TXNM Energy Inc
TXNM
ISIN null / Valor 1350386
TXNM Energy Inc
UMushroom community rating:
About company
PNM Resources Inc is an energy holding company that, through its regulated utilities PNM and TNMP, provides electricity services to over 800,000 residential and commercial customers across New Mexico and Texas. The company operates within the energy sector, focusing on the delivery of electric power. While PNM Resources emphasizes its commitment to environmental, social, and governance principles, its core business revolves around the generation, transmission, and distribution of electricity. This involvement underscores its role in the energy infrastructure of the two states it serves, highlighting its significance in the regional energy market. The company's operations are crucial for meeting the energy needs of a substantial customer base, making it a key player in the utility industry within its service territories.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (21.11.2025):
TXNM Energy Inc — 2025 third quarter (Q3 2025) results: GAAP diluted EPS of $1.22 and ongoing diluted EPS of $1.33. Shareholders approved a proposed $61.25-per-share acquisition by Blackstone Infrastructure affiliates; the company is not affirming prior 2025 earnings guidance and will not issue revised guidance while the transaction is pending.
Earnings (GAAP & ongoing)
Q3 2025 GAAP net earnings were $130.7 million (GAAP diluted EPS $1.22) versus $131.2 million (EPS $1.45) in Q3 2024. Q3 2025 ongoing net earnings were $142.8 million (ongoing diluted EPS $1.33) versus $129.3 million (EPS $1.43) in Q3 2024. YTD 2025 GAAP diluted EPS was $1.63 (YTD 2024: $2.50); YTD 2025 ongoing diluted EPS was $1.87 (YTD 2024: $2.44).
Segment results
By segment (Q3 2025): PNM contributed GAAP EPS $0.95 (ongoing $0.98), TNMP GAAP EPS $0.38 (ongoing $0.46), and Corporate & Other was ($0.11) for both GAAP and ongoing. Rate relief and higher retail load supported results, offset by weather-related declines, higher O&M, depreciation, property taxes and interest tied to new investments.
Transaction update
On May 19, 2025 TXNM Energy announced a Blackstone Infrastructure affiliate acquisition at $61.25/share; shareholders approved the deal on August 28, 2025. The closing remains subject to multiple regulatory approvals (NMPRC, PUCT, FERC, DOJ HSR, NRC, FCC). TXNM Energy anticipates closing in the second half of 2026, subject to customary conditions and approvals.
Regulatory and rate actions
TNMP’s second TCOS filing was approved and implemented in Q3, recovering $87 million of rate base; TNMP filed a DCRF on July 31 seeking recovery for an additional $28 million. PNM filed for a CCN on August 6 to build 30 MW of energy storage (~$78 million) at existing solar sites to support summer peak operations.
Notable items affecting Q3 results
Q3 2025 GAAP included $2.1 million of net unrealized losses on investment securities and $14.0 million of acquisition-related costs. EPS were diluted by shares issued under 2024 forward sales ($150 million) and additional share issuances in June and August 2025 that raised $800 million. Q3 2024 included $6.1 million of regulatory disallowances.
Guidance and risks
TXNM Energy is not affirming previously issued 2025 guidance and will not provide updated guidance while the transaction is pending. Completion timing and benefits of the proposed transaction remain subject to regulatory approvals and other customary closing conditions. Summarized from source with an LLMView Source
Key figures
Performance
Volatility
6326 M
Market cap (USD)
1,150,073
Daily traded volume (Shares)
49.14 / 48
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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