Source-grounded facts extracted from TXNM ENERGY INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
TXNM ENERGY INC reported financial results for three and nine months ended September 30, 2023.
“On October 27, 2023, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing results of operations for the three and nine months ended September 30, 2023.”
TXNM ENERGY INC reported Q2 2023 results: net income GAAP net earnings attributable to PNM Resources $45.3, EPS GAAP diluted EPS $0.53. Guidance reaffirmed.
“On August 4, 2023, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing results of operations for the three and six months ended June 30, 2023.”
TXNM ENERGY INC incurred senior notes of $55,000,000 aggregate principal amount at 5.47% per annum maturing July 28, 2053.
“On July 28, 2023, PNM Resources, Inc.’s indirect wholly-owned subsidiary, Texas-New Mexico Power Company (“TNMP”), issued $55,000,000 aggregate principal amount of its 5.47% First Mortgage Bonds, due July 28, 2053, Series 2023B (the “Series 2023B Bonds”) in a private placement”
TXNM ENERGY INC entered into Nineteenth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $55,000,000 (effective 2023-07-28).
“The Series 2023B Bonds were issued pursuant to TNMP’s First Mortgage Indenture dated as of March 23, 2009 (the “First Mortgage Indenture”), between TNMP and U.S. Bank Trust Company, National Association (ultimate successor as trustee to The Bank of New York Mellon Trust Company, N.A.), as trustee (the “Trustee”), as previously supplemented and amended and as further supplemented by the Nineteenth Supplemental Indenture thereto, dated as of July 28, 2023, between TNMP and the Trustee (the “Nineteenth Supplemental Indenture” and, together with the First Mortgage Indenture, the “Series 2023B Indenture”).”
TXNM ENERGY INC incurred term loan of $500 million with Wells Fargo Bank, National Association as Administrative Agent and lenders maturing June 30, 2026.
“On June 30, 2023, PNM Resources, Inc., a New Mexico corporation (“PNMR”), entered into a $500 million term loan agreement (the “PNMR 2023 Term Loan”) among PNMR, the lenders party thereto and Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent.”
TXNM ENERGY INC entered into PNMR 2023 Term Loan with the lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent valued at $500 million (effective 2023-06-30).
“On June 30, 2023, PNM Resources, Inc., a New Mexico corporation (“PNMR”), entered into a $500 million term loan agreement (the “PNMR 2023 Term Loan”) among PNMR, the lenders party thereto and Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent.”
TXNM ENERGY INC amended Amendment No. 3 to the Merger Agreement with Avangrid, Inc., NM Green Holdings, Inc. (effective 2023-06-19).
“On June 19, 2023, PNMR, Avangrid and Merger Sub entered into Amendment No. 3 to the Merger Agreement (the “Third Amendment”) pursuant to which PNMR and Avangrid each agreed to extend the “End Date” until December 31, 2023 (subject to a three-month extension by PNMR and Avangrid by mutual consent if all of the conditions to the closing, other than the conditions relating to regulatory approvals, have been satisfied as of December 31, 2023).”
Ronald N. Darnell retired as Senior Vice President, Public Policy at TXNM ENERGY INC.
“On June 1, 2023, Ronald N. Darnell, Senior Vice President, Public Policy of PNM Resources, Inc. (the “Company”), notified the Company that he is retiring from the Company and positions held at the Company's subsidiaries effective July 10, 2023.”
TXNM ENERGY INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-09 meeting.
“PNMR's shareholders recommended, on an advisory basis, that PNMR conduct future shareholder advisory votes on named executive officers compensation every year, by the vote indicated below: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 65,011,806 62,571 1,884,367 91,354 8,265,498”
TXNM ENERGY INC shareholders approved Advisory vote on executive compensation at the 2023-05-09 meeting.
“PNMR's shareholders approved, on an advisory basis, the compensation of PNMR’s NEOs, by the vote indicated below: Votes For Votes Against Abstentions Broker Non-Votes 64,371,800 2,540,624 137,674 8,265,498”
TXNM ENERGY INC shareholders approved Approval of 2023 Performance Equity Plan (PEP) at the 2023-05-09 meeting.
“PNMR's shareholders approved the 2023 PEP, by the vote indicated below: Votes For Votes Against Abstentions Broker Non-Votes 65,982,311 946,089 121,698 8,265,498”
TXNM ENERGY INC shareholders approved Ratification of KPMG LLP as independent auditors at the 2023-05-09 meeting.
