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Earnings Per Share | 9 Months Ended
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Sep. 30, 2023
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. Diluted earnings per share was computed using the treasury stock method for both restricted stock and the 2023 forward sales agreements. Information regarding the computation of earnings per share is as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands, except per share amounts)
Net Earnings Attributable to PNMR | $ | 37,726 |  |  | $ | 122,433 |  |  | $ | 138,045 |  |  | $ | 153,785 |
Average Number of Common Shares: |  |  |  |  |  |  |
Outstanding during period | 85,835 |  |  | 85,835 |  |  | 85,835 |  |  | 85,835 |
Vested awards of restricted stock | 254 |  |  | 266 |  |  | 257 |  |  | 291 |
Average Shares – Basic | 86,089 |  |  | 86,101 |  |  | 86,092 |  |  | 86,126 |
Dilutive Effect of Common Stock Equivalents: |  |  |  |  |  |  |
Restricted stock | 32 |  |  | 35 |  |  | 36 |  |  | 52 |
2023 Forward Sale Agreements | 8 |  |  | — |  |  | 23 |  |  | — |
Average Shares – Diluted | 86,129 |  |  | 86,136 |  |  | 86,151 |  |  | 86,178 |
Net Earnings Per Share of Common Stock: |  |  |  |  |  |  |
Basic | $ | 0.44 |  |  | $ | 1.42 |  |  | $ | 1.60 |  |  | $ | 1.79 |
Diluted | $ | 0.44 |  |  | $ | 1.42 |  |  | $ | 1.60 |  |  | $ | 1.78 |

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