PNM RESOURCES INC

For the period ended Mar 31, 2024. Filed May 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

TXNM$58.10-0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

PNM RESOURCES, INC. AND SUBSIDIARIES

	Three Months Ended March 31,
	2024	2023
(In thousands, except per share amounts)
Electric Operating Revenues	$436,877	$544,077
Operating Expenses:
Cost of energy	132,304	241,686
Administrative and general	55,427	55,110
Energy production costs	22,212	22,358
Regulatory disallowances	4,459	—
Depreciation and amortization	93,187	78,074
Transmission and distribution costs	22,764	22,196
Taxes other than income taxes	25,934	25,562
Total operating expenses	356,287	444,986
Operating income	80,590	99,091
Other Income and Deductions:
Interest income	4,580	4,843
Gains on investment securities	17,998	6,442
Other income	4,911	3,093
Other (deductions)	(16,522)	(2,493)
Net other income and deductions	10,967	11,885
Interest Charges	53,762	40,923
Earnings before Income Taxes	37,795	70,053
Income Taxes (Benefits)	(12,571)	9,780
Net Earnings	50,366	60,273
(Earnings) Attributable to Valencia Non-controlling Interest	(3,044)	(5,127)
Preferred Stock Dividend Requirements of Subsidiary	(132)	(132)
Net Earnings Attributable to PNMR	$47,190	$55,014
Net Earnings Attributable to PNMR per Common Share:
Basic	$0.52	$0.64
Diluted	$0.52	$0.64
Dividends Declared per Common Share	$0.3875	$0.3675

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.