Company research
TXNM ENERGY INC
CIK 1108426Updated Sep 24, 2026
SecurityTXNM · NYSE · equity
Name history
PNM RESOURCES INC · through Aug 2, 2024PNM RESOURCES · through Apr 11, 2003MANZANO CORP · through Apr 2, 2001
TXNM price & chart
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NYSE:TXNM on TradingView ↗About the company
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www. TXNMEnergy.com.
In the news
TXNM Energy Announces Pricing of Public Offering of Common Stock ↗
Parties in Texas Reach Unanimous Settlement for Approval of Blackstone Infrastructure Acquisition of TXNM Energy News provided by TXNM Energy, Inc. Dec 15, 2025, 16:42 ET Share this article Share to X Share this article Share to X ALBUQUERQUE, N.M. , Dec. 15, 2025 /PRNewswire/ -- Texas-New Mexico Po ↗
Recent filings
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
424B2 filing
424B5 filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
4 filing
Show 5 more recent filings
SCHEDULE 13G filing
SCHEDULE 13G/A filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure
Items 1.01, 2.03, 7.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 12,059,285,000Source | 11,211,733,000Source | 10,252,605,000Source | 9,257,377,000Source |
| GoodwillUSD | 278,297,000Source | 278,297,000Source | 278,297,000Source | 278,297,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 18,256,000Source | 4,498,000Source | 2,215,000Source | 4,078,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 151,804,000Source | 130,351,000Source | 126,291,000Source | 183,669,000Source |
| Inventory, NetUSD | 181,316,000Source | 166,861,000Source | 98,034,000Source | 66,733,000Source |
| Assets, CurrentUSD | 564,662,000Source | 498,836,000Source | 475,543,000Source | 410,978,000Source |
| Operating Lease, Right-of-Use AssetUSD | 108,517,000Source | 272,894,000Source | 182,201,000Source | 55,982,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 8,599,750,000Source | 8,616,919,000Source | 7,842,025,000Source | 7,000,922,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,563,930,000Source | 1,724,444,000Source | 1,624,823,000Source | 1,429,102,000Source |
| Retained Earnings (Accumulated Deficit)USD | 866,904,000Source | 887,649,000Source | 787,110,000Source | 828,878,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -26,816,000Source | -75,708,000Source | -62,840,000Source | -66,048,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,404,018,000Source | 2,536,385,000Source | 2,349,093,000Source | 2,191,932,000Source |
| Liabilities and EquityUSD | 12,059,285,000Source | 11,211,733,000Source | 10,252,605,000Source | 9,257,377,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,017,537,000Source | 1,775,098,000Source | 1,230,760,000Source | 890,370,000Source |
| Operating Lease, Liability, CurrentUSD | 8,969,000Source | 14,293,000Source | 12,267,000Source | 18,781,000Source |
| Accounts Payable, CurrentUSD | 243,062,000Source | 204,468,000Source | 205,175,000Source | 215,708,000Source |
| Operating Lease, Liability, NoncurrentUSD | 96,735,000Source | 255,376,000Source | 167,000,000Source | 41,336,000Source |
| Deferred Income Tax Liabilities, NetUSD | 961,230,000Source | 899,392,000Source | 845,280,000Source | 822,831,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 43,988,000Source | 46,900,000Source | 49,958,000Source | 52,994,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 961,230,000Source | 899,392,000Source | 845,280,000Source | 822,831,000Source |
| Dividends Payable, CurrentUSD | 46,151,000Source | 36,889,000Source | 35,085,000Source | 31,676,000Source |
| Long-term Debt, Current MaturitiesUSD | 302,538,000Source | 611,603,000Source | 280,169,000Source | 184,793,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 5,116,026,000Source | 4,311,765,000Source | 4,241,642,000Source | 3,892,594,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 169,826,000Source | 258,722,000Source | 106,879,000Source | 185,180,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 483,378,000Source | 423,010,000Source | 353,692,000Source | 341,123,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,719,000Source | 9,480,000Source | 7,190,000Source | 7,825,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 14,455,000Source | 33,804,000Source | 31,301,000Source | 8,528,000Source |
| Increase (Decrease) in Accounts PayableUSD | 18,309,000Source | 10,021,000Source | -33,536,000Source | 47,568,000Source |
| Deferred Income Tax Expense (Benefit)USD | 8,475,000Source | 43,050,000Source | -13,509,000Source | 24,533,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 584,489,000Source | 508,160,000Source | 551,171,000Source | 567,284,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,217,146,000Source | -1,174,372,000Source | -1,088,406,000Source | -950,347,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 109,000Source | -14,910,000Source | -44,000Source | -674,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 11,972,000Source | 8,460,000Source | 9,646,000Source | 7,980,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 642,525,000Source | 684,354,000Source | 537,100,000Source | 386,037,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 163,373,000Source | 140,339,000Source | 126,705,000Source | 119,839,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -24,835,000Source | -20,482,000Source | -9,836,000Source | -5,564,000Source |
