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Condensed Consolidated Statements of Earnings - PNM - 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
Regulatory disallowances (731) 6,142 (731) 10,601
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
Gains on investment securities 11,376 13,770 33,691 32,326
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
Net Earnings 136,304 136,398 175,114 238,728
(Earnings) Attributable to Valencia Non-controlling Interest (5,462) (5,064) (13,509) (11,891)
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Attributable to TXNM 130,710 131,202 161,209 226,441
Electric operating revenues        
Electric Operating Revenues 647,162 569,256 1,632,374 1,494,235
Operating Expenses:        
Energy costs 195,042 138,909 531,846 425,919
Energy production costs        
Operating Expenses:        
Energy costs 21,172 21,259 71,799 68,055
PNM        
Electric Operating Revenues 463,720 406,519 1,135,472 1,048,305
Operating Expenses:        
Administrative and general 61,421 59,809 178,557 166,421
Regulatory disallowances (731) 6,142 (731) 10,601
Depreciation and amortization 61,366 56,424 181,947 163,941
Transmission and distribution costs 18,127 15,123 49,703 44,823
Taxes other than income taxes 14,111 12,258 42,676 37,735
Total operating expenses 328,319 272,510 932,094 805,255
Total operating expenses 135,401 134,009 203,378 243,050
Other Income and Deductions:        
Interest income 4,271 8,674 12,217 17,644
Gains on investment securities 11,376 13,770 33,691 32,326
Other income 3,761 4,407 9,124 12,049
Other (deductions) (2,074) (881) (7,893) (2,664)
Net other income and deductions 17,334 25,970 47,139 59,355
Interest Charges 33,805 27,852 95,596 78,848
Earnings before Income Taxes 118,930 132,127 154,921 223,557
Income Taxes 10,907 18,265 13,280 29,897
Net Earnings 108,023 113,862 141,641 193,660
(Earnings) Attributable to Valencia Non-controlling Interest (5,462) (5,064) (13,509) (11,891)
Net Earnings Attributable to PNM 102,561 108,798 128,132 181,769
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Attributable to TXNM 102,429 108,666 127,736 181,373
PNM | Electric operating revenues        
Operating Expenses:        
Energy costs 152,853 101,495 408,143 313,679
PNM | Energy production costs        
Operating Expenses:        
Energy costs $ 21,172 $ 21,259 $ 71,799 $ 68,055