secwatch.observer — SEC 8-K summary
======================================

Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001108426-23-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842623000056/0001108426-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22767/000110842623000056/pnm-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001108426-23-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer