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Quarterly Operating Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information
Unaudited operating results by quarters for 2019 and 2018 are presented below. In the opinion of management of the Company, all adjustments (consisting of normal recurring accruals) necessary for a fair statement of the results of operations for such periods have been included. The annual results of basic and diluted earnings per share shown below may be impacted by rounding.
 
Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(In thousands, except per share amounts)
 
PNMR
 
 
 
 
 
 
 
 
2019
 
 
 
 
 
 
 
(1) 
Operating revenues
$
349,645

 
$
330,228

 
$
433,586

 
$
344,144

 
Operating income (loss)
36,723

 
(93,615
)
 
140,540

 
60,552

 
Net earnings (loss)
21,662

 
(72,283
)
 
106,763

 
35,989

 
Net earnings (loss) attributable to PNMR
18,700

 
(75,914
)
 
102,771

 
31,805

 
Net earnings (loss) attributable to PNMR per common share:
 
 
 
 
 
 
 
 
Basic
0.23

 
(0.95
)
 
1.29

 
0.40

 
Diluted
0.23

 
(0.95
)
 
1.28

 
0.40

 
2018
 
 
 
 
 
 
 
(2) 
Operating revenues
$
317,878

 
$
352,313

 
$
422,666

 
$
343,756

 
Operating income (loss)
46,132

 
79,329

 
127,990

 
(17,404
)
 
Net earnings (loss)
18,799

 
42,449

 
91,573

 
(51,539
)
 
Net earnings (loss) attributable to PNMR
14,990

 
38,208

 
87,521

 
(55,077
)
 
Net earnings attributable to PNMR per common share:
 
 
 
 
 
 
 
 
Basic
0.19

 
0.48

 
1.10

 
(0.70
)
 
Diluted
0.19

 
0.48

 
1.09

 
(0.69
)
 
PNM
 
 
 
 
 
 
 
(1) 
2019
 
 
 
 
 
 
 
 
Operating revenues
$
269,318

 
$
238,219

 
$
331,113

 
$
255,172

 
Operating income (loss)
24,293

 
(115,977
)
 
108,453

 
44,299

 
Net earnings (loss)
21,974

 
(83,313
)
 
84,721

 
32,040

 
Net earnings (loss) attributable to PNM
19,144

 
(86,812
)
 
80,861

 
27,988

 
2018
 
 
 
 
 
 
 
(2) 
Operating revenues
$
236,232

 
$
264,511

 
$
331,374

 
$
259,848

 
Operating income
28,292

 
52,879

 
102,516

 
(38,654
)
 
Net earnings (loss)
11,514

 
30,781

 
81,428

 
(53,400
)
 
Net earnings (loss) attributable to PNM
7,837

 
26,672

 
77,508

 
(56,806
)
 
TNMP
 
 
 
 
 
 
 
 
2019
 
 
 
 
 
 
 
 
Operating revenues
$
80,327

 
$
92,009

 
$
102,473

 
$
88,972

 
Operating income
12,585

 
22,578

 
32,596

 
18,055

 
Net earnings
4,098

 
15,267

 
25,087

 
11,347

 
2018
 
 
 
 
 
 
 
 
Operating revenues
$
81,646

 
$
87,802

 
$
91,292

 
$
83,908

 
Operating income
18,532

 
26,829

 
27,824

 
23,312

 
Net earnings
9,413

 
15,367

 
16,100

 
10,711

 

(1) 2019 reflects pre-tax impairments of $150.6 million offset by $45.7 million of related tax impacts resulting from the NM Supreme Court’s ruling on the appeals in the NM 2015 Rate Case. See Note 17.

(2) 2018 reflects pre-tax regulatory disallowances and restructuring costs of $63.3 million primarily resulting from the impairment of PNM’s 132 MW and 65 MW interests in SJGS Unit 4 and for an adjustment to PNM’s coal mine reclamation obligation for the mine that serves SJGS. See additional discussion under December 2018 Compliance Filing and under Coal Mine Reclamation in Note 16.