
PNM Resources Income Statement 2025-2007 | PNM
Brief overview of revenue and earnings at PNM Resources
The figures are compared over a five-year interval. Revenue reported by PNM Resources was 1.5 billion dollars at the beginning of the period and 2.2 billion dollars at the end. Overall revenue changed by +42.2%, equal to an annualized rate of about 7.3%. The company expanded at a measured pace.
EBITDA changed from $600 million to $925 million (+54.1%). Operating profitability strengthened faster than the scale of sales. At the operating-margin level, the figure shifted from 39.4% to 42.7%. Higher profitability strengthens the quality of operating growth.
Over the period, net income shifted from 187 million dollars to 170 million dollars (−9.3%). The final result remained comparatively stable.
Conclusion
The results present an uneven picture without one dominant signal. The strongest signals are sales growth and an improving EBITDA margin. The weaker side of the profile includes a weaker final result. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement PNM Resources
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | 3.78 B | 3.15 B | 4.23 B | 3.83 B | 3.76 B | 4.39 B | 3.37 B | 3.01 B | 2.68 B | 2.51 B | 2.43 B | 1.97 B | 1.69 B | 1.57 B | - | - | - | - |
Shares |
102 M | 90.5 M | 86.3 M | 86.1 M | 86.1 M | 80.2 M | 79.8 M | 80 M | 79.9 M | 79.8 M | 79.8 M | 79.6 M | 79.8 M | 79.8 M | 89.2 M | 91.6 M | 91.4 M | - | - |
Historical Prices |
- | 41.8 | 36.5 | 49.1 | 44.5 | 46.9 | 51 | 38.8 | 34 | 29.9 | 26.6 | 25.1 | 19.6 | 16.6 | 13.5 | - | - | - | - |
Net Income |
170 M | 259 M | 107 M | 185 M | 212 M | 187 M | 77.9 M | 86.2 M | 80.4 M | 117 M | 16.2 M | 117 M | 101 M | 106 M | 177 M | -45.2 M | 124 M | -271 M | - |
Revenue |
2.17 B | 1.97 B | 1.94 B | 2.25 B | 1.78 B | 1.52 B | 1.46 B | 1.44 B | 1.45 B | 1.36 B | 1.44 B | 1.44 B | 1.39 B | 1.34 B | 1.7 B | - | - | - | - |
Gross Profit |
- | - | 656 M | 740 M | 649 M | 607 M | 832 M | 811 M | 828 M | 770 M | 729 M | 712 M | 710 M | 686 M | 757 M | - | - | - | - |
Operating Income |
441 M | 453 M | 231 M | 394 M | 308 M | 285 M | 144 M | 236 M | 315 M | 285 M | 124 M | 300 M | 287 M | 274 M | 257 M | 239 M | 192 M | -230 M | - |
Interest Expense |
10.4 M | 54.8 M | 190 M | 128 M | 96.9 M | 114 M | 121 M | 127 M | 128 M | 129 M | 115 M | 120 M | 121 M | 121 M | 125 M | 125 M | 122 M | 133 M | - |
EBITDA |
925 M | 876 M | 585 M | 735 M | 628 M | 600 M | 563 M | 543 M | 565 M | 502 M | 478 M | 473 M | 466 M | 438 M | 414 M | 426 M | 365 M | -62.7 M | - |
Operating Expenses |
- | - | - | - | - | - | 537 M | 509 M | 495 M | 477 M | 437 M | 411 M | 411 M | 412 M | 500 M | - | - | - | - |
General and Administrative Expenses |
274 M | 247 M | 228 M | 227 M | 230 M | 216 M | 189 M | 188 M | 186 M | 192 M | 179 M | 171 M | 179 M | 188 M | 279 M | 265 M | 262 M | 253 M | - |
All numbers in USD currency
Quarterly Income Statement PNM Resources
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
110 M | 107 M | 96.1 M | 93 M | 92.7 M | 90.5 M | 90.5 M | 90.5 M | 90.2 M | 86.1 M | 86.1 M | 86.1 M | 85.8 M | 86.1 M | 86.2 M | 86.1 M | 85.8 M | 86.1 M | 86.1 M | 86 M | 85.8 M | 79.9 M | 79.8 M | 79.9 M | 79.7 M | 79.9 M | 79.9 M | 79.9 M | 79.7 M | 79.9 M | 79.9 M | 79.9 M | 79.7 M | 79.9 M | 79.9 M | 79.8 M | 79.7 M | 79.8 M | 79.8 M | 79.8 M | 79.7 M | 79.8 M | 79.8 M | 79.8 M | 79.7 M | 79.8 M | 79.8 M | 79.8 M | 79.7 M | 79.8 M | 79.8 M | 79.9 M | 79.7 M | 79.8 M | 79.8 M | 79.9 M | 79.7 M | 91.2 M | 91.6 M | 91.6 M | 86.7 M | 86.7 M |
