TXNM ENERGY INC (TXNM) Form 10-Q — Oct 30, 2026
TXNM Energy reported Q3 2026 net earnings attributable to the company of $163.4 million, or $1.55 basic EPS, up from $130.7 million ($1.22) a year earlier, with Q3 revenues up 13% to $733.3 million. The quarter was driven by both regulated segments: PNM earned $126.9 million and TNMP earned $54.0 million attributable to TXNM, reflecting rate implementation and load growth. Nine-month revenues reached $1.79 billion versus $1.63 billion in 2025. The company funded its capital program with a $396 million equity offering in September 2026, $200 million of PNM senior unsecured notes, and $150 million of TNMP first mortgage bonds, while repaying a $400 million delayed-draw term loan.
Key figures
- Eps
- $1.50 diluted Q3 (vs $1.22 prior year)
- Revenue
- 1786826000
- Net Income
- 163429000
- Total Debt
- ~$6.0B ($236.0M short-term + $5,632.8M long-term)
- Revenue Yoy
- 9.5% (nine months: $1,786.8M vs $1,632.4M)
- Total Assets
- 12824110000
- Cash Position
- 28730000
- Shares Outstanding
- 110125757
- Q3 revenue
- 733290000
- Operating income q3
- 271088000
- Pnm q3 net earnings
- 126939000
- Q3 2025 net earnings
- 130710000
- Tnmp q3 net earnings
- 54029000
- Dividends declared per share
- 0.4225
- Convertible notes outstanding
- 549800000
AI analysis
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