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Condensed Consolidated Statements of Cash Flows - PNMR - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities:    
Net Earnings $ 50,366 $ 60,273
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 103,004 87,128
Deferred income tax expense 6,935 9,576
(Gain) on sale of NMRD (4,449) 0
(Gains) losses on investment securities (17,998) (6,442)
Stock based compensation expense 4,608 3,490
Regulatory disallowances 4,459 0
Allowance for equity funds used during construction (3,292) (1,964)
Other, net 1,031 810
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 29,296 64,919
Materials, supplies, and fuel stock (6,457) 2,443
Other current assets 24,662 (1,305)
Other assets (7,341) (2,074)
Accounts payable (31,482) (56,306)
Accrued interest and taxes (9,823) (4,514)
Other current liabilities (39,860) (16,844)
Other liabilities (10,843) (7,689)
Net cash flows from operating activities 92,816 131,501
Cash Flows From Investing Activities:    
Utility plant additions (289,100) (264,368)
Proceeds from sale of plant assets (Note 13) 2,840 28,372
Proceeds from sales of investment securities 302,510 91,830
Purchases of investment securities (304,971) (95,773)
Proceeds from sale of NMRD 116,936 0
Investments in NMRD (12,550) (11,500)
Other, net (23) 6
Net cash flows used in investing activities (184,358) (251,433)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 658,800 635,200
Revolving credit facilities repayments (676,200) (457,800)
Long-term borrowings 117,000 0
Awards of common stock (5,440) (8,394)
Dividends paid (35,085) (31,677)
Valencia’s transactions with its owner (4,003) (5,510)
Transmission interconnection and security deposit arrangements 57,875 3,894
Refunds paid under transmission interconnection and security deposit arrangements 12,003 15,167
Debt issuance costs and other, net (1,435) (560)
Net cash flows from financing activities 99,509 119,986
Change in Cash, Cash Equivalents, and Restricted Cash 7,967 54
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 3,943 4,078
Cash, Cash Equivalents, and Restricted Cash at End of Period 11,910 4,132
Restricted Cash Included in Other Current Assets and Other Deferred Assets on Consolidated Balance Sheets:    
At beginning of period 1,728 0
At end of period 8,922 0
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 48,912 39,794
Income taxes paid (refunded), net (488) 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 40,223 $ 37,148