Earnings Per Share

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	122,433	$	113,321	$	153,785	$	184,609
Average Number of Common Shares:
Outstanding during period	85,835		85,835		85,835		85,835
Vested awards of restricted stock	266		237		291		230
Average Shares – Basic	86,101		86,072		86,126		86,065
Dilutive Effect of Common Stock Equivalents:

Restricted stock	35		41		52		41
Average Shares – Diluted	86,136		86,113		86,178		86,106

Net Earnings Per Share of Common Stock:
Basic	$	1.42	$	1.32	$	1.79	$	2.14
Diluted	$	1.42	$	1.32	$	1.78	$	2.14