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) 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.
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.
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