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Condensed Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Electric Operating Revenues $ 544,077 $ 444,118
Operating Expenses:    
Administrative and general 55,110 55,861
Depreciation and amortization 78,074 75,764
Transmission and distribution costs 22,196 18,466
Taxes other than income taxes 25,562 23,979
Total operating expenses 444,986 376,050
Operating income 99,091 68,068
Other Income and Deductions:    
Interest income 4,843 4,292
Gains (losses) on investment securities 6,442 (26,573)
Other income 3,093 4,330
Other (deductions) (2,493) (2,241)
Net other income and deductions 11,885 (20,192)
Interest Charges 40,923 26,220
Earnings before Income Taxes 70,053 21,656
Income Taxes (Benefits) 9,780 2,438
Net Earnings 60,273 19,218
(Earnings) Attributable to Valencia Non-controlling Interest (5,127) (3,095)
Preferred Stock Dividend Requirements (132) (132)
Net Earnings Available for PNM Common Stock $ 55,014 $ 15,991
Net Earnings Attributable to PNMR per Common Share:    
Basic (dollars per share) $ 0.64 $ 0.19
Diluted (dollars per share) 0.64 0.19
Dividends Declared per Common Share (dollars per share) $ 0.3675 $ 0.3475
Energy    
Electric Operating Revenues $ 544,077 $ 444,118
Operating Expenses:    
Energy costs 241,686 168,414
Energy Production    
Operating Expenses:    
Energy costs $ 22,358 $ 33,566