---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-24-000004"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T07:43:43.550105+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PNM Resources 2023 GAAP EPS $1.02 vs $1.97 YoY; 2024 guidance $2.65-$2.75

## Summary
- GAAP diluted EPS fell to $1.02 from $1.97 due to $242M in regulatory disallowances and restructuring costs.
- Ongoing diluted EPS rose to $2.82 from $2.69, helped by lower generation costs and stronger TNMP load growth.
- 2024 ongoing EPS guidance range of $2.65-$2.75; long-term earnings growth target set at 6%-7% through 2028.
- PNM segment GAAP EPS $0.41 vs $1.20; TNMP GAAP EPS $1.10 vs $1.07; Corporate & Other loss widened.
- Chairman Vincent-Collawn cited geographic diversification and grid investments to support clean energy transition.

## SEC filing metadata
- accession: 0001108426-24-000004
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1108426/000110842624000004/0001108426-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842624000004/pnm-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-24-000004
- JSON: https://secwatch.observer/filing/0001108426-24-000004.json
- Plain text: https://secwatch.observer/filing/0001108426-24-000004.txt

## Key facts
- Earnings Releases
  TXNM ENERGY INC updated its the fiscal year ended December 31, 2023 guidance (initiated).
  - Period: the fiscal year ended December 31, 2023
  - Guidance: initiated
  - Result: reported results
  source text: On February 6, 2024, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing preliminary results of operations for the three months and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000004/0001108426-24-000004-index.htm

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