TXNM Energy (NYSE: TXNM) Completes Name Change from PNM Resources

Rhea-AI Summary

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.

Positive

• Smooth transition of stock listing to new ticker symbol TXNM on NYSE
• No significant structural or organizational changes, ensuring business continuity
• Large customer base of over 800,000 homes and businesses across Texas and New Mexico

Negative

• None.

News Market Reaction – TXNM

-3.66%

1 alert

-3.66% News Effect

On the day this news was published, TXNM declined 3.66%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ALBUQUERQUE, N.M., Aug. 5, 2024 /PRNewswire/ -- TXNM Energy, Inc. (NYSE: TXNM) has completed its holding company name change, effective as of 5:00pm ET on August 2, 2024.

The common stock continues to be listed on the New York Stock Exchange under the ticker "TXNM", effective at the start of trading today, August 5, 2024.

TXNM Energy was previously named PNM Resources with common stock traded under the ticker "PNM". The CUSIP number for the common stock remains unchanged (69349H107).

There are no significant structural or organization impacts to the company associated with the name change, and shareholders do not need to take any action. All outstanding shares of PNM Resources have become TXNM Energy shares.

Coinciding with the change, TXNM Energy's website is now www.txnmenergy.com.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, NM., delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com.

CONTACTS:
Analysts	Media
Lisa Goodman	Corporate Communications
(505) 241-2160	(505) 241-2783

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release for TXNM Energy, Inc. ("TXNM"), Public Service Company of New Mexico ("PNM"), or Texas-New Mexico Power Company ("TNMP") (collectively, the "Company") that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies, including the unaudited financial results and earnings guidance, are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates and apply only as of the date of this report. TXNM, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM, PNM, and TNMP caution readers not to place undue reliance on these statements. TXNM's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K, Form 10-Q filings and the information included in the Company's Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.

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SOURCE TXNM Energy, Inc.

FAQ

When did TXNM Energy (NYSE: TXNM) complete its name change from PNM Resources?

TXNM Energy completed its name change from PNM Resources effective as of 5:00pm ET on August 2, 2024.

What is the new stock ticker symbol for TXNM Energy on the NYSE?

The new stock ticker symbol for TXNM Energy on the New York Stock Exchange is TXNM, effective from August 5, 2024.

Has the CUSIP number for TXNM Energy (NYSE: TXNM) changed after the name change?

No, the CUSIP number for TXNM Energy remains unchanged at 69349H107 after the name change from PNM Resources.

Do shareholders need to take any action due to TXNM Energy's (NYSE: TXNM) name change?

No, shareholders do not need to take any action. All outstanding shares of PNM Resources have automatically become TXNM Energy shares.