PNM Resources PNM

EnergyMarket cap $3B1 connection

PNM Resources serves New Mexico and Texas with electricity and natural gas. Its transition from coal to renewables - solar and wind in New Mexico's abundant resource zones - is among the most aggressive in the Southwest. The Four Corners Power Plant retirement marks the end of coal in New Mexico's grid.

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Competitors 1

Companies it competes with

Xcel EnergyEnergy · $32BSouthwest utilities

Other Energy companies

Saudi Aramco ExxonMobil Chevron Shell plc NextEra Energy ConocoPhillips TotalEnergies BP plc Duke Energy Constellation Energy

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Relationships are compiled by VexMap from company filings, announcements and reporting, and last reviewed September 2026. Spotted something wrong? Tell us. Not investment advice.