2024 Q3 Form 10-Q Financial Statement

#000110842624000068 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $569.3M $488.1M $412.1M
YoY Change 12.53% 2.29% -28.43%
Cost Of Revenue
YoY Change
Gross Profit $297.3M $198.5M
YoY Change 67.78% 9.29%
Gross Profit Margin 52.22% 40.67%
Selling, General & Admin $64.84M $59.58M $60.27M
YoY Change 10.87% 10.26% -2.51%
% of Gross Profit 21.81% 30.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.40M $94.41M $82.10M
YoY Change 9.8% 8.87% -3.77%
% of Gross Profit 32.76% 47.56%
Operating Expenses $372.0M $382.4M $393.0M
YoY Change -10.76% 0.35% -24.32%
Operating Profit $191.1M $105.7M
YoY Change 120.51% 14.46%
Interest Expense $59.66M $55.83M -$29.87M
YoY Change 19.72% 21.63% 7.87%
% of Operating Profit 31.22% 52.83%
Other Income/Expense, Net $1.988M $1.636M $1.776M
YoY Change -56.36% -53.46% 339.6%
Pretax Income $159.8M $60.94M -$74.83M
YoY Change 324.5% 5.69% -355.82%
Income Tax $23.42M $8.971M -$29.09M
% Of Pretax Income 14.66% 14.72%
Net Earnings $136.4M $51.96M -$50.23M
YoY Change 217.83% 5.14% -419.0%
Net Earnings / Revenue 23.96% 10.65% -12.19%
Basic Earnings Per Share $1.45 $0.53
Diluted Earnings Per Share $1.45 $0.53 -$0.59
COMMON SHARES
Basic Shares Outstanding 90.20M shares 90.20M shares 85.83M shares
Diluted Shares Outstanding 90.61M shares 90.55M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.7M $444.5M $2.215M
YoY Change 5831.26% 5717.6% -45.68%
Cash & Equivalents $7.235M $3.235M $2.215M
Short-Term Investments $453.5M $441.2M $444.4M
Other Short-Term Assets $9.292M $21.59M $8.920M
YoY Change 57.25% 119.41% -71.79%
Inventory $120.5M $115.1M $98.03M
Prepaid Expenses $34.25M $30.28M $19.76M
Receivables $149.8M $121.8M $126.3M
Other Receivables $54.28M $109.5M $83.21M
Total Short-Term Assets $495.7M $537.7M $475.5M
YoY Change 1.32% 32.87% 15.71%
LONG-TERM ASSETS
Property, Plant & Equipment $8.413B $8.179B $7.821B
YoY Change 10.31% 12.13% 10.85%
Goodwill $278.3M $278.3M $278.3M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $119.6M
YoY Change -100.0% -100.0% 31.95%
Other Assets $1.203B $1.147B $1.113B
YoY Change 7.71% 3.31% 10.85%
Total Long-Term Assets $10.35B $10.05B $9.777B
YoY Change 8.22% 8.93% 10.52%
TOTAL ASSETS
Total Short-Term Assets $495.7M $537.7M $475.5M
Total Long-Term Assets $10.35B $10.05B $9.777B
Total Assets $10.84B $10.58B $10.25B
YoY Change 7.89% 9.94% 10.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.4M $140.3M $205.2M
YoY Change -13.12% -4.94% -4.88%
Accrued Expenses $126.9M $101.6M $110.9M
YoY Change 29.5% 30.03% 16.07%
Deferred Revenue $6.530M $6.454M $6.237M
YoY Change 4.33% 3.65% 1.96%
Short-Term Debt $459.0M $326.4M $261.9M
YoY Change 13.19% -0.03% 12.89%
Long-Term Debt Due $411.5M $240.8M $280.2M
YoY Change -18.09% -42.99% 51.61%
Total Short-Term Liabilities $1.370B $1.139B $1.231B
YoY Change -7.37% 2.74% 38.23%
LONG-TERM LIABILITIES
Long-Term Debt $4.511B $4.597B $4.242B
YoY Change 15.59% 17.04% 8.97%
Other Long-Term Liabilities $1.542B $1.515B $1.507B
YoY Change 3.11% 9.19% 9.28%
Total Long-Term Liabilities $4.511B $4.597B $4.242B
YoY Change 15.59% 17.04% 8.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.370B $1.139B $1.231B
Total Long-Term Liabilities $4.511B $4.597B $4.242B
Total Liabilities $8.324B $8.120B $7.842B
YoY Change 7.36% 11.21% 12.01%
SHAREHOLDERS EQUITY
Retained Earnings $908.7M $847.4M $787.1M
YoY Change 4.17% -5.6% -5.04%
Common Stock $1.625B $1.625B $1.625B
YoY Change 13.99% 14.15% 13.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.460B $2.403B $2.349B
YoY Change
Total Liabilities & Shareholders Equity $10.84B $10.58B $10.25B
YoY Change 7.89% 9.94% 10.75%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income $136.4M $51.96M -$50.23M
YoY Change 217.83% 5.14% -419.0%
Depreciation, Depletion And Amortization $97.40M $94.41M $82.10M
YoY Change 9.8% 8.87% -3.77%
Cash From Operating Activities $180.0M $76.71M $138.6M
YoY Change 5.78% -30.86% -0.87%
INVESTING ACTIVITIES
Capital Expenditures $323.7M $292.7M $267.9M
YoY Change 19.48% 7.37% 27.76%
Acquisitions
YoY Change
Other Investing Activities -$2.665M -$2.422M -$8.649M
YoY Change -75.06% -60.9% -70.42%
Cash From Investing Activities -$326.4M -$295.1M -$276.5M
YoY Change 15.89% 5.85% 15.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 142.5M 226.8M 134.1M
YoY Change 27.69% 32.35% 37.45%
NET CHANGE
Cash From Operating Activities 180.0M 76.71M 138.6M
Cash From Investing Activities -326.4M -295.1M -276.5M
Cash From Financing Activities 142.5M 226.8M 134.1M
Net Change In Cash -3.884M 8.410M -3.825M
YoY Change -3134.37% 139.74% 147.73%
FREE CASH FLOW
Cash From Operating Activities $180.0M $76.71M $138.6M
Capital Expenditures $323.7M $292.7M $267.9M
Free Cash Flow -$143.7M -$216.0M -$129.3M
YoY Change 42.6% 33.59% 85.02%

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CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3850000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2451680000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2399051000 usd
us-gaap Profit Loss
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PreferredStockDividendRequirementsOfSubsidiary
264000 usd
us-gaap Dividends Common Stock Cash
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34952000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6248000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6676000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7853000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2451680000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2264802000 usd
CY2023Q2 us-gaap Profit Loss
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49423000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5119000 usd
CY2023Q2 pnm Preferred Stock Dividend Requirements Of Subsidiary
PreferredStockDividendRequirementsOfSubsidiary
132000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1224000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
853000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5245000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2313596000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2244926000 usd
us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6813000 usd
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PreferredStockDividendRequirementsOfSubsidiary
