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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Electric Operating Revenues $ 315,391 $ 352,887 $ 626,352 $ 685,755
Operating Expenses:        
Cost of energy 81,363 114,038 173,732 229,683
Administrative and general 45,160 39,928 92,270 83,787
Energy production costs 37,881 44,790 80,567 87,459
Regulatory disallowances and restructuring costs 0 1,529 774 1,744
Depreciation and amortization 50,955 46,049 100,784 91,510
Transmission and distribution costs 17,315 16,868 33,909 33,354
Taxes other than income taxes 17,895 17,271 37,987 36,234
Total operating expenses 250,569 280,473 520,023 563,771
Operating income 64,822 72,414 106,329 121,984
Other Income and Deductions:        
Interest income 10,194 1,941 13,815 3,691
Gains on available-for-sale securities 4,631 5,556 10,849 9,580
Other income 4,265 5,717 8,530 10,679
Other (deductions) (4,105) (3,707) (7,104) (7,370)
Net other income and deductions 14,985 9,507 26,090 16,580
Interest Charges 33,221 28,913 64,712 59,186
Earnings before Income Taxes 46,586 53,008 67,707 79,378
Income Taxes 15,634 17,353 22,790 25,870
Net Earnings 30,952 35,655 44,917 53,508
(Earnings) Attributable to Valencia Non-controlling Interest (3,744) (3,850) (7,031) (7,231)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (264) (264)
Net Earnings Attributable to PNMR 27,076 31,673 37,622 46,013
Net Earnings Available for PNM Common Stock $ 27,076 $ 31,673 $ 37,622 $ 46,013
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 0.34 $ 0.40 $ 0.47 $ 0.58
Diluted (dollars per share) 0.34 0.40 0.47 0.57
Dividends Declared per Common Share (dollars per share) $ 0.220 $ 0.200 $ 0.44 $ 0.400
Public Service Company of New Mexico [Member]        
Electric Operating Revenues $ 233,346 $ 275,450 $ 468,952 $ 537,390
Operating Expenses:        
Cost of energy 61,367 95,728 133,811 193,594
Administrative and general 39,152 36,956 81,181 76,524
Energy production costs 37,881 44,790 80,567 87,459
Regulatory disallowances and restructuring costs 0 1,529 774 1,744
Depreciation and amortization 32,602 29,002 64,466 57,405
Transmission and distribution costs 10,241 10,272 20,557 21,040
Taxes other than income taxes 10,343 9,994 22,540 20,790
Total operating expenses 191,586 228,271 403,896 458,556
Operating income 41,760 47,179 65,056 78,834
Other Income and Deductions:        
Interest income 5,518 1,946 7,040 3,717
Gains on available-for-sale securities 4,631 5,556 10,849 9,580
Other income 2,953 4,901 6,339 8,292
Other (deductions) (3,202) (3,011) (4,863) (4,615)
Net other income and deductions 9,900 9,392 19,365 16,974
Interest Charges 22,690 19,681 44,281 39,640
Earnings before Income Taxes 28,970 36,890 40,140 56,168
Income Taxes 9,177 11,527 12,788 17,302
Net Earnings 19,793 25,363 27,352 38,866
(Earnings) Attributable to Valencia Non-controlling Interest (3,744) (3,850) (7,031) (7,231)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (264) (264)
Net Earnings Attributable to PNMR 16,049 21,513 20,321 31,635
Net Earnings Available for PNM Common Stock 15,917 21,381 20,057 31,371
Texas-New Mexico Power Company [Member]        
Electric Operating Revenues 82,045 77,437 157,400 148,365
Operating Expenses:        
Cost of energy 19,996 18,310 39,921 36,089
Administrative and general 10,204 8,042 19,794 17,875
Depreciation and amortization 14,897 13,591 29,406 27,049
Transmission and distribution costs 7,074 6,596 13,352 12,314
Taxes other than income taxes 6,499 6,169 12,998 12,378
Total operating expenses 58,670 52,708 115,471 105,705
Operating income 23,375 24,729 41,929 42,660
Other Income and Deductions:        
Other income 1,031 792 1,624 2,332
Other (deductions) (354) 1 (339) (248)
Net other income and deductions 677 793 1,285 2,084
Interest Charges 7,473 6,856 14,841 13,781
Earnings before Income Taxes 16,579 18,666 28,373 30,963
Income Taxes 6,071 6,801 10,408 11,404
Net Earnings Attributable to PNMR $ 10,508 $ 11,865 $ 17,965 $ 19,559