---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-23-000056"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:42:49.308186+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PNM Resources Q3 GAAP EPS $0.44, ongoing EPS $1.54; guides 2023 ongoing $2.75-$2.80

## Summary
- GAAP diluted EPS $0.44 includes $115M one-time San Juan rate credit charge; ongoing diluted EPS $1.54 vs $1.46 YoY.
- 2023 ongoing earnings guidance adjusted to $2.75-$2.80 per share; YTD ongoing EPS $2.65 implies weak Q4.
- PNM segment ongoing EPS $1.19 on higher customer usage; TNMP $0.46; Corporate & Other ($0.11).
- Merger with Avangrid appeal pending at NM Supreme Court; agreement extended through Dec 31, 2023.

## SEC filing metadata
- accession: 0001108426-23-000056
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000056/0001108426-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842623000056/pnm-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-23-000056
- JSON: https://secwatch.observer/filing/0001108426-23-000056.json
- Plain text: https://secwatch.observer/filing/0001108426-23-000056.txt

## Key facts
- Earnings Releases
  TXNM ENERGY INC reported financial results for three and nine months ended September 30, 2023.
  - Period: three and nine months ended September 30, 2023
  - Result: reported results
  source text: On October 27, 2023, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing results of operations for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000056/0001108426-23-000056-index.htm

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