Earnings Per Share

9 Months Ended

Sep. 30, 2018

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				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	87,521	$	73,739	$	140,719	$	134,156
Average Number of Common Shares:
Outstanding during period	79,654		79,654		79,654		79,654
Vested awards of restricted stock	215		284		210		215
Average Shares – Basic	79,869		79,938		79,864		79,869
Dilutive Effect of Common Stock Equivalents:
Stock options and restricted stock	111		216		126		263
Average Shares – Diluted	79,980		80,154		79,990		80,132
Net Earnings Per Share of Common Stock:
Basic	$	1.10	$	0.92	$	1.76	$	1.68
Diluted	$	1.09	$	0.92	$	1.76	$	1.67