Earnings and Dividends Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Information regarding the computation of earnings per share and dividends per share is as follows:

	Year Ended December 31,
	2013		2012		2011
	(In thousands, except per share amounts)
Earnings Attributable to PNMR	$	100,507	$	105,547	$	176,359
Average Number of Common Shares:
Outstanding during year	79,654		79,654		85,558
Equivalents from convertible preferred stock (Note 5)	—		—		3,469
Vested awards of restricted stock	191		145		174
Average Shares - Basic	79,845		79,799		89,201
Dilutive Effect of Common Stock Equivalents (1):
Stock options and restricted stock	586		618		556
Average Shares – Diluted	80,431		80,417		89,757
Net Earnings Per Share of Common Stock:
Basic	$	1.26	$	1.32	$	1.98
Diluted	$	1.25	$	1.31	$	1.96
Dividends Declared per Common Share	$	0.68	$	0.58	0.50

⁽¹⁾  Excludes out-of-the-money options for 509,916 shares of common stock at December 31, 2013. See Note 13.