---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-23-000022"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T15:52:52.514962+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PNM Resources Q1 ongoing EPS $0.55 beats $0.50 yoy; reaffirms 2023 guidance $2.65-$2.75

## Summary
- GAAP diluted EPS $0.64 vs $0.19 yoy; ongoing EPS $0.55 vs $0.50
- Affirmed 2023 ongoing earnings guidance of $2.65-$2.75 per diluted share
- Merger with AVANGRID extended to July 20, 2023; joint dismissal/remand request pending at NM Supreme Court
- PNM segment contributed $0.55 ongoing EPS; TNMP $0.11; Corporate & Other ($0.11)
- Selected adviser to sell NMRD joint venture; proceeds to fund regulated capex

## SEC filing metadata
- accession: 0001108426-23-000022
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000022/0001108426-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842623000022/pnm-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-23-000022
- JSON: https://secwatch.observer/filing/0001108426-23-000022.json
- Plain text: https://secwatch.observer/filing/0001108426-23-000022.txt

## Key facts
- Earnings Releases
  TXNM ENERGY INC reported three months ended March 31, 2023 results: net income $55.0, EPS $0.64 per diluted share. Guidance reaffirmed.
  - Period: three months ended March 31, 2023
  - Net income: $55.0
  - EPS: $0.64 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: PNM Resources (In millions, except EPS) Q1 2023 Q1 2022 GAAP net earnings attributable to PNM Resources $55.0 $16.0 GAAP diluted EPS $0.64 $0.19 Ongoing net earnings $47.6 $43.3 Ongoing diluted EPS $0.55 $0.50 PNM Resources (NYSE: PNM) today released its 2023 first quarter results. In addition, management affirmed its 2023 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000022/0001108426-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.