PNM Resources (FRA:98P) Pre-Tax Income : €55 Mil (TTM As of Mar. 2024)

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What is PNM Resources Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. PNM Resources's pretax income for the three months ended in Mar. 2024 was €35 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was €55 Mil. PNM Resources's pretax margin was 8.65%.

During the past 13 years, PNM Resources's highest Pretax Margin was 15.62%. The lowest was 3.18%. And the median was 11.52%.

PNM Resources Pre-Tax Income Historical Data

The historical data trend for PNM Resources's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PNM Resources Pre-Tax Income Chart

PNM Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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60.16

170.94

216.32

199.48

83.02

PNM Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pre-Tax Income	Get a 7-Day Free Trial															65.43	53.21	35.28	-68.62	34.77

Competitive Comparison of PNM Resources's Pre-Tax Income

For the Utilities - Regulated Electric subindustry, PNM Resources's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PNM Resources's Pre-Tax Income Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PNM Resources's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where PNM Resources's Pre-Tax Income falls into.

PNM Resources Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

PNM Resources's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	278.092	+	-40.662	+	-174.556	+	20.14	+	0.001000000000019
	=	83

PNM Resources's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	78.245	+	1.774	+	-49.461	+	4.214	+	-0.0010000000000048
	=	35

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €55 Mil.

PNM Resources (FRA:98P) Pre-Tax Income Explanation

PNM Resources's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	34.771	/	401.927
	=	8.65%

During the past 13 years, PNM Resources's highest Pretax Margin was 15.62%. The lowest was 3.18%. And the median was 11.52%.

PNM Resources Pre-Tax Income Related Terms

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PNM Resources (FRA:98P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PNM Resources Inc (FRA:98P) » Definitions » Pre-Tax Income

Comparable Companies

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Traded in Other Exchanges

PNM:USA

Address

414 Silver Avenue SW, Albuquerque, NM, USA, 87102-3289

Website

https://www.pnmresources.com

PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.

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