Quarterly Operating Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Quarterly Financial Information [Table Text Block]

Unaudited operating results by quarters for 2011 and 2010 are presented below. In the opinion of management of the Company, all adjustments (consisting of normal recurring accruals) necessary for a fair statement of the results of operations for such periods have been included.



	Quarter Ended
	March 31			June 30			September 30		December 31
	(In thousands, except per share amounts)
PNMR
2011
Operating revenues	$	387,663		$	415,586		$	549,498	$	347,872
Operating income	52,220			32,860			108,284		63,935
Net earnings⁽¹⁾	19,952			7,669			47,905		115,408
Net earnings attributable to PNMR	16,637			4,067			43,662		111,993
Net Earnings Attributable to PNMR per Common Share:
Basic	0.18			0.04			0.48		1.36
Diluted	0.18			0.04			0.48		1.35
2010
Operating revenues	$	383,396		$	405,817		$	503,653	$	380,651
Operating income	10,482			73,674			105,408		49,888
Net earnings (loss)	(5,214		)	26,302			52,593		(104,805		)
Net earnings (loss) attributable to PNMR	(8,449		)	22,878			48,552		(108,196		)
Net Earnings (Loss) Attributable to PNMR per Common Share:
Basic	(0.09		)	0.25			0.53		(1.18		)
Diluted	(0.09		)	0.25			0.53		(1.18		)
PNM
2011
Operating revenues	$	234,238		$	239,234		$	323,760	$	260,057
Operating income	18,165			10,543			87,914		44,821
Net earnings	6,964			2,097			42,572		16,905
Net earnings (loss) attributable to PNM	3,781			(1,373		)	38,461		13,622
2010
Operating revenues	$	230,536		$	243,060		$	304,268	$	239,264
Operating income	12,457			33,390			80,675		21,600
Net earnings	7,551			12,194			43,163		7,953
Net earnings attributable to PNM	4,448			8,902			39,254		4,694
TNMP
2011
Operating revenues	$	53,842		$	59,957		$	66,983	$	57,076
Operating income	13,724			13,695			21,551		14,872
Net earnings	4,163			4,102			8,868		5,124
2010
Operating revenues	$	48,177		$	52,569		$	61,204	$	50,638
Operating income	10,242			14,441			19,623		12,105
Net earnings	1,644			4,106			7,329		2,903

⁽¹⁾ During the fourth quarter of 2011, PNMR completed the sale of First Choice which resulted in a $174.9 million ($97.0 million after-tax) gain, that positively affected net earnings, net earnings attributable to PNMR, and earnings per share. See Note 2.