264000 usd
us-gaap Dividends Common Stock Cash
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31545000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9618000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4343000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10755000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2313596000 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
17085000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2024Q2 pnm Collaborative Arrangement Owner Obligations Default Amount
CollaborativeArrangementOwnerObligationsDefaultAmount
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2024Q2 pnm Other Operating Expenses
OtherOperatingExpenses
133300000 usd
CY2024Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
94413000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
105683000 usd
CY2024Q2 us-gaap Investment Income Net
InvestmentIncomeNet
4470000 usd
CY2024Q2 pnm Other Income Deductions Excluding Interest
OtherIncomeDeductionsExcludingInterest
6610000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
55828000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60935000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8971000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
51964000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3783000 usd
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
132000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48049000 usd
pnm Other Operating Expenses
OtherOperatingExpenses
264096000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
187600000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
186273000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
9050000 usd
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OtherIncomeDeductionsExcludingInterest
12997000 usd
us-gaap Interest Expense
InterestExpense
109590000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
98730000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3600000 usd
us-gaap Profit Loss
ProfitLoss
102330000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6827000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
264000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
95239000 usd
CY2024Q2 us-gaap Assets
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10583410000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
278297000 usd
CY2023Q2 pnm Other Operating Expenses
OtherOperatingExpenses
133235000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
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CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
92330000 usd
CY2023Q2 us-gaap Investment Income Net
InvestmentIncomeNet
5359000 usd
CY2023Q2 pnm Other Income Deductions Excluding Interest
OtherIncomeDeductionsExcludingInterest
5862000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
45899000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
57652000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
49423000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3987000 usd
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
132000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45304000 usd
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258461000 usd
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
157213000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
191421000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
10202000 usd
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OtherIncomeDeductionsExcludingInterest
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us-gaap Interest Expense
InterestExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
127705000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Profit Loss
ProfitLoss
109696000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9114000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
264000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
100318000 usd
CY2023Q2 us-gaap Assets
Assets
9626970000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
278297000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
198498000 usd
CY2024Q2 us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
25051000 usd
CY2024Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
85263000 usd
CY2024Q2 pnm Utility Margin
UtilityMargin
333396000 usd
us-gaap Gross Profit
GrossProfit
374426000 usd
us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
47815000 usd
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
168932000 usd
pnm Utility Margin
UtilityMargin
637969000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
181627000 usd
CY2023Q2 us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
25465000 usd
CY2023Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
72013000 usd
CY2023Q2 pnm Utility Margin
UtilityMargin
304704000 usd
us-gaap Gross Profit
GrossProfit
368338000 usd
us-gaap Utilities Operating Expense Operations
UtilitiesOperatingExpenseOperations
47661000 usd
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
143139000 usd
pnm Utility Margin
UtilityMargin
607095000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48049000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45304000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
95239000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
100318000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
90200000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
85835000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
90200000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
85835000 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
304000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
250000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
293000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
258000 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90504000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86085000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90493000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86093000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
48000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
39000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
