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Condensed Consolidated Statements of Changes in Equity - PNM - USD ($)
$ in Thousands
Total
Total PNM Common Stockholder’s Equity
Common Stock
AOCI
Retained Earnings
Non- controlling Interest in Valencia
PNM
PNM
Total PNM Common Stockholder’s Equity
PNM
Common Stock
PNM
AOCI
PNM
Retained Earnings
PNM
Non- controlling Interest in Valencia
Beginning balance at Dec. 31, 2023 $ 2,399,051 $ 2,349,093 $ 1,624,823 $ (62,840) $ 787,110 $ 49,958 $ 2,000,775 $ 1,950,817 $ 1,547,918 $ (66,505) $ 469,404 $ 49,958
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 102,330 95,503     95,503 6,827 79,798 72,971     72,971 6,827
Total other comprehensive income (loss) (7,060) (7,060)   (7,060)     (7,997) (7,997)   (7,997)    
Dividends declared on preferred stock             (264) (264)     (264)  
Equity contribution from parent             55,000 55,000 55,000      
Valencia’s transactions with its owner (7,853)         (7,853) (7,853)         (7,853)
Ending balance at Jun. 30, 2024 2,451,680 2,402,748 1,625,251 (69,900) 847,397 48,932 2,119,459 2,070,527 1,602,918 (74,502) 542,111 48,932
Beginning balance at Mar. 31, 2024 2,404,730 2,355,731 1,623,991 (67,608) 799,348 48,999 2,034,870 1,985,871 1,547,918 (73,371) 511,324 48,999
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 51,964 48,181     48,181 3,783 34,702 30,919     30,919 3,783
Total other comprehensive income (loss) (2,292) (2,292)   (2,292)     (1,131) (1,131)   (1,131)    
Dividends declared on preferred stock             (132) (132)     (132)  
Equity contribution from parent             55,000 55,000 55,000      
Valencia’s transactions with its owner (3,850)         (3,850) (3,850)         (3,850)
Ending balance at Jun. 30, 2024 2,451,680 2,402,748 1,625,251 (69,900) 847,397 48,932 2,119,459 2,070,527 1,602,918 (74,502) 542,111 48,932
Beginning balance at Dec. 31, 2024 2,583,285 2,536,385 1,724,444 (75,708) 887,649 46,900 2,184,198 2,137,298 1,602,918 (75,708) 610,088 46,900
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 38,810 30,763     30,763 8,047 33,618 25,571     25,571 8,047
Total other comprehensive income (loss) 315 315   315     2,175 2,175   2,175    
Dividends declared on preferred stock             (264) (264)     (264)  
Valencia’s transactions with its owner (8,918)         (8,918) (8,918)         (8,918)
Ending balance at Jun. 30, 2025 3,216,794 3,170,765 2,366,770 (75,393) 879,388 46,029 2,210,809 2,164,780 1,602,918 (73,533) 635,395 46,029
Beginning balance at Mar. 31, 2025 2,550,707 2,504,335 1,721,109 (74,586) 857,812 46,372 2,185,737 2,139,365 1,602,918 (74,586) 611,033 46,372
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 26,013 21,708     21,708 4,305 28,799 24,494     24,494 4,305
Total other comprehensive income (loss) (807) (807)   (807)     1,053 1,053   1,053    
Dividends declared on preferred stock             (132) (132)     (132)  
Valencia’s transactions with its owner (4,648)         (4,648) (4,648)         (4,648)
Ending balance at Jun. 30, 2025 $ 3,216,794 $ 3,170,765 $ 2,366,770 $ (75,393) $ 879,388 $ 46,029 $ 2,210,809 $ 2,164,780 $ 1,602,918 $ (73,533) $ 635,395 $ 46,029