7Baggers

PNM Resources Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Operating Profit  
20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 -46.73-12.7621.2155.1989.16123.13157.11191.08Milllion

PNM Resources Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 
                                                                                
  electric operating revenues502,420,000 482,792,000 476,964,000 569,256,000 488,102,000 436,877,000 412,114,000 505,851,000 477,156,000 544,077,000                     332,605,000 419,900,000 362,320,000 330,178,000 336,225,000 400,374,000 315,391,000 310,961,000 335,895,000 417,433,000 352,887,000 332,868,000 346,845,000 413,951,000 346,160,000 328,897,000 322,930,000 399,730,000 347,599,000 317,665,000 322,757,000 390,411,000 323,860,000 305,374,000 347,872,000 549,498,000 415,586,000 387,663,000 380,652,000 503,653,000 405,817,000                  
  operating expenses:                                                                              
  cost of energy167,622,000 169,182,000 158,065,000 138,909,000 154,706,000 132,304,000 177,810,000 210,313,000 172,452,000 241,686,000 289,592,000 334,339,000 195,596,000 168,414,000 177,401,000 199,380,000 152,676,000 115,396,000 120,677,000 133,991,000 93,863,000 98,710,000 98,667,000 108,736,000 83,782,000 121,626,000 105,923,000 113,536,000 87,711,000 92,556,000 96,661,000 103,748,000 104,267,000 102,804,000 98,098,000 108,766,000 81,363,000 92,369,000 110,710,000 124,255,000 114,038,000 115,645,000 117,024,000 132,499,000 109,419,000 112,614,000 107,277,000 114,674,000 105,659,000 104,706,000 102,508,000 110,777,000 94,719,000 91,847,000 110,108,000 250,854,000 173,454,000 158,507,000 143,489,000 215,169,000 151,181,000 190,888,000 161,840,000 199,648,000 175,253,000 181,248,000 393,623,000 398,698,000           
  administrative and general75,991,000 60,769,000 67,268,000 64,840,000 59,581,000 55,427,000 60,270,000 58,481,000 54,039,000 55,110,000 61,821,000 58,125,000 51,342,000 55,861,000 61,834,000 56,520,000 52,473,000 59,465,000 68,238,000 51,611,000 50,453,000 46,032,000 46,445,000 47,613,000 42,833,000 52,336,000 46,863,000 49,969,000 43,355,000 48,283,000 47,422,000 46,268,000 45,122,000 47,532,000 52,300,000 46,942,000 45,160,000 47,109,000 48,939,000 46,375,000 39,928,000 43,859,000 39,828,000 42,190,000 45,235,000 43,859,000 44,466,000 46,915,000 43,139,000 44,691,000 52,369,000 45,283,000 45,289,000 44,800,000 60,758,000 69,755,000 68,795,000 58,465,000 68,158,000 71,193,000 62,420,000 62,785,000 70,821,000 67,774,000 61,550,000 62,138,000 60,999,000 59,392,000 47,362,000 9,785,000 69,256,000 64,341,000 71,206,000 74,808,000 69,599,000 66,311,000 65,305,000  
  energy production costs26,081,000 24,546,000 25,693,000 21,259,000 24,584,000 22,212,000 23,265,000 20,388,000 25,599,000 22,358,000 36,813,000 34,469,000 42,499,000 33,566,000 37,222,000 32,374,000 37,439,000 36,896,000 39,866,000 31,148,000 33,345,000 33,618,000 33,692,000 30,877,000 42,905,000 35,072,000 40,889,000 31,350,000 41,888,000 35,350,000 39,300,000 31,970,000 34,393,000 31,787,000 34,161,000 31,460,000 37,881,000 42,686,000 47,125,000 42,168,000 44,790,000 42,669,000 49,216,000 43,287,000 45,846,000 47,288,000 44,273,000 41,142,000 46,831,000 43,573,000 53,871,000 40,365,000 46,053,000 45,128,000 45,340,000 39,730,000 47,127,000 48,652,000 47,917,000 42,306,000 51,811,000 53,885,000 49,407,000 40,130,000 47,134,000 48,557,000 46,471,000 45,557,000 51,204,000 43,734,000 57,669,000 52,256,000 47,500,000 44,379,000 38,489,000 43,714,000 37,587,000  
  regulatory disallowances  -1,621,000 6,142,000  4,459,000                                 436,000  1,529,000 215,000     10,500,000 1,735,000         21,402,000      256,000  27,286,000    30,248,000          
