Welcome to our dedicated page for TXNM Energy news (Ticker: TXNM), a resource for investors and traders seeking the latest updates and insights on TXNM Energy stock.
TXNM Energy, Inc. (NYSE: TXNM) is an energy utility holding company based in Albuquerque, New Mexico that delivers electricity to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The TXNM Energy news feed highlights developments affecting its regulated electric operations, financial performance and capital structure.
News about TXNM Energy frequently covers quarterly earnings results, where the company reports GAAP and non-GAAP “ongoing” earnings for its PNM, TNMP and Corporate and Other segments. These releases explain how rate decisions, weather, load, capital investments and merger-related costs influence segment earnings. Investors following TXNM news can review detailed reconciliations between GAAP and ongoing earnings and commentary on regulatory and financing developments.
A major focus of recent TXNM Energy news is the proposed acquisition of the company by affiliates of Blackstone Infrastructure Partners L.P. Press releases describe the agreed cash consideration per share, shareholder approval of the merger agreement, and the status of regulatory applications with the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission and other federal agencies. Additional news items outline customer and community benefits proposed in those regulatory filings, such as rate credits, economic development funding and technology investments.
The company’s news also includes announcements of common and preferred stock dividends, updates on PNM and TNMP regulatory filings, and information on settlements or stipulations in rate and cost recovery proceedings. For TNMP, news has addressed settlements related to the Blackstone Infrastructure acquisition application at the PUCT and commitments regarding governance, financial protections and workforce policies.
By reviewing the TXNM Energy news page, readers can track how regulatory actions, earnings trends, financing transactions and the progress of the planned merger with Blackstone Infrastructure may affect the company’s regulated utilities in Texas and New Mexico. This page provides an organized view of official company communications for those monitoring TXNM’s stock and operations.
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.
TXNM Energy (NYSE: TXNM) has announced its regular quarterly dividend declaration. The Board of Directors approved a dividend of $0.4075 per share on the company's common stock. The dividend will be paid on August 22, 2025, to shareholders of record as of August 8, 2025.
TXNM Energy is an energy holding company headquartered in Albuquerque, New Mexico, serving over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.
TXNM Energy (NYSE: TXNM) announced that the New Mexico Public Regulation Commission (NMPRC) has approved an unopposed stipulation for its subsidiary PNM's 2028 Resource Application. The approval encompasses significant renewable energy expansion plans, including 450 megawatts (MW) of new solar and battery storage capacity to be implemented by 2028.
The approved resources include:
- Extension of Valencia Purchase Power Agreement for 167 MW through 2039
- Addition of 300 MW capacity through two 150 MW battery storage facilities
- A new 150 MW solar and battery storage facility (100 MW solar, 50 MW battery) with a $252 million capital investment from 2026-2028
The initiative aligns with New Mexico's Energy Transition Act's zero-carbon requirements and received support from multiple stakeholders, including the NMPRC Utility Division Staff and various energy advocacy groups.
TXNM Energy (NYSE: TXNM) has appointed Henry Monroy as its new Senior Vice President and Chief Financial Officer, succeeding retiring CFO Lisa Eden after her 21-year tenure. Monroy, 46, brings over 20 years of company experience, having joined in 2003. He most recently served as Vice President of PNM Regulatory and previously held the position of Vice President and Corporate Controller from 2020 to 2023. A Certified Public Accountant in New Mexico, Monroy holds a bachelor's degree in accounting from New Mexico State University.
TXNM Energy, headquartered in Albuquerque, New Mexico, serves over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.
TXNM Energy has announced an agreement to be acquired by Blackstone Infrastructure for $61.25 per share in cash, representing a total enterprise value of $11.5 billion. The deal offers a 23% premium to TXNM's 30-day VWAP as of March 5, 2025. Blackstone will fund the purchase entirely with equity, maintaining TXNM's current leverage levels.
As part of the agreement, Blackstone is investing $400 million through a private placement of 8 million newly issued shares at $50 per share, expected in June 2025. TXNM Energy plans to issue an additional $400 million of equity before closing. The transaction, expected to close in H2 2026, requires various regulatory approvals and shareholder approval.
Post-acquisition, TXNM Energy, PNM, and TNMP will maintain local management and operations, with headquarters remaining in New Mexico and Texas. Current CEO Don Tarry will continue leading operations, while Pat Collawn will step down as Executive Chair upon closing.