secwatch.observer — SEC 8-K summary
======================================

Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001108426-26-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842626000004/0001108426-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22767/000110842626000004/pnm-20260227.htm
  HTML page:      https://secwatch.observer/filing/0001108426-26-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer