secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001108426-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842624000004/0001108426-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22767/000110842624000004/pnm-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001108426-24-000004

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