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Variable Interest Entities - Schedule of Financial Information for Valencia (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Results of Operations |  |  |
Operating Revenues | $ 1,971,199 | $ 1,939,198 | $ 2,249,555
Operating Expenses | 1,517,713 | 1,707,858 | 1,855,795
Earnings attributable to non-controlling interest | 16,040 | 18,533 | 15,122
Financial Position |  |  |
Current assets | 498,836 | 475,543 |
Net property, plant and equipment | 8,437,008 | 7,609,862 |
Total assets | 11,211,733 | 10,252,605 | 9,257,377
Current liabilities | 1,775,098 | 1,230,760 |
Owners’ equity – non-controlling interest | 46,900 | 49,958 |
PNM |  |  |
Results of Operations |  |  |
Operating Revenues | 1,379,088 | 1,403,948 | 1,766,825
Operating Expenses | 1,097,095 | 1,320,772 | 1,505,338
Earnings attributable to non-controlling interest | 16,040 | 18,533 | 15,122
Financial Position |  |  |
Current assets | 410,908 | 377,837 |
Net property, plant and equipment | 5,119,087 | 4,739,702 |
Total assets | 7,407,279 | 6,813,065 |
Current liabilities | 1,282,900 | 839,194 |
Owners’ equity – non-controlling interest | 46,900 | 49,958 |
Valencia | PNM |  |  |
Results of Operations |  |  |
Operating Revenues | 22,763 | 25,421 | 21,403
Operating Expenses | 6,723 | 6,896 | 6,281
Other Misc (Income)/Expense | 0 | (8) | 0
Earnings attributable to non-controlling interest | 16,040 | 18,533 | $ 15,122
Financial Position |  |  |
Current assets | 3,095 | 3,422 |
Net property, plant and equipment | 44,411 | 47,253 |
Total assets | 47,506 | 50,675 |
Current liabilities | 606 | 717 |
Owners’ equity – non-controlling interest | $ 46,900 | $ 49,958 |

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