secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001108426-24-000094
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842624000094/0001108426-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22767/000110842624000094/pnm-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001108426-24-000094

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