secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001108426-26-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TXNM Energy Q1 ongoing EPS $0.21; capital plan $10.2B; Blackstone deal on track for H2 2026
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- GAAP net earnings $3.7M ($0.03 EPS); ongoing net earnings $23.8M ($0.21 EPS) vs Q1 2025 $0.10/$0.19.
- Updated 2026-2030 capital investment plan of $10.2B; average rate base forecast from $7.6B (2026) to $13.6B (2030).
- Blackstone acquisition at $61.25/share expected to close H2 2026; FERC, PUCT, FCC approvals received; NMPRC and NRC pending.
- NMPRC approved PNM's $165M economic development projects and 30 MW battery storage ($78M investment).
- TNMP base rate review hearings canceled to pursue settlement; Q1 segment ongoing EPS: TNMP $0.30, PNM $0.01.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842626000024/0001108426-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22767/000110842626000024/pnm-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001108426-26-000024

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