PNM Resources PNM reported 2020 earnings of $2.28 per share, increasing 5.6% from the year-ago figure.GAAP earnings for 2020 were $2.15 per share compared with 97 cents in 2019.Total RevenuesOperating revenues for 2020 of $1,523.1 million were up 4.5% from $1,457.6 million in 2019.PNM Resources, Inc. Price, Consensus and EPS Surprise PNM Resources, Inc. price-consensus-eps-surprise-chart | PNM Resources, Inc. QuoteHighlights of the ReleaseTotal operating expenses for the year under review summed $1,237.7 million, down 5.8% from $1,313.4 million in 2019.Operating income for 2020 was $285.3 million, up 97.8% from $144.2 million in 2019.PNM Resources and AVANGRID have entered into a merger agreement. This merger, which is anticipated to close in second-half 2021, will create a utility with more than 7.4 gigawatts of renewable energy assets.GuidanceThe company reaffirmed its 2021 earnings per share guidance in the range of $2.27-$2.37, the midpoint of which is $2.32, higher than the Zacks Consensus Estimate of $2.28.It is focused on strengthening its infrastructure and plans to invest $3.96 billion in the 2021-2025 time period for the same.Zacks RankPNM Resources currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesExelon Corporation’s EXC fourth-quarter 2020 operating earnings of 76 cents per share surpassed the Zacks Consensus Estimate of 71 cents by 7%.Xcel Energy Inc. XEL posted fourth-quarter 2020 operating earnings of 54 cents per share, in line with the Zacks Consensus Estimate.Evergy, Inc. EVRG reported fourth-quarter 2020 operating earnings of 28 cents per share, which surpassed the Zacks Consensus Estimate of 20 cents by 40%.Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.9% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelon Corporation (EXC): Free Stock Analysis Report Xcel Energy Inc. (XEL): Free Stock Analysis Report PNM Resources, Inc. (PNM): Free Stock Analysis Report Evergy Inc. (EVRG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research