| Repayments of Long-term DebtUSD | 3,190,507,000Source | 819,529,000Source | 910,000,000Source | 179,500,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 9,868,000Source | 18,142,000Source | -135,000Source | 2,974,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 31,953,000Source | 22,085,000Source | 3,943,000Source | 4,078,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 234,160,000Source | 207,972,000Source | 155,273,000Source | 118,485,000Source |
| Income Taxes Paid, NetUSD | 2,350,000Source | -998,000Source | 1,505,000Source | -1,011,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 8,800,000Source | 9,500,000Source | 7,200,000Source | 7,900,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 12,022,000Source | 11,538,000Source | 10,218,000Source | 10,767,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 34,750,000Source | 26,851,000Source | 19,246,000Source | -78,357,000Source |
| Debt Securities, Realized Gain (Loss)USD | 19,000Source | 8,639,000Source | 4,008,000Source | -33,392,000Source |
| Deferred Other Tax Expense (Benefit)USD | 0Source | 0Source | -216,000Source | -299,000Source |
| Dividends Payable, CurrentUSD | 46,151,000Source | 36,889,000Source | 35,085,000Source | 31,676,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 34,731,000Source | 18,212,000Source | 15,238,000Source | -44,965,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 38,186,000Source | 28,283,000Source | 1,086,000Source | -6,940,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | -3,455,000Source | -10,071,000Source | 14,152,000Source | -38,025,000Source |
| Gain (Loss) on InvestmentsUSD | 34,750,000Source | 26,851,000Source | 19,246,000Source | -78,357,000Source |
| General and Administrative ExpenseUSD | 274,453,000Source | 247,116,000Source | 227,900,000Source | 227,149,000Source |
| GoodwillUSD | 278,297,000Source | 278,297,000Source | 278,297,000Source | 278,297,000Source |
| Income Tax Expense (Benefit)USD | 10,187,000Source | 21,518,000Source | -16,350,000Source | 26,130,000Source |
| InterestExpenseNonoperatingUSD | 271,522,000Source | 228,066,000Source | — | — |
| Investment Income, InterestUSD | 20,065,000Source | 23,537,000Source | 21,963,000Source | 16,095,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 17,936,000Source | 16,040,000Source | 18,533,000Source | 15,122,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 151,362,000Source | 242,154,000Source | 87,818,000Source | 169,530,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 26,418,000Source |
| Other Nonoperating Income (Expense)USD | 10,356,000Source | 54,820,000Source | 49,544,000Source | -54,542,000Source |
| Proceeds from Issuance of Common StockUSD | 842,739,000Source | 98,601,000Source | 198,177,000Source | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | 3,693,600,000Source | 1,233,000,000Source | 1,358,096,000Source | 558,000,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 0Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | — | — | — | 13,799,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,136,924,000Source | 1,959,601,000Source | 1,914,868,000Source | 2,250,217,000Source |
| Operating Income (Loss)USD | 441,179,000Source | 453,486,000Source | 231,340,000Source | 393,760,000Source |
| Other Nonoperating Income (Expense)USD | 10,356,000Source | 54,820,000Source | 49,544,000Source | -54,542,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 180,013,000Source | 280,240,000Source | 90,529,000Source | 211,310,000Source |
| Income Tax Expense (Benefit)USD | 10,187,000Source | 21,518,000Source | -16,350,000Source | 26,130,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 17,936,000Source | 16,040,000Source | 18,533,000Source | 15,122,000Source |
| Earnings Per Share, BasicUSD per share | 1.49Source | 2.67Source | 1.02Source | 1.97Source |
| Earnings Per Share, DilutedUSD per share | 1.48Source | 2.67Source | 1.02Source | 1.97Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 101,507,000Source | 90,534,000Source | 86,296,000Source | 86,122,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 102,392,000Source | 90,591,000Source | 86,369,000Source | 86,169,000Source |
| Interest Expense (non-operating)USD | 271,522,000Source | 228,066,000Source | — | — |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.65Source | 1.57Source | 1.49Source | 1.41Source |
| Cost, Depreciation and AmortizationUSD | 425,641,000Source | 384,925,000Source | 319,503,000Source | 304,853,000Source |
| Current Income Tax Expense (Benefit)USD | 1,712,000Source | — | — | — |
