PNM Resources, Inc. (NYSE:PNM) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ET

Company Participants

Lisa Goodman - Executive Director of IR

Pat Vincent-Collawn - Chairman & CEO

Don Tarry - President & COO

Lisa Eden - SVP & CFO

Conference Call Participants

Paul Zimbardo - Bank of America

Ryan Levine - Citi

Jonathan Reeder - Wells Fargo

Anthony Crowdell - Mizuho

Tim Winter - Gabelli Funds

Operator

Good morning and welcome to the PNM Resources Fourth Quarter 2022 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Lisa Goodman, Executive Director of Investor Relations. Please go ahead.

Lisa Goodman

Thank you, Joe and thank you everyone for joining us this morning for the PNM Resources fourth quarter and 2022 earnings call. Please note that the presentation for this conference call and other supporting documents are available on our website at pnmresources.com. Joining me today are PNM Resources' Chairman and CEO, Pat Vincent-Collawn; President and Chief Operating Officer; Don Tarry; and Senior Vice President and Chief Financial Officer, and Treasurer, Lisa Eden.

Before I turn the call over to Pat, I need to remind you that some of the information provided this morning should be considered forward-looking statements pursuant to the Private Securities Litigation Reform Act of 1995. We caution you that all of the forward-looking statements are based upon current expectations and estimates and that PNM Resources assumes no obligation to update this information.

For a detailed discussion of factors affecting PNM Resources results, please refer to our current and future annual reports on Form 10-K, quarterly reports on Form 10-Q, as well as reports on Form 8-K filed with SEC.

With that, I will turn the call over to Pat.

Pat Vincent-Collawn

Thank you, Lisa. Good morning, everyone and thank you for joining us today on this beautiful setting New Mexico Friday morning. Today is the day we celebrate some of our favorite people. It is World Bartender Day and I'm just going to leave it at that. 2022 was a year full of successes as we stayed committed to moving forward and executing on our business plans or as one might say taken care of business. Today, we will cover our year-end results for 2022 to provide an update on our pending merger with AVANGRID, review operational highlights, and share more details on our earnings guidance for 2023.