TXNM ENERGY INC (TXNM) Form 10-Q — Jul 31, 2026
TXNM Energy reported strong financial results for the six months ended June 30, 2026, with net earnings attributable to the company rising to $75.0 million from $30.5 million in the prior year period. Consolidated electric operating revenues increased nearly 7% to $1.05 billion, driven by growth at both the PNM and TNMP utility subsidiaries. The company continued to execute financing activities related to its pending acquisition by Blackstone Infrastructure Partners. In July 2026, PNM entered into a $195 million term loan to refinance maturing debt, while TXNM drew $400 million from a delayed-draw term loan to repay prior obligations.
Key figures
- Eps
- 0.67
- Revenue
- 1053536000
- Net Income
- 75001000
- Total Debt
- 5187896000
- Cash Position
- 26985000
- Revenue Growth
- 6.9%
- Pnm revenue
- 691127000
- Tnmp revenue
- 362409000
- Term loan pnm
- 195000000
- Term loan txnm
- 400000000
- Atm proceeds net
- 123700000
Price after filing
Close on the filing date to close N calendar days later (from $57.69). Historical, not a forecast.
AI analysis
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