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 (TXNM) provides essential electricity services through regulated utilities PNM and TNMP across Texas and New Mexico. This news hub offers investors and stakeholders centralized access to official updates about grid operations, regulatory developments, and strategic initiatives.
Track critical announcements including rate case decisions, infrastructure investment plans, and system resiliency updates. Our curated collection features earnings reports, regulatory filings, and operational milestones that shape this energy holding company's trajectory in the Southwest market.
Discover timely updates on transmission network upgrades, renewable energy integration projects, and PUCT/NMPRC-approved initiatives. Users benefit from comprehensive coverage of capital improvement programs and subsidiary-specific developments affecting over 800,000 customer accounts.
Bookmark this page for direct access to TXNM's latest Grid Modernization Plan progress, storm response updates, and financial performance disclosures. Stay informed about critical energy sector developments through verified corporate communications and regulatory documentation.
PNM, a subsidiary of TXNM Energy (NYSE: TXNM), received a positive recommendation from New Mexico Public Regulation Commission (NMPRC) Hearing Examiners to approve an unopposed stipulation for its 2025 Rate Request. The stipulation includes a $105.0 million increase to PNM's revenue requirements, based on a 9.45% return on equity and 51% equity capitalization structure on $3.0 billion of rate base.
The rate increase will be implemented in two phases: 50% effective July 1, 2025, and the remaining portion on April 1, 2026. The agreement received broad support from multiple stakeholders, including the NMPRC Utility Division Staff, New Mexico Department of Justice, and various local authorities and organizations. This represents an improvement from PNM's current authorized rates, which are based on a 9.26% return on equity and 50% equity capitalization structure.
TXNM Energy (NYSE: TXNM) subsidiary TNMP has received approval from the Public Utility Commission of Texas (PUCT) for its Transmission Cost of Service (TCOS) application on March 25, 2025. The approval grants an annual rate increase of $11.5 million to recover $83.5 million of incremental transmission rate base.
TNMP, which operates as a regulated utility in Texas, is part of TXNM Energy's portfolio that serves over 800,000 homes and businesses across Texas and New Mexico. The new rates became effective immediately upon approval.
TNMP, a subsidiary of TXNM Energy (NYSE: TXNM), received approval from the Public Utility Commission of Texas for its 2025-2027 System Resiliency Plan. The plan involves a $545.8 million investment over three years to enhance the safety and reliability of TNMP's distribution system.
The comprehensive plan includes eight key Resiliency Measures:
- Distribution System Resiliency
- Distribution System Protection Modernization
- Vegetation Management
- Wildfire Mitigation
- Flood Mitigation
- Enhanced Operations System Technology
- Cybersecurity
- Physical Security Resiliency
The investments and program costs will be incorporated into future Distribution Cost Recovery Factor filings. TXNM Energy serves over 800,000 customers across Texas and New Mexico through its regulated utilities, TNMP and PNM.
TXNM Energy (NYSE: TXNM) subsidiary PNM has filed an unopposed comprehensive stipulation with the New Mexico Public Regulation Commission for its 2028 Resource Application. The proposal includes adding 450 megawatts of new solar and battery storage capacity to meet zero-carbon requirements under New Mexico's Energy Transition Act.
The resource portfolio includes:
- Extension of Valencia PPA for 167 MW through 2039
- 300 MW capacity through two 150 MW battery storage facilities
- 150 MW solar and battery storage facility (100 MW solar, 50 MW battery storage) with option for 20 MW additional storage
The project represents a $252 million capital investment from PNM between 2026-2028. Multiple parties support the stipulation, including NMPRC Staff and various energy advocacy groups. Hearings are scheduled for April 2, 2025.
TXNM Energy (NYSE: TXNM) has announced upcoming meetings with analysts and investors this week, where management plans to 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) 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.
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