TXNM Energy Q3 GAAP EPS $1.22, ongoing $1.33; Blackstone deal shareholder-approved

TXNM ENERGY INC

2025-Q3 EPS reported $1.63 revenue$1,632,374,000

Q3 GAAP diluted EPS $1.22 vs $1.45 YoY; ongoing EPS $1.33 vs $1.43 YoY.
PNM segment GAAP EPS $0.95 (ongoing $0.98); TNMP GAAP EPS $0.38 (ongoing $0.46).
Blackstone Infrastructure acquisition at $61.25/share approved by shareholders; closing expected H2 2026 pending regulatory approvals.
TNMP approved $87M rate base recovery; PNM filed for 30 MW storage at $78M.
No earnings guidance reaffirmed due to pending transaction.

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