	$336.23M	-16.02%
2016-09-30	$400.37M	26.95%
2016-06-30	$315.39M	1.42%
2016-03-31	$310.96M	-7.42%
2015-12-31	$335.89M	-19.53%
2015-09-30	$417.43M	18.29%
2015-06-30	$352.89M	6.01%
2015-03-31	$332.87M	-4.03%
2014-12-31	$346.85M	-16.21%
2014-09-30	$413.95M	19.58%
2014-06-30	$346.16M	5.25%
2014-03-31	$328.90M	1.85%
2013-12-31	$322.93M	-19.21%
2013-09-30	$399.73M	15.00%
2013-06-30	$347.60M	9.42%
2013-03-31	$317.67M	-1.58%
2012-12-31	$322.76M	-17.33%
2012-09-30	$390.41M	20.55%
2012-06-30	$323.86M	6.05%
2012-03-31	$305.37M	-12.22%
2011-12-31	$347.87M	-36.69%
2011-09-30	$549.50M	32.22%
2011-06-30	$415.59M	7.20%
2011-03-31	$387.66M	1.84%
2010-12-31	$380.65M	-24.42%
2010-09-30	$503.65M	24.11%
2010-06-30	$405.82M	5.83%
2010-03-31	$383.46M	0.11%
2009-12-31	$383.04M	-19.82%
2009-09-30	$477.73M	19.10%
2009-06-30	$401.11M	3.95%
2009-03-31	$385.87M	-5.34%
2008-12-31	$407.63M	-32.85%
2008-09-30	$607.08M	4.61%
2008-06-30	$580.31M	59.21%
2008-03-31	$364.50M	623.08%
2007-12-31	$50.41M	-

PNM Resources generated $488.10M in revenue during Q2 2024, up 11.73% compared to the previous quarter, and up 89.71% compared to the same period a year ago.

PNM Resources Revenue Breakdown

PNM Resources Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Electric Transmission Service	$295.31M	$182.03M	$138.23M	$124.16M	-
Wholesale Energy Sales	$248.80M	-	-	-	-
Miscellaneous Revenue From Contracts With Customers	$9.41M	$17.42M	$17.05M	$16.70M	-
Electricity	$1.94B	$187.95M	$158.80M	$158.07M	-

PNM Resources's latest annual revenue breakdown by segment (product or service), as of Dec 23: Electricity (77.79%), Electric Transmission Service (11.85%), Wholesale Energy Sales (9.98%), and Miscellaneous Revenue From Contracts With Customers (0.38%).

Quarterly Revenue by Product

Product/Service	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Wholesale Energy Sales	$23.51M	$11.69M	$186.00M	$62.80M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miscellaneous Revenue From Contracts With Customers	$2.35M	$2.38M	$6.92M	$2.49M	$13.54M	$4.12M	$4.97M	$4.45M	$4.44M	$4.53M	$3.99M	$4.35M	$4.62M	$4.04M	$4.04M	$4.45M	$4.35M	-	-	-
Electric Transmission Service	$75.45M	$71.96M	$222.86M	$72.45M	$73.39M	$64.98M	$60.05M	$52.26M	$50.53M	$40.61M	$38.62M	$34.41M	$37.31M	$34.34M	$32.18M	-	-	-	-	-
Electricity	$488.10M	$436.88M	$1.36B	$505.85M	$41.49M	$36.37M	$41.58M	$60.88M	$46.12M	$39.37M	$37.20M	$51.84M	$34.67M	$35.09M	$35.75M	$53.11M	$37.30M	$31.90M	-	-
Residential Electric	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$188.46M
Commercial Electric	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$152.74M
Electric Transmission Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$33.45M
Industrial Electric	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$26.36M
Public Authority Electric	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$7.58M
Other Electric	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$21.69M

PNM Resources's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Electricity (82.81%), Electric Transmission Service (12.80%), Wholesale Energy Sales (3.99%), and Miscellaneous Revenue From Contracts With Customers (0.40%).

PNM Resources Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EBR	Centrais Elétricas Brasileiras S.A. - Eletrobrás	$37.16B	$8.72B
DTE	DTE Energy Company	$12.74B	$2.91B
ETR	Entergy	$12.15B	$3.39B
CNP	CenterPoint Energy	$8.70B	$1.86B
AEE	Ameren	$7.50B	$2.17B
CMS	CMS Energy	$7.46B	$1.74B
EVRG	Evergy	$5.49B	$1.45B
PNW	Pinnacle West Capital	$4.70B	$1.77B
LNT	Alliant Energy	$4.03B	$1.01B
POR	Portland General Electric Company	$2.92B	$942.00M
OGE	OGE Energy	$2.67B	$1.93B
PNM	PNM Resources	$1.94B	$488.10M
IDA	IDACORP	$1.77B	$528.53M
MGEE	MGE Energy	$690.43M	$145.71M

PNM Revenue FAQ

What is PNM Resources’s yearly revenue?

PNM Resources's yearly revenue for 2023 was $1.94B, representing a decrease of -13.80% compared to 2022. The company's yearly revenue for 2022 was $2.25B, representing an increase of 26.39% compared to 2021. PNM's yearly revenue for 2021 was $1.78B, representing an increase of 16.87% compared to 2020.

What is PNM Resources’s quarterly revenue?

PNM Resources's quarterly revenue for Q2 2024 was $488.1M, a 11.73% increase from the previous quarter (Q1 2024), and a 2.29% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $436.88M, a 6.01% increase from the previous quarter (Q4 2023), and a -19.70% decrease year-over-year (Q1 2023). PNM's quarterly revenue for Q4 2023 was $412.11M, a -18.53% decrease from the previous quarter (Q3 2023), and a -28.43% decrease year-over-year (Q4 2022).

What is PNM Resources’s revenue growth rate?

PNM Resources's revenue growth rate for the last 3 years (2021-2023) was 8.95%, and for the last 5 years (2019-2023) was 33.04%.

What are PNM Resources’s revenue streams?

PNM Resources's revenue streams in c 23 are Electric Transmission Service, Wholesale Energy Sales, Miscellaneous Revenue From Contracts With Customers, and Electricity. Electric Transmission Service generated $295.31M in revenue, accounting 11.85% of the company's total revenue, up 62.23% year-over-year. Wholesale Energy Sales generated $248.8M in revenue, accounting 9.98% of the company's total revenue Miscellaneous Revenue From Contracts With Customers generated $9.42M in revenue, accounting 0.38% of the company's total revenue, down -45.95% year-over-year. Electricity generated $1.94B in revenue, accounting 77.79% of the company's total revenue, up 931.76% year-over-year.

What is PNM Resources’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of PNM Resources was Electricity. This segment made a revenue of $1.94B, representing 77.79% of the company's total revenue.