Net Income |
8 M | 136 M | 26 M | 12.8 M | - | 136 M | 52 M | 50.4 M | - | 42.9 M | 49.4 M | 60.3 M | - | 127 M | 19.1 M | 19.2 M | - | 118 M | 57.8 M | 21.2 M | 8.78 M | 122 M | 57.5 M | -15.3 M | 31.8 M | 103 M | -75.9 M | 18.7 M | -55.1 M | 87.5 M | 38.2 M | 15 M | -54.3 M | 73.7 M | 37.6 M | 22.9 M | 24.8 M | 54.4 M | 27.1 M | 10.5 M | -91.4 M | 61 M | 31.7 M | 14.3 M | 19 M | 55.7 M | 29.1 M | 12.5 M | 7.65 M | 54.6 M | 27.7 M | 10.6 M | 9.09 M | 57.9 M | 21.5 M | 17.1 M | 112 M | 43.7 M | 4.07 M | 16.6 M | 48.6 M | 22.9 M |
Revenue |
505 M | 647 M | 502 M | 483 M | - | 569 M | 488 M | 437 M | - | 506 M | 477 M | 544 M | - | 730 M | 500 M | 444 M | - | 555 M | 427 M | 365 M | 359 M | 472 M | 358 M | 334 M | 344 M | 434 M | 330 M | 350 M | 344 M | 423 M | 352 M | 318 M | - | 420 M | 362 M | 330 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | 297 M | 198 M | 176 M | - | 177 M | 182 M | 187 M | - | 269 M | 170 M | 154 M | - | 237 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
77 M | 203 M | 72.7 M | 71.9 M | - | 191 M | 106 M | 80.6 M | - | 86.7 M | 92.3 M | 99.1 M | - | 183 M | 86.4 M | 68.1 M | - | 152 M | 74.2 M | 43.2 M | 18.6 M | 148 M | 71.2 M | 47.7 M | 60.6 M | 141 M | -93.6 M | 36.7 M | -17.4 M | 128 M | 79.3 M | 46.1 M | 22.9 M | 142 M | 85.1 M | 56 M | 63.6 M | 108 M | 64.8 M | 41.5 M | -119 M | 122 M | 72.4 M | 49.6 M | 62.8 M | 117 M | 71.3 M | 48.8 M | 40.5 M | 118 M | 77.9 M | 50.7 M | 36.7 M | 118 M | 65.1 M | 53.7 M | 63.9 M | 108 M | 32.9 M | 52.2 M | 105 M | 73.7 M |
Interest Expense |
68.6 M | 70.1 M | 72 M | 63.6 M | - | 59.7 M | 55.8 M | 53.8 M | - | 49.8 M | 45.9 M | 40.9 M | - | 34.5 M | 29.2 M | 26.2 M | - | 23.2 M | 24.1 M | 25.9 M | - | 27.3 M | 31.1 M | 30.4 M | - | 30.4 M | 29.8 M | 31.6 M | - | 30.5 M | 33.3 M | 33.1 M | - | 32.1 M | 32.3 M | 31.7 M | - | 32.5 M | 33.2 M | 31.5 M | - | 27.5 M | 28.9 M | 30.3 M | - | 30.1 M | 30 M | 29.5 M | - | 30.4 M | 30.6 M | 31.3 M | - | 30.5 M | 30.2 M | 29.6 M | - | 31.1 M | 30.5 M | 30.6 M | 31.3 M | 31.8 M |
EBITDA |
202 M | - | - | 186 M | - | - | - | 184 M | - | - | - | 186 M | - | 439 M | 86.4 M | 153 M | - | 391 M | 74.2 M | 122 M | 18.6 M | 381 M | 227 M | 125 M | 60.6 M | 366 M | 54.5 M | 111 M | -17.4 M | 335 M | 216 M | 114 M | 22.9 M | 343 M | 217 M | 122 M | 63.6 M | 286 M | 182 M | 100 M | -119 M | 287 M | 181 M | 105 M | 62.8 M | 274 M | 175 M | 101 M | 40.5 M | 276 M | 182 M | 103 M | 36.7 M | 272 M | 165 M | 103 M | 63.9 M | 260 M | 130 M | 101 M | 243 M | 163 M |
General and Administrative Expenses |
66.9 M | 68.4 M | 76 M | 60.8 M | - | 64.8 M | 59.6 M | 55.4 M | - | 58.5 M | 54 M | 55.1 M | - | 58.1 M | 51.3 M | 55.9 M | - | 56.5 M | 52.5 M | 59.5 M | - | 51.6 M | 50.5 M | 46 M | - | 47.6 M | 42.8 M | 52.3 M | - | 50 M | 43.4 M | 48.3 M | - | 44.1 M | 43 M | 45.4 M | - | 46.9 M | 45.2 M | 47.1 M | - | 46.4 M | 39.9 M | 43.9 M | - | 42.2 M | 45.2 M | 43.9 M | - | 46.9 M | 43.1 M | 44.7 M | - | 45.3 M | 45.3 M | 44.8 M | - | 69.8 M | 68.8 M | 58.5 M | 71.2 M | 62.4 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company PNM Resources (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.