TXNM Energy Stock Price, News & Analysis

The New Mexico Public Regulation Commission (NMPRC) has approved Public Service Company of New Mexico (PNM)'s application to modernize its grid infrastructure. This plan, part of a longer-term deployment, aims to enhance customer service through new tools like smart meters and support New Mexico's clean energy transition. The approved six-year plan includes $344 million of investments and will enable:

• Two-way communication on the grid
• Customer insights into energy usage
• Real-time grid status visibility for PNM
• Reduced outages and proactive problem-solving

Deployment will prioritize low-income and underserved communities. Investments will be recovered through a tariff rider, reviewed annually, in line with the state's 2020 grid modernization legislation.

TNMP, a subsidiary of TXNM Energy, Inc. (NYSE: TXNM), has received approval from the Public Utility Commission of Texas (PUCT) for two rate base recovery applications. The first, a Transmission Cost of Service (TCOS) filing, was approved on September 20, 2024, allowing for an annual rate increase of $3.9 million to recover $20.6 million of incremental transmission rate base. The second, a Distribution Cost Recovery Factor (DCRF) application, was approved on October 3, 2024, permitting an annual rate increase of $7.7 million to recover $43.7 million of incremental distribution rate base.

TXNM Energy, based in Albuquerque, New Mexico, serves over 800,000 customers in Texas and New Mexico through its regulated utilities, TNMP and PNM. The approved TCOS rates are already in effect, while the DCRF rates will become effective in approximately 45 days.

TXNM Energy (NYSE: TXNM) has announced it will release its third quarter 2024 financial results before the market opens on Friday, November 1, 2024. The company will host a live conference call at 11 a.m. Eastern Time to discuss the results and provide company updates. Investors and analysts can participate by pre-registering or dialing in. A live webcast will also be available on the company's website.

TXNM Energy is an energy holding company based in Albuquerque, New Mexico, serving over 800,000 homes and businesses in Texas and New Mexico through its regulated utilities, TNMP and PNM. The company will post the press release and presentation materials on its website at www.TXNMEnergy.com prior to the call.

TXNM Energy, Inc. (NYSE: TXNM) has announced its regular quarterly dividend of $0.3875 per share on the company's common stock. The dividend will be payable on November 8, 2024, to shareholders of record at the close of business on October 28, 2024. This decision was made by the Board of Directors during their regular meeting on September 24, 2024.

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

Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), has declared its regular quarterly dividend on preferred stock. The Board of Directors announced a dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. This dividend is payable on October 15, 2024, to shareholders of record at the close of business on September 30, 2024.

TXNM Energy is an energy holding company based in Albuquerque, New Mexico. It serves over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. This dividend declaration demonstrates the company's commitment to providing consistent returns to its preferred shareholders.

TNMP, a subsidiary of TXNM Energy, Inc. (NYSE: TXNM), has filed its first System Resiliency Plan (SRP) with the Public Utility Commission of Texas. The plan outlines $600 million in capital investments and $151 million in related costs over three years to enhance the resiliency of its distribution system. The SRP includes eight Resiliency Measures focusing on distribution system improvements, modernization, vegetation management, wildfire mitigation, flood mitigation, enhanced technology, and security. This data-driven approach aims to address various risks across TNMP's diverse service territory in Texas. The plan is subject to PUCT approval, with investments recoverable primarily through semi-annual Distribution Cost Recovery Factor filings.

TXNM Energy (NYSE: TXNM), formerly known as PNM Resources, has completed its holding company name change effective August 2, 2024. The company's common stock continues to trade on the New York Stock Exchange under the new ticker symbol TXNM, starting August 5, 2024. The CUSIP number remains unchanged (69349H107).

This name change does not involve any significant structural or organizational changes to the company. Shareholders are not required to take any action, as all outstanding shares of PNM Resources have automatically become TXNM Energy shares. The company has also updated its website to www.txnmenergy.com.

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

PNM Resources (NYSE: PNM) reported its Q2 2024 results, with GAAP earnings of $0.53 per diluted share and ongoing earnings of $0.60 per diluted share. The company affirmed its 2024 ongoing earnings guidance range of $2.65 - $2.75 per share. PNM Resources announced a name change to TXNM Energy (NYSE: TXNM), expected to begin trading on August 5, 2024. Q2 2024 GAAP net earnings were $48.0 million, up from $45.3 million in Q2 2023. Ongoing net earnings increased to $54.3 million from $47.4 million year-over-year. The company's performance was driven by new retail rates, load growth, and improved trust performance at PNM, as well as rate recovery at TNMP.

PNM Resources (NYSE: PNM) is set to change its holding company name to TXNM Energy, Inc. (NYSE: TXNM), effective August 2, 2024, at 5:00 pm ET. Trading under the new name and ticker symbol TXNM will begin on August 5, 2024. This change, approved by shareholders and the Board of Directors, reflects the company's evolving business profile.

The rebranding acknowledges the growth of TNMP, the company's Texas subsidiary, which now represents 40% of the rate base. There are no structural or organizational changes associated with the name change, and shareholders don't need to take any action. The company's website will transition to www.txnmenergy.com on August 5, 2024.

PNM Resources, based in Albuquerque, N.M., reported $1.9 billion in consolidated operating revenues for 2023. It serves over 800,000 customers in New Mexico and Texas through its regulated utilities, PNM and TNMP.