  depreciation and amortization105,235,000 104,551,000 99,925,000 97,400,000 94,413,000 93,187,000 82,098,000 80,192,000 79,139,000 78,074,000 75,750,000 76,570,000 76,769,000 75,764,000 72,068,000 71,438,000 70,727,000 69,874,000 68,217,000 68,400,000 70,022,000 68,973,000 68,037,000 68,350,000 66,065,000 65,356,000 60,823,000 61,580,000 60,063,000 58,722,000 59,113,000 58,821,000 57,625,000 56,383,000 55,309,000 53,017,000 50,955,000 49,829,000 46,906,000 47,503,000 46,049,000 45,461,000 44,210,000 44,295,000 42,163,000 41,965,000 41,692,000 42,743,000 41,639,000 40,807,000 41,884,000 42,820,000 41,054,000 38,414,000 37,932,000 42,370,000 38,272,000 38,473,000 38,070,000 38,980,000 37,376,000 37,279,000 36,882,000 38,050,000 36,946,000 36,071,000 36,752,000 34,650,000 34,037,000 18,844,000 36,714,000 39,695,000 40,442,000 40,089,000 39,899,000 37,953,000 34,330,000  
  transmission and distribution costs26,461,000 25,505,000 26,905,000 23,660,000 25,051,000 22,764,000 25,982,000 25,078,000 25,465,000 22,196,000 33,524,000 21,538,000 21,156,000 18,466,000 25,169,000 19,996,000 18,853,000 17,317,000 23,881,000 18,742,000 18,034,000 17,286,000 17,529,000 16,461,000 19,195,000 16,678,000 21,634,000 19,394,000 18,450,000 16,955,000 21,267,000 16,801,000 17,031,000 16,477,000 16,262,000 16,056,000 17,315,000 16,594,000 19,034,000 16,768,000 16,868,000 16,487,000 16,714,000 16,884,000 16,068,000 16,906,000 19,434,000 17,248,000 17,148,000 16,295,000 20,229,000 17,082,000 17,565,000 16,248,000 16,731,000 17,925,000 18,161,000 16,877,000 18,847,000 15,012,000 15,672,000 13,890,000 16,867,000 16,029,000 16,398,000 14,017,000 14,981,000 15,110,000 13,376,000 -7,845,000 20,858,000 22,194,000 22,567,000 21,722,000 19,723,000 21,314,000 19,050,000  
  taxes other than income taxes28,329,000 26,350,000 24,596,000 25,966,000 24,084,000 25,934,000 23,545,000 22,432,000 24,401,000 25,562,000 21,782,000 22,651,000 24,577,000 23,979,000 20,568,000 22,678,000 20,169,000 22,593,000 18,711,000 20,768,000 20,782,000 21,265,000 18,727,000 21,009,000 19,809,000 20,509,000 19,579,000 20,492,000 19,723,000 19,880,000 18,870,000 19,808,000 18,777,000 19,235,000 18,723,000 19,611,000 17,895,000 20,092,000 16,591,000 18,859,000 17,271,000 18,963,000 15,943,000 17,997,000 16,133,000 17,512,000 14,757,000 17,534,000 15,316,000 16,889,000 15,159,000 15,934,000 14,074,000 15,208,000 13,068,000 20,580,000 15,515,000 14,469,000 14,282,000 15,585,000 13,683,000 14,187,000 11,345,000 14,560,000 11,665,000 13,931,000 12,680,000 13,484,000 12,867,000 6,036,000 14,263,000 19,003,000 18,620,000      
  total operating expenses429,719,000 410,903,000 400,831,000 378,176,000 382,419,000 356,287,000 458,847,000 419,199,000 384,826,000 444,986,000 519,282,000 547,125,000 413,338,000 376,050,000 395,020,000 402,822,000 352,337,000 321,541,000 340,688,000 324,660,000 286,499,000 285,884,000 283,593,000 293,046,000 423,843,000 312,922,000 361,160,000 294,676,000 272,984,000 271,746,000 309,669,000 277,416,000 277,215,000 274,218,000 272,639,000 292,303,000 250,569,000 269,453,000 455,032,000 295,928,000 280,473,000 283,299,000 283,997,000 297,152,000 274,864,000 280,144,000 282,399,000 281,991,000 269,732,000 266,961,000 286,020,000 272,261,000 258,754,000 251,645,000 283,937,000 441,214,000 382,726,000 335,443,000 330,763,000 398,245,000 332,143,000 372,914,000 347,418,000 376,191,000 376,232,000 355,962,000 573,412,000 703,070,000 423,474,000 48,045,000 607,741,000 554,022,000 592,824,000 554,837,000 573,627,000 500,243,000 609,455,000  
