PNM Resources, Inc. (NYSE:PNM) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET

Company Participants

Lisa Goodman - Executive Director, Investor Relations

Pat Vincent-Collawn - Chairman and CEO

Don Tarry - President and Chief Operating Officer

Lisa Eden - Senior Vice President and Chief Financial Officer

Conference Call Participants

Ryan Levine - Citi

Paul Fremont - Mizuho

Operator

Good day, and welcome to the PNM Resources Second Quarter 2022 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, 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, Dave, and good morning. And thank you, everyone for joining us this morning for the PNM Resources second quarter 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, 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 the 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. Today is special. You get to pick the National Day you want to celebrate with us; National Chocolate Chip Cookie Day, National IPA Day or National White Wine Day. And I know, the choice don’t come easy.

On Slide 4, I’ll start with our financial results. Ongoing earnings increased during the second quarter compared to last year, coming in at $0.57. We are affirming our guidance for both 2022 and 2023. Don and Lisa will talk more about the detailed results and guidance considerations.