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Condensed Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Electric Operating Revenues $ 502,420 $ 488,102 $ 985,212 $ 924,979
Operating Expenses:        
Administrative and general 75,991 59,581 136,760 115,008
Regulatory disallowances 0 0 0 4,459
Depreciation and amortization 105,235 94,413 209,786 187,600
Transmission and distribution costs 26,461 25,051 51,966 47,815
Taxes other than income taxes 28,329 24,084 54,679 50,018
Total operating expenses 429,719 382,419 840,622 738,706
Total operating expenses 72,701 105,683 144,590 186,273
Other Income and Deductions:        
Interest income 3,872 4,470 8,119 9,050
Gains on investment securities 23,556 558 22,315 18,556
Other income 5,704 7,688 10,433 12,599
Other (deductions) (6,481) (1,636) (8,739) (18,158)
Net other income and deductions 26,651 11,080 32,128 22,047
Interest Charges 72,013 55,828 135,564 109,590
Earnings before Income Taxes 27,339 60,935 41,154 98,730
Income Taxes 1,326 8,971 2,344 (3,600)
Net Earnings 26,013 51,964 38,810 102,330
(Earnings) Attributable to Valencia Non-controlling Interest (4,305) (3,783) (8,047) (6,827)
Preferred Stock Dividend Requirements (132) (132) (264) (264)
Net Earnings Attributable to TXNM 21,576 48,049 30,499 95,239
Electric operating revenues        
Electric Operating Revenues 502,420 488,102 985,212 924,979
Operating Expenses:        
Energy costs 167,622 154,706 336,804 287,010
Energy production costs        
Operating Expenses:        
Energy costs 26,081 24,584 50,627 46,796
PNM        
Electric Operating Revenues 338,372 333,671 671,752 641,786
Operating Expenses:        
Administrative and general 59,526 54,876 117,136 106,612
Regulatory disallowances 0 0 0 4,459
Depreciation and amortization 60,778 54,230 120,581 107,517
Transmission and distribution costs 15,750 15,350 31,576 29,700
Taxes other than income taxes 15,262 11,768 28,565 25,477
Total operating expenses 301,733 275,580 603,775 532,745
Total operating expenses 36,639 58,091 67,977 109,041
Other Income and Deductions:        
Interest income 3,729 4,443 7,946 8,970
Gains on investment securities 23,556 558 22,315 18,556
Other income 3,561 4,224 5,363 7,642
Other (deductions) (4,301) (913) (5,819) (1,783)
Net other income and deductions 26,545 8,312 29,805 33,385
Interest Charges 31,975 25,880 61,791 50,996
Earnings before Income Taxes 31,209 40,523 35,991 91,430
Income Taxes 2,410 5,821 2,373 11,632
Net Earnings 28,799 34,702 33,618 79,798
(Earnings) Attributable to Valencia Non-controlling Interest (4,305) (3,783) (8,047) (6,827)
Net Earnings Attributable to PNM 24,494 30,919 25,571 72,971
Preferred Stock Dividend Requirements (132) (132) (264) (264)
Net Earnings Attributable to TXNM 24,362 30,787 25,307 72,707
PNM | Electric operating revenues        
Operating Expenses:        
Energy costs 124,336 114,772 255,290 212,184
PNM | Energy production costs        
Operating Expenses:        
Energy costs $ 26,081 $ 24,584 $ 50,627 $ 46,796