Segment Information - Summarized Financial Information (Details) $ in Thousands |
3 Months Ended | 9 Months Ended | |||||
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Sep. 30, 2023
USD ($)
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Sep. 30, 2022
USD ($)
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Sep. 30, 2023
USD ($)
segment
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Sep. 30, 2022
USD ($)
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Dec. 31, 2022
USD ($)
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Apr. 01, 2020
USD ($)
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Apr. 01, 2018
USD ($)
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Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Electric operating revenues | $ 505,851 | $ 729,888 | $ 1,527,084 | $ 1,673,736 | |||
Utility margin | 177,178 | 269,221 | 545,516 | 593,647 | |||
Other operating expenses | 128,694 | 136,216 | 387,155 | 409,061 | |||
Depreciation and amortization | 80,192 | 76,570 | 237,405 | 229,103 | |||
Operating income | 86,652 | 182,763 | 278,073 | 337,223 | |||
Interest income (expense) | 5,366 | 3,969 | 15,568 | 11,588 | |||
Other income | (4,531) | (12,019) | 8,374 | (76,788) | |||
Interest Charges | (49,838) | (34,526) | (136,660) | (89,963) | |||
Earnings before Income Taxes | 37,649 | 140,187 | 165,355 | 182,060 | |||
Income taxes (benefit) | (5,267) | 13,450 | 12,742 | 16,982 | |||
Net Earnings | 42,916 | 126,737 | 152,613 | 165,078 | |||
Valencia non-controlling interest | (5,058) | (4,172) | (14,172) | (10,897) | |||
Subsidiary preferred stock dividends | (132) | (132) | (396) | (396) | |||
Net Earnings Available for PNM Common Stock | 37,726 | 122,433 | 138,045 | 153,785 | |||
Total Assets | 10,050,841 | 9,028,890 | 10,050,841 | 9,028,890 | $ 9,257,377 | ||
Goodwill | 278,297 | 278,297 | $ 278,297 | 278,297 | 278,297 | ||
PNM | |||||||
Segment Reporting Information [Line Items] | |||||||
Number of operating segments | segment | 1 | ||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Electric operating revenues | 350,334 | 597,337 | $ 1,118,741 | 1,312,800 | |||
Depreciation and amortization | 44,537 | 45,361 | 132,287 | 137,132 | |||
Operating income | 30,696 | 139,915 | 163,015 | 234,366 | |||
Interest Charges | (22,354) | (15,467) | (61,242) | (44,562) | |||
Earnings before Income Taxes | 6,067 | 113,893 | 120,445 | 118,617 | |||
Income taxes (benefit) | (7,199) | 12,121 | 12,041 | 11,762 | |||
Net Earnings | 13,266 | 101,772 | 108,404 | 106,855 | |||
Valencia non-controlling interest | (5,058) | (4,172) | (14,172) | (10,897) | |||
Subsidiary preferred stock dividends | (132) | (132) | (396) | (396) | |||
Net Earnings Available for PNM Common Stock | 8,076 | 97,468 | 93,836 | 95,562 | |||
Total Assets | 6,731,852 | 6,731,852 | 6,272,166 | ||||
Goodwill | 51,632 | $ 51,632 | 51,632 | $ 51,600 | |||
TNMP | |||||||
Segment Reporting Information [Line Items] | |||||||
Number of operating segments | segment | 1 | ||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Electric operating revenues | 155,517 | 132,551 | $ 408,343 | 360,936 | |||
Cost of energy | 35,951 | 30,988 | 106,627 | 92,220 | |||
Depreciation and amortization | 28,357 | 24,960 | 83,746 | 72,914 | |||
Operating income | 56,154 | 43,837 | 116,668 | 106,079 | |||
Interest Charges | (12,095) | (9,851) | (33,932) | (28,017) | |||
Earnings before Income Taxes | 46,685 | 36,377 | 87,245 | 83,800 | |||
Income taxes (benefit) | 7,181 | 4,946 | 13,076 | 11,258 | |||
Net Earnings | 74,169 | 72,542 | |||||
Total Assets | 3,039,357 | 3,039,357 | 2,746,601 | ||||
Goodwill | 226,665 | 226,665 | $ 226,665 | $ 226,700 | |||
PNM | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Utility margin | 95,721 | 201,607 | 356,317 | 421,327 | |||
Other operating expenses | 100,739 | 108,710 | 305,615 | 335,173 | |||
Depreciation and amortization | 44,537 | 45,361 | 132,287 | 137,132 | |||
Operating income | 30,696 | 139,915 | 163,015 | 234,366 | |||
Interest income (expense) | 5,323 | 3,888 | 15,542 | 10,288 | |||
Other income | (7,598) | (14,443) | 3,130 | (81,475) | |||
