Welcome to our dedicated page for TXNM Energy SEC filings (Ticker: TXNM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The TXNM Energy, Inc. (NYSE: TXNM) SEC filings page on Stock Titan provides access to the company’s regulatory documents as filed with the U.S. Securities and Exchange Commission. TXNM Energy is an Albuquerque, New Mexico-based energy utility holding company 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).
Through this page, readers can review annual reports on Form 10-K, quarterly reports on Form 10-Q and a wide range of current reports on Form 8-K. For a regulated electric utility group like TXNM Energy, these filings are central to understanding segment performance, rate mechanisms, capital investment plans and risk factors. The company’s 8-K filings detail material events such as new credit agreements, amendments to revolving credit facilities, issuance of first mortgage bonds by TNMP, term loans at PNM, and junior subordinated notes issued by TXNM Energy.
Recent 8-K filings also describe the Agreement and Plan of Merger with Troy ParentCo LLC and Troy Merger Sub Inc., affiliates of Blackstone Infrastructure Partners L.P., under which TXNM Energy would become a wholly owned subsidiary if the merger is consummated. These filings outline the agreed cash consideration per share, shareholder approval of the merger, and the regulatory approvals required from the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission and other federal agencies.
Investors can use the filings page to follow debt and capital structure disclosures, including the terms of TXNM Energy’s junior subordinated convertible notes, fixed-to-fixed reset rate junior subordinated notes, and TNMP’s first mortgage bonds. Filings also provide information on non-GAAP “ongoing” earnings measures, reconciliations to GAAP results and explanations of how management evaluates operating performance.
Stock Titan enhances these documents with AI-powered summaries that highlight key terms, covenants and events in lengthy filings. Real-time updates from EDGAR help users quickly identify new 10-K, 10-Q and 8-K submissions, while insider transaction reports on Form 4 and proxy statements on Schedule 14A can be used to analyze executive compensation and ownership changes. This makes the TXNM Energy filings page a focused resource for understanding the company’s regulatory, financial and transactional history.
TXNM Energy reported 2025 GAAP diluted earnings per share of $1.48, down from $2.67 in 2024, mainly reflecting a $58.8 million pension settlement charge, $43.1 million of merger-related costs and $3.4 million of net unrealized losses on investment securities. Ongoing diluted EPS, which excludes these and other specified items, was $2.33 versus $2.74 in 2024. PNM benefited from rate relief and higher load but faced higher costs and lower weather-driven usage, while TNMP saw stronger revenues offset by higher depreciation, taxes and interest from new investments. The company highlighted significant equity issuance in 2024–2025 that increased diluted share count and reduced EPS.
TXNM reaffirmed its proposed sale to affiliates of Blackstone Infrastructure for $61.25 per share. Shareholders have approved the deal, and approvals have been obtained from the Federal Energy Regulatory Commission, the Public Utility Commission of Texas, the Federal Communications Commission and under the Hart-Scott-Rodino Act, with Nuclear Regulatory Commission and New Mexico Public Regulation Commission approvals still pending. TXNM continues to anticipate closing in the second half of 2026, subject to remaining conditions.
Regulatory initiatives include TNMP’s November 2025 Texas rate filing seeking recovery of $2.8 billion of rate base as of June 30, 2025 and $20.5 million of Hurricane Beryl restoration costs over five years, and PNM applications in New Mexico for two economic development projects costing $165.5 million and a $247 million 345 kV transmission project to support reliability, renewable integration and growth.
COLLAWN PATRICIA K reported acquisition or exercise transactions in a Form 4 filing for TXNM. The filing lists transactions totaling 674 shares. Following the reported transactions, holdings were 97,161 shares.
TXNM Energy, Inc. disclosed that its 5.75% Junior Subordinated Convertible Notes due 2054 are convertible at holders’ option from January 1, 2026 through March 31, 2026. The notes convert at 22.5248 shares of common stock per $1,000 principal amount, implying a conversion price of about $44.40 per share.
For conversions in this period, TXNM will satisfy the principal portion of its conversion obligation by issuing an equal principal amount of new 5.75% Non-Convertible Junior Subordinated Notes due 2054, and only any amount above principal will be settled in common stock (plus cash for fractional shares). The company notes these new non-convertible notes may be less liquid and could trade below their $1,000 principal amount, especially relative to its recently issued 7.000% junior subordinated notes due 2056.
