TXNM Energy reports 2025 EPS $1.48 GAAP, $2.33 ongoing; Blackstone acquisition progresses

TXNM ENERGY INC

2025-FY EPS reported $1.48 revenue$2,165,606,000

2025 GAAP diluted EPS $1.48 vs $2.67 in 2024; ongoing diluted EPS $2.33 vs $2.74.
Proposed acquisition by Blackstone Infrastructure at $61.25/share cleared FERC and PUCT; awaiting NMPRC and NRC.
PNM segment ongoing EPS $1.35 (down from $2.16); TNMP $1.42 (up from $1.15); Corporate and Other ($0.44).
TNMP filed general rate case with PUCT seeking $2.8B rate base, 10.4% ROE; rates expected effective mid-2026.
PNM filed $247M transmission line project and two $165.5M economic development projects under NM Senate Bill 170.

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