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PNM Resources affirms 2019, 2020 earnings guidance

PNM Resources Inc. on Jan. 10 affirmed its 2020 consolidated earnings guidance of $2.16 to $2.26 per diluted share.

The power company, which provides electricity to more than 785,000 homes and businesses in New Mexico and Texas, also affirmed its 2019 consolidated ongoing earnings guidance of $2.13 to $2.16 per diluted share. It made the announcement during a meeting with investors and analysts. PNM Resources previously increased the earnings guidance range in December 2019.