---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-25-000079"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2025-08-01T23:59:59+00:00"
generated_at: "2026-05-17T21:44:14.957846+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001108426-25-000079
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2025-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000079/0001108426-25-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842625000079/pnm-20250801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-25-000079
- JSON: https://secwatch.observer/filing/0001108426-25-000079.json
- Plain text: https://secwatch.observer/filing/0001108426-25-000079.txt

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