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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share is computed by dividing net earnings attributable to PNMR by the weighted average number of common shares outstanding during the period. Diluted earnings per share was computed by dividing net earnings attributable to PNMR by the diluted weighted average number of common shares outstanding during the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other agreements to issue common stock were settled. PNMR applies the treasury stock method for restricted stock, the 2023 Forward Sale Agreements, and the Q2 2024 Forward Sale Agreement. The if-converted method is applied in determining the potential dilutive effect of the conversion of outstanding Convertible Notes. For the three and six months ended June 30, 2024, the Q2 2024 Forward Sale Agreement and the Convertible Notes were excluded from the calculation of diluted EPS because the effects were antidilutive. Information regarding the computation of earnings per share is as follows:
Three Months Ended
Six Months Ended
June 30,June 30,
2024202320242023
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR$48,049 $45,304 $95,239 $100,318 
Average Number of Common Shares:
Outstanding during period
90,200 85,835 90,200 85,835 
    Vested awards of restricted stock
304 250 293 258 
Average Shares – Basic
90,504 86,085 90,493 86,093 
Dilutive Effect of Common Stock Equivalents:
Restricted stock48 39 40 38 
2023 Forward Sale Agreements— 5 — 2 
Average Shares – Diluted
90,552 86,129 90,533 86,133 
Net Earnings Per Share of Common Stock:
Basic$0.53 $0.53 $1.05 $1.17 
Diluted$0.53 $0.53 $1.05 $1.16