PNM Resources, Inc.

PNM Resources, Inc.

PNM Resources, Inc.

Overview
Date Founded

2000

Headquarters

414 Silver Avenue SW,4th floor,Albuquerque, NM 87102-3289

Type of Company

Public

Employees (Worldwide)

1,708

Industries

Power & Utilities
Other Business & Consulting Services

Company Description

Based in Albuquerque, N.M., PNM Resources is an energy holding company with 2011 consolidated operating revenues of $1.3 billion. Through its utilities - PNM and TNMP, PNM Resources serves electricity to nearly 730,000 homes and businesses in New Mexico and Texas. Our generation capacity of more than 2,530 megawatts reflects a balanced mix of coal, natural gas, nuclear, wind and solar generation

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Executives & Employees

Chairman of the Board, President & Chief Executive Officer of the Company, Public Service Company of New Mexico & Texas-New Mexico Power Company

Senior Vice President & Chief Financial Officer

Secretary, Senior Vice President & General Counsel

Chief Information Officer & Vice President

Chief Accounting Officer, Vice President & Controller

Vice President & Treasurer

Executive Vice President, Corporate Development & Finance

Executive Vice President, Corporate Development & Finance

Senior Vice President, Public Policy

Senior Vice President, Utility Operations

Board of Directors

Chairman, President & Chief Executive Officer at Public Service Co. of New Mexico

Former President & Chief Executive Officer at Cadence Design Systems, Inc.

Founder at Anderson Stratton International LLC

President at Mission Energy Construction Services, Inc.

Managing Partner, Energy Transition at EnCap Investments LP

Partner at Blue Heron Investments LLC

Former Director-Environmental & Safety Division at Sandia National Laboratories

Chair, Strategic Development at United Way of Central New Mexico, Inc.

Partner at Ancora Partners LLC

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Owners & Shareholders
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Zimmer Partners seeks to achieve the clients’ investment objectives primarily through individual security selection based on fundamental research and analysis. Their clients invest primarily in equity securities of electric and gas utilities, integrated utilities, water utilities, telecommunication companies, independent power producers and pipelines, exploration and production companies, oilfield services companies, renewable energy companies, and more broadly in energy and infrastructure-related industries.

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Magnetar Financial implements a variety of different strategies in managing private investment funds and separately managed accounts (SMAs) which designed to achieve attractive risk-adjusted rates of return. Some of the funds and SMAs employ a multi-strategy approach, utilizing a wide range of strategies across a range of geographies, while others focus on one or just a few strategies. It may hold both long and short positions in a broad range of securities, derivatives, and other assets. In executing their investment strategies, the funds and SMAs may enter into joint venture or co-investment arrangements, participate in pooled investment vehicles, invest with affiliated or unaffiliated advisors or managers, or make direct investments in operating entities. The firm’s main investment strategies are divided into the following categories: relative-value, event-driven, directional, hybrid and other investment strategies.

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GAMCO invests in a variety of US and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. They offer a wide spectrum of investment products and strategies under the Gabelli and GAMCO brands covering US equities, US fixed income, global and international equities, and convertible securities using value and growth investment styles, a variety of capitalization sizes, and ESG strategies. The firm’s value portfolio uses fundamental research and bottom-up stock selection to identify undervalued companies whose securities trade at a significant discount to the price that they believe an investor would be willing to pay to acquire such companies. GAMCO also seeks to identify catalysts that might unlock private market value. Their growth portfolio invests in companies with superior growth prospects whose stocks appear undervalued relative to their future earnings stream.

Recent Transactions
Details Hidden

Iberdola SA, Avangrid, Inc. purchase PNM Resources, Inc.

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PNM Resources, Inc. issued USD Common Stock

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PNM Resources, Inc. purchases Delta Person LP from Delta Person GP LLC, BHB Power LLC

Transaction Advisors
Legal Advisor

Advised onContinental Energy Systems LLC purchases PNM Resources, Inc. /Natural Gas Operations from PNM Resources, Inc.

Investment Advisor

Advised onPNM Resources, Inc. purchases TNP Enterprises, Inc.

Underwriter

Advised onPNM Resources, Inc. issued USD Common Stock

Legal Advisor

Advised onContinental Energy Systems LLC purchases PNM Resources, Inc. /Natural Gas Operations from PNM Resources, Inc.

Managing Director

Advised onPNM Resources, Inc. issued USD Common Stock

Investment Advisor

Advised onCentrica Plc, Direct Energy LP purchase First Choice Power Special Purpose LP from PNM Resources, Inc.

Advisors & Consultants
Advisor

Partner at Troutman Pepper Hamilton Sanders LLP

Advisor

Senior Counsel at Troutman Pepper Hamilton Sanders LLP

Clients

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment comprises of ITC which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries; UNS Energy that offers vertically integrated utility services; Central Hudson which provides regulated electric and gas T&D utility services; FortisBC Energy that distributes natural gas in British Columbia; FortisAlberta which involves in the ownership and operation of regulated electricity distribution facilities; FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets; and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia; and Corporate & Other that includes expenses and revenue items not specifically related to business operations. The company was founded in 1887 and is headquartered in St. John's, Canada.

ERM Power Ltd. is an energy company, which engages in the electricity generation and distribution business. The company was founded by Trevor St Baker in 1980 and is headquartered in Brisbane, Australia.

Key Stats and Financials As of 2020
Market Capitalization
$4.25B
Total Enterprise Value
$7.38B
Earnings Per Share
$2.15
Revenue
$1.52B
EBITDAMargin
39.47%
EBITDA
$601M
Net Profit
$173M
Enterprise Value / Sales
4.84x
Enterprise Value EBITDAOperating
12.09x
TEVNet Income
42.56x
Debt TEV
0.47x
Total Debt
$3.46B
Total Equity
$2.12B
Three Year Compounded Annual Growth Rate Of Revenue
1.89%
Political Donations
$500
2013
$500
2013
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