“The appointment of KPMG LLP to serve as PNMR’s independent public accountants for the year ending December 31, 2023, was ratified by PNMR’s shareholders by the vote indicated below: Votes For Votes Against Abstentions 75,001,544 261,513 52,539”
TXNM ENERGY INC shareholders approved Election of nine directors at the 2023-05-09 meeting.
“The following nine nominees were elected to PNMR’s Board of Directors to serve as directors for a one-year term that expires at PNMR’s Annual Meeting of Shareholders to be held in 2024. The votes cast with respect to the nine nominees presented at the Meeting were as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Vicky A. Bailey 65,467,835 1,513,174 69,089 8,265,498 Norman P. Becker 65,977,030 993,027 80,041 8,265,498 Patricia K. Collawn 65,934,152 1,046,188 69,758 8,265,498 E. Renae Conley 65,881,756 1,099,234 69,108 8,265,498 Alan J. Fohrer 65,834,494 1,138,753 76,851 8,265,498 Sidney M. Gutierrez 66,880,735 95,285 74,078 8,265,498 James A. Hughes 65,409,960 1,563,052 77,086 8,265,498 Maureen T. Mullarkey 65,974,430 1,003,886 71,782 8,265,498 Donald K. Schwanz 66,416,034 556,348 77,716 8,265,498”
TXNM ENERGY INC reported three months ended March 31, 2023 results: net income $55.0, EPS $0.64 per diluted share. Guidance reaffirmed.
“PNM Resources (In millions, except EPS) Q1 2023 Q1 2022 GAAP net earnings attributable to PNM Resources $55.0 $16.0 GAAP diluted EPS $0.64 $0.19 Ongoing net earnings $47.6 $43.3 Ongoing diluted EPS $0.55 $0.50 PNM Resources (NYSE: PNM) today released its 2023 first quarter results. In addition, management affirmed its 2023 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.”
TXNM ENERGY INC incurred mortgage of $185.0 million aggregate principal amount at 5.01% and 5.47% maturing due April 28, 2033 and due July 28, 2053.
“On April 28, 2023, TNMP entered into a Bond Purchase Agreement (the “TNMP Bond Purchase Agreement”) with the institutional investors party thereto for the sale of $185.0 million aggregate principal amount of TNMP first mortgage bonds offered in a private placement transaction.”
TXNM ENERGY INC incurred senior notes of $200.0 million aggregate principal amount at 5.51% and 5.92% maturing due April 28, 2035 and due April, 2053.
“On April 28, 2023, PNM entered into a Note Purchase Agreement (the “PNM Note Purchase Agreement”) with the institutional investors party thereto for the sale of $200.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $150.0 million aggregate principal amount of its 5.51% Senior Unsecured Notes, Series A, due April 28, 2035, and (ii) $50.0 million aggregate principal amount of its 5.92% Senior Unsecured Notes, Series B, due April, 2053”
TXNM ENERGY INC entered into 2023 Bond Purchase Agreement with the institutional investors party thereto valued at $185.0 million aggregate principal amount of first mortgage bonds (effective 2023-04-28).
“On April 28, 2023, TNMP entered into a Bond Purchase Agreement (the "TNMP Bond Purchase Agreement") with the institutional investors party thereto for the sale of $185.0 million aggregate principal amount of TNMP first mortgage bonds offered in a private placement transaction.”
TXNM ENERGY INC entered into 2023 Note Purchase Agreement with the institutional investors party thereto valued at $200.0 million aggregate principal amount of senior unsecured notes (effective 2023-04-28).
“On April 28, 2023, PNM entered into a Note Purchase Agreement (the "PNM Note Purchase Agreement") with the institutional investors party thereto for the sale of $200.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $150.0 million aggregate principal amount of its 5.51% Senior Unsecured Notes, Series A, due April 28, 2035, and (ii) $50.0 million aggregate principal amount of its 5.92% Senior Unsecured Notes, Series B, due April, 2053 (the "PNM 2023 SUNs").”
TXNM ENERGY INC amended Amendment No. 2 to the Merger Agreement with Avangrid, Inc. (effective 2023-04-12).
