---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-25-000031"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T01:20:45.915720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TXNM Energy Q1 GAAP EPS $0.10 vs $0.52 YoY; ongoing EPS $0.19 vs $0.41; FY guidance reaffirmed $2.74-2.84

## Summary
- GAAP net earnings $8.9M ($0.10/diluted), down from $47.2M ($0.52) in Q1 2024.
- Ongoing net earnings $18.1M ($0.19/diluted), down from $37.0M ($0.41) YoY.
- Segments: PNM GAAP EPS $0.01 (prior $0.46); TNMP $0.24 (prior $0.16); Corporate & Other -$0.15.
- FY 2025 ongoing EPS guidance reaffirmed at $2.74-$2.84; long-term growth target 7-9%.
- Impact of $8.2M net unrealized investment losses (vs $12.2M gains in Q1 2024).

## SEC filing metadata
- accession: 0001108426-25-000031
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000031/0001108426-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842625000031/pnm-20250509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-25-000031
- JSON: https://secwatch.observer/filing/0001108426-25-000031.json
- Plain text: https://secwatch.observer/filing/0001108426-25-000031.txt

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