TXNM
TXNM Energy, Inc.58.73
-0.15-0.26%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
6.40BP/E (TTM)
32.63Basic EPS (TTM)
1.80Dividend Yield
0.03%Recent Filings
8-K
Exec comp plans approved
TXNM Energy approved 2026 incentive plans for named executives on February 25-26. Annual plan ties cash bonuses to Incentive EPS threshold and goals, up to 230% of base for top execs; LTIP mixes performance shares (70%, Earnings Growth/FFO-Debt) with time-vested RSUs (30%, vesting 2027-29). Ties pay to earnings delivery. Non-GAAP metrics detailed in future proxy.
8-K
ATM program for $125M shares
TXNM Energy entered a Distribution Agreement on March 3, 2026, enabling at-the-market sales of up to $125 million in common stock via BofA Securities, MUFG, and Scotia Capital, plus optional forward transactions with their affiliates. Sales hinge on market conditions and capital needs; agents earn up to 2% commissions. No sales required.
10-K
FY2025 results
TXNM Energy delivered FY2025 net earnings of $151M ($1.48/share), down from $242M ($2.67/share) in FY2024, as Q4 capacity arrangements weighed on PNM while TNMP accelerated with 2.8% y/y volumetric load growth and 5.3% demand-based gains. TNMP utility margin jumped 16% y/y to $515M on rate hikes and HB 5247 revenues, driving 20% segment earnings growth to $124M; PNM's Q4 lagged milder weather and $41M capacity costs (derived), yet weather-normalized loads rose 0.1-14.3% across classes. Debt swelled with Merger prepayments, but $682M liquidity endures. No 2026 guidance disclosed. Regulatory delays could stall quarterly momentum.
8-K
TXNM 2025 earnings; deal progresses
TXNM Energy reported 2025 GAAP diluted EPS of $1.48, down from $2.67, while ongoing EPS held at $2.33 versus $2.74 amid merger costs and a $58.8M pension charge. Blackstone Infrastructure buyout at $61.25/share advances, with FERC and PUCT approvals secured yet NMPRC pending; close eyed for H2 2026. No 2026 guidance during review. Regulatory filings seek rate hikes.
8-K
Convertible notes open for conversion
TXNM Energy notified holders of its 5.75% Junior Subordinated Convertible Notes due 2054 that they can convert from January 1 to March 31, 2026, at 22.5248 shares per $1,000 principal—about $44.40 per share—triggered by strong stock performance. Converters get principal in new non-convertible notes due 2054 plus stock for excess value; no cash for principal. Non-convertible notes risk illiquidity and lower rates versus recent 7% issuance. Pending Blackstone merger could trigger cash conversion.
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