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. disclosed that it has issued
The Notes carry a fixed interest rate of 7.000% per year until
TXNM Energy may defer interest for up to 20 consecutive semi-annual periods, with interest continuing to accrue and compound. The company can redeem the Notes in several situations, including at par around the first reset date or on later interest payment dates, upon certain tax changes at par, or at 102% of principal if rating agency equity credit criteria change.
TXNM Energy Inc. President and CEO, who is also a director, reported equity award activity involving the company’s common stock. On December 1, 2025, 13,234 restricted stock rights vested and were settled into shares of common stock at an exercise price of $0, increasing his holdings. On the same date, 5,989 shares of common stock were withheld by TXNM Energy Inc. to cover tax obligations related to this equity award, at a price of $58.4 per share.
After these transactions, the reporting person directly owned 49,092 shares of TXNM Energy Inc. common stock and held 16,013 derivative securities in the form of restricted stock rights, each representing a contingent right to receive one share of common stock. The restricted stock units vest in three equal annual installments, with shares delivered on each vesting date or after any applicable blackout period ends.
TXNM Energy announced that it has started marketing a potential private offering of fixed-to-fixed reset rate junior subordinated notes to institutional investors under Rule 144A and to certain non-U.S. investors under Regulation S. The notes will not be registered under U.S. securities laws, and any transaction would depend on final terms and conditions being agreed.
The company and its subsidiary Public Service Company of New Mexico are also evaluating a pension risk transfer that could move up to
TXNM Energy Inc. reported that Executive Chair and director Patricia K. Collawn acquired 672 phantom stock shares on November 14, 2025 through notational dividend reinvestment under the TXNM Energy, Inc. Executive Savings Plan II. These phantom stock units convert into common stock on a one-for-one basis and are designed to mirror the value of TXNM common shares. After this transaction, she beneficially owns 96,487 phantom stock shares indirectly through the plan, which will settle in common stock upon her retirement or other termination of service.
TXNM Energy, Inc., through its utility subsidiary Texas-New Mexico Power Company (TNMP), agreed to issue $70,000,000 of 4.69% First Mortgage Bonds due December 18, 2031 in a private placement to institutional accredited investors. The bonds will be issued under TNMP’s existing First Mortgage Indenture and secured by a first mortgage lien on substantially all of TNMP’s property, ranking equally with its other first mortgage securities. TNMP plans to use the proceeds to repay short-term debt and for other general corporate purposes, including projected capital expenditures. The bonds carry customary events of default, financial and operational covenants including a consolidated indebtedness to consolidated capitalization ratio not exceeding 0.65 to 1.0, and provisions for early prepayment, bond repurchase events, and a change-of-control prepayment right, with TXNM’s proposed transaction with Blackstone Infrastructure expressly stated not to constitute a change in control.
TXNM Energy Inc. director Vicky A. Bailey reported a sale of company stock in a Form 4 filing. On 11/14/2025, a trust for her benefit sold 1,800 shares of TXNM common stock at a weighted average price of $57.74 per share, with individual sale prices ranging from $57.73 to $58.73. After this transaction, the trust holds 8,725 shares beneficially for her. The filing also notes that this figure excludes 8,994 shares owned directly by the reporting person, indicating that she continues to hold a meaningful personal stake in TXNM alongside the trust position.
TXNM: A shareholder filed a Form 144 notice to sell up to 1,800 shares of common stock, reflecting an aggregate market value of $103,932.18. The approximate sale date is 11/14/2025, with trades indicated for the NYSE through Morgan Stanley Smith Barney LLC.
The shares were acquired on 05/12/2021 via restricted stock vesting under a registered plan.
Public Service Company of New Mexico (PNM), a wholly owned subsidiary of TXNM Energy, entered into a $120.0 million term loan effective November 10, 2025. The loan must be repaid on or before May 10, 2027, and PNM expects to use the proceeds to refinance a portion of its 2024 Term Loan that matures on November 10, 2025.
The agreement includes customary covenants, notably a requirement to maintain a consolidated debt-to-consolidated capitalization ratio ≤ 0.65 to 1.00 as of each fiscal quarter-end. It also contains customary events of default, a cross-default and change-of-control provision, with automatic acceleration upon insolvency or bankruptcy. U.S. Bank National Association is the administrative agent.
TXNM Energy reported that its indirect subsidiary Texas-New Mexico Power Company (TNMP) entered into a Twenty-Fifth Supplemental Indenture on November 6, 2025. The agreement supplements TNMP’s First Mortgage Indenture with U.S. Bank Trust Company, National Association, as trustee.
The amendment updates TNMP’s obligation to provide certain financial reports, revises the definition of “change in control” referenced in multiple prior supplemental indentures, and adds a covenant requiring TNMP to make available certain annual and quarterly consolidated financial statements to holders of bonds issued under the Fifth Supplemental Indenture. TNMP obtained the requisite holder consents to implement these changes.
TXNM Energy, Inc. reported higher third‑quarter results while year‑to‑date earnings trailed last year. For Q3 2025, electric operating revenues were $647,162 thousand versus $569,256 thousand a year ago, driven by stronger billed activity. Operating income rose to $202,870 thousand from $191,080 thousand. Net earnings were essentially flat at $136,304 thousand compared with $136,398 thousand, as higher costs and interest kept profit growth in check.
For the first nine months of 2025, electric operating revenues reached $1,632,374 thousand versus $1,494,235 thousand, but net earnings declined to $175,114 thousand from $238,728 thousand. Key headwinds included higher cost of energy ($531,846 thousand vs $425,919 thousand) and increased interest charges ($205,713 thousand vs $169,254 thousand). As of October 24, 2025, TXNM had 108,921,356 common shares outstanding.