TXNM Energy Q2 GAAP EPS $0.22 (down from $0.53), ongoing $0.25; Blackstone acquisition on track for H2 2026

TXNM ENERGY INC

2025-Q2 EPS reported $0.32 revenue$985,212,000

Q2 2025 GAAP diluted EPS $0.22 vs $0.53 Q2 2024; ongoing diluted EPS $0.25 vs $0.60.
Proposed acquisition by Blackstone Infrastructure at $61.25/share in cash, total enterprise value $11.5B, expected close in H2 2026.
PNM rate stipulation approved adding 450 MW solar/battery; TNMP first DCRF approved for $176M rate base.
Transaction costs of $19.5M in Q2; company not affirming 2025 guidance during pending deal.
PNM segment ongoing EPS $0.12 (down from $0.41); TNMP $0.27 (down from $0.33).

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