Earnings and Dividends Per Share

12 Months Ended

Dec. 31, 2017

In accordance with GAAP, dual presentation of basic and diluted earnings per share has been presented in the Consolidated Statements of Earnings of PNMR. Information regarding the computation of earnings per share and dividends per share is as follows:



	Year Ended December 31,
	2017		2016		2015
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	79,874	$	116,849	$	15,640
Average Number of Common Shares:
Outstanding during year	79,654		79,654		79,654
Vested awards of restricted stock	237		104		105
Average Shares – Basic	79,891		79,758		79,759
Dilutive Effect of Common Stock Equivalents:
Stock options and restricted stock	250		374		380
Average Shares – Diluted	80,141		80,132		80,139
Net Earnings Attributable to PNMR Per Share of Common Stock:
Basic	$	1.00	$	1.47	$	0.20
Diluted	$	1.00	$	1.46	$	0.20
Dividends Declared per Common Share	$	0.9925	$	0.9025	$	0.8200