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TXNM Energy/$TXNM

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About TXNM Energy

TXNM Energy Inc is a holding company that owns regulated utility companies providing energy to houses and businesses across Texas and New Mexico using its utilities.
Ticker
$TXNM
Sector
Utilities
Primary listing
NYSE
Employees
1,755

TXNM Energy Metrics

BasicAdvanced
$6.5B
33.17
$1.77
0.17
$1.68
2.88%

What the Analysts think about TXNM Energy

Analyst ratings (Buy, Hold, Sell) for TXNM Energy stock.
Analyst projections of the future price of TXNM Energy stock.

Bulls say / Bears say

Ongoing diluted EPS rose to $0.58 in the second quarter from $0.25 a year earlier, as higher retail demand and rate recovery lifted results at both utilities. New summer system peaks point to continued need for grid investment. (TXNM Energy)
Texas regulators approved TNMP’s settlement covering $2.8 billion of rate base and a 9.65% allowed return on equity. The agreement supports recovery on a substantial investment base and provides more certainty for this part of TXNM’s earnings. (TXNM Energy)
Blackstone’s $61.25-per-share cash offer remains a potential takeout route, with several major approvals already secured. The revised proposal includes $300 million in customer and community benefits, which could help address New Mexico regulators’ concerns. (TXNM Energy, TXNM Energy)
New Mexico remains the main obstacle to the Blackstone deal: regulators ruled the $400 million share sale void, and the companies are still seeking permission to submit a revised merger application. The delay leaves the takeover outcome uncertain. (New Mexico Public Regulation Commission, TXNM Energy)
To unwind the voided share sale, TXNM borrowed $400 million and says it plans to issue common stock to repay the loan. That adds financing costs and creates a risk of shareholder dilution while the merger remains pending. (TXNM Energy)
Capital spending is running well ahead of internally generated cash: first-half operating cash flow was $223 million against $578 million of plant additions. TXNM also reported higher depreciation, property taxes and interest costs from new investment, which can absorb some of the benefit from rising demand and rates. (TXNM Energy, TXNM Energy)
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 2026.

TXNM Energy Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

TXNM Energy Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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