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, Inc. (TXNM) completed an underwritten public offering of 7,079,646 shares of its common stock at a public offering price of $56.50 per share for gross proceeds of approximately $400 million. The shares were sold to Wells Fargo Securities, LLC at a purchase price of $55.935 per share under an Underwriting Agreement dated August 31, 2026. The offering closed on September 2, 2026, and TXNM Energy received net proceeds of approximately $396 million after underwriting discounts, commissions and estimated expenses. The company intends to use the net proceeds to repay borrowings under its $400 million term loan agreement. The offering was conducted as a takedown from an effective shelf registration statement on Form S-3, using a prospectus supplement dated August 31, 2026.
TXNM Energy, Inc. (TXNM) is conducting a primary offering of 7,079,646 shares of common stock under its shelf registration. The shares are priced at $56.50 per share, for a total public offering amount of $399,999,999, with underwriting discounts and commissions of $0.565 per share.
TXNM expects to receive approximately $396 million in net proceeds after underwriting discounts and estimated expenses, and states it will use these proceeds to repay borrowings under its $400 million TXNM 2026 Term Loan. As of August 25, 2026, $400 million was outstanding under that term loan at a weighted average interest rate of 5.01% and maturing on January 17, 2029.
The offering increases common shares outstanding from 103,046,111 to an expected 110,125,757. An affiliate of Wells Fargo Securities, LLC, the sole underwriter, is the administrative agent and a lender under the TXNM 2026 Term Loan and will receive the offering proceeds through the loan repayment, creating a FINRA Rule 5121 conflict of interest. TXNM also describes prior $400 million PIPE financing that was unwound following a New Mexico Public Regulation Commission order, as well as a pending merger under an Agreement and Plan of Merger with affiliates of Blackstone Infrastructure Partners.
TXNM Energy, Inc. (TXNM) is conducting a primary offering of $400,000,000 of common stock under its shelf registration. The shares are listed on the NYSE under the symbol TXNM; the last reported price on August 28, 2026 was $57.64 per share.
TXNM expects to use the net proceeds to repay its $400 million TXNM 2026 Term Loan, a facility maturing January 17, 2029 that currently bears a weighted average interest rate of 5.01%. That loan was incurred to unwind a prior $400 million PIPE Transaction with an affiliate of Blackstone Infrastructure Partners after the New Mexico Public Regulation Commission declared the PIPE void.
As of August 25, 2026, TXNM had 103,046,111 shares of common stock outstanding; this does not include shares reserved under compensation or benefit plans. An affiliate of underwriter Wells Fargo Securities, LLC is a lender under the TXNM 2026 Term Loan and will receive the repayment proceeds, creating a disclosed FINRA Rule 5121 conflict of interest. The offering may dilute existing holders, and TXNM outlines additional risks related to stock price volatility, potential future issuances, and its pending merger with a Blackstone affiliate.
TXNM Energy, Inc. (TXNM) announced that two wholly owned utility subsidiaries, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), have entered into long-term private debt arrangements with institutional investors. PNM sold $200.0 million of senior unsecured notes: $115.0 million of 5.44% Series A SUNs due 2029, $50.0 million of 5.82% Series B SUNs due 2034, and $35.0 million of 6.12% Series C SUNs due 2038. Interest is payable semiannually beginning February 28, 2027, and proceeds will be used to repay existing indebtedness, fund capital expenditures, and for general corporate purposes. PNM is subject to covenants including a maximum debt-to-capitalization ratio of 65% and a change-of-control put at par.
TNMP issued $150.0 million of First Mortgage Bonds in a private placement, consisting of $75.0 million of 5.23% Series 2026A Bonds due 2031 and $75.0 million of 5.46% Series 2026B Bonds due 2033. The bonds are secured by a first mortgage lien on substantially all TNMP property, rank equally with other First Mortgage Indenture securities, and carry semiannual interest payments starting March 1, 2027. TNMP will use proceeds to repay short-term debt and for general corporate purposes, including projected capital expenditures, and is subject to leverage and other financial and operational covenants as well as bond repurchase and change-of-control prepayment provisions.
