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Condensed Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Electric Operating Revenues:        
Contracts with customers $ 531,966 $ 481,881 $ 1,320,779 $ 1,197,359
Alternative revenue programs (11,643) (9,483) (14,569) (3,156)
Other electric operating revenue 209,565 82,153 367,526 151,595
Total electric operating revenues 729,888 554,551 1,673,736 1,345,798
Operating Expenses:        
Administrative and general 58,125 56,520 165,328 168,458
Regulatory disallowances and restructuring costs (567) 436 832 436
Depreciation and amortization 76,570 71,438 229,103 212,039
Transmission and distribution costs 21,538 19,996 61,160 56,166
Taxes other than income taxes 22,651 22,678 71,207 65,440
Total operating expenses 547,125 402,822 1,336,513 1,076,700
Operating income 182,763 151,729 337,223 269,098
Other Income and Deductions:        
Investment Income, Interest 3,969 3,329 11,588 10,466
Gains (losses) on investment securities (15,736) 1,948 (84,104) 16,108
Other income 5,364 5,686 14,845 14,592
Other (deductions) (1,647) (5,098) (7,529) (13,836)
Net other income and deductions (8,050) 5,865 (65,200) 27,330
Interest Charges 34,526 23,244 89,963 73,247
Earnings before Income Taxes 140,187 134,350 182,060 223,181
Income Taxes (Benefits) 13,450 16,668 16,982 26,533
Net Earnings 126,737 117,682 165,078 196,648
(Earnings) Attributable to Valencia Non-controlling Interest (4,172) (4,229) (10,897) (11,643)
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Available for PNM Common Stock $ 122,433 $ 113,321 $ 153,785 $ 184,609
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 1.42 $ 1.32 $ 1.79 $ 2.14
Diluted (dollars per share) 1.42 1.32 1.78 2.14
Dividends Declared per Common Share (dollars per share) $ 0.3475 $ 0.3275 $ 1.0425 $ 0.9825
Energy        
Electric Operating Revenues:        
Total electric operating revenues $ 729,888 $ 554,551 $ 1,673,736 $ 1,345,798
Operating Expenses:        
Energy costs 334,339 199,380 698,349 467,452
Energy Production        
Operating Expenses:        
Energy costs $ 34,469 $ 32,374 $ 110,534 $ 106,709