  operating income72,701,000 71,889,000 76,133,000 191,080,000 105,683,000 80,590,000 -46,733,000 86,652,000 92,330,000 99,091,000 56,537,000 182,763,000 86,392,000 68,068,000 39,055,000 151,729,000 74,203,000 43,166,000 18,588,000 147,805,000 71,150,000 47,738,000 60,552,000 140,540,000 -93,615,000 36,723,000 -17,404,000 127,990,000 79,329,000 46,132,000 22,936,000 142,484,000 85,105,000 55,960,000 63,586,000 108,071,000 64,822,000 41,508,000 -119,137,000 121,505,000 72,414,000 49,569,000 62,848,000 116,799,000 71,296,000 48,753,000 40,531,000 117,739,000 77,867,000 50,704,000 36,737,000 118,150,000 65,106,000 53,729,000 63,935,000 108,284,000 32,860,000 52,220,000 49,889,000 105,408,000 73,674,000 10,543,000 35,625,000 101,536,000 24,878,000 29,903,000 33,664,000 -122,760,000 -58,971,000 2,365,000 21,696,000 26,659,000 60,677,000 64,197,000 76,538,000 46,426,000 46,346,000  
  yoy-31.21% -10.80% -262.91% 120.51% 14.46% -18.67% -182.66% -52.59% 6.87% 45.58% 44.76% 20.45% 16.43% 57.69% 110.11% 2.65% 4.29% -9.58% -69.30% 5.17% -176.00% 29.99% -447.92% 9.81% -218.01% -20.40% -175.88% -10.17% -6.79% -17.56% -63.93% 31.84% 31.29% 34.82% -153.37% -11.06% -10.48% -16.26% -289.56% 4.03% 1.57% 1.67% 55.06% -0.80% -8.44% -3.85% 10.33% -0.35% 19.60% -5.63% -42.54% 9.11% 98.13% 2.89% 28.15% 2.73% -55.40% 395.30% 40.04% 3.81% 196.14% -64.74% 5.83% -182.71% -142.19% 1164.40% 55.16% -560.48% -197.19% -96.32% -71.65% -42.58% 30.92%      
  qoq1.13% -5.57% -60.16% 80.80% 31.14% -272.45% -153.93% -6.15% -6.82% 75.27% -69.07% 111.55% 26.92% 74.29% -74.26% 104.48% 71.90% 132.23% -87.42% 107.74% 49.04% -21.16% -56.91% -250.13% -354.92% -311.00% -113.60% 61.34% 71.96% 101.13% -83.90% 67.42% 52.08% -11.99% -41.16% 66.72% 56.17% -134.84% -198.05% 67.79% 46.09% -21.13% -46.19% 63.82% 46.24% 20.29% -65.58% 51.21% 53.57% 38.02% -68.91% 81.47% 21.17% -15.96% -40.96% 229.53% -37.07% 4.67% -52.67% 43.07% 598.80% -70.41% -64.91% 308.14% -16.80% -11.17% -127.42% 108.17% -2593.49% -89.10% -18.62% -56.06% -5.48% -16.12% 64.86% 0.17%   
  operating margin %                                                                              
  other income and deductions:                                                                              
  interest income3,872,000 4,247,000 5,818,000 8,669,000 4,470,000 4,580,000 6,395,000 5,366,000 5,359,000 4,843,000 4,507,000 3,969,000 3,327,000 4,292,000 4,196,000 3,329,000 3,578,000 3,559,000 4,549,000 3,180,000 3,071,000 3,423,000 3,533,000 3,440,000 3,460,000 3,619,000 3,678,000 3,400,000 4,339,000 4,124,000 3,568,000 3,582,000 3,885,000 4,881,000 3,873,000 4,604,000 10,194,000 3,622,000 1,656,000 1,151,000 1,941,000 1,750,000 2,242,000 2,084,000 2,040,000 2,117,000 2,312,000 2,264,000 2,833,000 2,634,000 3,264,000 3,130,000 3,386,000 3,292,000 3,505,000 3,748,000 4,234,000 4,028,000 4,288,000 4,499,000 5,083,000 5,027,000 5,041,000 6,902,000 11,223,000 5,223,000 7,248,000 4,412,000 5,530,000 15,272,000 10,053,000 7,041,000 10,788,000 10,713,000 9,902,000 8,916,000 10,151,000  
  gains on investment securities23,556,000 -1,241,000 -5,475,000 13,770,000 558,000 17,998,000 17,431,000 -8,404,000 3,777,000 6,442,000 5,747,000 -15,736,000 -41,795,000 -26,573,000 742,000 1,948,000 13,192,000 968,000 18,427,000 14,401,000 21,620,000 -32,849,000 9,290,000 1,686,000 4,599,000 14,014,000 -18,257,000 2,463,000 -1,670,000 288,000                                           70,000      
  other income5,704,000 4,729,000 8,069,000 7,953,000 7,688,000 4,911,000 7,083,000 8,428,000 5,600,000 3,093,000 6,756,000 5,364,000 5,151,000 4,330,000 5,608,000 5,686,000 4,654,000 4,252,000 6,245,000 7,022,000 4,390,000 2,316,000 4,332,000 4,256,000 3,350,000 3,415,000 5,586,000 3,735,000 4,796,000 3,469,000 4,889,000 6,275,000 3,450,000 4,902,000 4,383,000 4,884,000 4,265,000 4,264,000 9,989,000 6,165,000 5,717,000 4,961,000 4,400,000 2,895,000 3,180,000 1,574,000 3,055,000 3,252,000 2,555,000 1,707,000 5,755,000 2,484,000 1,862,000 2,645,000 1,750,000 1,755,000 809,000 995,000 1,504,000 1,963,000 1,171,000 10,137,000 140,000 3,168,000 5,157,000 23,164,000 2,834,000 226,000 890,000 1,830,000 1,686,000 1,890,000 2,012,000 380,000 1,167,000 1,922,000 3,167,000  
