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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net earnings (loss) $ 21,205 $ (11,399)
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:    
Depreciation and amortization 78,857 77,535
Deferred income tax expense (benefit) 1,447 (1,826)
(Gains) losses on investment securities (967) 32,849
Stock based compensation expense 4,219 3,801
Allowance for equity funds used during construction (2,621) (1,195)
Other, net 3,234 776
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 17,205 14,027
Materials, supplies, and fuel stock 4,305 3,806
Other current assets (18,978) 105
Other assets 6,561 7,429
Accounts payable (9,647) (1,224)
Accrued interest and taxes 76 (10,830)
Other current liabilities (4,369) (3,570)
Other liabilities (14,050) (16,485)
Net cash flows from operating activities 86,477 93,799
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (172,235) (140,208)
Proceeds from sales of investment securities 123,596 149,355
Purchases of investment securities (126,485) (152,108)
Investments in NMRD 0 (10,000)
Distributions from NMRD 572 0
Other, net 97 122
Net cash flows used in investing activities (174,455) (152,839)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net 165,500 115,500
Long-term borrowings 220,000 0
Repayment of long-term debt (300,000) 0
Proceeds from stock option exercise 0 24
Awards of common stock (9,027) (11,498)
Dividends paid (28,243) (24,625)
Valencia’s transactions with its owner (5,243) (6,434)
Transmission interconnection and security deposit arrangements 5,460 370
Refunds paid under transmission interconnection arrangements (584) (1,744)
Debt issuance costs and other, net (292) (137)
Net cash flows from financing activities 47,571 71,456
Change in Cash, Restricted Cash, and Equivalents (40,407) 12,416
Cash, Restricted Cash, and Equivalents at Beginning of Period 47,928 3,833
Cash, Restricted Cash, and Equivalents at End of Period 7,521 16,249
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 23,317 26,658
Income taxes paid (refunded), net 0 (131)
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions 49,092 6,699
PNM    
Cash Flows From Operating Activities:    
Net earnings (loss) 22,162 (12,196)
Net earnings 18,668 (15,925)
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:    
Depreciation and amortization 50,108 49,422
Deferred income tax expense (benefit) 2,910 (2,141)
(Gains) losses on investment securities (967) 32,849
Allowance for equity funds used during construction (2,135) (1,044)
Other, net 911 811
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 17,491 11,927
Materials, supplies, and fuel stock 4,341 4,340
Other current assets (21,763) (393)
Other assets 5,780 4,612
Accounts payable (934) (260)
Accrued interest and taxes 14,729 5,917
Other current liabilities (1,911) 746
Other liabilities (13,196) (12,588)
Net cash flows from operating activities 77,526 82,002
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (88,198) (70,586)
Proceeds from sales of investment securities 123,596 149,355
Purchases of investment securities (126,485) (152,108)
Other, net 97 122
Net cash flows used in investing activities (90,990) (73,217)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (10,000) 2,000
Dividends paid (132) (132)
Valencia’s transactions with its owner (5,243) (6,434)
Transmission interconnection and security deposit arrangements 3,810 370
Refunds paid under transmission interconnection arrangements (584) (1,744)
Debt issuance costs and other, net 87 (81)
Net cash flows from financing activities (12,062) (6,021)
Change in Cash, Restricted Cash, and Equivalents (25,526) 2,764
Cash, Restricted Cash, and Equivalents at Beginning of Period 31,446 1,001
Cash, Restricted Cash, and Equivalents at End of Period 5,920 3,765
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 7,568 9,397
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions 30,828 (2,366)
Texas-New Mexico Power Company    
Cash Flows From Operating Activities:    
Net earnings 8,735 7,092
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:    
Depreciation and amortization 22,428 22,117
Deferred income tax expense (benefit) (1,471) (2,090)
Other, net (477) (141)
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (286) 2,099
Materials, supplies, and fuel stock (36) (534)
Other current assets 1,231 939
Other assets 1,322 2,310
Accounts payable (3,182) (1,828)
Accrued interest and taxes (9,911) (11,376)
Other current liabilities (373) (2,681)
Other liabilities (1,310) (700)
Net cash flows from operating activities 16,670 15,207
Cash Flows From Investing Activities:    
Additions to utility plant and non-utility plant (76,149) (60,419)
Net cash flows used in investing activities (76,149) (60,419)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net 43,100 55,000
Transmission interconnection and security deposit arrangements 1,650 0
Debt issuance costs and other, net (71) (53)
Net cash flows from financing activities 44,679 54,947
Change in Cash, Restricted Cash, and Equivalents (14,800) 9,735
Cash, Restricted Cash, and Equivalents at Beginning of Period 14,800 1,000
Cash, Restricted Cash, and Equivalents at End of Period 0 10,735
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 9,229 8,452
Income taxes paid (refunded), net 0 (131)
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions $ 13,465 $ 2,839