TXNM Energy, Inc.

56.80+0.03 (+0.05%)

Oct 28, 4:00:02 PM EDT · NYSE · TXNM · USD

Upcoming Earnings

Report date

≈ Oct 31, 2025 (in 2 days)

Key Stats

Market Cap

5.99B

P/E (TTM)

29.28

Basic EPS (TTM)

1.94

Dividend Yield

0.03%

Recent Filings

8-K

Term loan fully terminated

9/2/25Sep 2, 2025

TXNM Energy repaid and terminated its $500M 2023 term loan on August 29, 2025, in line with the agreement's terms. This clears a key debt obligation, freeing up liquidity while ending the arrangement with Wells Fargo as agent. Debt overhang lifted.

8-K

Shareholders greenlight Blackstone buyout

8/28/25Aug 28, 2025

TXNM Energy shareholders overwhelmingly approved the merger with Blackstone Infrastructure affiliates on August 28, 2025, with 99.6% of voted shares in favor, representing 88.2% of outstanding stock. Under the May 18, 2025 agreement, shareholders will receive $61.25 per share in cash upon closing, expected in the second half of 2026 pending regulatory nods from bodies like the New Mexico Public Regulation Commission and FERC. No dissenter's rights were sought. Regulatory hurdles could delay or derail the deal.

8-K

TXNM launches $200M ATM program

8/15/25Aug 15, 2025

TXNM Energy entered a Distribution Agreement on August 15, 2025, enabling sales of up to $200 million in common stock via at-the-market offerings on the NYSE through agents like BofA Securities. Forward agreements allow flexible hedging without immediate proceeds, while actual sales hinge on market conditions and capital needs. Yet sales remain optional. No proceeds guaranteed.

10-Q

Q2 2025 results TXNM Energy, Inc. (TXNM) reports Q2 2025 net earnings attributable to TXNM of $21.6 million ($0.22 per diluted share), down from $48.0 million ($0.53 per diluted share) in Q2 2024. For the six months ended June 30, 2025, net earnings were $30.5 million ($0.32 per diluted share), compared to $95.2 million ($1.05 per diluted share) in 2024. The declines were primarily due to higher operating expenses, increased depreciation, and higher interest charges, partially offset by higher transmission and distribution rates at TNMP, higher demand-based load at TNMP, and increased performance by PNM's investment securities. The company highlights the pending merger with Blackstone Infrastructure, expected to close in the second half of 2026, and recent rate approvals. TXNM's liquidity remains strong with $565.3 million available under revolving credit facilities as of July 25, 2025. Capital expenditures for 2025-2029 are projected at $7.8 billion, focusing on transmission, distribution, and clean energy initiatives.

8/1/25Aug 1, 2025

TXNM Energy, Inc. (TXNM) reports Q2 2025 net earnings attributable to TXNM of $21.6 million ($0.22 per diluted share), down from $48.0 million ($0.53 per diluted share) in Q2 2024. For the six months ended June 30, 2025, net earnings were $30.5 million ($0.32 per diluted share), compared to $95.2 million ($1.05 per diluted share) in 2024. The declines were primarily due to higher operating expenses, increased depreciation, and higher interest charges, partially offset by higher transmission and distribution rates at TNMP, higher demand-based load at TNMP, and increased performance by PNM's investment securities. The company highlights the pending merger with Blackstone Infrastructure, expected to close in the second half of 2026, and recent rate approvals. TXNM's liquidity remains strong with $565.3 million available under revolving credit facilities as of July 25, 2025. Capital expenditures for 2025-2029 are projected at $7.8 billion, focusing on transmission, distribution, and clean energy initiatives.

8-K

Q2 Earnings and Acquisition Update

8/1/25Aug 1, 2025

TXNM Energy reported Q2 2025 GAAP earnings of $0.22 per diluted share, down from $0.53 in Q2 2024, while ongoing earnings hit $0.25 per share amid $600 million equity issuance and debt refinancing tied to its pending Blackstone Infrastructure deal. The $11.5 billion acquisition, announced May 19, 2025, offers $61.25 per share in cash and eyes a H2 2026 close, subject to approvals. Regulatory wins boosted rate recovery at TNMP and PNM, yet merger costs weighed on results. Shareholders must approve amid regulatory hurdles.

About

TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers in New Mexico; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

CEO

Ms. Patricia K. Vincent-Collawn

IPO

2/21/1973

Website

https://www.txnmenergy.com

Employees

1,695

Sector

Utilities

Industry

Utilities - Regulated Electric