{"filings":[{"id":1453636,"accession_number":"0001108426-26-000040","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-07-06T11:28:23+00:00","items":["8.01"],"status":"ready","headline":"NMPRC voids $400M PIPE investment in TXNM merger, orders unwinding and $300K penalty","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NMPRC final order declares PIPE Transaction void for lack of prior approval under New Mexico Public Utility Act.","TXNM, Parent, and Purchaser each fined $100,000 (aggregate $300,000).","Compliance report required within 45 days detailing unwinding of PIPE Transaction and ratepayer protections.","Procedural schedule for merger application stayed pending compliance review.","PIPE Transaction closed in June 2025, provided $400M equity financing for TXNM operations pre-merger."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":"2026-07-06","daily_digest_url":"/daily/2026-07-06","daily_digest_rank":1},{"id":1000557,"accession_number":"0001108426-26-000033","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-06-11T20:20:48+00:00","items":["5.07"],"status":"ready","headline":"TXNM shareholders elect all 10 director nominees, ratify KPMG, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All director nominees elected with ~88M votes each; broker non-votes ~8.3M.","KPMG ratified as independent auditor for FY2026: 97.2M for, 0.4M against.","Advisory vote on NEO compensation approved: 88.0M for, 1.2M against, 0.2M abstain.","Record date April 21, 2026; outstanding shares ~110.7M.","Meeting held June 10, 2026; all items passed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":786960,"accession_number":"0001108426-26-000030","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-06-01T21:54:12+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"TXNM subsidiaries: TNMP rate settlement with $20.5M storm rider, PNM resource plan with 1.65 GW renewables","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["TNMP rate settlement recovers $2.8B rate base, maintains 9.65% ROE, 45% equity ratio; subject to PUCT approval.","Separate $20.5M Hurricane Beryl cost rider over 5 years included in settlement.","PNM seeks NMPRC approval for 800 MW wind, 240 MW solar, 610 MW battery storage, 40 MW natural gas.","PNM plans to fully exit coal by 2031, forecasting 40% customer demand increase by 2032.","Capital investments part of $4.9B 5-year plan; no new large load customers affiliated with Blackstone."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91344,"accession_number":"0001108426-26-000024","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"TXNM Energy Q1 ongoing EPS $0.21; capital plan $10.2B; Blackstone deal on track for H2 2026","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net earnings $3.7M ($0.03 EPS); ongoing net earnings $23.8M ($0.21 EPS) vs Q1 2025 $0.10/$0.19.","Updated 2026-2030 capital investment plan of $10.2B; average rate base forecast from $7.6B (2026) to $13.6B (2030).","Blackstone acquisition at $61.25/share expected to close H2 2026; FERC, PUCT, FCC approvals received; NMPRC and NRC pending.","NMPRC approved PNM's $165M economic development projects and 30 MW battery storage ($78M investment).","TNMP base rate review hearings canceled to pursue settlement; Q1 segment ongoing EPS: TNMP $0.30, PNM $0.01."],"consensus_eps_estimate":null,"consensus_eps_actual":0.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":504982000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101356,"accession_number":"0001108426-26-000014","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"TXNM Energy's 5.75% convertible notes become convertible; holders to receive non-convertible notes plus stock","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Convertible notes (5.75% due 2054) convertible from April 1 to June 30, 2026, at conversion price of ~$44.37/share.","Upon conversion, holders receive equal principal of new 5.75% non-convertible subordinated notes due 2054 plus stock for any excess.","Conversion triggered by stock price exceeding 130% of conversion price for 20 of 30 trading days ending March 31, 2026.","Pending merger with Blackstone at $61.25/share would be a make-whole fundamental change, allowing cash-only conversion.","Company warns new non-convertible notes may trade below par given recent 7% issuance and lower liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101355,"accession_number":"0001108426-26-000012","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-03-03T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"TXNM Energy approves 2026 executive incentive plans with bonus and LTIP ranges","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["2026 Annual Incentive Plan: cash bonuses based on Incentive EPS threshold; CEO/Exec Chair bonus range 57.5%-230% of salary.","2026 LTIP: 70% performance shares (Earnings Growth + FFO/Debt goals) and 30% time-vested RSRs; CEO performance share range 122.5%-490% of salary.","Other NEOs: GC, SVP Regulatory & Public Policy, CFO bonus ranges 35%-140%; LTIP performance share ranges 47.25%-189% (GC), 42%-168% (CFO).","Time-vested RSR vesting: 33% on Mar 7, 2027; 34% Mar 7, 2028; 33% Mar 7, 2029.","Incentive EPS threshold must be met for any annual bonus; awards paid by Mar 15, 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101354,"accession_number":"0001108426-26-000010","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-03-03T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TXNM Energy enters $125M at-the-market equity distribution agreement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company may sell up to $125M of common stock through BofA, MUFG and Scotia Capital as sales agents.","Sales may be made via ATM offerings on NYSE or privately negotiated transactions; commissions up to 2%.","Also may enter forward purchase transactions with Bank of America, MUFG and Bank of Nova Scotia.","Company not obligated to sell any shares; proceeds expected only upon physical settlement of forward agreements.","Agreement filed as Exhibit 10.1; legal opinion of Associate General Counsel also included."