TXNM Energy Stock Price, News & Analysis

TXNM Energy (NYSE: TXNM) subsidiary Public Service Company of New Mexico has announced its regular quarterly dividend declaration. The company will distribute $1.145 per share on its 4.58 percent series of cumulative preferred stock. Shareholders of record as of March 31, 2025, will receive the dividend payment on April 15, 2025.

TXNM Energy operates as 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) has announced upcoming meetings with analysts and investors where management will affirm the company's 2025 consolidated earnings guidance of $2.74 to $2.84 per diluted share.

The energy holding company, based in Albuquerque, New Mexico, serves over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. Presentation materials for the meetings are available on the company's website.

TXNM Energy (NYSE: TXNM) has 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 payable on May 16, 2025, to shareholders of record as of the close of business on April 25, 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 reported strong 2024 financial results with GAAP earnings of $2.67 per diluted share and ongoing earnings of $2.74 per diluted share, meeting guidance expectations. The company introduced 2025 ongoing earnings guidance of $2.74-$2.84 per diluted share and increased its long-term earnings growth target to 7-9%.

The company announced a significant expansion of its 5-year capital investment plan (2025-2029) to $7.8 billion, representing a 26% increase over the previous plan. This includes additional Texas transmission projects from the ERCOT Permian Basin Reliability Study. The regulated rate base is projected to grow 12% compared to 2025 levels.

Performance across segments showed mixed results, with PNM benefiting from higher realized gains and increased customer usage, while TNMP saw improved rate recovery through various mechanisms. However, both segments faced challenges from milder summer temperatures and increased expenses related to new capital investments.

TXNM Energy (NYSE: TXNM) has scheduled its 2024 financial results announcement and 2025 earnings guidance release for February 21, 2025, before market opening. The company will host a conference call at 11 a.m. Eastern Time to discuss the results and company updates.

The energy holding company, which serves over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities TNMP and PNM, will make presentation materials available on their website. Investors can pre-register for the conference call or dial in directly, and a live webcast will be accessible through the company's investor relations webpage.

TXNM Energy (NYSE: TXNM) has announced that its management will be meeting with analysts and investors this week. During these meetings, the company plans to reaffirm its 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share.

The company, based in Albuquerque, New Mexico, operates as an energy holding company serving more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. Presentation materials for the meetings have been made available on the company's website.

PNM, a subsidiary of TXNM Energy (NYSE: TXNM), has issued an RFP for at least 900 megawatts of new energy resources to be operational between 2029 and 2032, with 500 megawatts required by 2030. This aligns with their 2023 Integrated Resource Plan, which identifies needs of 900-2,900 megawatts by 2032.

The company has expanded its capacity from 2,816 megawatts in 2020 to 4,268 megawatts in 2024, achieving 72% carbon-free portfolio. PNM received NMPRC approval for 410 megawatts of new solar and battery storage for 2026 and has requested approval for 430-450 megawatts more by 2028.

The RFP also aims to replace capacity from the Four Corners Power Plant, which PNM plans to exit in 2031, and current natural gas generation.

TNMP, a subsidiary of TXNM Energy (NYSE: TXNM), has filed an unopposed settlement with the Public Utility Commission of Texas (PUCT) for its System Resiliency Plan. The settlement includes $565.8 million in capital investments planned for 2025-2027, representing 94% of TNMP's proposed plan investments. Additionally, the agreement encompasses $128.2 million in operations and maintenance expenses for programs including vegetation management and wildfire mitigation. These costs can be deferred to the balance sheet and included in future Distribution Cost Recovery Factor filings. The plan was developed using a data-driven approach to address resiliency events that pose material risks to TNMP's distribution system operations.

TXNM Energy (NYSE: TXNM) has announced upcoming meetings with analysts and investors in New York City this week. During these meetings, management plans to reaffirm the company's 2024 consolidated earnings guidance of $2.70 to $2.75 per diluted share.

The energy holding company, based in Albuquerque, New Mexico, serves over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. Presentation materials for the meetings are available on the company's website.