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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Electric Operating Revenues:    
Contracts with customers $ 315,698 $ 303,351
Revenues 349,645 317,878
Operating Expenses:    
Administrative and general 52,336 48,283
Regulatory disallowances and restructuring costs 1,345 0
Depreciation and amortization 65,356 58,722
Transmission and distribution costs 16,678 16,955
Taxes other than income taxes 20,509 19,880
Total operating expenses 312,922 271,746
Operating income 36,723 46,132
Other Income and Deductions:    
Interest income 3,619 4,124
Gains on investment securities 14,014 288
Other income 3,415 3,469
Other (deductions) (3,252) (1,376)
Net other income and deductions 17,796 6,505
Interest Charges 31,634 33,055
Earnings before Income Taxes 22,885 19,582
Income Taxes 1,223 783
Net Earnings 21,662 18,799
(Earnings) Attributable to Valencia Non-controlling Interest (2,830) (3,677)
Preferred Stock Dividend Requirements of Subsidiary (132) (132)
Net Earnings Available for PNM Common Stock $ 18,700 $ 14,990
Net Earnings Attributable to PNMR per Common Share:    
Basic (dollars per share) $ 0.23 $ 0.19
Diluted (dollars per share) 0.23 0.19
Dividends Declared per Common Share (dollars per share) $ 0.29 $ 0.265
Alternative revenue programs    
Electric Operating Revenues:    
Revenues $ 636 $ 924
Other electric operating revenue    
Electric Operating Revenues:    
Revenues 33,311 13,603
Electricity    
Electric Operating Revenues:    
Revenues 349,645 317,878
Operating Expenses:    
Cost of energy and energy production costs 121,626 92,556
Electricity, Generation    
Operating Expenses:    
Cost of energy and energy production costs 35,072 35,350
PNM    
Electric Operating Revenues:    
Contracts with customers 235,941 222,564
Revenues 269,318 236,232
Operating Expenses:    
Administrative and general 47,402 43,726
Regulatory disallowances and restructuring costs 1,345 0
Depreciation and amortization 39,224 36,627
Transmission and distribution costs 10,633 9,827
Taxes other than income taxes 12,010 11,608
Total operating expenses 245,025 207,940
Operating income 24,293 28,292
Other Income and Deductions:    
Interest income 3,656 2,487
Gains on investment securities 14,014 288
Other income 2,632 2,391
Other (deductions) (2,288) (1,462)
Net other income and deductions 18,014 3,704
Interest Charges 18,360 20,830
Earnings before Income Taxes 23,947 11,166
Income Taxes 1,973 (348)
Net Earnings 21,974 11,514
(Earnings) Attributable to Valencia Non-controlling Interest (2,830) (3,677)
Net Earnings Attributable to PNMR 19,144 7,837
Preferred Stock Dividend Requirements of Subsidiary (132) (132)
Net Earnings Available for PNM Common Stock 19,012 7,705
PNM | Alternative revenue programs    
Electric Operating Revenues:    
Revenues 66 65
PNM | Other electric operating revenue    
Electric Operating Revenues:    
Revenues 33,311 13,603
PNM | Electricity    
Operating Expenses:    
Cost of energy and energy production costs 99,339 70,802
PNM | Electricity, Generation    
Operating Expenses:    
Cost of energy and energy production costs 35,072 35,350
Texas-New Mexico Power Company    
Electric Operating Revenues:    
Contracts with customers 79,757 80,787
Revenues 80,327 81,646
Operating Expenses:    
Administrative and general 11,558 10,709
Depreciation and amortization 20,214 16,387
Transmission and distribution costs 6,045 7,128
Taxes other than income taxes 7,638 7,136
Total operating expenses 67,742 63,114
Operating income 12,585 18,532
Other Income and Deductions:    
Interest income 31 0
Other income 717 754
Other (deductions) (163) 331
Net other income and deductions 585 1,085
Interest Charges 8,800 7,729
Earnings before Income Taxes 4,370 11,888
Income Taxes 272 2,475
Net Earnings Attributable to PNMR 4,098 9,413
Texas-New Mexico Power Company | Alternative revenue programs    
Electric Operating Revenues:    
Revenues 570 859
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 $ 22,287 $ 21,754