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Condensed Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Electric Operating Revenues $ 436,877 $ 544,077
Operating Expenses:    
Administrative and general 55,427 55,110
Regulatory disallowances 4,459 0
Depreciation and amortization 93,187 78,074
Transmission and distribution costs 22,764 22,196
Taxes other than income taxes 25,934 25,562
Total operating expenses 356,287 444,986
Operating income 80,590 99,091
Other Income and Deductions:    
Interest income 4,580 4,843
Gains on investment securities 17,998 6,442
Other income 4,911 3,093
Other (deductions) (16,522) (2,493)
Net other income and deductions 10,967 11,885
Interest Charges 53,762 40,923
Earnings before Income Taxes 37,795 70,053
Income Taxes (12,571) 9,780
Net Earnings 50,366 60,273
(Earnings) Attributable to Valencia Non-controlling Interest (3,044) (5,127)
Preferred Stock Dividend Requirements (132) (132)
Net Earnings Available for PNM Common Stock $ 47,190 $ 55,014
Net Earnings Attributable to PNMR per Common Share:    
Basic (dollars per share) $ 0.52 $ 0.64
Diluted (dollars per share) 0.52 0.64
Dividends Declared per Common Share (dollars per share) $ 0.3875 $ 0.3675
Energy    
Electric Operating Revenues $ 436,877 $ 544,077
Operating Expenses:    
Energy costs 132,304 241,686
Energy Production    
Operating Expenses:    
Energy costs $ 22,212 $ 22,358