Every 424B that TXNM Energy, Inc. (TXNM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow TXNM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TXNM filings page.
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. filed a prospectus supplement to sell shares of its common stock in an at-the-market offering with an aggregate offering price of up to $125,000,000. The sales may occur through BofA Securities, MUFG and Scotiabank as sales agents and may include forward sale agreements with affiliated forward purchasers.
The distribution agreement permits sales on the NYSE or through other market venues and provides for commissions up to 2%. The prospectus notes forward-sale settlement options (physical, cash or net share) and explains that physical settlement would generate cash proceeds to the company while cash or net share settlement could result in the company owing cash or shares. The last reported NYSE sale price was $59.02 per share as of February 27, 2026.