| Debt and Equity Securities, Gain (Loss)USD | 34,750,000Source | 26,851,000Source | 19,246,000Source | -78,357,000Source |
| Debt Securities, Realized Gain (Loss)USD | 19,000Source | 8,639,000Source | 4,008,000Source | -33,392,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 38,186,000Source | 28,283,000Source | 1,086,000Source | -6,940,000Source |
| Gain (Loss) on InvestmentsUSD | 34,750,000Source | 26,851,000Source | 19,246,000Source | -78,357,000Source |
| General and Administrative ExpenseUSD | 274,453,000Source | 247,116,000Source | 227,900,000Source | 227,149,000Source |
| Gross ProfitUSD | — | — | 655,831,000Source | 740,455,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 1.49Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 1.48Source | — | — | — |
| Interest ExpenseUSD | — | — | 190,355,000Source | 127,908,000Source |
| Investment Income, InterestUSD | 20,065,000Source | 23,537,000Source | 21,963,000Source | 16,095,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 151,362,000Source | 242,154,000Source | 87,818,000Source | 169,530,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 26,418,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 586,094,000Source | 563,001,000Source |
| Other ExpensesUSD | 73,546,000Source | 24,189,000Source | 15,869,000Source | 13,881,000Source |
| Other IncomeUSD | 29,087,000Source | 28,621,000Source | 24,204,000Source | 21,601,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 528,000Source | 528,000Source | 528,000Source | — |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | — | — | — | 13,799,000Source |
| Revenue Not from Contract with Customer, OtherUSD | 7,157,000Source | 2,783,000Source | 17,723,000Source | 18,823,000Source |
Filing attachments
a09022026txnmex991.htm · 8-K · 2026-09-02
EX-99.1 4 a09022026txnmex991.htm EX-99.1 Document Exhibit 99.1 For Immediate Release August 31, 2026 TXNM Energy Announces Public Offering of Common Stock (ALBUQUERQUE, N.M.) - TXNM Energy, Inc. (“TXNM Energy”) (NYSE: TXNM) announced today the commencement of an underwritten public offering of $400.0 million of shares of its common stock, no par value. All of the shares are being offered by TXNM Energy. The proposed offering is subject to market and other conditions, and there can be no…
Read attachment ↗a09022026txnmex992.htm · 8-K · 2026-09-02
EX-99.2 5 a09022026txnmex992.htm EX-99.2 Document Exhibit 99.2 For Immediate Release August 31, 2026 TXNM Energy Announces Pricing of Public Offering of Common Stock (ALBUQUERQUE, N.M.) - TXNM Energy, Inc. (“TXNM Energy”) (NYSE: TXNM) announced today that it has priced an underwritten public offering of 7,079,646 shares of its common stock, no par value, at a public offering price of $56.50 per share for approximate gross proceeds of approximately $400 million, before deducting the unde…
Read attachment ↗txnm08192026ex41.htm · 8-K · 2026-08-19
EX-4.1 2 txnm08192026ex41.htm EX-4.1 Document Exhibit 4.1 ___________________________________________________________________________ ___________________________________________________________________________ TEXAS-NEW MEXICO POWER COMPANY To U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee _______________________________________ Twenty-Eighth Supplemental Indenture dated as of August 19, 2026 Supplemental to the First Mortgage Indenture dated as of March 23, 2009 (fil…
Read attachment ↗txnm07172026ex991.htm · 8-K · 2026-07-20
EX-99.1 5 txnm07172026ex991.htm EX-99.1 Document Exhibit 99.1 For Immediate Release July 17, 2026 TXNM Energy and Blackstone Infrastructure Extend Merger Agreement (ALBUQUERQUE, N.M.) - TXNM Energy (NYSE: TXNM) and Blackstone Infrastructure have extended the terms of their merger agreement under which Blackstone Infrastructure will acquire the outstanding common stock of TXNM Energy. The termination date under the agreement has been extended to May 31, 2027, to allow for further time t…
Read attachment ↗txnm06012026ex991.htm · 8-K · 2026-06-02
EX-99.1 2 txnm06012026ex991.htm EX-99.1 Document Exhibit 99.1 For Immediate Release May 29, 2026 TNMP Files Comprehensive Rate Settlement (ALBUQUERQUE, N.M.) - TNMP, the wholly-owned subsidiary of TXNM Energy (NYSE: TXNM) in Texas, filed a comprehensive settlement in its base rate review pending before the Public Utility Commission of Texas (PUCT). The settlement supports TNMP’s continued ability to power growth in Texas with a reliable, resilient grid. Under the terms of the settlemen…
Read attachment ↗txnm06012026ex992.htm · 8-K · 2026-06-02
EX-99.2 3 txnm06012026ex992.htm EX-99.2 Document Exhibit 99.2 For Immediate Release June 1, 2026 Powering homes and businesses with reliable, affordable and clean energy: PNM puts forth balanced plan to advance carbon-free future (ALBUQUERQUE, N.M.) - PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), put forth a plan for future energy resources needed to continue powering homes and businesses with reliable, affordable and clean energy. As part of this plan, PNM has submitted a…
Read attachment ↗