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Condensed Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Electric Operating Revenues $ 488,102 $ 477,156 $ 924,979 $ 1,021,233
Operating Expenses:        
Administrative and general 59,581 54,039 115,008 109,149
Regulatory disallowances 0 3,731 4,459 3,731
Depreciation and amortization 94,413 79,139 187,600 157,213
Transmission and distribution costs 25,051 25,465 47,815 47,661
Taxes other than income taxes 24,084 24,401 50,018 49,963
Total operating expenses 382,419 384,826 738,706 829,812
Operating income (loss) 105,683 92,330 186,273 191,421
Other Income and Deductions:        
Interest income 4,470 5,359 9,050 10,202
Gains on investment securities 558 3,777 18,556 10,219
Other income 7,688 5,600 12,599 8,693
Other (deductions) (1,636) (3,515) (18,158) (6,008)
Net other income and deductions 11,080 11,221 22,047 23,106
Interest Charges 55,828 45,899 109,590 86,822
Earnings before Income Taxes 60,935 57,652 98,730 127,705
Income Taxes 8,971 8,229 (3,600) 18,009
Net Earnings 51,964 49,423 102,330 109,696
(Earnings) Attributable to Valencia Non-controlling Interest (3,783) (3,987) (6,827) (9,114)
Preferred Stock Dividend Requirements (132) (132) (264) (264)
Net Earnings Available for PNM Common Stock 48,049 45,304 95,239 100,318
Energy        
Electric Operating Revenues 488,102 477,156 924,979 1,021,233
Operating Expenses:        
Energy costs 154,706 172,452 287,010 414,138
Energy Production        
Operating Expenses:        
Energy costs 24,584 25,599 46,796 47,957
PNM        
Electric Operating Revenues 333,671 338,242 641,786 768,407
Operating Expenses:        
Administrative and general 54,876 48,745 106,612 97,718
Regulatory disallowances 0 3,731 4,459 3,731
Depreciation and amortization 54,230 44,064 107,517 87,750
Transmission and distribution costs 15,350 14,755 29,700 28,642
Taxes other than income taxes 11,768 13,324 25,477 26,828
Total operating expenses 275,580 283,827 532,745 636,088
Operating income (loss) 58,091 54,415 109,041 132,319
Other Income and Deductions:        
Interest income 4,443 5,370 8,970 10,219
Gains on investment securities 558 3,777 18,556 10,219
Other income 4,224 2,721 7,642 5,172
Other (deductions) (913) (2,803) (1,783) (4,663)
Net other income and deductions 8,312 9,065 33,385 20,947
Interest Charges 25,880 20,766 50,996 38,888
Earnings before Income Taxes 40,523 42,714 91,430 114,378
Income Taxes 5,821 7,411 11,632 19,240
Net Earnings 34,702 35,303 79,798 95,138
(Earnings) Attributable to Valencia Non-controlling Interest (3,783) (3,987) (6,827) (9,114)
Net Earnings Attributable to PNM 30,919 31,316 72,971 86,024
Preferred Stock Dividend Requirements (132) (132) (264) (264)
Net Earnings Available for PNM Common Stock 30,787 31,184 72,707 85,760
PNM | Energy        
Operating Expenses:        
Energy costs 114,772 133,609 212,184 343,462
PNM | Energy Production        
Operating Expenses:        
Energy costs $ 24,584 $ 25,599 $ 46,796 $ 47,957