TXNM Energy Q2 GAAP EPS $0.64, ongoing $0.58; acquisition extended to May 2027

TXNM ENERGY INC

Q2 GAAP net earnings $71.3M ($0.64/diluted share) vs $21.6M ($0.22) YoY; ongoing net earnings $64.1M ($0.58) vs $24.5M ($0.25).
Acquisition by Blackstone Infrastructure extended to May 31, 2027; closing expected first half 2027 pending NMPRC and NRC approvals.
TNMP base rate review settlement approved by PUCT: $2.8B rate base, 9.65% ROE, 45% equity ratio; interim rates from May 22, 2026.
PNM filed 2029-2032 Resource Portfolio with NMPRC: 800 MW wind PPAs, 240 MW solar, 610 MW battery storage, exit Four Corners in 2031.

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