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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Electric Operating Revenues $ 352,887 $ 346,160 $ 685,755 $ 675,057
Operating Expenses:        
Cost of energy 114,038 109,419 229,683 222,033
Administrative and general 39,928 45,235 83,787 89,093
Energy production costs 44,790 45,846 87,459 93,134
Regulatory disallowances 1,529 0 1,744 0
Depreciation and amortization 46,049 42,163 91,510 84,130
Transmission and distribution costs 16,868 16,068 33,354 32,974
Taxes other than income taxes 17,271 16,133 36,234 33,644
Total operating expenses 280,473 274,864 563,771 555,008
Operating income 72,414 71,296 121,984 120,049
Other Income and Deductions:        
Interest income 1,941 2,040 3,691 4,158
Gains on available-for-sale securities 5,556 4,699 9,580 7,272
Other income 5,717 3,180 10,679 4,754
Other (deductions) (3,707) (2,169) (7,370) (5,102)
Net other income and deductions 9,507 7,750 16,580 11,082
Interest Charges 28,913 29,972 59,186 59,506
Earnings before Income Taxes 53,008 49,074 79,378 71,625
Income Taxes 17,353 15,893 25,870 22,313
Net Earnings 35,655 33,181 53,508 49,312
(Earnings) Attributable to Valencia Non-controlling Interest (3,850) (3,908) (7,231) (7,439)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (264) (264)
Net Earnings Attributable to PNMR 31,673 29,141 46,013 41,609
Net Earnings Available for PNM Common Stock $ 31,673 $ 29,141 $ 46,013 $ 41,609
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 0.40 $ 0.37 $ 0.58 $ 0.52
Diluted (dollars per share) 0.40 0.36 0.57 0.52
Dividends Declared per Common Share (dollars per share) $ 0.200 $ 0.185 $ 0.400 $ 0.37
Public Service Company of New Mexico [Member]        
Electric Operating Revenues $ 275,450 $ 275,704 $ 537,390 $ 538,441
Operating Expenses:        
Cost of energy 95,728 92,642 193,594 189,268
Administrative and general 36,956 40,603 76,524 79,213
Energy production costs 44,790 45,846 87,459 93,134
Regulatory disallowances 1,529 0 1,744 0
Depreciation and amortization 29,002 27,023 57,405 54,105
Transmission and distribution costs 10,272 10,183 21,040 21,510
Taxes other than income taxes 9,994 9,601 20,790 20,100
Total operating expenses 228,271 225,898 458,556 457,330
Operating income 47,179 49,806 78,834 81,111
Other Income and Deductions:        
Interest income 1,946 2,065 3,717 4,193
Gains on available-for-sale securities 5,556 4,699 9,580 7,272
Other income 4,901 2,443 8,292 3,555
Other (deductions) (3,011) (1,630) (4,615) (3,647)
Net other income and deductions 9,392 7,577 16,974 11,373
Interest Charges 19,681 20,023 39,640 39,835
Earnings before Income Taxes 36,890 37,360 56,168 52,649
Income Taxes 11,527 13,106 17,302 17,189
Net Earnings 25,363 24,254 38,866 35,460
(Earnings) Attributable to Valencia Non-controlling Interest (3,850) (3,908) (7,231) (7,439)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (264) (264)
Net Earnings Attributable to PNMR 21,513 20,346 31,635 28,021
Net Earnings Available for PNM Common Stock 21,381 20,214 31,371 27,757
Texas-New Mexico Power Company [Member]        
Electric Operating Revenues 77,437 70,456 148,365 136,616
Operating Expenses:        
Cost of energy 18,310 16,777 36,089 32,765
Administrative and general 8,042 8,768 17,875 18,609
Depreciation and amortization 13,591 12,003 27,049 23,844
Transmission and distribution costs 6,596 5,885 12,314 11,464
Taxes other than income taxes 6,169 5,758 12,378 11,408
Total operating expenses 52,708 49,191 105,705 98,090
Operating income 24,729 21,265 42,660 38,526
Other Income and Deductions:        
Interest income 0 0 0 0
Other income 792 586 2,332 1,006
Other (deductions) 1 (72) (248) (304)
Net other income and deductions 793 514 2,084 702
Interest Charges 6,856 6,655 13,781 13,252
Earnings before Income Taxes 18,666 15,124 30,963 25,976
Income Taxes 6,801 5,590 11,404 9,640
Net Earnings 11,865 9,534 19,559 16,336
(Earnings) Attributable to Valencia Non-controlling Interest 0 0 0 0
Preferred Stock Dividend Requirements of Subsidiary 0 0 0 0
Net Earnings Attributable to PNMR 11,865 9,534 19,559 16,336
Net Earnings Available for PNM Common Stock $ 11,865 $ 9,534 $ 19,559 $ 16,336