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Condensed Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Electric Operating Revenues:        
Contracts with customers $ 531,966 $ 481,881 $ 1,320,779 $ 1,197,359
Alternative revenue programs (11,643) (9,483) (14,569) (3,156)
Other electric operating revenue 209,565 82,153 367,526 151,595
Total electric operating revenues 729,888 554,551 1,673,736 1,345,798
Operating Expenses:        
Administrative and general 58,125 56,520 165,328 168,458
Regulatory disallowances and restructuring costs (567) 436 832 436
Depreciation and amortization 76,570 71,438 229,103 212,039
Transmission and distribution costs 21,538 19,996 61,160 56,166
Taxes other than income taxes 22,651 22,678 71,207 65,440
Total operating expenses 547,125 402,822 1,336,513 1,076,700
Operating income 182,763 151,729 337,223 269,098
Other Income and Deductions:        
Investment Income, Interest 3,969 3,329 11,588 10,466
Gains (losses) on investment securities (15,736) 1,948 (84,104) 16,108
Other income 5,364 5,686 14,845 14,592
Other (deductions) (1,647) (5,098) (7,529) (13,836)
Net other income and deductions (8,050) 5,865 (65,200) 27,330
Interest Charges 34,526 23,244 89,963 73,247
Earnings before Income Taxes 140,187 134,350 182,060 223,181
Income Taxes (Benefits) 13,450 16,668 16,982 26,533
Net Earnings 126,737 117,682 165,078 196,648
(Earnings) Attributable to Valencia Non-controlling Interest (4,172) (4,229) (10,897) (11,643)
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Available for PNM Common Stock 122,433 113,321 153,785 184,609
Energy        
Electric Operating Revenues:        
Total electric operating revenues 729,888 554,551 1,673,736 1,345,798
Operating Expenses:        
Energy costs 334,339 199,380 698,349 467,452
Energy Production        
Operating Expenses:        
Energy costs 34,469 32,374 110,534 106,709
PNM        
Electric Operating Revenues:        
Contracts with customers 388,371 361,701 944,235 884,559
Alternative revenue programs (599) (8,331) 1,039 (5,469)
Other electric operating revenue 209,565 82,153 367,526 151,595
Total electric operating revenues 597,337 435,523 1,312,800 1,030,685
Operating Expenses:        
Administrative and general 51,900 49,906 149,361 143,176
Regulatory disallowances and restructuring costs (567) 436 832 436
Depreciation and amortization 45,361 42,673 137,132 127,111
Transmission and distribution costs 12,549 12,844 37,678 34,906
Taxes other than income taxes 10,359 11,825 36,768 35,411
Total operating expenses 457,422 320,960 1,078,434 831,305
Operating income 139,915 114,563 234,366 199,380
Other Income and Deductions:        
Investment Income, Interest 3,888 3,364 10,288 10,376
Gains (losses) on investment securities (15,736) 1,948 (84,104) 16,108
Other income 2,086 2,940 7,997 8,232
Other (deductions) (793) (3,530) (5,368) (10,635)
Net other income and deductions (10,555) 4,722 (71,187) 24,081
Interest Charges 15,467 12,509 44,562 38,441
Earnings before Income Taxes 113,893 106,776 118,617 185,020
Income Taxes (Benefits) 12,121 15,500 11,762 26,178
Net Earnings 101,772 91,276 106,855 158,842
(Earnings) Attributable to Valencia Non-controlling Interest (4,172) (4,229) (10,897) (11,643)
Net Earnings Attributable to PNM 97,600 87,047 95,958 147,199
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Available for PNM Common Stock 97,468 86,915 95,562 146,803
PNM | Energy        
Operating Expenses:        
Energy costs 303,351 170,902 606,129 383,556
PNM | Energy Production        
Operating Expenses:        
Energy costs $ 34,469 $ 32,374 $ 110,534 $ 106,709