Earnings and Dividends Per Share

12 Months Ended

Dec. 31, 2022

Dual presentation of basic and diluted earnings per share has been presented in the Consolidated Statements of Earnings of PNMR. Information regarding the computation of earnings per share and dividends per share is as follows:


	Year Ended December 31,
	2022		2021		2020
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	169,530	$	195,829	$	172,775
Average Number of Common Shares:
Outstanding during year	85,835		85,835		79,941
Vested awards of restricted stock	287		235		216
Average Shares – Basic	86,122		86,070		80,157
Dilutive Effect of Common Stock Equivalents:
PNMR 2020 Forward Equity Sale Agreements	—		—		106
Stock options and restricted stock	47		41		40
Average Shares – Diluted	86,169		86,111		80,303
Net Earnings Attributable to PNMR Per Share of Common Stock:
Basic	$	1.97	$	2.28	$	2.16
Diluted	$	1.97	$	2.27	$	2.15
Dividends Declared per Common Share	$	1.41	$	1.33	$	1.25