40000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90552000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86129000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90533000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86133000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
CY2024Q2 pnm Number Of Regulated Utilities
NumberOfRegulatedUtilities
2 utility
CY2023Q2 pnm Other Receivables Allowance For Credit Loss Period Increase Decrease
OtherReceivablesAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2024Q2 pnm Other Receivables Allowance For Credit Loss Period Increase Decrease
OtherReceivablesAllowanceForCreditLossPeriodIncreaseDecrease
0 usd
CY2024Q2 us-gaap Commodity Contract Asset Current
CommodityContractAssetCurrent
27100000 usd
CY2023Q4 us-gaap Commodity Contract Asset Current
CommodityContractAssetCurrent
22100000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
473220000 usd
CY2024Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
14714000 usd
CY2024Q2 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
168000 usd
CY2024Q2 us-gaap Revenues
Revenues
488102000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
904310000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
20007000 usd
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
662000 usd
us-gaap Revenues
Revenues
924979000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
462101000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
12467000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
2588000 usd
CY2023Q2 us-gaap Revenues
Revenues
477156000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
993133000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
17226000 usd
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
10874000 usd
us-gaap Revenues
Revenues
1021233000 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
200000 usd
CY2024Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
200000 usd
CY2024Q2 pnm Contract With Customer Liability Net
ContractWithCustomerLiabilityNet
4558000 usd
CY2024Q2 pnm Contract With Customer Cash Collateral
ContractWithCustomerCashCollateral
0 usd
CY2024Q2 pnm Contract With Customer Liability Net Exposure
ContractWithCustomerLiabilityNetExposure
4558000 usd
CY2023Q4 pnm Contract With Customer Liability Net
ContractWithCustomerLiabilityNet
0 usd
CY2023Q4 pnm Contract With Customer Cash Collateral
ContractWithCustomerCashCollateral
0 usd
CY2023Q4 pnm Contract With Customer Liability Net Exposure
ContractWithCustomerLiabilityNetExposure
0 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
6272000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
2792000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
16143000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
1947000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-3880000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
1142000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-5085000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
8619000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
2392000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
3934000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
11058000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
10566000 usd
CY2024Q2 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-1834000 usd
CY2023Q2 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-157000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
7498000 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-347000 usd
CY2024Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
558000 usd
CY2023Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
3777000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
18556000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
10219000 usd
CY2024Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4511857000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4260509000 usd
CY2023 pnm Forward Contracts Issuance Costs
ForwardContractsIssuanceCosts
1000000 usd
CY2023Q4 us-gaap Forward Contract Indexed To Issuers Equity Settlement Alternatives Cash At Fair Value
ForwardContractIndexedToIssuersEquitySettlementAlternativesCashAtFairValue
198200000 usd
us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
4365510 shares
CY2024Q2 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value
ForwardContractIndexedToEquitySettlementShareFairValue
199210000 usd
CY2024Q2 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
6200000 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
326400000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
261900000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3100000 usd
pnm Number Of Monitoring Wells Containing Free Phase Hydrocarbon Products
NumberOfMonitoringWellsContainingFreePhaseHydrocarbonProducts
1 monitoringwell
CY2020Q1 pnm Number Of Field Work Reports
NumberOfFieldWorkReports
2 fieldreport
CY2020Q3 pnm Number Of Field Work Reports
NumberOfFieldWorkReports
2 fieldreport
CY2024Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
42000000 usd
CY2024Q2 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
42000000 usd
CY2024Q1 pnm Public Utilities Increase Non Fuel Based Rate
PublicUtilitiesIncreaseNonFuelBasedRate
15300000 usd
CY2024Q1 pnm Public Utilities Regulatory Liabilities Return Period
PublicUtilitiesRegulatoryLiabilitiesReturnPeriod
P2Y
CY2023 pnm Public Utilities Regulatory Liabilities Return Period
PublicUtilitiesRegulatoryLiabilitiesReturnPeriod
P2Y
CY2024Q2 pnm Public Utilities Excess Return On Jurisdictional Equity That Would Require Refund
PublicUtilitiesExcessReturnOnJurisdictionalEquityThatWouldRequireRefund
0.005
CY2023Q4 pnm Number Of Battery Storage Agreements
NumberOfBatteryStorageAgreements
3 batterystorageagreement
CY2024Q2 pnm Unamortized Cost Of Prepaid Right Of Way Agreements
UnamortizedCostOfPrepaidRightOfWayAgreements
69000000.0 usd
CY2023Q4 pnm Unamortized Cost Of Prepaid Right Of Way Agreements
UnamortizedCostOfPrepaidRightOfWayAgreements
56200000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1000000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2100000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
900000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1800000 usd
CY2024Q2 pnm Non Lease Component Percent Of Lease Liability