“On April 12, 2023, PNMR, Avangrid and Merger Sub entered into Amendment No. 2 to the Merger Agreement (the “Second Amendment”) pursuant to which PNMR and Avangrid each agreed to extend the “End Date” until July 20, 2023.”
TXNM ENERGY INC reported year ended December 31, 2022 results: EPS $1.97.
“2022 GAAP earnings of $1.97 per diluted share • 2022 ongoing earnings of $2.69 per diluted share • 2023 ongoing earnings guidance range narrowed to $2.65 - $2.75”
TXNM ENERGY INC entered into Distribution Agreement with BofA Securities, Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, Bank of America, N.A., MUFG Securities EMEA plc, Wells Fargo Bank, N.A. valued at up to an aggregate sales price of $200 million (effective 2022-11-10).
“On November 10, 2022, PNMR Resources, Inc. (the “Company”) entered into a Distribution Agreement (the “Distribution Agreement”) with BofA Securities, Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC (each, a “Sales Agent” and collectively, the “Sales Agents”) and Bank of America, N.A., MUFG Securities EMEA plc and Wells Fargo Bank, N.A., as Forward Purchasers (each, a “Forward Purchaser” and collectively, the “Forward Purchasers”), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $200 million of its common stock, no par value (the “Shares”), through the Sales Agents.”
TXNM ENERGY INC reported Q3 2022 results: net income $122.4, EPS $1.42. Guidance raised.
“PNM Resources (In millions, except EPS) Q3 2022 Q3 2021 YTD 2022 YTD 2021 GAAP net earnings attributable to PNM Resources $122.4 $113.3 $153.8 $184.6 GAAP diluted EPS $1.42 $1.32 $1.78 $2.14”
Chris M. Olson departed as Senior Vice President, Utility Operations at TXNM ENERGY INC.
“On July 18, 2022, Chris M. Olson, Senior Vice President, Utility Operations, of PNM Resources, Inc. (“PNMR”), Public Service Company of New Mexico (“PNM”), and Texas-New Mexico Power Company (“TNMP”, and together with PNMR and PNM, the “Company”), notified the Company that he is retiring from the Company effective September 10, 2022.”
Elisabeth A. Eden changed role as Senior Vice President, Chief Financial Officer and Treasurer at TXNM ENERGY INC.
“Also effective May 21, 2022, Elisabeth A. Eden, the Company’s Vice President and Treasurer, was promoted to the position of Senior Vice President, Chief Financial Officer and Treasurer of the Company.”
Joseph D. Tarry changed role as President and Chief Operating Officer at TXNM ENERGY INC.
“Effective May 21, 2022, Joseph D. Tarry, PNM Resources, Inc.’s (the “Company”) Senior Vice President and Chief Financial Officer, was promoted to President and Chief Operating Officer (“COO”) of the Company.”
TXNM ENERGY INC incurred mortgage of $65,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.13% per annum maturing May 12, 2052.
“On May 12, 2022, PNM Resources, Inc.’s indirect wholly-owned subsidiary, Texas-New Mexico Power Company (“TNMP”), issued $65,000,000 aggregate principal amount of its 4.13% First Mortgage Bonds, due May 12, 2052, Series 2022A”
TXNM ENERGY INC entered into Fifteenth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at Issuance of $65,000,000 aggregate principal amount of 4.13% First Mortgage Bonds due May 12, 2052, S (effective 2022-05-12).
“The Series 2022A Bonds were issued pursuant to TNMP’s First Mortgage Indenture dated as of March 23, 2009 (the “First Mortgage Indenture”), between TNMP and U.S. Bank Trust Company, National Association (ultimate successor as trustee to The Bank of New York Mellon Trust Company, N.A.), as trustee (the “Trustee”), as previously supplemented and amended and as further supplemented by the Fifteenth Supplemental Indenture thereto, dated as of May 12, 2022, between TNMP and the Trustee (the “Fifteenth Supplemental Indenture” and, together with the First Mortgage Indenture, the “Series 2022A Indenture”).”
Charles N. Eldred departed as Executive Vice President, Corporate Development and Finance at TXNM ENERGY INC.
“On February 28, 2022, Charles N. Eldred, Executive Vice President, Corporate Development and Finance of PNM Resources, Inc. ("PNMR"), Public Service Company of New Mexico ("PNM") and Texas-New Mexico Power Company ("TNMP", and together with PNMR and PNM, the "Company") announced that he is retiring from the Company effective July 1, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.