TXNM ENERGY INC TXNM

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

TXNM Energy, Inc. ("TXNM"), is a holding company with two regulated electric utilities, PNM and TNMP, serving approximately 842,000 residential, commercial, and industrial customers in New Mexico and Texas. TXNM was incorporated in the State of New Mexico in 2000.

TXNM's vision is to create a clean and bright energy future while fulfilling its purpose to work together with customers and communities to meet their energy needs. TXNM's core values of Safety, Caring and Integrity are the foundation for the Company's business objectives focused on safety excellence and customer satisfaction, including reliability. To reach these objectives, the Company is committed to:

•Preparing our workforce with the knowledge and skills to thrive in a customer-focused world

Last close 58.27 2026-10-23
Market cap $6.45B 2026-03-31 share count
52-week range 55.64 - 59.53

Valuation FY2025 figures against the last close

P/S3.0x
P/E39.4x
P/FCF—
EV/EBITDA12.8x
Dividend yield2.5%
Diluted EPS1.48

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.14B$1.96B$1.91B$2.25B$1.74B$1.51B$1.38B$1.36B$1.32B$1.28B
Gross profit ——$655.8M$740.5M$648.9M$606.7M————
SG&A $274.5M$247.1M$227.9M$227.1M$230.3M$216.3M$189.2M$188.5M$177.8M$184.8M
Operating income $441.2M$453.5M$231.3M$393.8M$308.2M$285.3M$144.2M$236.0M$315.0M$284.7M
Interest expense $271.5M$228.1M$190.4M$127.9M$96.9M$114.4M$121.0M$127.2M$127.6M$128.6M
Pre-tax income $180.0M$280.2M$90.5M$211.3M$244.4M$208.0M$66.8M$109.1M$225.8M$195.2M
Income tax $10.2M$21.5M$16.4M$26.1M$32.6M$20.6M$25.3M$7.8M$130.3M$63.3M
Net income $169.8M$258.7M$106.9M$185.2M$211.8M$187.3M$92.1M$101.3M$95.4M$131.9M
EPS, basic 1.492.671.021.972.282.160.971.071.001.47
EPS, diluted 1.482.671.021.972.272.150.971.071.001.46
Shares, diluted (wtd. avg.) 102.4M90.6M86.4M86.2M86.1M80.3M80.0M80.0M80.1M80.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $18.3M$4.5M$3.9M$4.1M$1.1M$47.9M$3.8M$2.1M$4.0M$5.5M
Receivables $151.8M$130.4M$126.3M$183.7M$123.3M$113.4M$85.9M$92.8M$90.5M$87.0M
Inventory $181.3M$166.9M$98.0M$66.7M$65.1M$66.4M$77.9M$71.8M$66.5M$73.0M
Total current assets $564.7M$498.8M$475.5M$411.0M$324.6M$377.5M$294.0M$302.5M$294.4M$378.0M
Goodwill $278.3M$278.3M$278.3M$278.3M$278.3M$278.3M$278.3M$278.3M$278.3M$278.3M
Total assets $12.06B$11.21B$10.25B$9.26B$8.67B$7.94B$7.30B$6.87B$6.65B$6.47B
Accounts payable $243.1M$204.5M$205.2M$215.7M$172.6M$169.3M$103.1M$112.2M$121.4M$86.7M
Short-term debt $302.5M$611.6M$280.2M$184.8M$179.3M$575.5M$490.3M$0$256.9M$273.3M
Total current liabilities $1.02B$1.78B$1.23B$890.4M$664.2M$977.7M$967.5M$512.5M$835.6M$805.1M
Long-term debt $5.12B$4.31B$4.24B$3.89B$3.52B$2.72B$2.52B$2.67B$2.18B$2.12B
Total liabilities $8.60B$8.62B$7.84B$7.00B$6.43B$5.82B$5.55B$5.10B$4.87B$4.71B
Retained earnings $866.9M$887.6M$787.1M$828.9M$810.2M$698.7M$627.5M$644.0M$633.5M$604.7M
Total equity $3.40B$2.54B$2.40B$2.24B$2.22B$2.11B$1.74B$1.75B$1.76B$1.74B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $584.5M$508.2M$551.2M$567.3M$547.9M$485.7M$503.2M$428.2M$523.5M$408.3M
Depreciation and amortisation $483.4M$423.0M$353.7M$341.1M$320.2M$314.7M$301.1M$275.6M$268.2M$242.0M
Stock-based compensation $8.7M$9.5M$7.2M$7.8M$9.4M$8.1M$6.4M$7.1M$6.2M$5.6M
Capital expenditure $1.20B$1.25B$1.08B$912.6M$935.0M$679.0M$616.3M$501.2M$500.5M$600.1M
Investing cash flow -$1.22B-$1.17B-$1.09B-$950.3M-$952.3M-$733.8M-$673.9M-$475.7M-$466.2M-$699.4M
Financing cash flow $642.5M$684.4M$537.1M$386.0M$357.6M$292.2M$172.4M$45.6M-$58.8M$242.4M
Dividends paid $163.4M$140.3M$126.7M$119.8M$113.0M$98.5M$92.9M$85.0M$77.8M—
Buybacks $12.0M$8.5M$9.6M$8.0M$10.1M$12.0M$9.9M$12.6M$13.9M$15.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001108426-26-000020.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.3B Net income, FY2016: 131.9M Revenue, FY2017: 1.3B Net income, FY2017: 95.4M Revenue, FY2018: 1.4B Net income, FY2018: 101.3M Revenue, FY2019: 1.4B Net income, FY2019: 92.1M Revenue, FY2020: 1.5B Gross profit, FY2020: 606.7M Net income, FY2020: 187.3M Revenue, FY2021: 1.7B Gross profit, FY2021: 648.9M Net income, FY2021: 211.8M Revenue, FY2022: 2.3B Gross profit, FY2022: 740.5M Net income, FY2022: 185.2M Revenue, FY2023: 1.9B Gross profit, FY2023: 655.8M Net income, FY2023: 106.9M Revenue, FY2024: 2B Net income, FY2024: 258.7M Revenue, FY2025: 2.1B Net income, FY2025: 169.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.28B $1.32B $1.36B $1.38B $1.51B $1.74B $2.25B $1.91B $1.96B $2.14B
Gross profit — — — — $606.7M $648.9M $740.5M $655.8M — —
Net income $131.9M $95.4M $101.3M $92.1M $187.3M $211.8M $185.2M $106.9M $258.7M $169.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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