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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Electric Operating Revenues:        
Contracts with customers $ 400,023 $ 392,607 $ 1,042,033 $ 1,016,384
Revenues 422,666 419,900 1,092,857 1,112,398
Operating Expenses:        
Administrative and general 49,969 44,130 141,607 132,509
Regulatory disallowances and restructuring costs (1,645) 0 149 0
Depreciation and amortization 61,580 58,821 180,365 172,829
Transmission and distribution costs 19,394 16,801 54,800 50,309
Taxes other than income taxes 20,492 19,808 60,094 57,820
Total operating expenses 294,676 275,278 839,406 822,435
Operating income 127,990 144,622 253,451 289,963
Other Income and Deductions:        
Interest income 3,400 3,582 11,862 12,348
Gains on investment securities 2,463 5,406 1,081 17,730
Other income 3,735 6,275 12,000 14,626
Other (deductions) (2,624) (6,709) (9,867) (17,372)
Net other income and deductions 6,974 8,554 15,076 27,332
Interest Charges 30,492 32,106 96,868 96,137
Earnings before Income Taxes 104,472 121,070 171,659 221,158
Income Taxes 12,899 42,743 18,838 75,154
Net Earnings 91,573 78,327 152,821 146,004
(Earnings) Attributable to Valencia Non-controlling Interest (3,920) (4,456) (11,706) (11,452)
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (396) (396)
Net Earnings Available for PNM Common Stock $ 87,521 $ 73,739 $ 140,719 $ 134,156
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 1.10 $ 0.92 $ 1.76 $ 1.68
Diluted (dollars per share) 1.09 0.92 1.76 1.67
Dividends Declared per Common Share (dollars per share) $ 0.2650 $ 0.2425 $ 0.7950 $ 0.7275
Alternative revenue programs        
Electric Operating Revenues:        
Revenues $ (8,050) $ (1,908) $ (1,466) $ 11,591
Other electric operating revenue        
Electric Operating Revenues:        
Revenues 30,693 29,201 52,290 84,423
Electricity        
Electric Operating Revenues:        
Revenues 422,666 419,900 1,092,857 1,112,398
Operating Expenses:        
Cost of energy and energy production costs 113,536 103,748 293,803 310,818
Electricity, Generation        
Operating Expenses:        
Cost of energy and energy production costs 31,350 31,970 108,588 98,150
Service        
Operating Expenses:        
Depreciation and amortization 61,580 58,821 180,365 172,829
PNM        
Electric Operating Revenues:        
Contracts with customers 306,019 300,604 783,310 769,069
Revenues 331,374 327,254 832,116 854,909
Operating Expenses:        
Administrative and general 44,923 39,888 129,571 120,598
Regulatory disallowances and restructuring costs (1,645) 0 149 0
Depreciation and amortization 38,474 36,764 113,314 109,228
Transmission and distribution costs 12,408 10,207 33,228 30,301
Taxes other than income taxes 10,964 10,668 34,033 32,837
Total operating expenses 228,858 211,864 648,430 637,749
Operating income 102,516 115,390 183,686 217,160
Other Income and Deductions:        
Interest income 3,472 1,782 9,340 6,457
Gains on investment securities 2,463 5,406 1,081 17,730
Other income 2,137 3,762 6,821 10,270
Other (deductions) (2,085) (4,964) (7,314) (14,490)
Net other income and deductions 5,987 5,986 9,928 19,967
Interest Charges 18,063 20,451 58,881 62,393
Earnings before Income Taxes 90,440 100,925 134,733 174,734
Income Taxes 9,012 35,642 11,009 58,865
Net Earnings 81,428 65,283 123,724 115,869
(Earnings) Attributable to Valencia Non-controlling Interest (3,920) (4,456) (11,706) (11,452)
Net Earnings Attributable to PNMR 77,508 60,827 112,018 104,417
Preferred Stock Dividend Requirements of Subsidiary (132) (132) (396) (396)
Net Earnings Available for PNM Common Stock 77,376 60,695 111,622 104,021
PNM | Alternative revenue programs        
Electric Operating Revenues:        
Revenues (5,338) (2,551) (3,484) 1,417
PNM | Other electric operating revenue        
Electric Operating Revenues:        
Revenues 30,693 29,201 52,290 84,423
PNM | Electricity        
Operating Expenses:        
Cost of energy and energy production costs 92,384 82,367 229,547 246,635
PNM | Electricity, Generation        
Operating Expenses:        
Cost of energy and energy production costs 31,350 31,970 108,588 98,150
Texas-New Mexico Power Company        
Electric Operating Revenues:        
Contracts with customers 94,004 92,003 258,723 247,315
Revenues 91,292 92,646 260,741 257,489
Operating Expenses:        
Administrative and general 9,781 10,765 29,342 30,402
Depreciation and amortization 17,176 16,424 49,676 47,392
Transmission and distribution costs 6,986 6,594 21,572 20,008
Taxes other than income taxes 8,373 8,008 22,710 21,778
Total operating expenses 63,468 63,172 187,556 183,763
Operating income 27,824 29,474 73,185 73,726
Other Income and Deductions:        
Other income 1,300 2,258 4,276 3,621
Other (deductions) (149) (1,030) (1,209) (1,229)
Net other income and deductions 1,151 1,228 3,067 2,392
Interest Charges 8,241 7,704 23,771 22,619
Earnings before Income Taxes 20,734 22,998 52,481 53,499
Income Taxes 4,634 8,271 11,602 18,964
Net Earnings Attributable to PNMR $ 16,100 $ 14,727 40,879 34,535
Net Earnings Attributable to PNMR per Common Share:        
Dividends Declared per Common Share (dollars per share) $ 0.2650 $ 0.2425    
Texas-New Mexico Power Company | Alternative revenue programs        
Electric Operating Revenues:        
Revenues $ (2,712) $ 643 2,018 10,174
Texas-New Mexico Power Company | Other electric operating revenue        
Electric Operating Revenues:        
Revenues 0   0  
Texas-New Mexico Power Company | Electricity        
Operating Expenses:        
Cost of energy and energy production costs $ 21,152 $ 21,381 $ 64,256 $ 64,183