2024 Ongoing Earnings Guidance Narrowed ALBUQUERQUE, N.M. , Nov.
1, 2024 /PRNewswire/ -- TXNM Energy (In millions, except EPS) Q3 2024 Q3 2023 YTD 2024 YTD 2023 GAAP net earnings attributable to TXNM Energy $131.2 $37.7 $226.
4 $138.0 GAAP diluted EPS $1.45 $0.
44 $2.50 $1.60 Ongoing net earnings $129.
3 $132.9 $220.6 $228.
0 Ongoing diluted EPS $1.43 $1.54 $2.
44 $2.65 TXNM Energy (NYSE: TXNM) today released its 2024 third quarter results. In addition, management narrowed its 2024 consolidated ongoing earnings guidance to a range of $2.
70 to $2.75 per diluted share. "We're pleased with our third quarter results," said Pat Vincent-Collawn , TXNM Energy Chairman and CEO.
"The recent approval of PNM's Grid Modernization Plan moves New Mexico forward with a focus on strategic investments benefiting customers. These new tools, combined with those in TNMP's filed System Resiliency Plan, demonstrate our commitment to a reliable and resilient grid to meet our customers' energy needs across New Mexico and Texas ." SEGMENT REPORTING OF 2024 THIRD QUARTER EARNINGS EPS Results by Segment GAAP Diluted EPS Ongoing Diluted EPS Q3 2024 Q3 2023 Q3 2024 Q3 2023 PNM $1.
20 $0.09 $1.18 $1.
19 TNMP $0.39 $0.46 $0.
39 $0.46 Corporate and Other ($0.14) ($0.
11) ($0.14) ($0.11) Consolidated TXNM Energy $1.
45 $0.44 $1.43 $1.
54 Net changes to GAAP and ongoing earnings in the third quarter of 2024 compared to the third quarter of 2023 include: GAAP and ongoing earnings per share were reduced in the third quart.