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101353,"accession_number":"0001108426-26-000004","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"TXNM Energy reports 2025 EPS $1.48 GAAP, $2.33 ongoing; Blackstone acquisition progresses","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["2025 GAAP diluted EPS $1.48 vs $2.67 in 2024; ongoing diluted EPS $2.33 vs $2.74.","Proposed acquisition by Blackstone Infrastructure at $61.25/share cleared FERC and PUCT; awaiting NMPRC and NRC.","PNM segment ongoing EPS $1.35 (down from $2.16); TNMP $1.42 (up from $1.15); Corporate and Other ($0.44).","TNMP filed general rate case with PUCT seeking $2.8B rate base, 10.4% ROE; rates expected effective mid-2026.","PNM filed $247M transmission line project and two $165.5M economic development projects under NM Senate Bill 170."],"consensus_eps_estimate":null,"consensus_eps_actual":1.48,"consensus_revenue_estimate":null,"consensus_revenue_actual":2165606000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101352,"accession_number":"0001108426-26-000002","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2026-01-02T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"TXNM Energy announces Q1 2026 conversion period for 5.75% convertible notes at $44.40/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Conversion period Jan 1–Mar 31, 2026; trigger: stock price above 130% of $44.40 conversion price for 20 of 30 days.","Holders converting receive new 5.75% non-convertible junior sub notes due 2054 for principal plus common stock for excess.","No cash paid for principal; new notes less liquid and may trade below $1,000 par; no outstanding at filing.","Merger with Blackstone affiliates at $61.25/share would create make-whole conversion right to receive cash per $1,000 notes.","Company makes no recommendation to holders on whether to convert; conversion agent is Computershare Trust."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117726,"accession_number":"0001108426-25-000122","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"TXNM Energy subsidiaries issue $70M bonds, extend credit lines, and complete $91.9M pension transfer","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["TNMP issued $70M of 4.69% first mortgage bonds due 2031; proceeds for debt repayment and capex.","TXNM, PNM, and TNMP credit agreements extended to March 29, 2030; TNMP revolver increased to $300M.","TXNM closed $91.9M pension transfer with Delaware Life; expects ~$60M non-cash charge to net income.","Merger with Blackstone Infrastructure will not trigger change of control under amended credit agreements or 2025H bonds.","One lender in each credit facility declined to extend commitment; will remain through original maturity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117725,"accession_number":"0001108426-25-000120","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"TXNM Energy issues $350M of 7% junior subordinated convertible notes due 2056","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$350M aggregate principal at 7.000% fixed through Jul 31, 2031, then 5Y Treasury + 3.254% floor 7.000%.","Notes mature Jul 31, 2056; interest payable semi-annually Jan 31/Jul 31 starting Jul 31, 2026.","Company may defer interest for up to 20 consecutive semiannual periods without triggering default.","Notes rank junior to all senior debt and equally with existing 5.75% junior subordinated notes due 2054.","Redemption at par before First Reset Date; after reset on interest dates; tax/equity credit changes allow whole redemption at up to 102%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117724,"accession_number":"0001108426-25-000118","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-12-02T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"TXNM Energy proposes junior subordinated notes offering; evaluating up to $100M pension risk transfer","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Commenced marketing for private offering of fixed-to-fixed reset rate junior subordinated notes (Rule 144A/Reg S).","Evaluating pension risk transfer of up to $100M of Plan obligations via group annuity contract using existing assets.","Expects non-cash charge of ~$65M pre-tax ($50M after-tax) if pension transfer completes; no additional cash contributions.","Both transactions are preliminary, subject to conditions; no assurance of completion or final terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117723,"accession_number":"0001108426-25-000116","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-11-18T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"TXNM Energy subsidiary issues $70M 4.69% senior secured bonds due 2031","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["TNMP issues $70M 4.69% First Mortgage Bonds due Dec 18, 2031 in private placement.","Proceeds used to repay short-term debt and fund general corporate purposes, including capex.","Bonds secured by first mortgage lien on substantially