Quarterly Operating Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Quarterly Financial Information

Unaudited operating results by quarters for 2014 and 2013 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
2014
Operating revenues	$	328,897	$	346,160	$	413,951	$	346,845
Operating income	48,753		71,296		116,799		62,849
Net earnings	16,131		33,181		59,486		22,111
Net earnings attributable to PNMR	12,468		29,141		55,653		18,992
Net Earnings Attributable to PNMR per Common Share:
Basic	0.16		0.37		0.70		0.24
Diluted	0.16		0.36		0.69		0.24
2013
Operating revenues	$	317,665	$	347,599	$	399,730	$	322,929
Operating income	50,704		77,867		117,739		40,532
Net earnings	13,962		31,383		58,814		11,397
Net earnings attributable to PNMR	10,626		27,678		54,555		7,648
Net Earnings Attributable to PNMR per Common Share:
Basic	0.13		0.35		0.68		0.10
Diluted	0.13		0.34		0.68		0.10
PNM
2014
Operating revenues	$	262,736	$	275,704	$	334,993	$	274,481
Operating income	31,304		49,806		90,615		40,988
Net earnings	11,205		24,254		49,052		16,942
Net earnings attributable to PNM	7,674		20,346		45,351		13,955
2013
Operating revenues	$	257,894	$	279,690	$	326,026	$	252,702
Operating income	37,239		58,302		95,217		18,427
Net earnings	14,773		29,697		51,950		6,256
Net earnings attributable to PNM	11,569		26,124		47,823		2,639
TNMP
2014
Operating revenues	$	66,161	$	70,456	$	78,958	$	72,364
Operating income	17,262		21,265		25,873		21,188
Net earnings	6,803		9,534		12,355		9,115
2013
Operating revenues	$	59,771	$	67,909	$	73,704	$	70,227
Operating income	13,054		19,667		22,254		17,210
Net earnings	3,726		8,339		10,106		6,919