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Condensed Consolidated Statements of Earnings - PNM - 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 (132) (132)
Net Earnings Attributable to TXNM 8,923 47,190
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
PNM    
Electric Operating Revenues 333,380 308,115
Operating Expenses:    
Administrative and general 57,610 51,736
Regulatory disallowances 0 4,459
Depreciation and amortization 59,803 53,287
Transmission and distribution costs 15,826 14,350
Taxes other than income taxes 13,303 13,709
Total operating expenses 302,042 257,165
Total operating expenses 31,338 50,950
Other Income and Deductions:    
Interest income 4,217 4,527
Gains (losses) on investment securities (1,241) 17,998
Other income 1,802 3,418
Other (deductions) (1,518) (870)
Net other income and deductions 3,260 25,073
Interest Charges 29,816 25,116
Earnings before Income Taxes 4,782 50,907
Income Taxes (Benefits) (37) 5,811
Net Earnings 4,819 45,096
(Earnings) Attributable to Valencia Non-controlling Interest (3,742) (3,044)
Net Earnings Attributable to PNM 1,077 42,052
Preferred Stock Dividend Requirements (132) (132)
Net Earnings Attributable to TXNM 945 41,920
PNM | Electric operating revenues    
Operating Expenses:    
Energy costs 130,954 97,412
PNM | Energy production costs    
Operating Expenses:    
Energy costs $ 24,546 $ 22,212