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Earnings and Dividends Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings and Dividends Per Share | Earnings and Dividends Per Share Dual presentation of basic and diluted earnings per share has been presented in the Consolidated Statements of Earnings of PNMR. Information regarding the computation of earnings per share and dividends per share is as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In thousands, except per share amounts)
Net Earnings Attributable to PNMR | $ | 87,818 |  |  | $ | 169,530 |  |  | $ | 195,829 |
Average Number of Common Shares: |  |  |  |  |
Outstanding during year | 86,038 |  |  | 85,835 |  |  | 85,835 |
Vested awards of restricted stock | 258 |  |  | 287 |  |  | 235 |
Average Shares – Basic | 86,296 |  |  | 86,122 |  |  | 86,070 |
Dilutive Effect of Common Stock Equivalents: |  |  |  |  |
PNMR 2022 ATM Program | 38 |  |  | — |  |  | — |
Stock options and restricted stock | 35 |  |  | 47 |  |  | 41 |
Average Shares – Diluted | 86,369 |  |  | 86,169 |  |  | 86,111 |
Net Earnings Attributable to PNMR Per Share of Common Stock: |  |  |  |  |
Basic | $ | 1.02 |  |  | $ | 1.97 |  |  | $ | 2.28 |
Diluted | $ | 1.02 |  |  | $ | 1.97 |  |  | $ | 2.27 |
Dividends Declared per Common Share | $ | 1.49 |  |  | $ | 1.41 |  |  | $ | 1.33 |

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