  other-6,481,000 -2,258,000 -4,043,000 -1,988,000 -1,636,000 -16,522,000 -5,307,000 -4,555,000 -3,515,000 -2,493,000 -6,352,000 -1,647,000 -3,641,000 -2,241,000 -4,723,000 -5,098,000 -5,448,000 -3,290,000 -4,591,000 -7,361,000 -3,307,000 -3,473,000 -5,348,000 -3,612,000 -3,117,000 -3,252,000 -5,829,000 -2,624,000 -5,868,000 -1,376,000 -4,735,000 -4,571,000 -2,904,000 -3,483,000 -2,918,000 -3,764,000 -4,105,000 -2,999,000 -2,137,000 -3,222,000 -3,707,000 -3,662,000 -3,296,000 -2,084,000 -2,169,000 -2,931,000 -8,036,000 -5,970,000 -4,194,000             61,000 61,000 62,000 75,000 62,000 53,000 67,000 100,000 497,000 334,000 169,000 210,000 683,000 197,000 197,000 109,000  
  net other income and deductions26,651,000 5,477,000 12,612,750 28,404,000 11,080,000 10,967,000 5,985,500 835,000 11,221,000 11,885,000 -16,300,000 -8,050,000 -36,958,000 -20,192,000 6,832,500 5,865,000 15,976,000 5,489,000 3,108,250 17,242,000 25,774,000 -30,583,000 11,807,000 5,770,000 8,292,000 17,796,000 -14,822,000 6,974,000 1,597,000 6,505,000 13,153,000 10,692,000 10,094,000 12,961,000 9,475,000 10,255,000 14,985,000 11,105,000 13,452,000 6,630,000 9,507,000 7,073,000 5,639,000 3,857,000 7,750,000 3,333,000                     -2,336,000 -1,761,000 -26,250,000 14,238,000 24,136,000 8,630,000 7,271,000 11,863,000 7,609,000 6,511,000 8,674,000  
  interest charges72,013,000 63,551,000 58,812,000 59,664,000 55,828,000 53,762,000 53,695,000 49,838,000 45,899,000 40,923,000 37,945,000 34,526,000 29,217,000 26,220,000 23,630,000 23,244,000 24,119,000 25,884,000 25,607,000 27,263,000 31,088,000 30,434,000 29,231,000 30,359,000 29,791,000 31,634,000 30,376,000 30,492,000 33,321,000 33,055,000 31,488,000 32,106,000 32,332,000 31,700,000 31,454,000 32,467,000 33,221,000 31,491,000 28,146,000 27,528,000 28,913,000 30,273,000 30,006,000 30,115,000 29,972,000 29,535,000 29,169,000 30,365,000 30,616,000 31,297,000 30,565,000 30,515,000 30,198,000 29,566,000 32,598,000 31,124,000 30,512,000 30,615,000 30,885,000 31,317,000 31,761,000 31,410,000            26,308,000 40,171,000 36,498,000 28,563,000  
  earnings before income taxes27,339,000 13,815,000 21,690,000 159,820,000 60,935,000 37,795,000 -74,826,000 37,649,000 57,652,000 70,053,000 29,250,000 140,187,000 20,217,000 21,656,000 21,248,000 134,350,000 66,060,000 22,771,000 17,611,000 137,784,000 65,836,000 -13,279,000 43,128,000 115,951,000 -115,114,000 22,885,000 -62,602,000 104,472,000 47,605,000 19,582,000 4,601,000 121,070,000 62,867,000 37,221,000 41,607,000 85,859,000 46,586,000 21,122,000 -133,831,000 100,607,000 53,008,000 26,369,000 38,481,000 90,541,000 49,074,000 22,551,000 12,310,000 89,110,000 51,717,000 21,931,000 12,875,000 95,514,000 36,645,000 30,003,000 199,737,000 73,869,000 9,404,000 29,458,000 -174,426,000 81,406,000 39,794,000 -10,153,000 -21,112,000 89,584,000 2,285,000 23,994,000 -7,824,000 -156,541,000 -113,056,000 -558,000 10,577,000 5,397,000       
  income taxes1,326,000 1,018,000 1,696,000 23,422,000 8,971,000 -12,571,000 -29,092,000 -5,267,000 8,229,000 9,780,000 9,148,000 13,450,000 1,094,000 2,438,000 6,049,000 16,668,000 8,299,000 1,566,000 5,910,000 12,331,000 4,275,000 -1,880,000 7,138,000 9,188,000 -42,831,000 1,223,000 -11,063,000 12,899,000 5,156,000 783,000 55,186,000 42,743,000 21,636,000 10,775,000 13,184,000 27,303,000 15,634,000 7,157,000 -46,546,000 35,752,000 17,353,000 8,517,000 16,370,000 31,055,000 15,893,000 6,420,000 913,000 30,296,000 20,334,000 7,969,000 301,000 33,538,000 11,546,000 9,526,000 84,329,000 25,964,000 1,735,000 9,506,000 -69,620,000 28,813,000 13,492,000 -4,939,000 -8,996,000 31,361,000 -1,134,000 7,587,000 -3,109,000 -10,425,000 -42,053,000 -1,771,000 2,073,000 -14,975,000 13,969,000 8,914,000 20,847,000 6,190,000 10,247,000  
