Public Service Co Of New Mexico (PNMXO) Operating Expenses (2023 - 2025)
Public Service Co Of New Mexico (PNMXO) posted quarterly Operating Expenses of $439.5 million for Q4 2025, up 9.65% year-over-year from $400.8 million in Q4 2024, and down 1.08% quarter-over-quarter from $444.3 million in Q3 2025.
Public Service Co Of New Mexico (PNMXO) Operating Expenses (2023 - 2025) Analysis & Trends
Public Service Co Of New Mexico (PNMXO) has reported Operating Expenses for 3 consecutive years, with $439.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses rose 9.65% year-over-year to $439.5 million; the TTM figure through Dec 2025 stood at $1.7 billion (up 13.62% YoY), while the FY2025 annual figure was $1.7 billion, up 13.62% from the prior year.
- Operating Expenses declined 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.
- Historically, Operating Expenses has averaged $412.0 million across 3 years, with a median of $415.1 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses slipped 12.64% — and 2025, when it gained 17.48%.
- Public Service Co Of New Mexico's Operating Expenses stood at $458.8 million in 2023, then declined by 12.64% to $400.8 million in 2024, then advanced by 9.65% to $439.5 million in 2025.
- Business Quant data shows PNMXO's Operating Expenses at $439.5 million in Q4 2025, $444.3 million in Q3 2025, and $429.7 million in Q2 2025.
Powered by 
Peer Comparison
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 439.51 Mn |
| Sep 30, 2025 | 444.29 Mn |
| Jun 30, 2025 | 429.72 Mn |
| Mar 31, 2025 | 410.90 Mn |
| Dec 31, 2024 | 400.83 Mn |
| Sep 30, 2024 | 378.18 Mn |
| Jun 30, 2024 | 382.42 Mn |
| Mar 31, 2024 | 356.29 Mn |
| Dec 31, 2023 | 458.85 Mn |
| Sep 30, 2023 | 419.20 Mn |