Highest-materiality recent filing
TXNM Energy Q1 ongoing EPS $0.21; capital plan $10.2B; Blackstone deal on track for H2 2026
GAAP net earnings $3.7M ($0.03 EPS); ongoing net earnings $23.8M ($0.21 EPS) vs Q1 2025 $0.10/$0.19.
Convertible notes (5.75% due 2054) convertible from April 1 to June 30, 2026, at conversion price of ~$44.37/share.
TXNM Energy enters $125M at-the-market equity distribution agreement
Company may sell up to $125M of common stock through BofA, MUFG and Scotia Capital as sales agents.
TXNM Energy approves 2026 executive incentive plans with bonus and LTIP ranges
2026 Annual Incentive Plan: cash bonuses based on Incentive EPS threshold; CEO/Exec Chair bonus range 57.5%-230% of salary.
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.
TXNM Energy announces Q1 2026 conversion period for 5.75% convertible notes at $44.40/share
Conversion period Jan 1–Mar 31, 2026; trigger: stock price above 130% of $44.40 conversion price for 20 of 30 days.
TXNM Energy subsidiaries issue $70M bonds, extend credit lines, and complete $91.9M pension transfer
TNMP issued $70M of 4.69% first mortgage bonds due 2031; proceeds for debt repayment and capex.
TXNM Energy issues $350M of 7% junior subordinated convertible notes due 2056
$350M aggregate principal at 7.000% fixed through Jul 31, 2031, then 5Y Treasury + 3.254% floor 7.000%.
Commenced marketing for private offering of fixed-to-fixed reset rate junior subordinated notes (Rule 144A/Reg S).
TXNM Energy subsidiary issues $70M 4.69% senior secured bonds due 2031
TNMP issues $70M 4.69% First Mortgage Bonds due Dec 18, 2031 in private placement.
PNM enters $120M term loan to refinance maturing 2024 term loan
$120M term loan effective Nov 10, 2025, matures May 10, 2027.
TNMP amends key covenants in First Mortgage Indenture via Twenty-Fifth Supplemental Indenture
Texas-New Mexico Power Company entered Twenty-Fifth Supplemental Indenture on Nov 6, 2025, with U.S. Bank Trust as trustee.
TXNM Energy Q3 GAAP EPS $1.22, ongoing $1.33; Blackstone deal shareholder-approved
Q3 GAAP diluted EPS $1.22 vs $1.45 YoY; ongoing EPS $1.33 vs $1.43 YoY.
TXNM Energy repays and terminates $500M term loan effective August 29, 2025
Repaid $500M term loan in full and terminated agreement on August 29, 2025.
TXNM shareholders approve $61.25/sh acquisition by Blackstone Infrastructure; 99.6% vote in favor
Over 92.9M shares voted for the merger (99.6% of votes cast; 88.2% of outstanding shares).
TXNM Energy enters $200M ATM common stock offering program
August 15, 2025 Distribution Agreement for up to $200M in common stock at-the-market offerings.
Q2 2025 GAAP diluted EPS $0.22 vs $0.53 Q2 2024; ongoing diluted EPS $0.25 vs $0.60.
TXNM Energy subsidiary terminates $1.505B backstop term loan upon repayment
Texas-New Mexico Power Company repaid and terminated its $1.505B 364-day delayed-draw term loan on July 22, 2025.
Six tranches: $245M 4.83% due 2030, $245M 5.12% due 2032, $240M 5.44% due 2035, $100M 5.54% due 2037, $154.3M 5.93% due 2045, $100M 6.02% due 2055.
TXNM raises $200M via private placement to Zimmer affiliates; shares at $55.325
TXNM issued 3,615,003 shares at $55.325/share to Zimmer Partners and other purchasers for ~$200M.
TNMP completes prepayment of $1.084B in First Mortgage Bonds
Offered to prepay $1.505B aggregate principal; $1.084B validly tendered and accepted.
TXNM amends credit agreements to waive change-of-control default triggered by pending merger
Amended $300M revolver, $500M term loan, and $30.3M LOC to exclude merger with Troy ParentCo from change-of-control definition.
TXNM Energy unregistered equity sale to BIP; commission up to 1%
Securities sold under Stock Purchase Agreement in reliance on Section 4(a)(2) exemption.
TXNM Energy to be acquired by Blackstone Infrastructure Partners for $61.25 per share in cash
Merger agreement signed May 18, 2025; TXNM shareholders to receive $61.25/share cash, no financing condition.
Ms. Elisabeth A. Eden, Senior Vice President, Finance, announced her intention to retire, effective as of a date that is mutually agreeable between Ms. Eden and TXNM.
On May 18, 2025, the Board, upon the recommendation of the Nominating and Governance Committee (“NGC”), elected Henry E. Monroy, Vice President, Regulatory, of TXNM’s wholly-owned utility subsidiary, Public Service Company of New Mexico (“PNM”), as TXNM’s Senior Vice President and Chief Financial Officer (Principal Financial Officer), effective as of May 19, 2025, following Ms. Eden’s retirement from such role.
Max materiality 1.00 · Median 0.60 · Most common event other_material