  net earnings26,013,000 12,797,000 19,994,000 136,398,000 51,964,000 50,366,000 -45,734,000 42,916,000 49,423,000 60,273,000 20,102,000 126,737,000 19,123,000 19,218,000 15,199,000 117,682,000 57,761,000 21,205,000 11,701,000 125,453,000 61,561,000 -11,399,000 35,990,000 106,763,000 -72,283,000 21,662,000 -51,539,000 91,573,000 42,449,000 18,799,000 -50,585,000 78,327,000 41,231,000 26,446,000 28,423,000 58,556,000 30,952,000 13,965,000 -87,285,000 64,855,000 35,655,000 17,852,000 22,111,000 59,486,000 33,181,000 16,131,000 11,397,000 58,814,000 31,383,000 13,962,000 12,574,000 61,976,000 25,099,000 20,477,000 115,408,000 47,905,000 7,669,000 19,952,000 -104,806,000 52,593,000 26,302,000 -5,214,000 -19,017,000 56,861,000 808,000 98,082,000 -5,485,000 -143,486,000 -48,636,000 16,597,000 8,372,000 20,240,000 29,969,000 35,638,000 43,844,000 16,307,000 26,325,000  
  (earnings) attributable to valencia non-controlling interest-4,305,000 -3,742,000 -4,149,000 -5,064,000 -3,783,000 -3,044,000 -4,361,000 -5,058,000 -3,987,000 -5,127,000 -4,225,000 -4,172,000 -3,630,000 -3,095,000 -3,847,000 -4,229,000 -3,920,000 -3,494,000 -2,791,000 -3,553,000 -3,940,000 -3,729,000 -4,053,000 -3,860,000 -3,499,000 -2,830,000 -3,406,000 -3,920,000 -4,109,000 -3,677,000 -3,565,000 -4,456,000 -3,544,000 -3,452,000 -3,482,000 -4,006,000 -3,744,000 -3,287,000 -4,001,000 -3,678,000 -3,850,000 -3,380,000 -2,987,000 -3,701,000 -3,908,000 -3,531,000 -3,617,000 -4,127,000 -3,573,000 -3,204,000 -3,351,000 -3,980,000 -3,455,000 -3,265,000 -3,283,000 -4,111,000 -3,470,000 -3,183,000                     
  preferred stock dividend requirements of subsidiary-132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 -132,000 132,000 132,000 132,000 132,000 132,000 132,000 132,000    132,000  
  net earnings attributable to txnm21,576,000 8,923,000 15,713,000 131,202,000                                                                           
  net earnings attributable to txnm per common share:                                                                              
  basic220 100 170 1,450 530 520 -580 440 530 640 180 1,420 180 190 140 1,320 620 200 110 1,520 720 -190 400 1,290 -950 230 -690 1,100 480 190 -680 920 470 290 320 680 340 130 -1,140 770 400 180 240 700 370 160 100 680 350 130 110 730 270 210 1,280 480 40 180 -1,180 530 250 -90 -250 590 -20 1,040             
  diluted220 100 170 1,450 530 520 -580 440 530 640 190 1,420 180 190 130 1,320 620 200 100 1,520 720 -190 400 1,280 -950 230 -690 1,090 480 190 -670 920 470 290 310 680 340 130 -1,140 760 400 180 240 690 360 160 100 680 340 130 110 720 270 210 1,260 480 40 180 -1,180 530 250 -90 -250 590 -20 1,040             
  dividends declared per common share407.5 407.5 290.625 387.5 387.5 387.5 275.625 367.5 367.5 367.5 260.625 347.5 347.5 347.5 245.625 327.5 327.5 327.5 230.625 307.5 308 307.5 217.5 290 290 290 198.75 265 265 265 181.875 242.5 242.5 242.5 165 220 220 220 150 200 200 200 138.75 185 185 185 123.75 165 165 165 145 145 145 145 125 125 125 125 125 125 125 125 125 125 125 125 125 125 230 230 230 230 230 220 220 220 220  
  net earnings attributable to pnmr    48,049,000 47,190,000 -50,227,000 37,726,000 45,304,000 55,014,000 15,745,000 122,433,000 15,361,000 15,991,000 11,220,000 113,321,000 53,709,000 17,579,000 8,778,000 121,768,000 57,489,000 -15,260,000 31,805,000 102,771,000 -75,914,000 18,700,000 -55,077,000 87,521,000 38,208,000 14,990,000 -54,282,000 73,739,000 37,555,000 22,862,000 24,809,000 54,418,000 27,076,000 10,546,000 -91,418,000 61,045,000 31,673,000 14,340,000 18,992,000 55,653,000 29,141,000 12,468,000 7,648,000 54,555,000 27,678,000 10,626,000 9,091,000 57,864,000 21,512,000 17,080,000 111,993,000 43,662,000 4,067,000 16,637,000 -108,196,000 48,552,000 22,878,000 -8,449,000 -23,149,000 54,193,000 -2,099,000 95,371,000             
