PUBLIC SERVICE CO OF NEW MEXICO
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
View on SEC.govAbout 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.
Jun 30, 2025 · Filed Aug 1, 2025
TXNM$58.28+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
, INC. AND SUBSIDIARIES
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (In thousands, except per share amounts) | ||||
| Electric Operating Revenues | $502,420 | $488,102 | $985,212 | $924,979 |
| Operating Expenses: | ||||
| Cost of energy | 167,622 | 154,706 | 336,804 | 287,010 |
| Administrative and general | 75,991 | 59,581 | 136,760 | 115,008 |
| Energy production costs | 26,081 | 24,584 | 50,627 | 46,796 |
| Regulatory disallowances | — | — | — | 4,459 |
| Depreciation and amortization | 105,235 | 94,413 | 209,786 | 187,600 |
| Transmission and distribution costs | 26,461 | 25,051 | 51,966 | 47,815 |
| Taxes other than income taxes | 28,329 | 24,084 | 54,679 | 50,018 |
| Total operating expenses | 429,719 | 382,419 | 840,622 | 738,706 |
| Operating income | 72,701 | 105,683 | 144,590 | 186,273 |
| Other Income and Deductions: | ||||
| Interest income | 3,872 | 4,470 | 8,119 | 9,050 |
| Gains on investment securities | 23,556 | 558 | 22,315 | 18,556 |
| Other income | 5,704 | 7,688 | 10,433 | 12,599 |
| Other (deductions) | (6,481) | (1,636) | (8,739) | (18,158) |
| Net other income and deductions | 26,651 | 11,080 | 32,128 | 22,047 |
| Interest Charges | 72,013 | 55,828 | 135,564 | 109,590 |
| Earnings before Income Taxes | 27,339 | 60,935 | 41,154 | 98,730 |
| Income Taxes (Benefits) | 1,326 | 8,971 | 2,344 | (3,600) |
| Net Earnings | 26,013 | 51,964 | 38,810 | 102,330 |
| (Earnings) Attributable to Valencia Non-controlling Interest | (4,305) | (3,783) | (8,047) | (6,827) |
| Preferred Stock Dividend Requirements of Subsidiary | (132) | (132) | (264) | (264) |
| Net Earnings Attributable to TXNM | $21,576 | $48,049 | $30,499 | $95,239 |
| Net Earnings Attributable to TXNM per Common Share: | ||||
| Basic | $0.22 | $0.53 | $0.32 | $1.05 |
| Diluted | $0.22 | $0.53 | $0.32 | $1.05 |
| Dividends Declared per Common Share | $0.4075 | $0.3875 | $0.8150 | $0.7750 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.