all TNMP property, ranking equally with existing debt.","Interest payable semiannually at 4.69%; TXNM-Blackstone deal not a change in control under bond terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117722,"accession_number":"0001108426-25-000114","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-11-10T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"PNM enters $120M term loan to refinance maturing 2024 term loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$120M term loan effective Nov 10, 2025, matures May 10, 2027.","Proceeds to refinance portion of outstanding 2024 term loan due Nov 10, 2025.","Loan includes covenant: consolidated debt-to-capitalization ratio ≤ 0.65:1.00.","Lenders include U.S. Bank and KeyBank National Association as joint lead arrangers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117721,"accession_number":"0001108426-25-000112","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TNMP amends key covenants in First Mortgage Indenture via Twenty-Fifth Supplemental Indenture","summary_kind":"llm","event_type":"debt","confidence":"medium","bullets":["Texas-New Mexico Power Company entered Twenty-Fifth Supplemental Indenture on Nov 6, 2025, with U.S. Bank Trust as trustee.","Amends requirement to provide financial reports under Section 12.04 of the First Mortgage Indenture.","Revises change-in-control definition in certain prior supplemental indentures (Tenth through Twenty-Third).","Adds covenant in Fifth Supplemental Indenture requiring annual and quarterly consolidated financial statements be made available to bondholders.","TNMP obtained requisite consents from applicable holders before entering the amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117720,"accession_number":"0001108426-25-000107","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-10-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"TXNM Energy Q3 GAAP EPS $1.22, ongoing $1.33; Blackstone deal shareholder-approved","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 GAAP diluted EPS $1.22 vs $1.45 YoY; ongoing EPS $1.33 vs $1.43 YoY.","PNM segment GAAP EPS $0.95 (ongoing $0.98); TNMP GAAP EPS $0.38 (ongoing $0.46).","Blackstone Infrastructure acquisition at $61.25/share approved by shareholders; closing expected H2 2026 pending regulatory approvals.","TNMP approved $87M rate base recovery; PNM filed for 30 MW storage at $78M.","No earnings guidance reaffirmed due to pending transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":1.63,"consensus_revenue_estimate":null,"consensus_revenue_actual":1632374000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134171,"accession_number":"0001108426-25-000104","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["1.02"],"status":"ready","headline":"TXNM Energy repays and terminates $500M term loan effective August 29, 2025","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Repaid $500M term loan in full and terminated agreement on August 29, 2025.","Agreement was with lenders and Wells Fargo Bank as administrative agent.","Termination occurred in accordance with the original terms; no default or penalty.","Eliminates future interest expense on the facility; balance sheet debt reduced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134170,"accession_number":"0001108426-25-000102","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-08-28T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"TXNM shareholders approve $61.25/sh acquisition by Blackstone Infrastructure; 99.6% vote in favor","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Over 92.9M shares voted for the merger (99.6% of votes cast; 88.2% of outstanding shares).","Shareholders to receive $61.25 per share in cash at closing (unchanged from original deal terms).","Closing expected in 2H 2026; regulatory approvals from NMPRC, PUCT, FERC, DOJ, NRC, FCC pending.","Merger Agreement dated May 18, 2025, with Troy ParentCo LLC and Troy Merger Sub Inc."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134169,"accession_number":"0001108426-25-000094","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-08-15T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TXNM Energy enters $200M ATM common stock offering program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["August 15, 2025 Distribution Agreement for up to $200M in common stock at-the-market offerings.","Sales agents include BofA Securities, MUFG Americas, RBC Capital Markets, Scotia Capital (USA).","Commissions up to 2% of gross sales price; forward purchasers may borrow shares for hedging.","Company may also enter forward stock purchase transactions; proceeds only upon physical settlement.","Legal opinion on share legality filed as Exhibit 5.