Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Information regarding the computation of earnings per share is as follows:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020		2019		2020		2019
	(In thousands, except per share amounts)
Net Earnings (Loss) Attributable to PNMR	$	57,489	$	(75,914)	$	42,229	$	(57,214)
Average Number of Common Shares:
Outstanding during period	79,654		79,654		79,654		79,654
Vested awards of restricted stock	186		263		202		251
Average Shares – Basic	79,840		79,917		79,856		79,905
Dilutive Effect of Common Stock Equivalents:
PNMR 2020 Forward Equity Sale Agreements	—		—		86		—
Restricted stock	36		—		37		—
Average Shares – Diluted⁽¹⁾	79,876		79,917		79,979		79,905

Net Earnings (Loss) Per Share of Common Stock:
Basic	$	0.72	$	(0.95)	$	0.53	$	(0.72)
Diluted	$	0.72	$	(0.95)	$	0.53	$	(0.72)

⁽¹⁾ No potentially dilutive restricted stock have been included in the computation of Average Shares – Diluted for the three and six months ended June 30, 2019 since the effect would be anti-dilutive.