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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 238,728 226,837     226,837 11,891 193,660 181,769     181,769 11,891
Total other comprehensive income (10,559) (10,559)   (10,559)     (6,655) (6,655)   (6,655)    
Dividends declared on preferred stock             (396) (396)     (396)  
Equity contribution from parent             55,000 55,000 55,000      
Valencia’s transactions with its owner (13,780)         (13,780) (13,780)         (13,780)
Ending balance at Sep. 30, 2024 2,508,048 2,459,979 1,624,685 (73,399) 908,693 48,069 2,228,604 2,180,535 1,602,918 (73,160) 650,777 48,069
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 136,398 131,334     131,334 5,064 113,862 108,798     108,798 5,064
Total other comprehensive income (3,499) (3,499)   (3,499)     1,342 1,342   1,342    
Dividends declared on preferred stock             (132) (132)     (132)  
Valencia’s transactions with its owner (5,927)         (5,927) (5,927)         (5,927)
Ending balance at Sep. 30, 2024 2,508,048 2,459,979 1,624,685 (73,399) 908,693 48,069 2,228,604 2,180,535 1,602,918 (73,160) 650,777 48,069
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 175,114 161,605     161,605 13,509 141,641 128,132     128,132 13,509
Total other comprehensive income 1,954 1,954   1,954     3,101 3,101   3,101    
Dividends declared on preferred stock             (396) (396)     (396)  
Valencia’s transactions with its owner (15,102)         (15,102) (15,102)         (15,102)
Ending balance at Sep. 30, 2025 3,461,345 3,416,038 2,565,578 (73,754) 924,214 45,307 2,313,442 2,268,135 1,602,918 (72,607) 737,824 45,307
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 136,304 130,842     130,842 5,462 108,023 102,561     102,561 5,462
Total other comprehensive income 1,639 1,639   1,639     926 926   926    
Dividends declared on preferred stock             (132) (132)     (132)  
Valencia’s transactions with its owner (6,184)         (6,184) (6,184)         (6,184)
Ending balance at Sep. 30, 2025 $ 3,461,345 $ 3,416,038 $ 2,565,578 $ (73,754) $ 924,214 $ 45,307 $ 2,313,442 $ 2,268,135 $ 1,602,918 $ (72,607) $ 737,824 $ 45,307