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134168,"accession_number":"0001108426-25-000079","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2025-08-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"TXNM Energy Q2 GAAP EPS $0.22 (down from $0.53), ongoing $0.25; Blackstone acquisition on track for H2 2026","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 2025 GAAP diluted EPS $0.22 vs $0.53 Q2 2024; 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Tarry, 53, appointed to Board effective Dec 3, 2024, filling newly created 11th seat.","Base salary increased to $725,000; target annual cash incentive set at 90% of base salary.","Time-vested restricted stock rights award opportunity raised to 67.5% of annual base salary.","Total target annual long-term incentive award opportunity increased to 225% of base salary.","Tarry receives no additional compensation for Board service; will not serve on any committees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186904,"accession_number":"0001108426-24-000094","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"TXNM Energy Q3 GAAP EPS $1.45, ongoing EPS $1.43; narrows FY2024 guidance to $2.70-$2.75","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP diluted EPS of $1.45 in Q3 2024 (vs $0.44 in Q3 2023), helped by prior-year $115M rate credit charge.","Ongoing diluted EPS of $1.43 vs $1.54 YoY, driven lower by reduced transmission margins and higher depreciation.","PNM segment ongoing EPS $1.18 vs $1.19; new retail rates offset by lower transmission margins and higher depreciation.","TNMP ongoing EPS $0.39 vs $0.46; rate recovery gains were more than offset by weather, depreciation, and property taxes.","2024 ongoing earnings guidance narrowed to $2.70-$2.75 per diluted share."],"consensus_eps_estimate":null,"consensus_eps_actual":2.5,"consensus_revenue_estimate":null,"consensus_revenue_actual":1494235000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203442,"accession_number":"0001108426-24-000091","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-09-25T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"TXNM CFO Elisabeth A. Eden to retire; effective no sooner than March 15, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Eden announced retirement on September 20, 2024; will remain CFO until successor is identified.","Retirement date mutually agreed, currently anticipated no sooner than March 15, 2025.","No successor has been named; transition process underway."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203441,"accession_number":"0001108426-24-000089","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-08-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"TXNM Energy increases CFO base salary and target bonuses for COO and CFO","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["COO Joseph Tarry's target annual cash incentive raised to 75% of base salary (from 70%).","CFO Elisabeth Eden's target annual cash incentive raised to 65% of base salary (from 60%).","CFO Eden's base salary increased to $450,000 from $421,312, effective July 1, 2024.","Changes approved by Compensation Committee on August 13, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203440,"accession_number":"0001108426-24-000087","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-08-12T23:59:59+00:00","items":["5.02","8.01"],"status":"ready","headline":"TXNM Energy names Brian Iverson as General Counsel to succeed retiring Patrick Apodaca","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Iverson to assume role as General Counsel, SVP Regulatory & Public Policy, and Corporate Secretary no later than Sept 16, 2024.","Apodaca's retirement effective on Iverson's start date; succession previously disclosed in March 2024.","Iverson brings 20 years at Black Hills Corp, most recently as SVP, General Counsel and Chief Compliance Officer.","Compensation: $450K base, 70% target cash bonus, 135% LTIP, $30K sign-on cash, $400K sign-on equity (half vests immediately).","Iverson also eligible for relocation lump sum equal to two months base salary under relocation program."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203438,"accession_number":"0001108426-24-000085","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K/A","filed_at":"2024-08-06T23:59:59+00:00","items":["9.01","1.01","5.03","7.01","8.01"],"status":"ready","headline":"TXNM Energy upsizes ATM equity program to $300M, completes name change and share increase","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["At-the-market equity distribution agreement upsized from $100M to $300M; $290M remaining after $10M of shares sold.","Holding company name changed to TXNM Energy effective August 2; NYSE ticker changed from PNM to TXNM.","Authorized common shares increased from 120M to 200M; no impact on shareholder rights.","No structural or organizational changes; website moved to www.txnmenergy.com; CUSIP unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203439,"accession_number":"0001108426-24-000082","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-08-05T23:59:59+00:00","items":["1.01","5.03","7.01","8.01","9.01"],"status":"ready","headline":"TXNM Energy upsizes ATM equity program to $300M, changes name from PNM Resources","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["ATM capacity increased from $100M to $300M; $290M remains available as of Aug 5.","Authorized common shares raised from 120M to 200M; name change effective Aug 2.","NYSE ticker changed from PNM to TXNM effective Aug 5; CUSIP unchanged.","262,025 shares sold for ~$10M prior to upsizing; 2% commission to sales agents."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203437,"accession_number":"0001108426-24-000066","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"PNM Resources Q2 ongoing EPS $0.60 beats prior year; affirms FY2024 guidance $2.65-$2.75","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 2024 GAAP diluted EPS $0.53 (flat YoY); ongoing diluted EPS $0.60, up from $0.55.","Affirmed 2024 ongoing EPS guidance range of $2.65-$2.75.","PNM segment ongoing EPS $0.41; TNMP $0.33; Corporate & Other ($0.14).","PNM Resources to change name to TXNM Energy; trading under TXNM ticker expected Aug 5.","Net unrealized losses on investment securities of $5.6M in Q2 vs gains of $2.5M in prior year."],"consensus_eps_estimate":null,"consensus_eps_actual":1.