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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Summary of Financial Information by Segment
The following tables present summarized financial information for PNMR by segment. PNM and TNMP each operate in only one segment. Therefore, tabular segment information is not presented for PNM and TNMP.

PNMR SEGMENT INFORMATION
 
PNM
 
TNMP
 
Corporate
and Other
 
PNMR Consolidated
 
(In thousands)
Three Months Ended September 30, 2019
 
Electric operating revenues
$
331,113

 
$
102,473

 
$
—

 
$
433,586

Cost of energy
84,915

 
23,821

 
—

 
108,736

Utility margin
246,198

 
78,652

 
—

 
324,850

Other operating expenses
97,200

 
24,051

 
(5,291
)
 
115,960

Depreciation and amortization
40,545

 
22,005

 
5,800

 
68,350

Operating income (loss)
108,453

 
32,596

 
(509
)
 
140,540

Interest income
3,515

 
—

 
(75
)
 
3,440

Other income (deductions)
770

 
1,766

 
(206
)
 
2,330

Interest charges
(18,492
)
 
(7,047
)
 
(4,820
)
 
(30,359
)
Segment earnings (loss) before income taxes
94,246

 
27,315

 
(5,610
)
 
115,951

Income taxes (benefit)
9,525

 
2,228

 
(2,565
)
 
9,188

Segment earnings (loss)
84,721

 
25,087

 
(3,045
)
 
106,763

Valencia non-controlling interest
(3,860
)
 
—

 
—

 
(3,860
)
Subsidiary preferred stock dividends
(132
)
 
—

 
—

 
(132
)
Segment earnings (loss) attributable to PNMR
$
80,729

 
$
25,087

 
$
(3,045
)
 
$
102,771

 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
Electric operating revenues
$
838,649

 
$
274,809

 
$
—

 
$
1,113,458

Cost of energy
243,120

 
71,025

 
—

 
314,145

Utility margin
595,529

 
203,784

 
—

 
799,313

Other operating expenses
459,180

 
73,303

 
(16,589
)
 
515,894

Depreciation and amortization
119,581

 
62,722

 
17,468

 
199,771

Operating income (loss)
16,768

 
67,759

 
(879
)
 
83,648

Interest income
10,701

 
—

 
(212
)
 
10,489

Other income (deductions)
19,307

 
3,083

 
(1,021
)
 
21,369

Interest charges
(55,379
)
 
(22,408
)
 
(13,998
)
 
(91,785
)
Segment earnings (loss) before income taxes
(8,603
)
 
48,434

 
(16,110
)
 
23,721

Income taxes (benefit)
(31,984
)
 
3,982

 
(4,418
)
 
(32,420
)
Segment earnings (loss)
23,381

 
44,452

 
(11,692
)
 
56,141

Valencia non-controlling interest
(10,188
)
 
—

 
—

 
(10,188
)
Subsidiary preferred stock dividends
(396
)
 
—

 
—

 
(396
)
Segment earnings (loss) attributable to PNMR
$
12,797

 
$
44,452

 
$
(11,692
)
 
$
45,557

 
 
 
 
 
 
 
 
At September 30, 2019:
 
 
 
 
 
 
 
Total Assets
$
5,176,831

 
$
1,832,066

 
$
192,035

 
$
7,200,932

Goodwill
$
51,632

 
$
226,665

 
$
—

 
$
278,297

 
PNM
 
TNMP
 
Corporate
and Other
 
PNMR Consolidated
 
(In thousands)
Three Months Ended September 30, 2018
 
 
 
 
 
 
 
Electric operating revenues
$
331,374

 
$
91,292

 
$
—

 
$
422,666

Cost of energy
92,384

 
21,152

 
—

 
113,536

Utility margin
238,990

 
70,140

 
—

 
309,130

Other operating expenses
98,000

 
25,140

 
(3,580
)
 
119,560

Depreciation and amortization
38,474

 
17,176

 
5,930

 
61,580

Operating income (loss)
102,516

 
27,824

 
(2,350
)
 
127,990

Interest income
3,472

 
—

 
(72
)
 
3,400

Other income (deductions)
2,515

 
1,151

 
(92
)
 
3,574

Interest charges
(18,063
)
 
(8,241
)
 
(4,188
)
 
(30,492
)
Segment earnings (loss) before income taxes
90,440

 
20,734

 
(6,702
)
 
104,472

Income taxes (benefit)
9,012

 
4,634

 
(747
)
 
12,899

Segment earnings (loss)
81,428

 
16,100

 
(5,955
)
 
91,573

Valencia non-controlling interest
(3,920
)
 
—

 
—

 
(3,920
)
Subsidiary preferred stock dividends
(132
)
 
—

 
—

 
(132
)
Segment earnings (loss) attributable to PNMR
$
77,376

 
$
16,100

 
$
(5,955
)
 
$
87,521

 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
Electric operating revenues
$
832,116

 
$
260,741

 
$
—

 
$
1,092,857

Cost of energy
229,547

 
64,256

 
—

 
293,803

Utility margin
602,569

 
196,485

 
—

 
799,054

Other operating expenses
305,569

 
73,624

 
(13,955
)
 
365,238

Depreciation and amortization
113,314

 
49,676

 
17,375

 
180,365

Operating income (loss)
183,686

 
73,185

 
(3,420
)
 
253,451

Interest income
9,340

 
—

 
2,522

 
11,862

Other income (deductions)
588

 
3,067

 
(441
)
 
3,214

Interest charges
(58,881
)
 
(23,771
)
 
(14,216
)
 
(96,868
)
Segment earnings (loss) before income taxes
134,733

 
52,481

 
(15,555
)
 
171,659

Income taxes (benefit)
11,009

 
11,602

 
(3,773
)
 
18,838

Segment earnings (loss)
123,724

 
40,879

 
(11,782
)
 
152,821

Valencia non-controlling interest
(11,706
)
 
—

 
—

 
(11,706
)
Subsidiary preferred stock dividends
(396
)
 
—

 
—

 
(396
)
Segment earnings (loss) attributable to PNMR
$
111,622

 
$
40,879

 
$
(11,782
)
 
$
140,719

 
 
 
 
 
 
 
 
At September 30, 2018:
 
 
 
 
 
 
 
Total Assets
$
5,042,761

 
$
1,628,842

 
$
177,392

 
$
6,848,995

Goodwill
$
51,632

 
$
226,665

 
$
—

 
$
278,297