v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - PUBLIC SERVICE COMPANY OF NEW MEXICO AND SUBSIDIARIES - USD ($)
$ in Thousands
Total
Total PNM Common Stockholder’s Equity
Common Stock
AOCI
Retained Earnings
Non- controlling Interest in Valencia
PNM
PNM
Total PNM Common Stockholder’s Equity
PNM
Common Stock
PNM
AOCI
PNM
Retained Earnings
PNM
Non- controlling Interest in Valencia
Beginning balance at Dec. 31, 2024 $ 2,583,285 $ 2,536,385 $ 1,724,444 $ (75,708) $ 887,649 $ 46,900 $ 2,184,198 $ 2,137,298 $ 1,602,918 $ (75,708) $ 610,088 $ 46,900
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 175,114 161,605     161,605 13,509 141,641 128,132     128,132 13,509
Total other comprehensive income 1,954 1,954   1,954     3,101 3,101   3,101    
Dividends declared on preferred stock             (396) (396)     (396)  
Valencia’s transactions with its owner (15,102)         (15,102) (15,102)         (15,102)
Ending balance at Sep. 30, 2025 3,461,345 3,416,038 2,565,578 (73,754) 924,214 45,307 2,313,442 2,268,135 1,602,918 (72,607) 737,824 45,307
Beginning balance at Jun. 30, 2025 3,216,794 3,170,765 2,366,770 (75,393) 879,388 46,029 2,210,809 2,164,780 1,602,918 (73,533) 635,395 46,029
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 136,304 130,842     130,842 5,462 108,023 102,561     102,561 5,462
Total other comprehensive income 1,639 1,639   1,639     926 926   926    
Dividends declared on preferred stock             (132) (132)     (132)  
Valencia’s transactions with its owner (6,184)         (6,184) (6,184)         (6,184)
Ending balance at Sep. 30, 2025 3,461,345 3,416,038 2,565,578 (73,754) 924,214 45,307 2,313,442 2,268,135 1,602,918 (72,607) 737,824 45,307
Beginning balance at Dec. 31, 2025 3,448,006 3,404,018 2,563,930 (26,816) 866,904 43,988 2,441,668 2,397,680 1,726,218 (25,703) 697,165 43,988
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 251,396 238,826     238,826 12,570 169,789 157,219     157,219 12,570
Total other comprehensive income 1,027 1,027   1,027     922 922   922    
Dividends declared on preferred stock             (396) (396)     (396)  
Equity contribution from parent             105,000 105,000 105,000      
Valencia’s transactions with its owner (8,441)         (8,441) (8,441)         (8,441)
Ending balance at Sep. 30, 2026 3,685,983 3,637,866 2,681,880 (25,789) 981,775 48,117 2,708,542 2,660,425 1,831,218 (24,781) 853,988 48,117
Beginning balance at Jun. 30, 2026 3,602,408 3,554,462 2,685,140 (25,809) 895,131 47,946 2,581,447 2,533,501 1,831,218 (24,766) 727,049 47,946
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 168,001 163,561     163,561 4,440 131,511 127,071     127,071 4,440
Total other comprehensive income 20 20   20     (15) (15)   (15)    
Dividends declared on preferred stock             (132) (132)     (132)  
Valencia’s transactions with its owner (4,269)         (4,269) (4,269)         (4,269)
Ending balance at Sep. 30, 2026 $ 3,685,983 $ 3,637,866 $ 2,681,880 $ (25,789) $ 981,775 $ 48,117 $ 2,708,542 $ 2,660,425 $ 1,831,218 $ (24,781) $ 853,988 $ 48,117