Interest Charges | (22,354) | (15,467) | (61,242) | (44,562) | |||
Earnings before Income Taxes | 6,067 | 113,893 | 120,445 | 118,617 | |||
Income taxes (benefit) | (7,199) | 12,121 | 12,041 | 11,762 | |||
Net Earnings | 13,266 | 101,772 | 108,404 | 106,855 | |||
Valencia non-controlling interest | (5,058) | (4,172) | (14,172) | (10,897) | |||
Subsidiary preferred stock dividends | (132) | (132) | (396) | (396) | |||
Net Earnings Available for PNM Common Stock | 8,076 | 97,468 | 93,836 | 95,562 | |||
Total Assets | 6,731,852 | 6,113,416 | 6,731,852 | 6,113,416 | |||
Goodwill | 51,632 | 51,632 | 51,632 | 51,632 | |||
TNMP | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Utility margin | 81,457 | 67,614 | 189,199 | 172,320 | |||
Other operating expenses | 35,055 | 32,766 | 101,302 | 89,723 | |||
Depreciation and amortization | 28,357 | 24,960 | 83,746 | 72,914 | |||
Operating income | 56,154 | 43,837 | 116,668 | 106,079 | |||
Interest income (expense) | 178 | 148 | 413 | 1,435 | |||
Other income | 2,448 | 2,243 | 4,096 | 4,303 | |||
Interest Charges | (12,095) | (9,851) | (33,932) | (28,017) | |||
Earnings before Income Taxes | 46,685 | 36,377 | 87,245 | 83,800 | |||
Income taxes (benefit) | 7,181 | 4,946 | 13,076 | 11,258 | |||
Net Earnings | 39,504 | 31,431 | 74,169 | 72,542 | |||
Valencia non-controlling interest | 0 | 0 | 0 | 0 | |||
Subsidiary preferred stock dividends | 0 | 0 | 0 | 0 | |||
Net Earnings Available for PNM Common Stock | 39,504 | 31,431 | 74,169 | 72,542 | |||
Total Assets | 3,039,357 | 2,673,546 | 3,039,357 | 2,673,546 | |||
Goodwill | 226,665 | 226,665 | 226,665 | 226,665 | |||
Corporate and Other | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Utility margin | 0 | 0 | 0 | 0 | |||
Other operating expenses | (7,100) | (5,260) | (19,762) | (15,835) | |||
Depreciation and amortization | 7,298 | 6,249 | 21,372 | 19,057 | |||
Operating income | (198) | (989) | (1,610) | (3,222) | |||
Interest income (expense) | (135) | (67) | (387) | (135) | |||
Other income | 619 | 181 | 1,148 | 384 | |||
Interest Charges | (15,389) | (9,208) | (41,486) | (17,384) | |||
Earnings before Income Taxes | (15,103) | (10,083) | (42,335) | (20,357) | |||
Income taxes (benefit) | (5,249) | (3,617) | (12,375) | (6,038) | |||
Net Earnings | (9,854) | (6,466) | (29,960) | (14,319) | |||
Valencia non-controlling interest | 0 | 0 | 0 | 0 | |||
Subsidiary preferred stock dividends | 0 | 0 | 0 | 0 | |||
Net Earnings Available for PNM Common Stock | (9,854) | (6,466) | (29,960) | (14,319) | |||
Total Assets | 279,632 | 241,928 | 279,632 | 241,928 | |||
Goodwill | 0 | 0 | 0 | 0 | |||
Energy | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Electric operating revenues | 505,851 | 729,888 | 1,527,084 | 1,673,736 | |||
Cost of energy | 210,313 | 334,339 | 624,451 | 698,349 | |||
Utility margin | 295,538 | 395,549 | 902,633 | 975,387 | |||
Energy | PNM | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Cost of energy | 174,362 | 303,351 | 517,824 | 606,129 | |||
Energy | PNM | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Electric operating revenues | 350,334 | 597,337 | 1,118,741 | 1,312,800 | |||
Cost of energy | 174,362 | 303,351 | 517,824 | 606,129 | |||
Utility margin | 175,972 | 293,986 | 600,917 | 706,671 | |||
Energy | TNMP | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Electric operating revenues | 155,517 | 132,551 | 408,343 | 360,936 | |||
Cost of energy | 35,951 | 30,988 | 106,627 | 92,220 | |||
Utility margin | 119,566 | 101,563 | 301,716 | 268,716 | |||
Energy | Corporate and Other | |||||||
Segment Reporting Information, Profit (Loss) [Abstract] | |||||||
Electric operating revenues | 0 | 0 | 0 | 0 | |||
Cost of energy | 0 | 0 | 0 | 0 | |||
Utility margin | $ 0 | $ 0 | $ 0 | $ 0 |
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- Definition Other Income Deductions Excluding Interest No definition available.
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- Definition Other Operating Expenses No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- References No definition available.
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