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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Electric Operating Revenues $ 417,433 $ 413,951 $ 1,103,187 $ 1,089,008
Operating Expenses:        
Cost of energy 124,255 132,499 353,939 354,532
Administrative and general 46,375 42,190 130,161 131,283
Energy production costs 42,168 43,287 129,627 136,422
Regulatory disallowances 0 0 1,744 0
Depreciation and amortization 47,503 44,295 139,013 128,424
Transmission and distribution costs 16,768 16,884 50,123 49,857
Taxes other than income taxes 18,859 17,997 55,093 51,641
Total operating expenses 295,928 297,152 859,700 852,159
Operating income 121,505 116,799 243,487 236,849
Other Income and Deductions:        
Interest income 1,151 2,084 4,842 6,241
Gains on available-for-sale securities 2,536 962 12,116 8,234
Other income 6,165 2,895 16,844 7,648
Other (deductions) (3,222) (2,084) (10,591) (7,185)
Net other income and deductions 6,630 3,857 23,211 14,938
Interest Charges 27,528 30,115 86,714 89,621
Earnings before Income Taxes 100,607 90,541 179,984 162,166
Income Taxes 35,752 31,055 61,621 53,368
Net Earnings 64,855 59,486 118,363 108,798
(Earnings) Attributable to Valencia Non-controlling Interest (3,678) (3,701) (10,909) (11,140)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (396) (396)
Net Earnings Attributable to PNMR 61,045 55,653 107,058 97,262
Net Earnings Available for PNM Common Stock $ 61,045 $ 55,653 $ 107,058 $ 97,262
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 0.77 $ 0.70 $ 1.34 $ 1.22
Diluted (dollars per share) 0.76 0.69 1.34 1.21
Dividends Declared per Common Share (dollars per share) $ 0.200 $ 0.185 $ 0.600 $ 0.555
Public Service Company of New Mexico [Member]        
Electric Operating Revenues $ 333,437 $ 334,993 $ 870,826 $ 873,434
Operating Expenses:        
Cost of energy 105,708 115,097 299,302 304,365
Administrative and general 41,927 37,519 118,450 116,731
Energy production costs 42,168 43,287 129,627 136,422
Regulatory disallowances 0 0 1,744 0
Depreciation and amortization 29,042 27,524 86,446 81,629
Transmission and distribution costs 10,478 10,693 31,519 32,202
Taxes other than income taxes 10,404 10,258 31,194 30,359
Total operating expenses 239,727 244,378 698,282 701,708
Operating income 93,710 90,615 172,544 171,726
Other Income and Deductions:        
Interest income 1,152 2,102 4,869 6,295
Gains on available-for-sale securities 2,536 962 12,116 8,234
Other income 5,369 1,804 13,661 5,359
Other (deductions) (2,616) (1,197) (7,230) (4,844)
Net other income and deductions 6,441 3,671 23,416 15,044
Interest Charges 19,837 20,092 59,477 59,927
Earnings before Income Taxes 80,314 74,194 136,483 126,843
Income Taxes 27,258 25,142 44,560 42,331
Net Earnings 53,056 49,052 91,923 84,512
(Earnings) Attributable to Valencia Non-controlling Interest (3,678) (3,701) (10,909) (11,140)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (396) (396)
Net Earnings Attributable to PNMR 49,378 45,351 81,014 73,372
Net Earnings Available for PNM Common Stock 49,246 45,219 80,618 72,976
Texas-New Mexico Power Company [Member]        
Electric Operating Revenues 83,996 78,958 232,361 215,574
Operating Expenses:        
Cost of energy 18,547 17,402 54,637 50,167
Administrative and general 9,071 9,230 26,946 27,839
Depreciation and amortization 15,016 13,432 42,065 37,276
Transmission and distribution costs 6,290 6,191 18,604 17,655
Taxes other than income taxes 7,405 6,830 19,782 18,238
Total operating expenses 56,329 53,085 162,034 151,175
Operating income 27,667 25,873 70,327 64,399
Other Income and Deductions:        
Interest income 0 0 0 0
Other income 774 1,072 3,106 2,078
Other (deductions) (102) (279) (349) (583)
Net other income and deductions 672 793 2,757 1,495
Interest Charges 6,855 6,870 20,636 20,122
Earnings before Income Taxes 21,484 19,796 52,448 45,772
Income Taxes 7,795 7,441 19,200 17,081
Net Earnings 13,689 12,355 33,248 28,691
(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 13,689 12,355 33,248 28,691
Net Earnings Available for PNM Common Stock $ 13,689 $ 12,355 $ 33,248 $ 28,691