  net earnings attributable to pnmr per common share:                                                                              
  basic220 100 170 1,450 530 520 -580 440 530 640 180 1,420 180 190 140 1,320 620 200 110 1,520 720 -190 400 1,290 -950 230 -690 1,100 480 190 -680 920 470 290 320 680 340 130 -1,140 770 400 180 240 700 370 160 100 680 350 130 110 730 270 210 1,280 480 40 180 -1,180 530 250 -90 -250 590 -20 1,040             
  diluted220 100 170 1,450 530 520 -580 440 530 640 190 1,420 180 190 130 1,320 620 200 100 1,520 720 -190 400 1,280 -950 230 -690 1,090 480 190 -670 920 470 290 310 680 340 130 -1,140 760 400 180 240 690 360 160 100 680 340 130 110 720 270 210 1,260 480 40 180 -1,180 530 250 -90 -250 590 -20 1,040             
  regulatory disallowances and restructuring costs      65,877,000 2,315,000 3,731,000   -567,000 1,399,000  758,000 436,000       496,000  149,254,000 1,345,000 65,449,000 -1,645,000 1,794,000      -2,214,000 16,451,000  774,000                                         
  electric operating revenues:                                                                              
  contracts with customers          330,194,750 531,966,000 404,320,000 384,493,000 372,046,000 481,881,000 368,893,000 346,585,000 348,622,000 455,120,000 343,075,000 322,983,000 327,921,000 418,673,000 314,917,000 315,698,000 317,707,000 400,023,000 338,659,000 303,351,000                                                 
  alternative revenue programs          -3,642,250 -11,643,000 2,579,000 -5,505,000 -608,000 -9,483,000 7,236,000 -909,000 -4,510,000 -12,376,000 4,466,000 426,000 -242,000 -6,779,000 5,844,000 636,000 3,222,000 -8,050,000 5,660,000 924,000                                                 
  other electric operating revenue          91,881,500 209,565,000 92,831,000 65,130,000 62,637,000 82,153,000 50,411,000 19,031,000 15,164,000 29,721,000 10,108,000 10,213,000 16,466,000 21,692,000 9,467,000 33,311,000 22,827,000 30,693,000 7,994,000 13,603,000                                                 
  total electric operating revenues          418,434,000 729,888,000 499,730,000 444,118,000 434,075,000 554,551,000 426,540,000 364,707,000 359,276,000 472,465,000 357,649,000 333,622,000 344,145,000 433,586,000 330,228,000 349,645,000 343,756,000 422,666,000 352,313,000 317,878,000                                                 
  gains on available-for-sale securities                              9,431,000 5,406,000 5,663,000 6,661,000 4,137,000 4,531,000 4,631,000 6,218,000 3,944,000 2,536,000 5,556,000 4,024,000 2,293,000 962,000 4,699,000 2,573,000                                 
  gains on investments held by ndt                                              1,748,750 2,190,000 3,272,000 1,533,000 3,639,000 5,716,000 -795,000 4,454,000 1,297,000 -4,109,000 5,894,000 5,902,000 2,262,000 2,206,000 -1,342,000 1,743,000 2,479,000 3,936,000 2,469,000 -4,382,000 -5,697,000 -677,000 -3,705,000 4,701,000 3,897,000 2,957,000       
  net other income                                              2,181,750 1,736,000 4,466,000 2,524,000 6,703,000 7,879,000 1,737,000 5,840,000 168,400,000 -3,291,000 7,056,000 7,853,000 -193,430,000 7,315,000 -2,119,000 10,714,000 -25,833,000 18,583,000 9,224,000 23,040,000             
