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Condensed Consolidated Statements of Earnings - PNMR - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Electric Operating Revenues $ 505,851 $ 729,888 $ 1,527,084 $ 1,673,736
Operating Expenses:        
Administrative and general 58,481 58,125 167,630 165,328
Regulatory disallowances and restructuring costs 2,315 (567) 6,046 832
Depreciation and amortization 80,192 76,570 237,405 229,103
Transmission and distribution costs 25,078 21,538 72,739 61,160
Taxes other than income taxes 22,432 22,651 72,395 71,207
Total operating expenses 419,199 547,125 1,249,011 1,336,513
Operating income 86,652 182,763 278,073 337,223
Other Income and Deductions:        
Interest income 5,366 3,969 15,568 11,588
Gains (losses) on investment securities (8,404) (15,736) 1,815 (84,104)
Other income 8,428 5,364 17,121 14,845
Other (deductions) (4,555) (1,647) (10,562) (7,529)
Net other income and deductions 835 (8,050) 23,942 (65,200)
Interest Charges 49,838 34,526 136,660 89,963
Earnings before Income Taxes 37,649 140,187 165,355 182,060
Income Taxes (Benefits) (5,267) 13,450 12,742 16,982
Net Earnings 42,916 126,737 152,613 165,078
(Earnings) Attributable to Valencia Non-controlling Interest (5,058) (4,172) (14,172) (10,897)
Preferred Stock Dividend Requirements (132) (132) (396) (396)
Net Earnings Available for PNM Common Stock $ 37,726 $ 122,433 $ 138,045 $ 153,785
Net Earnings Attributable to PNMR per Common Share:        
Basic (dollars per share) $ 0.44 $ 1.42 $ 1.60 $ 1.79
Diluted (dollars per share) 0.44 1.42 1.60 1.78
Dividends Declared per Common Share (dollars per share) $ 0.3675 $ 0.3475 $ 1.1025 $ 1.0425
Energy        
Electric Operating Revenues $ 505,851 $ 729,888 $ 1,527,084 $ 1,673,736
Operating Expenses:        
Energy costs 210,313 334,339 624,451 698,349
Energy Production        
Operating Expenses:        
Energy costs $ 20,388 $ 34,469 $ 68,345 $ 110,534