secwatch.observer — SEC 8-K summary
======================================

Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001108426-25-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
--------------------------------------------------------------------------------

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842625000031/0001108426-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22767/000110842625000031/pnm-20250509.htm
  HTML page:      https://secwatch.observer/filing/0001108426-25-000031

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