  other deductions                                                 -3,350,000 -6,967,000 -3,451,000 -2,716,000 -4,551,000 -13,077,000 -4,685,000 -3,881,000 -3,072,000 -3,799,000 -3,848,000 -3,173,000 -1,841,000 -2,404,000 -2,325,000 -2,272,000 -2,360,000 -1,785,000 -3,199,000 -3,882,000 -2,980,000 -2,056,000 -5,530,000 -987,000 -1,329,000 -1,519,000 -2,497,000 -1,516,000  
  equity in net earnings of optim energy                                                          -9,509,000 2,495,000 -3,858,000 -4,352,000 -31,089,000 6,902,000 -7,353,000 1,395,000             
  earnings from continuing operations                                                          -104,806,000 52,593,000 26,302,000 -5,214,000 -12,116,000 58,223,000 3,419,000 16,407,000 -4,847,000 -146,248,000 -71,135,000          
  earnings from discontinued operations, net of income taxes (benefit) of 0, (785), 0 and 37,381                                                                              
  earnings attributable to valencia non-controlling interest                                                          -2,576,250 -3,909,000 -3,292,000 -3,103,000 -4,000,000 -2,536,000 -2,775,000 -2,579,000             
  earnings from continuing operations attributable to pnmr per common share:                                                                              
  basic                                                          -1,180 530 250 -90 -180 610 10 150 -60 -1,790 -930          
  diluted                                                          -1,180 530 250 -90 -180 600 10 150 -60 -1,790 -930          
  earnings from discontinued operations, net of income taxes (benefit) of 0, (1,861), 0 and 38,166                                                                              
  operating revenues:                                                                              
  electric                                                             383,396,000 382,982,000 477,665,000 401,035,000 385,803,000 607,023,000 580,243,000 364,403,000 401,075,000 569,566,000 505,376,000 436,807,000 455,287,000 580,967,000 477,603,000 448,216,000  
  total operating revenues                                                             383,457,000 383,043,000 477,727,000 401,110,000 385,865,000 607,076,000 580,310,000 364,503,000 50,410,000 629,437,000 580,681,000 653,501,000 619,034,000 650,165,000 546,669,000 655,801,000  
  earnings from discontinued operations, net of income                                                                              
  taxes of 0 and 40,027                                                                              
  impairment of goodwill and other intangible assets                                                                  7,906,000 136,179,000           
  interest charges:                                                                              
  interest on long-term debt                                                              20,872,000 29,198,000 30,089,000 24,200,000 29,518,000 24,197,000 18,908,000 13,728,000 25,167,000 18,734,000 24,009,000      
  other interest charges                                                              1,953,250 1,337,000 1,728,000 4,749,000 9,634,000 7,823,000 8,927,000 3,433,000 10,088,000 11,158,000 13,838,000      
  total interest charges                                                              22,825,250 30,535,000 31,817,000 28,949,000 39,152,000 32,020,000 27,835,000 17,161,000 35,255,000 29,892,000 37,847,000      
  taxes (benefit) of (785), 820, 41,196 and 16,299                                                              19,425,500 -1,362,000               
  taxes (benefit) of (1,861), 1,824, 41,981 and 15,479                                                                -2,611,000              
  taxes of 43,842 and 13,655                                                                 81,675,000             