TXNM also reiterates that, if its previously announced cash merger at $61.25 per share is consummated, it will constitute a make-whole fundamental change for the convertible notes, giving holders a special right to convert into cash based on the conversion rate and the merger price for a defined post-merger period.
TXNM Energy reported several financing actions and a pension risk transfer. Its subsidiary Texas-New Mexico Power Company (TNMP) privately issued $70,000,000 of 4.69% first mortgage bonds due December 18, 2031, secured by a first mortgage lien, with interest paid semiannually and optional make-whole prepayment provisions. TNMP plans to use the proceeds to repay short-term debt and for general corporate purposes, including capital spending.
TXNM and subsidiaries amended their revolving credit agreements. TXNM and Public Service Company of New Mexico (PNM) each extended the maturity of their $300.0 million and $400.0 million credit facilities to March 29, 2030, with one lender at each company keeping earlier commitments through March 30, 2029. TNMP increased its revolver from $200.0 million to $300.0 million, extended its maturity to March 29, 2030, and secured it with $300.0 million of Series 2025I first mortgage bonds.
TXNM also completed a pension risk transfer tied to PNM’s former gas distribution business. The company directed a single premium of $91,937,638 to Delaware Life Insurance Company, which will assume payments to certain retirees starting January 1, 2026. TXNM expects an approximately $60 million non-cash charge to net income from this transaction.
TXNM Energy Inc. reported insider activity by President and CEO Joseph Don Tarry, who also serves as a director. On 12/17/2025, 9,433 performance-based shares of common stock vested at an exercise price of $0, reflecting awards earned for the 2023–2025 performance period based on preliminary results of the applicable performance measures.
To satisfy tax withholding obligations related to this equity award, 4,269 shares were disposed of at $58.71 per share under the company’s share-withholding approach. After these transactions, Tarry directly beneficially owned 54,256 shares of TXNM Energy common stock.
TXNM Energy Inc. officer Brian Iverson reported routine equity compensation activity dated 12/17/2025. 2,344 shares of common stock vested from performance shares earned for the 2023–2025 performance period at a stated price of $0, reflecting delivery of stock rather than an open-market purchase.
To cover taxes on this vesting, 710 shares were withheld and treated as disposed of at $58.71 per share under the company’s modified share withholding approach, which involves remitting tax in cash and instructing a broker to buy replacement shares on the open market. After these transactions, Iverson directly beneficially owned 8,370 shares of TXNM Energy common stock.
TXNM Energy Inc. reported an insider equity transaction by its SVP of Corporate Services. On 12/17/2025, 658 shares of common stock vested, representing performance shares earned for the 2023–2025 period based on preliminary achievement of performance measures. On the same date, 298 shares were withheld at a price of $58.71 per share to cover tax withholding obligations tied to the equity award settlement, leaving 360 shares of common stock beneficially owned directly after these transactions. TXNM Energy uses a modified share withholding approach in which it withholds cash for taxes, has a broker purchase shares on the open market with the after-tax value, and delivers only the resulting net shares to the executive.
TXNM Energy Inc. reported an insider stock transaction by its SVP and CFO, Henry E. Monroy. On 12/17/2025, 466 shares of common stock vested from performance-based awards for the 2023 - 2025 period, increasing his direct holdings. On the same date, 211 shares were withheld at $58.71 per share to cover tax obligations tied to these equity awards. After these transactions, he directly beneficially owned 8,893 shares of TXNM Energy common stock.
The company explains that it uses a modified share-withholding method, in which it withholds cash to satisfy tax obligations and a broker purchases shares on the open market so that only net shares from equity awards are delivered to the executive.
TXNM Energy Inc. officer Gerald R. Bischoff, VP and Corporate Controller, reported equity award activity involving the company’s common stock. On 12/17/2025, he acquired 638 shares at $0 upon vesting of performance shares for the 2023–2025 performance period, based on preliminary results for the applicable performance measures. To cover related tax obligations, 289 shares were withheld at $58.71 per share, leaving him with 1,391 shares of TXNM Energy common stock beneficially owned directly after these transactions.
TXNM Energy Inc executive chair and director Patricia K. Collawn reported insider equity activity involving the company’s common stock. On 12/17/2025, 27,320 performance-based common shares vested at a price of $0, earned for the 2023–2025 performance period based on preliminary achievement of the applicable measures.
To cover tax obligations from these equity awards, the company withheld 12,363 shares at a price of $58.71 per share using its modified share-withholding approach. After these transactions, Collawn beneficially owned 764,514 shares of TXNM Energy Inc common stock directly.