---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-26-000004"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T22:58:31.177414+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001108426-26-000004
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2026-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842626000004/0001108426-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842626000004/pnm-20260227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-26-000004
- JSON: https://secwatch.observer/filing/0001108426-26-000004.json
- Plain text: https://secwatch.observer/filing/0001108426-26-000004.txt

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