TXNM Energy Q3 GAAP EPS $1.45, ongoing EPS $1.43; narrows FY2024 guidance to $2.70-$2.75

TXNM ENERGY INC

2024-Q3 EPS reported $2.50 revenue$1,494,235,000

GAAP diluted EPS of $1.45 in Q3 2024 (vs $0.44 in Q3 2023), helped by prior-year $115M rate credit charge.
Ongoing diluted EPS of $1.43 vs $1.54 YoY, driven lower by reduced transmission margins and higher depreciation.
PNM segment ongoing EPS $1.18 vs $1.19; new retail rates offset by lower transmission margins and higher depreciation.
TNMP ongoing EPS $0.39 vs $0.46; rate recovery gains were more than offset by weather, depreciation, and property taxes.
2024 ongoing earnings guidance narrowed to $2.70-$2.75 per diluted share.

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