  equity in net earnings of energyco                                                                  -1,485,000 -2,523,000 -25,083,000 -4,585,000 10,556,000 2,272,000       
  minority interest in earnings of valencia                                                                  -3,451,000            
  taxes (benefit) of 820, (2,139), 16,299 and 6,337                                                                  -638,000            
  earnings from continuing operations per common share:                                                                              
  basic                                                          -1,180 530 250 -90 -180 610 10 150 -60 -1,790 -930          
  diluted                                                          -1,180 530 250 -90 -180 600 10 150 -60 -1,790 -930          
  net earnings per common share:                                                                              
  basic                                                                  -60 -1,760 -630 220 110 260 390 500 630 240 380  
  diluted                                                                  -60 -1,760 -630 210 110 260 380 490 620 230 380  
  taxes (benefit) of 1,824, (1,040), 15,479 and 8,477                                                                   2,762,000           
  cost of energy sold                                                                    234,380,000 -22,509,000 408,981,000 356,533,000 378,520,000 346,630,000 366,688,000 306,500,000 425,972,000  
  taxes of 13,655 and 9,517                                                                    22,499,000          
  gas                                                                     87,790,500 59,537,000 75,136,000 216,484,000 163,064,000 69,001,000 68,869,000 207,476,000  
  carrying charges on regulatory assets                                                                         978,000 2,038,000 2,004,000 1,973,000  
  net earnings per common share                                                                              
  basic                                                                  -60 -1,760 -630 220 110 260 390 500 630 240 380  
  diluted                                                                  -60 -1,760 -630 210 110 260 380 490 620 230 380  
  equity in net income of energyco                                                                        -662,000      
  other income taxes                                                                        -3,950,000 -4,858,000 -3,979,000 -3,834,000 -5,101,000  
  earnings before interest charges                                                                        67,948,000      
  interest charges :                                                                              
  taxes, other than income taxes                                                                         18,295,000 18,382,000 18,261,000 16,964,000  
  preferred stock dividend requirements                                                                              
  of subsidiary                                                                         99,000 132,000    
  preferred stock dividend requirements of                                                                              
  subsidiary                                                                           132,000   
  the accompanying notes, as they relate to pnmr, are an integral part of these financial statements.                                                                              
                                                                                

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