Public Service Co Of New Mexico (PNMXO) Operating Expenses (2023 - 2025)

Public Service Co Of New Mexico (PNMXO) has 3 years of Operating Expenses data on file, last reported at $439.5 million in Q4 2025.

• Quarterly Operating Expenses rose 9.65% year-over-year to $439.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.7 billion (up 13.62% YoY) and the FY2025 annual result came in at $1.7 billion, up 13.62% from the prior year.
• Operating Expenses slipped to $439.5 million in Q4 2025 per PNMXO's latest filing, from $444.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $458.8 million in Q4 2023 and bottomed at $356.3 million in Q1 2024.
• The 3-year median for Operating Expenses is $415.1 million (2023), against an average of $412.0 million.
• The widest annual swing landed in 2024, when Operating Expenses retreated 12.64%; it then increased 17.48% in 2025.
• Tracing PNMXO's Operating Expenses over 3 years: stood at $458.8 million in 2023, then decreased by 12.64% to $400.8 million in 2024, then increased by 9.65% to $439.5 million in 2025.
• Per Business Quant, the three latest PNMXO Operating Expenses figures stand at $439.5 million (Q4 2025), $444.3 million (Q3 2025), and $429.7 million (Q2 2025).

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