TXNM ENERGY INC director and executive chair Patricia K. Collawn reported an award of 739 Phantom Stock Shares on August 14, 2026. The phantom shares, held indirectly in the TXNM Common Stock Fund under the Executive Savings Plan II, convert into an equal number of common shares and will settle upon her retirement or other termination of service. This acquisition resulted from notational dividend reinvestment on the company’s cash dividend payment date and brought her reported indirect phantom stock balance to 98,591 shares. The transaction was not affirmed as made under a Rule 10b5-1 trading plan.
Pentwater Capital Management LP and Matthew Halbower report beneficial ownership of 6,487,500 shares of TXNM Energy, Inc. common stock. This represents 5.9% of the outstanding common stock, based on 110,707,257 shares outstanding as of April 24, 2026, as reported by the company.
The shares are held by certain investment funds advised by Pentwater Capital Management LP, with voting and dispositive power shared and no sole voting or dispositive power reported for either Pentwater or Mr. Halbower. The Pentwater funds have the right to receive dividends and sale proceeds from these shares.
Balyasny-related entities report a significant passive stake in TXNM Energy, Inc. Balyasny Asset Management L.P. and affiliated entities, including BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny, report beneficial ownership of 7,113,061 shares of TXNM Energy common stock.
This holding represents approximately 6.43% of the common shares, based on 110,707,257 shares outstanding as of April 24, 2026. The shares are held directly by Atlas Diversified Master Fund, Ltd., a Cayman Islands exempted company and investment management client of Balyasny Asset Management. Each reporting person is deemed to have sole voting and dispositive power over these shares.
TXNM Energy, Inc., parent of Public Service Company of New Mexico (PNM) and Texas-New Mexico Power (TNMP), reported higher profitability for the three and six months ended June 30, 2026. Consolidated electric operating revenues were $548.6 million for the quarter and $1.05 billion year‑to‑date.
Net earnings attributable to TXNM rose to $71.3 million in the quarter and $75.0 million for the first half of 2026, both up sharply from 2025. Diluted EPS was $0.64 for the quarter and $0.67 year‑to‑date. Operating income improved, and net other income benefited from gains on investment securities.
Operating cash flow strengthened to $223.0 million for the first six months, supporting substantial utility capital investment of $577.6 million and higher short‑term borrowings. At June 30, 2026, total assets were $12.51 billion and total equity $3.60 billion. TXNM has a pending Merger Agreement under which it will become a wholly‑owned subsidiary of an affiliate of Blackstone Infrastructure.
TXNM Energy, Inc. reported strong results for the quarter ended June 30, 2026. GAAP net earnings attributable to TXNM Energy were $71.3 million, up from $21.6 million a year earlier, with GAAP diluted EPS of $0.64 versus $0.22. Ongoing net earnings were $64.1 million and ongoing diluted EPS were $0.58, compared with $24.5 million and $0.25, respectively.
Electric operating revenues for the quarter were $548.6 million, and operating income rose to $123.3 million from $72.7 million, driven by rate relief, higher retail load, and higher transmission revenues at PNM and TNMP. A higher share count from equity issuance diluted per-share results.
TXNM highlighted progress on its pending acquisition by Blackstone Infrastructure at $61.25 per share, with several federal and Texas approvals received, and the merger termination date extended to May 31, 2027 while New Mexico and federal approvals are pursued. TNMP secured regulatory approval for recovery of $2.8 billion of rate base with a 9.65% allowed ROE and 45% equity ratio, with final rates effective September 13, 2026. The quarterly dividend declared was $0.4225 per share.
TXNM Energy entered into a Waiver and Letter Agreement with Blackstone Infrastructure affiliates that extend the outside date for their pending merger to May 31, 2027 and adjust certain deal terms. TXNM irrevocably reduced the potential Parent termination fee from $350 million to $175 million, while both sides waived rights to terminate the merger before the new end date for specified timing-related reasons and released certain known breaches and related claims tied to New Mexico regulatory proceedings and the voided 2025 PIPE financing.
To unwind the NMPRC‑voided PIPE, TXNM closed a $400 million term loan maturing January 17, 2029, drew the full amount, and will repay the PIPE investor, which may retain prior dividends in lieu of interest. The loan includes a maximum consolidated debt‑to‑capitalization ratio of 0.70 to 1.00. Under the agreements, Parent consented to TXNM raising $400 million through common stock issuances at prices of at least $50.00 per share, with net proceeds to repay the term loan. The companies state that most federal and Texas approvals are in place and that, subject to remaining NRC and NMPRC approvals, they currently estimate closing in the first half of 2027.