TXNMTXNM Energy, Inc.
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Quality strong, hard red flags, demanding price, growth fading, the market undecided.
TXNM Energy, Inc. (“TXNM”), is a holding company with two regulated electric utilities, PNM and TNMP, serving approximately 842,000 residential, commercial, and industrial customers in New Mexico and Texas. TXNM was incorporated in the State of New Mexico in 2000.
In the company’s own words · 10-K filed Feb 27, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
TXNM Energy, Inc. (TXNM) reported revenue of $505M in Q1 2026 (quarter ended Mar 31, 2026), up 4.6% from the same quarter a year earlier. That came with net income of $8.0M (1.6% of revenue). For the full year FY2025, revenue was $2.17B (+9.9% year on year) and net income $170M. Its largest product in Jun 2026 was Electricity at $361M, 87% of the disclosed total, well ahead of Electric Transmission Service at 9.8%. The next results filing is expected around Oct 30, 2026, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Sep 30, 2026TXNM Energy, Inc. (the “Company”) today notified holders of its 5.75% Junior Subordinated Convertible Notes due 2054 (the “Convertible Notes”) that the Convertible Notes are convertible, at the option of the holders (the “Conversion Option”), over a period beginning on October 1, 2026, and ending at the close of …Other event · Form 8-K
- Sep 2, 2026On August 31, 2026, TXNM entered into an Underwriting Agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC (the “Underwriter”), pursuant to which the Company agreed to issue and sell to the Underwriter 7,079,646 shares of its common stock, no par value, in connection with an underwritten public …Regulation FD disclosure · Form 8-K
- Aug 19, 2026Public Service Company of New Mexico (“PNM”) 2026 Note Purchase Agreement On August 19, 2026, PNM, a wholly-owned subsidiary of TXNM Energy, Inc. (“TXNM”), entered into a Note Purchase Agreement (the “PNM Note Purchase Agreement”) with the institutional investor parties thereto for the sale of $200.0 million aggregate …Material agreement entered · Form 8-K
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Jun 2026 · $415.0MThe company’s own SEC segment disclosure.
- Electricity$361.1M87%
- Electric Transmission Service$40.7M10%
- Wholesale Energy Sales$11.2M3%
- Miscellaneous Revenue From Contracts With Customers$2.0M0%
Why these answers
Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.