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Equity Method Investment (Tables)

12 Months Ended

Dec. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

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,
	2022		2021		2020
	(In thousands)
Operating revenues	$	12,505	$	12,738	$	10,366
Operating expenses	9,591		9,733		7,476
Net earnings	$	2,914	$	3,005	$	2,890


	Financial Position
	December 31,
	2022		2021
	(In thousands)
Current assets	$	8,357	$	10,729
Net property, plant, and equipment	169,440		166,495
Non-current assets	9,631		2,289
Total assets	187,428		179,513
Current liabilities	5,822		824
Non-current liabilities	366		373
Owners’ equity	$	181,240	$	178,316