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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Computation of Earnings Per Share

Information regarding the computation of earnings per share is as follows:


			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2023						2022						2023						2022
			(In thousands, except per share amounts)
Net Earnings Attributable to PNMR			$	45,304					$	15,361					$	100,318					$	31,352
Average Number of Common Shares:
Outstanding during period			85,835						85,835						85,835						85,835
Vested awards of restricted stock			250						351						258						303
Average Shares – Basic			86,085						86,186						86,093						86,138
Dilutive Effect of Common Stock Equivalents:
Restricted stock			39						40						38						60
2023 Forward Sale Agreements			5						—						2						—
Average Shares – Diluted			86,129						86,226						86,133						86,198

Net Earnings Per Share of Common Stock:
Basic			$	0.53					$	0.18					$	1.17					$	0.36
Diluted			$	0.53					$	0.18					$	1.16					$	0.36