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Condensed Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Electric Operating Revenues $ 477,156 $ 499,730 $ 1,021,233 $ 943,848
Operating Expenses:        
Administrative and general 54,039 51,342 109,149 107,203
Regulatory disallowances and restructuring costs 3,731 1,399 3,731 1,399
Depreciation and amortization 79,139 76,769 157,213 152,533
Transmission and distribution costs 25,465 21,156 47,661 39,622
Taxes other than income taxes 24,401 24,577 49,963 48,556
Total operating expenses 384,826 413,338 829,812 789,388
Operating income 92,330 86,392 191,421 154,460
Other Income and Deductions:        
Interest income 5,359 3,327 10,202 7,619
Gains (losses) on investment securities 3,777 (41,795) 10,219 (68,368)
Other income 5,600 5,151 8,693 9,481
Other (deductions) (3,515) (3,641) (6,008) (5,882)
Net other income and deductions 11,221 (36,958) 23,106 (57,150)
Interest Charges 45,899 29,217 86,822 55,437
Earnings before Income Taxes 57,652 20,217 127,705 41,873
Income Taxes (Benefits) 8,229 1,094 18,009 3,532
Net Earnings (Loss) 49,423 19,123 109,696 38,341
(Earnings) Attributable to Valencia Non-controlling Interest (3,987) (3,630) (9,114) (6,725)
Preferred Stock Dividend Requirements (132) (132) (264) (264)
Net Earnings (Loss) Available for PNM Common Stock 45,304 15,361 100,318 31,352
Energy        
Electric Operating Revenues 477,156 499,730 1,021,233 943,848
Operating Expenses:        
Energy costs 172,452 195,596 414,138 364,010
Energy Production        
Operating Expenses:        
Energy costs 25,599 42,499 47,957 76,065
PNM        
Electric Operating Revenues 338,242 376,754 768,407 715,463
Operating Expenses:        
Administrative and general 48,745 47,114 97,718 97,461
Regulatory disallowances and restructuring costs 3,731 1,399 3,731 1,399
Depreciation and amortization 44,064 45,981 87,750 91,771
Transmission and distribution costs 14,755 13,518 28,642 25,129
Taxes other than income taxes 13,324 12,844 26,828 26,409
Total operating expenses 283,827 327,319 636,088 621,012
Operating income 54,415 49,435 132,319 94,451
Other Income and Deductions:        
Interest income 5,370 3,267 10,219 6,400
Gains (losses) on investment securities 3,777 (41,795) 10,219 (68,368)
Other income 2,721 2,863 5,172 5,911
Other (deductions) (2,803) (2,884) (4,663) (4,575)
Net other income and deductions 9,065 (38,549) 20,947 (60,632)
Interest Charges 20,766 14,523 38,888 29,095
Earnings before Income Taxes 42,714 (3,637) 114,378 4,724
Income Taxes (Benefits) 7,411 (1,182) 19,240 (359)
Net Earnings (Loss) 35,303 (2,455) 95,138 5,083
(Earnings) Attributable to Valencia Non-controlling Interest (3,987) (3,630) (9,114) (6,725)
Net Earnings (Loss) Attributable to PNM 31,316 (6,085) 86,024 (1,642)
Preferred Stock Dividend Requirements (132) (132) (264) (264)
Net Earnings (Loss) Available for PNM Common Stock 31,184 (6,217) 85,760 (1,906)
PNM | Energy        
Operating Expenses:        
Energy costs 133,609 163,964 343,462 302,778
PNM | Energy Production        
Operating Expenses:        
Energy costs $ 25,599 $ 42,499 $ 47,957 $ 76,065