Earnings Per Share

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	38,208	$	37,555	$	53,198	$	60,417
Average Number of Common Shares:
Outstanding during period	79,654		79,654		79,654		79,654
Vested awards of restricted stock	211		251		208		181
Average Shares – Basic	79,865		79,905		79,862		79,835
Dilutive Effect of Common Stock Equivalents:
Stock options and restricted stock	114		226		134		286
Average Shares – Diluted	79,979		80,131		79,996		80,121
Net Earnings Per Share of Common Stock:
Basic	$	0.48	$	0.47	$	0.67	$	0.76
Diluted	$	0.48	$	0.47	$	0.67	$	0.75