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":924979000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203436,"accession_number":"0001108426-24-000064","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-07-01T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"TNMP issues $168M in first mortgage bonds (5.65%-5.79%) due 2039/2054","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $40M of 5.65% Series 2024D bonds due July 1, 2039, and $128M of 5.79% Series 2024E bonds due July 1, 2054.","Bonds sold via private placement to institutional accredited investors under exemption from registration.","Proceeds to be used for repayment of existing debt and general corporate purposes, including capital expenditures.","Bonds secured by a first mortgage lien on substantially all TNMP property, ranking equally with other first mortgage bonds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219851,"accession_number":"0001108426-24-000062","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-06-21T23:59:59+00:00","items":["2.03","3.03","3.02"],"status":"ready","headline":"PNM Resources issues additional $50M of 5.75% convertible notes due 2054, total $550M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $50M aggregate principal of 5.75% Junior Subordinated Convertible Notes due 2054 under over-allotment option.","Combined with June 10 issuance of $500M, total now $550M of the same notes.","Notes sold to initial purchasers under Rule 144A; unregistered and not offered to public.","Proceeds used for general corporate purposes; interest rate 5.75% with maturity in 2054."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219850,"accession_number":"0001108426-24-000058","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["1.01","2.03","3.03","9.01"],"status":"ready","headline":"PNM Resources issues $500M (plus $50M over-allotment) 5.75% convertible notes due 2054","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $500M aggregate principal of 5.75% Junior Subordinated Convertible Notes due June 1, 2054; interest payable semi-annually.","Initial purchasers have option to buy up to $50M additional notes within 13 days for over-allotments.","Conversion rate initially 22.4911 shares/$1,000 principal (~$44.46/sh, 17.5% premium over June 4 close).","Notes are unsecured, junior subordinated obligations, ranking behind all senior indebtedness.","Company may defer interest payments for up to 20 consecutive semi-annual periods at its option."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219849,"accession_number":"0001108426-24-000056","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"PNM Resources shareholders approve name change to TXNM Energy, Inc.","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 10 director nominees elected with 76M–77M votes for each; no dissident campaign.","KPMG ratified as auditor for FY2024 with 80.3M votes for, 388K against.","Advisory vote on NEO compensation passed with 65.4M for vs 12.3M against.","Amendment to increase authorized common shares approved (78.8M for, 1.9M against).","Name change to TXNM Energy, Inc. approved with 80.4M for, 292K against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219848,"accession_number":"0001108426-24-000054","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"PNM Resources prices $500M of 5.75% convertible notes due 2054, proceeds to repay term loans","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Raised $500M (plus $50M over-allotment) of 5.75% junior subordinated convertible notes maturing June 1, 2054.","Initial conversion rate: 22.4911 shares per $1,000 principal; conversion price ~$44.46 (17.5% premium over June 4 close).","PNM may defer interest for up to 20 consecutive semi-annual periods if no default.","Net proceeds to repay a portion of outstanding term loans; offering expected to close June 10, 2024.","Notes unsecured, junior to senior debt; callable after June 6, 2029 if stock at 130% of conversion price."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219847,"accession_number":"0001108426-24-000052","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-06-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"PNM Resources announces $500M offering of junior subordinated convertible notes due 2054","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offering $500M aggregate principal of junior subordinated convertible notes due 2054; underwriters may purchase up to $50M additional for over-allotments.","Notes are unsecured, rank junior to existing and future senior debt; interest payable semiannually, may be deferred for up to 20 consecutive semi-annual periods.","Holders can convert into common stock upon specified events; PNM may redeem after June 6, 2029 if stock price exceeds 130% of conversion price for 20 trading days.","Net proceeds will be used to repay a portion of outstanding term loans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6587082062.077376,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219846,"accession_number":"0001108426-24-000049","cik":1108426,"company_name":"TXNM ENERGY INC","ticker":"TXNM","form_type":"8-K","filed_at":"2024-05-10T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"PNM Resources subsidiary enters $200M term loan agreement due Nov 2025","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Public Service Company of New Mexico borrows $200M under term loan due November 10, 2025.","Interest: SOFR + 0.90% (SOFR loans); 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