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Condensed Consolidated Statements of Earnings - TXNM - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Electric Operating Revenues $ 482,792 $ 436,877
Operating Expenses:    
Administrative and general 60,769 55,427
Regulatory disallowances 0 4,459
Depreciation and amortization 104,551 93,187
Transmission and distribution costs 25,505 22,764
Taxes other than income taxes 26,350 25,934
Total operating expenses 410,903 356,287
Total operating expenses 71,889 80,590
Other Income and Deductions:    
Interest income 4,247 4,580
Gains (losses) on investment securities (1,241) 17,998
Other income 4,729 4,911
Other (deductions) (2,258) (16,522)
Net other income and deductions 5,477 10,967
Interest Charges 63,551 53,762
Earnings before Income Taxes 13,815 37,795
Income Taxes (Benefits) 1,018 (12,571)
Net Earnings 12,797 50,366
(Earnings) Attributable to Valencia Non-controlling Interest (3,742) (3,044)
Preferred Stock Dividend Requirements of Subsidiary (132) (132)
Net Earnings Attributable to TXNM $ 8,923 $ 47,190
Net Earnings Attributable to TXNM per Common Share:    
Basic (in dollars per share) $ 0.10 $ 0.52
Diluted (in dollars per share) 0.10 0.52
Dividends Declared per Common Share (in dollars per share) $ 0.4075 $ 0.3875
Electric operating revenues    
Electric Operating Revenues $ 482,792 $ 436,877
Operating Expenses:    
Energy costs 169,182 132,304
Energy production costs    
Operating Expenses:    
Energy costs $ 24,546 $ 22,212