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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Dual presentation of basic and diluted earnings per share is presented in the Condensed Consolidated Statements of Earnings of PNMR. PNMR’s potentially dilutive shares consist of restricted stock and PNMR common stock issuable in 2020 under the PNMR 2020 Forward Equity Sale Agreements, which are calculated under the treasury stock method. See Note 7 of the Notes to Consolidated Financial Statements in the 2020 Annual Reports on Form 10-K.

Information regarding the computation of earnings per share is as follows:
Three Months Ended
Nine Months Ended
September 30,September 30,
2021202020212020
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR$113,321 $121,768 $184,609 $163,997 
Average Number of Common Shares:
Outstanding during period
85,835 79,654 85,835 79,654 
    Vested awards of restricted stock
237 213 230 205 
Average Shares – Basic
86,072 79,867 86,065 79,859 
Dilutive Effect of Common Stock Equivalents:
PNMR 2020 Forward Equity Sale Agreements— — — 57 
Restricted stock41 39 41 38 
Average Shares – Diluted
86,113 79,906 86,106 79,954 
Net Earnings Per Share of Common Stock:
Basic$1.32 $1.52 $2.14 $2.05 
Diluted$1.32 $1.52 $2.14 $2.05