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Condensed Consolidated Statements of Cash Flows - PNM - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities:    
Net earnings $ 12,797 $ 50,366
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 114,300 103,004
Deferred income tax expense (benefit) 618 6,935
(Gains) losses on investment securities 1,241 (17,998)
Regulatory disallowances 0 4,459
Allowance for equity funds used during construction (1,555) (3,292)
Other, net 861 1,031
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 8,546 29,296
Materials, supplies, and fuel stock (1,383) (6,457)
Other current assets (4,401) 24,662
Other assets (5,067) (7,341)
Accounts payable 21,652 (31,482)
Accrued interest and taxes (1,409) (9,823)
Other current liabilities (12,681) (39,860)
Other liabilities 4,766 (10,843)
Net cash flows from operating activities 141,257 92,816
Cash Flows From Investing Activities:    
Utility plant additions (342,624) (289,100)
Proceeds from sale of plant assets 0 2,840
Proceeds from sales of investment securities 90,103 302,510
Purchases of investment securities (92,457) (304,971)
Other, net (31) (23)
Net cash flows used in investing activities (345,009) (184,358)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 513,000 658,800
Revolving credit facilities repayments (528,600) (676,200)
Long-term borrowings 335,000 117,000
Repayment of long-term debt (3,406) 0
Dividends paid (37,891) (35,085)
Valencia’s transactions with its owner (4,270) (4,003)
Transmission interconnection and security deposit arrangements 12,640 57,875
Refunds paid under transmission interconnection and security deposit arrangements (80,752) (12,003)
Debt issuance costs and other, net (1,854) (1,435)
Net cash flows from financing activities 197,560 99,509
Change in Cash, Cash Equivalents, and Restricted Cash (6,192) 7,967
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 22,085 3,943
Cash, Cash Equivalents, and Restricted Cash at End of Period 15,893 11,910
Restricted Cash included in Other Current Assets and Other Deferred Charges on Condensed Consolidated Balance Sheets:    
At beginning of period 17,587 1,728
At end of period 9,840 8,922
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 52,333 48,912
Income taxes paid (refunded), net 0 (488)
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 62,988 40,223
PNM    
Cash Flows From Operating Activities:    
Net earnings 4,819 45,096
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 66,622 60,356
Deferred income tax expense (benefit) (35) 6,030
(Gains) losses on investment securities 1,241 (17,998)
Regulatory disallowances 0 4,459
Allowance for equity funds used during construction (953) (3,015)
Other, net 873 927
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues 7,877 22,352
Materials, supplies, and fuel stock 90 (3,612)
Other current assets (11,011) 3,864
Other assets (2,035) 293
Accounts payable 18,617 (29,330)
Accrued interest and taxes 12,817 19,787
Other current liabilities (5,823) (27,435)
Other liabilities (4,201) (7,407)
Net cash flows from operating activities 88,898 74,367
Cash Flows From Investing Activities:    
Utility plant additions (144,676) (154,975)
Proceeds from sale of plant assets 0 2,840
Proceeds from sales of investment securities 90,103 302,510
Purchases of investment securities (92,457) (304,971)
Other, net (31) (23)
Net cash flows used in investing activities (147,061) (154,619)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 203,700 292,500
Revolving credit facilities repayments (269,200) (243,800)
Short-term borrowings (repayments) – affiliate, net 1,600 2,300
Long-term borrowings 195,000 0
Repayment of long-term debt (3,406) 0
Dividends paid (132) (132)
Valencia’s transactions with its owner (4,270) (4,003)
Transmission interconnection and security deposit arrangements 2,190 51,125
Refunds paid under transmission interconnection and security deposit arrangements (72,252) (9,103)
Debt issuance costs and other, net (558) (474)
Net cash flows from financing activities 52,672 88,413
Change in Cash, Cash Equivalents, and Restricted Cash (5,491) 8,161
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 20,285 2,586
Cash, Cash Equivalents, and Restricted Cash at End of Period 14,794 10,747
Restricted Cash included in Other Current Assets and Other Deferred Charges on Condensed Consolidated Balance Sheets:    
At beginning of period 17,587 1,728
At end of period 9,840 8,922
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 24,219 9,121
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 18,207 $ 14,770