NonLeaseComponentPercentOfLeaseLiability
0.255
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
177285000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
182201000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10834000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12267000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
159592000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
167000000 usd
CY2024Q2 pnm Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
47023000 usd
CY2023Q4 pnm Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
49981000 usd
CY2024Q2 pnm Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
23199000 usd
CY2023Q4 pnm Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
23905000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
23824000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
26076000 usd
CY2024Q2 pnm Finance Lease Liability Current Other
FinanceLeaseLiabilityCurrentOther
8268000 usd
CY2023Q4 pnm Finance Lease Liability Current Other
FinanceLeaseLiabilityCurrentOther
8776000 usd
CY2024Q2 pnm Finance Lease Liability Deferred Credits Other
FinanceLeaseLiabilityDeferredCreditsOther
15601000 usd
CY2023Q4 pnm Finance Lease Liability Deferred Credits Other
FinanceLeaseLiabilityDeferredCreditsOther
17326000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y7M6D
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0564
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0487
CY2024Q2 pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
237000 usd
pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
505000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4867000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9874000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2463000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5005000 usd
CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
294000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
591000 usd
CY2024Q2 pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
1917000 usd
pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
3940000 usd
CY2024Q2 pnm Finance Lease Cost
FinanceLeaseCost
840000 usd
pnm Finance Lease Cost
FinanceLeaseCost
1656000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
433000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
793000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
165000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
381000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
6305000 usd
us-gaap Lease Cost
LeaseCost
12704000 usd
CY2023Q2 pnm Operating Lease Cost Gross
OperatingLeaseCostGross
2869000 usd
pnm Operating Lease Cost Gross
OperatingLeaseCostGross
7206000 usd
CY2023Q2 pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
434000 usd
pnm Operating Lease Capitalized Costs
OperatingLeaseCapitalizedCosts
947000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2435000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6259000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2235000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4329000 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
252000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
486000 usd
CY2023Q2 pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
1477000 usd
pnm Finance Lease Capitalized Costs
FinanceLeaseCapitalizedCosts
3167000 usd
CY2023Q2 pnm Finance Lease Cost
FinanceLeaseCost
1010000 usd
pnm Finance Lease Cost
FinanceLeaseCost
1648000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
360000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
622000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
149000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
299000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
3954000 usd
us-gaap Lease Cost
LeaseCost
8828000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
13737000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
16363000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
152000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
127000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1487000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1474000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
663000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
100000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2885000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
6576000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
4846000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
8357000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6592000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3914000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1426000 usd
CY2024Q2 pnm Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
728000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
25863000 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1994000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
23869000 usd
CY2024Q2 pnm Lessee Operating Lease Unguaranteed Residual Value
LesseeOperatingLeaseUnguaranteedResidualValue
22800000 usd
CY2024Q2 pnm Lessee Operating Lease Lease Not Yet Commenced Fixed Consideration
LesseeOperatingLeaseLeaseNotYetCommencedFixedConsideration
1100000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P20Y
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1529
pnm Public Utilities Regulatory Disallowances Tax Effect
PublicUtilitiesRegulatoryDisallowancesTaxEffect
1100000 usd
pnm Sale Of Equity Method Investee Tax Effect
SaleOfEquityMethodInvesteeTaxEffect
19500000 usd
us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
100000 usd
us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
23300000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee
GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee
4400000 usd
CY2024Q1 us-gaap Investment Tax Credit
InvestmentTaxCredit
15700000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-3263000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-716000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2102000 usd
pnm Increase Decrease In Accounts Receivable And Unbilled Revenues
IncreaseDecreaseInAccountsReceivableAndUnbilledRevenues
10120000 usd

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