PNM Resources (Holding) Profit Margin 2006-2020 | PNM
Current and historical gross margin, operating margin and net profit margin for PNM Resources (Holding) (PNM) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. PNM Resources (Holding) net profit margin as of March 31, 2020 is 2.92%.
|PNM Resources (Holding) Annual Profit Margins
|PNM Resources (Holding) Quarterly Profit Margins
||Utility - Electric Power Distribution
PNM Resources, Inc. is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. In New Mexico, the utility's retail electric service territory covers a large area of north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, and certain areas of southern New Mexico. Service to retail electric customers is subject to the jurisdiction of the NMPRC. PNM has decided to stop pursuing wholesale generation contracts although some sales continue to be made to wholesale customers. Service to wholesale customers is regulated by FERC. Regulation encompasses the utility's electric rates, service, accounting, issuances of securities, construction of major new generation, types of generation resources, transmission and distribution facilities, and other matters.