Equity Method Investment (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Marketable Securities

PNMR presents its share of net earnings from NMRD in other income on the Consolidated Statements of Earnings. Summarized financial information for NMRD is as follows:

	December 31,
	2021		2020		2019
	(In thousands)
Operating revenues	$	12,738	$	10,366	$	3,662
Operating expenses	9,733		7,476		2,971
Net earnings	$	3,005	$	2,890	$	691

	Financial Position
	December 31,
	2021		2020
	(In thousands)
Current assets	$	10,729	$	8,046
Net property, plant, and equipment	166,495		172,585
Non-current assets	2,289		1,900
Total assets	179,513		182,531
Current liabilities	824		841
Non-current liabilities	373		380
Owners’ equity	$	178,316	$	181,310