Equity Method Investment (Tables)

12 Months Ended

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Marketable Securities

PNMR presented 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,
	2023		2022		2021
	(In thousands)
Operating revenues	$	13,629	$	12,505	$	12,738
Operating expenses	8,228		9,591		9,733
Net earnings	$	5,401	$	2,914	$	3,005

	Financial Position
	December 31,
	2023		2022
	(In thousands)
Current assets	$	2,589	$	8,357
Net property, plant, and equipment	235,791		169,440
Non-current assets	1,849		9,631
Total assets	240,229		187,428
Current liabilities	730		5,822
Non-current liabilities	358		366
Owners’ equity	$	239,141	$	181,240