PUBLIC SERVICE CO OF NEW MEXICO
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
TXNM$58.28+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands, except per share amounts) | |||
| Electric Operating Revenues | $1,939,198 | $2,249,555 | $1,779,873 |
| Operating Expenses: | |||
| Cost of energy | 802,261 | 987,941 | 644,853 |
| Administrative and general | 227,900 | 227,149 | 230,292 |
| Energy production costs | 91,610 | 147,347 | 143,931 |
| Regulatory disallowances and restructuring costs | 71,923 | 832 | 1,194 |
| Depreciation and amortization | 319,503 | 304,853 | 284,107 |
| Transmission and distribution costs | 98,721 | 94,684 | 81,335 |
| Taxes other than income taxes | 95,940 | 92,989 | 86,008 |
| Total operating expenses | 1,707,858 | 1,855,795 | 1,471,720 |
| Operating income | 231,340 | 393,760 | 308,153 |
| Other Income and Deductions: | |||
| Interest income | 21,963 | 16,095 | 14,662 |
| Gains (losses) on investment securities | 19,246 | (78,357) | 16,850 |
| Other income | 24,204 | 21,601 | 20,200 |
| Other (deductions) | (15,869) | (13,881) | (18,559) |
| Net other income and (deductions) | 49,544 | (54,542) | 33,153 |
| Interest Charges | 190,355 | 127,908 | 96,877 |
| Earnings before Income Taxes | 90,529 | 211,310 | 244,429 |
| Income Taxes (Benefits) | (16,350) | 26,130 | 32,582 |
| Net Earnings | 106,879 | 185,180 | 211,847 |
| (Earnings) Attributable to Valencia Non-controlling Interest | (18,533) | (15,122) | (15,490) |
| Preferred Stock Dividend Requirements of Subsidiary | (528) | (528) | (528) |
| Net Earnings Attributable to PNMR | $87,818 | $169,530 | $195,829 |
| Net Earnings Attributable to PNMR per Common Share: | |||
| Basic | $1.02 | $1.97 | $2.28 |
| Diluted | $1.02 | $1.97 | $2.27 |
B - 11
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