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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Electric Operating Revenues $ 400,374 $ 417,433 $ 1,026,726 $ 1,103,187
Operating Expenses:        
Cost of energy 108,766 124,255 282,498 353,939
Administrative and general 46,942 46,375 139,214 130,161
Energy production costs 31,460 42,168 112,026 129,627
Regulatory disallowances and restructuring costs 16,451 0 17,225 1,744
Depreciation and amortization 53,017 47,503 153,801 139,013
Transmission and distribution costs 16,056 16,768 49,965 50,123
Taxes other than income taxes 19,611 18,859 57,598 55,093
Total operating expenses 292,303 295,928 812,327 859,700
Operating income 108,071 121,505 214,399 243,487
Other Income and Deductions:        
Interest income 4,604 1,151 18,420 4,842
Gains on available-for-sale securities 4,531 2,536 15,380 12,116
Other income 4,884 6,165 13,413 16,844
Other (deductions) (3,764) (3,222) (10,866) (10,591)
Net other income and deductions 10,255 6,630 36,347 23,211
Interest Charges 32,467 27,528 97,179 86,714
Earnings before Income Taxes 85,859 100,607 153,567 179,984
Income Taxes 27,303 35,752 50,094 61,621
Net Earnings 58,556 64,855 103,473 118,363
(Earnings) Attributable to Valencia Non-controlling Interest (4,006) (3,678) (11,037) (10,909)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (396) (396)
Net Earnings Attributable to PNMR 54,418 61,045 92,040 107,058
Net Earnings Available for PNM Common Stock $ 54,418 $ 61,045 $ 92,040 $ 107,058
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 0.68 $ 0.77 $ 1.15 $ 1.34
Diluted (dollars per share) 0.68 0.76 1.15 1.34
Dividends Declared per Common Share (dollars per share) $ 0.22 $ 0.200 $ 0.66 $ 0.600
Public Service Company of New Mexico [Member]        
Electric Operating Revenues $ 311,276 $ 333,437 $ 780,228 $ 870,826
Operating Expenses:        
Cost of energy 88,565 105,708 222,376 299,302
Administrative and general 41,370 41,927 122,553 118,450
Energy production costs 31,460 42,168 112,026 129,627
Regulatory disallowances and restructuring costs 16,451 0 17,225 1,744
Depreciation and amortization 33,312 29,042 97,778 86,446
Transmission and distribution costs 9,311 10,478 29,868 31,519
Taxes other than income taxes 10,750 10,404 33,289 31,194
Total operating expenses 231,219 239,727 635,115 698,282
Operating income 80,057 93,710 145,113 172,544
Other Income and Deductions:        
Interest income 1,509 1,152 8,549 4,869
Gains on available-for-sale securities 4,531 2,536 15,380 12,116
Other income 3,239 5,369 9,578 13,661
Other (deductions) (2,790) (2,616) (7,653) (7,230)
Net other income and deductions 6,489 6,441 25,854 23,416
Interest Charges 22,213 19,837 66,494 59,477
Earnings before Income Taxes 64,333 80,314 104,473 136,483
Income Taxes 19,343 27,258 32,131 44,560
Net Earnings 44,990 53,056 72,342 91,923
(Earnings) Attributable to Valencia Non-controlling Interest (4,006) (3,678) (11,037) (10,909)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (396) (396)
Net Earnings Attributable to PNMR 40,984 49,378 61,305 81,014
Net Earnings Available for PNM Common Stock 40,852 49,246 60,909 80,618
Texas-New Mexico Power Company [Member]        
Electric Operating Revenues 89,098 83,996 246,498 232,361
Operating Expenses:        
Cost of energy 20,201 18,547 60,122 54,637
Administrative and general 9,588 9,071 29,382 26,946
Depreciation and amortization 16,354 15,016 45,760 42,065
Transmission and distribution costs 6,745 6,290 20,097 18,604
Taxes other than income taxes 7,851 7,405 20,849 19,782
Total operating expenses 60,739 56,329 176,210 162,034
Operating income 28,359 27,667 70,288 70,327
Other Income and Deductions:        
Other income 1,376 774 2,999 3,106
Other (deductions) (521) (102) (860) (349)
Net other income and deductions 855 672 2,139 2,757
Interest Charges 7,308 6,855 22,150 20,636
Earnings before Income Taxes 21,906 21,484 50,277 52,448
Income Taxes 8,053 7,795 18,460 19,200
Net Earnings Attributable to PNMR $ 13,853 $ 13,689 $ 31,817 $ 33,248