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Condensed Consolidated Statements of Earnings - TNMP - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Electric Operating Revenues $ 647,162 $ 569,256 $ 1,632,374 $ 1,494,235
Operating Expenses:        
Administrative and general 68,445 64,840 205,205 179,848
Depreciation and amortization 105,012 97,400 314,798 285,000
Transmission and distribution costs 27,167 23,660 79,133 71,475
Taxes other than income taxes 28,185 25,966 82,864 75,984
Total operating expenses 444,292 378,176 1,284,914 1,116,882
Total operating expenses 202,870 191,080 347,460 377,353
Other Income and Deductions:        
Interest income 6,496 8,669 14,615 17,719
Other income 7,688 7,953 18,121 20,552
Other (deductions) (3,028) (1,988) (11,767) (20,146)
Net other income and deductions 22,532 28,404 54,660 50,451
Interest Charges 70,149 59,664 205,713 169,254
Earnings before Income Taxes 155,253 159,820 196,407 258,550
Income Taxes 18,949 23,422 21,293 19,822
Texas-New Mexico Power Company        
Electric Operating Revenues 183,442 162,737 496,902 445,930
Operating Expenses:        
Cost of energy 42,189 37,414 123,703 112,240
Administrative and general 13,858 14,423 40,893 41,797
Depreciation and amortization 34,956 31,732 105,095 93,147
Transmission and distribution costs 9,040 8,537 29,430 26,652
Taxes other than income taxes 12,659 12,161 35,607 33,571
Total operating expenses 112,702 104,267 334,728 307,407
Total operating expenses 70,740 58,470 162,174 138,523
Other Income and Deductions:        
Interest income 2,281 130 2,594 426
Other income 3,716 3,137 8,000 7,292
Other (deductions) (374) (852) (871) (1,426)
Net other income and deductions 5,623 2,415 9,723 6,292
Interest Charges 24,754 15,924 66,018 43,711
Earnings before Income Taxes 51,609 44,961 105,879 101,104
Income Taxes 10,479 9,266 21,498 20,901
Net Earnings Attributable to PNM $ 41,130 $ 35,695 $ 84,381 $ 80,203