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Condensed Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Electric Operating Revenues $ 569,256 $ 505,851 $ 1,494,235 $ 1,527,084
Operating Expenses:        
Administrative and general 64,840 58,481 179,848 167,630
Regulatory disallowances 6,142 2,315 10,601 6,046
Depreciation and amortization 97,400 80,192 285,000 237,405
Transmission and distribution costs 23,660 25,078 71,475 72,739
Taxes other than income taxes 25,966 22,432 75,984 72,395
Total operating expenses 378,176 419,199 1,116,882 1,249,011
Operating income (loss) 191,080 86,652 377,353 278,073
Other Income and Deductions:        
Interest income 8,669 5,366 17,719 15,568
Gains (losses) on investment securities 13,770 (8,404) 32,326 1,815
Other income 7,953 8,428 20,552 17,121
Other (deductions) (1,988) (4,555) (20,146) (10,562)
Net other income and deductions 28,404 835 50,451 23,942
Interest Charges 59,664 49,838 169,254 136,660
Earnings before Income Taxes 159,820 37,649 258,550 165,355
Income Taxes (Benefits) 23,422 (5,267) 19,822 12,742
Net Earnings 136,398 42,916 238,728 152,613
(Earnings) Attributable to Valencia Non-controlling Interest (5,064) (5,058) (11,891) (14,172)
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Attributable to TXNM 131,202 37,726 226,441 138,045
Energy        
Electric Operating Revenues 569,256 505,851 1,494,235 1,527,084
Operating Expenses:        
Energy costs 138,909 210,313 425,919 624,451
Energy Production        
Operating Expenses:        
Energy costs 21,259 20,388 68,055 68,345
PNM        
Electric Operating Revenues 406,519 350,334 1,048,305 1,118,741
Operating Expenses:        
Administrative and general 59,809 53,460 166,421 151,178
Regulatory disallowances 6,142 2,315 10,601 6,046
Depreciation and amortization 56,424 44,537 163,941 132,287
Transmission and distribution costs 15,123 15,326 44,823 43,968
Taxes other than income taxes 12,258 9,250 37,735 36,078
Total operating expenses 272,510 319,638 805,255 955,726
Operating income (loss) 134,009 30,696 243,050 163,015
Other Income and Deductions:        
Interest income 8,674 5,323 17,644 15,542
Gains (losses) on investment securities 13,770 (8,404) 32,326 1,815
Other income 4,407 3,484 12,049 8,656
Other (deductions) (881) (2,678) (2,664) (7,341)
Net other income and deductions 25,970 (2,275) 59,355 18,672
Interest Charges 27,852 22,354 78,848 61,242
Earnings before Income Taxes 132,127 6,067 223,557 120,445
Income Taxes (Benefits) 18,265 (7,199) 29,897 12,041
Net Earnings 113,862 13,266 193,660 108,404
(Earnings) Attributable to Valencia Non-controlling Interest (5,064) (5,058) (11,891) (14,172)
Net Earnings Attributable to PNM 108,798 8,208 181,769 94,232
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Attributable to TXNM 108,666 8,076 181,373 93,836
PNM | Energy        
Operating Expenses:        
Energy costs 101,495 174,362 313,679 517,824
PNM | Energy Production        
Operating Expenses:        
Energy costs $ 21,259 $ 20,388 $ 68,055 $ 68,345