v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - TEXAS-NEW MEXICO POWER COMPANY AND SUBSIDIARIES - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Electric Operating Revenues $ 733,290 $ 647,162 $ 1,786,826 $ 1,632,374
Operating Expenses:        
Administrative and general 68,871 68,445 200,652 205,205
Depreciation and amortization 112,346 105,012 339,300 314,798
Transmission and distribution costs 28,226 27,167 79,490 79,133
Taxes other than income taxes 30,998 28,185 93,848 82,864
Total operating expenses 462,202 444,292 1,315,425 1,284,914
Total operating expenses 271,088 202,870 471,401 347,460
Other Income and Deductions:        
Interest income 6,114 6,496 13,860 14,615
Other income 9,269 7,688 24,237 18,121
Net other income and deductions 348 22,532 33,635 54,660
Interest Charges 76,059 70,149 213,997 205,713
Earnings before Income Taxes 195,377 155,253 291,039 196,407
Income Taxes 27,376 18,949 39,643 21,293
Net Earnings 168,001 136,304 251,396 175,114
Texas-New Mexico Power Company        
Electric Operating Revenues 205,462 183,442 567,871 496,902
Operating Expenses:        
Cost of energy 45,142 42,189 132,527 123,703
Administrative and general 12,792 13,858 41,660 40,893
Depreciation and amortization 36,215 34,956 114,351 105,095
Transmission and distribution costs 10,719 9,040 28,667 29,430
Taxes other than income taxes 14,011 12,659 39,861 35,607
Total operating expenses 118,879 112,702 357,066 334,728
Total operating expenses 86,583 70,740 210,805 162,174
Other Income and Deductions:        
Interest income 1,707 2,281 2,242 2,594
Other income 4,790 3,716 11,878 8,000
Other (deductions) (2,099) (374) (2,134) (871)
Net other income and deductions 4,398 5,623 11,986 9,723
Interest Charges 23,280 24,754 66,711 66,018
Earnings before Income Taxes 67,701 51,609 156,080 105,879
Income Taxes 13,672 10,479 31,427 21,498
Net Earnings $ 54,029 $ 41,130 $ 124,653 $ 84,381