Quarterly Operating Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Quarterly Financial Information [Table Text Block]

Unaudited operating results by quarters for 2012 and 2011 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
2012
Operating revenues	$	305,374	$	323,860		$	390,411	$	322,758
Operating income	53,729		65,106			118,150		36,736
Net earnings	20,477		25,099			61,976		12,573
Net earnings attributable to PNMR	17,080		21,512			57,864		9,091
Net Earnings Attributable to PNMR per Common Share:
Basic	0.21		0.27			0.73		0.11
Diluted	0.21		0.27			0.72		0.11
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
PNM
2012
Operating revenues	$	250,416	$	260,094		$	321,731	$	260,023
Operating income	42,105		46,669			96,973		20,135
Net earnings	21,077		20,340			54,891		9,293
Net earnings attributable to PNM	17,812		16,885			50,911		5,943
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
TNMP
2012
Operating revenues	$	54,958	$	63,766		$	68,680	$	62,736
Operating income	11,791		18,897			20,970		15,862
Net earnings	3,011		8,018			9,084		6,634
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

⁽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 3.