TXNM Energy Stock Price, News & Analysis

TXNM Energy (NYSE: TXNM) announced a Board-approved increase to its annual common dividend by $0.06 (3.7%), raising the indicated annual rate to $1.69 per share. The board also declared a quarterly dividend of $0.4225 per share payable February 13, 2026 to shareholders of record at the close of business on January 30, 2026. The increase reflects continued underlying earnings growth and planned capital investment, and the company said the higher rate is contemplated within the proposed acquisition agreement with affiliates of Blackstone Infrastructure. Quarterly dividends will continue during the pendency of the proposed transaction.

TNMP (NYSE: TXNM) filed a base rate review on Nov 17, 2025 requesting recovery of $2.8 billion rate base as of June 30, 2025, a requested ROE of 10.4% and a 47.54% equity ratio. Current authorized metrics are $835 million rate base, 9.65% ROE and 45% equity. The filing seeks to recover higher O&M, updated depreciation and deferred tax amortizations while excluding interest increases tied to a proposed parent acquisition refinancing. Schedule 1 shows a $141.8 total revenue requirement increase and a $33.8 net rate increase. TNMP also requests a separate $20.5 million five-year rider for Hurricane Beryl restoration. New rates would be effective mid-2026 if approved by the Public Utility Commission of Texas.

Public Service Company of New Mexico (NYSE: TXNM) declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. The dividend is payable January 15, 2026 to shareholders of record at the close of business on December 31, 2025.

The company is a subsidiary of TXNM Energy and serves more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities TNMP and PNM.

TXNM Energy (NYSE: TXNM) reported Q3 2025 GAAP diluted EPS $1.22 and ongoing diluted EPS $1.33. Shareholders approved a proposed acquisition by Blackstone Infrastructure at $61.25 per share; closing is anticipated in H2 2026 subject to multiple state and federal regulatory approvals. Q3 results reflected implementation of the first phase of New Mexico rates and new Texas transmission recovery, equity issuances (including $800M in June/August 2025 and $150M from 2024 forward sales) that reduced EPS, $14.0M of acquisition-related costs, and $2.1M net unrealized losses on investment securities.

Regulatory actions included TNMP TCOS recovery for $87M of rate base, a TNMP DCRF filing for $28M, and a PNM CCN filing for 30 MW energy storage at an estimated $78M.

TXNM Energy (NYSE: TXNM) announced its Board of Directors has declared a regular quarterly dividend of $0.4075 per share on the company's common stock. The dividend will be paid on November 14, 2025, to shareholders of record as of October 24, 2025.

TXNM Energy, headquartered in Albuquerque, New Mexico, operates as an energy holding company serving over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.

TXNM Energy (NYSE: TXNM) shareholders have overwhelmingly approved the proposed acquisition by Blackstone Infrastructure. The deal received 99.6% approval from voting shares, representing 88.2% of total outstanding shares. Under the agreement, shareholders will receive $61.25 in cash per share at closing.

The transaction requires multiple regulatory approvals, including from the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission, Department of Justice, Nuclear Regulatory Commission, and Federal Communications Commission. The acquisition is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.

Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), has declared its regular quarterly dividend on preferred stock. The company will pay $1.145 per share on its 4.58% series of cumulative preferred stock on October 15, 2025, to shareholders of record as of September 30, 2025.

TXNM Energy serves as an energy holding company based in Albuquerque, delivering energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.

TXNM Energy (NYSE: TXNM) has filed regulatory applications with three agencies for its proposed acquisition by Blackstone Infrastructure. The company submitted applications to the New Mexico Public Regulation Commission (NMPRC), Public Utility Commission of Texas (PUCT), and Federal Energy Regulatory Commission (FERC).

The applications include significant customer benefits totaling $225 million, including: $140 million in rate credits, $45 million for economic development, $25 million for innovative technologies, and $15 million for community support. The review process is expected to take up to a year for NMPRC, while PUCT and FERC have 180-day statutory timeframes.

TXNM Energy (NYSE:TXNM) reported Q2 2025 GAAP earnings of $0.22 per diluted share, down from $0.53 in Q2 2024, and ongoing earnings of $0.25 per diluted share, compared to $0.60 in the prior year. The company's performance was impacted by a $600 million equity issuance, including $400 million to Blackstone Infrastructure Partners.

A significant highlight is the pending $11.5 billion acquisition by Blackstone Infrastructure at $61.25 per share, expected to close in H2 2026. The quarter saw regulatory progress, including PNM's $105 million rate increase implementation and TNMP's approved Distribution Cost Recovery Factor for $176 million of rate base.

The company experienced lower weather-related usage and increased costs across segments, while benefiting from higher retail load and rate recovery mechanisms. TXNM has suspended earnings guidance during the pending Blackstone transaction.