Welcome to our dedicated page for TXNM Energy news (Ticker: TXNM), a resource for investors and traders seeking the latest updates and insights on TXNM Energy stock.
TXNM Energy, Inc. (NYSE: TXNM) is an energy utility holding company based in Albuquerque, New Mexico that delivers electricity to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The TXNM Energy news feed highlights developments affecting its regulated electric operations, financial performance and capital structure.
News about TXNM Energy frequently covers quarterly earnings results, where the company reports GAAP and non-GAAP “ongoing” earnings for its PNM, TNMP and Corporate and Other segments. These releases explain how rate decisions, weather, load, capital investments and merger-related costs influence segment earnings. Investors following TXNM news can review detailed reconciliations between GAAP and ongoing earnings and commentary on regulatory and financing developments.
A major focus of recent TXNM Energy news is the proposed acquisition of the company by affiliates of Blackstone Infrastructure Partners L.P. Press releases describe the agreed cash consideration per share, shareholder approval of the merger agreement, and the status of regulatory applications with the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission and other federal agencies. Additional news items outline customer and community benefits proposed in those regulatory filings, such as rate credits, economic development funding and technology investments.
The company’s news also includes announcements of common and preferred stock dividends, updates on PNM and TNMP regulatory filings, and information on settlements or stipulations in rate and cost recovery proceedings. For TNMP, news has addressed settlements related to the Blackstone Infrastructure acquisition application at the PUCT and commitments regarding governance, financial protections and workforce policies.
By reviewing the TXNM Energy news page, readers can track how regulatory actions, earnings trends, financing transactions and the progress of the planned merger with Blackstone Infrastructure may affect the company’s regulated utilities in Texas and New Mexico. This page provides an organized view of official company communications for those monitoring TXNM’s stock and operations.
TXNM Energy (NYSE: TXNM) reported Q1 2026 GAAP diluted EPS of $0.03 and ongoing diluted EPS of $0.21. Consolidated GAAP net earnings were $3.7M; ongoing net earnings were $23.8M. TXNM updated its 2026–2030 capital investment plan to $10.215B and rolled forward rate base forecasts to $7.6B (2026) and $13.6B (2030). The company reiterated it will not issue 2026 earnings guidance during the pendency of the proposed Blackstone Infrastructure transaction, which TXNM expects to close in H2 2026 subject to remaining approvals.
Public Service Company of New Mexico (NYSE: TXNM) declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. The dividend is payable April 15, 2026 to shareholders of record at close of business March 31, 2026.
The announcement identifies the series, payment date and record date for shareholders and confirms the dividend is for cumulative preferred shares.
TXNM Energy (NYSE: TXNM) reported 2025 results and gave transaction and regulatory updates. GAAP diluted EPS fell to $1.48 from $2.67 in 2024; ongoing diluted EPS was $2.33 versus $2.74. The proposed Blackstone Infrastructure acquisition at $61.25 per share is advancing through regulatory reviews with closing expected in the second half of 2026, subject to remaining approvals.
Key regulatory filings include TNMP’s $2.8 billion base rate request and PNM applications totaling roughly $412.5 million in project requests.
TXNM Energy (NYSE: TXNM) declared a regular quarterly common stock dividend of $0.4225 per share. The dividend is payable May 15, 2026 to shareholders of record at the close of business on April 27, 2026.
TXNM delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through regulated utilities TNMP and PNM.
TXNM (NYSE: TXNM) announced that the Federal Energy Regulatory Commission authorized its acquisition by Blackstone Infrastructure, finding the transaction consistent with the public interest.
FERC found no evidence the deal would impair regulation, raise rates, or harm competition. The transaction also has FCC approval, an expired HSR waiting period, PUCT settlement approval, and prior shareholder approval. Remaining approvals include the Nuclear Regulatory Commission and the New Mexico Public Regulation Commission.
TXNM Energy (NYSE: TXNM) announced that the Public Utility Commission of Texas approved a unanimous settlement allowing Blackstone Infrastructure to acquire TXNM Energy's Texas utility, TNMP, finding the deal in the public interest.
Key terms include $45 million in rate credits to customers, governance and local oversight, dividend restrictions, financial protections and ring-fencing, workforce protections, and a commitment to fund the company’s 5-year capital expenditure plan. The transaction has FCC approval and the Hart-Scott-Rodino waiting period has expired; remaining approvals include FERC, NRC and New Mexico regulator review.
TXNM (NYSE: TXNM) and Blackstone Infrastructure reached a unanimous settlement with parties in TXNM's PUCT application for Blackstone to acquire outstanding common stock of TXNM Energy; the settlement remains subject to PUCT approval.
Key terms include a $45.5 million customer rate credit paid over 48 months, a seven-member TNMP board with three disinterested directors, no acquisition-related debt, dividend and intercompany restrictions, a maintained Texas headquarters, a three-year workforce protection pledge, and commitment to the existing five-year capital spending plan through 2029. Scheduled PUCT hearings on Dec 15, 2025 were canceled.
TXNM Energy (NYSE: TXNM) announced a Board-approved increase to its annual common dividend by $0.06 (3.7%), raising the indicated annual rate to $1.69 per share. The board also declared a quarterly dividend of $0.4225 per share payable February 13, 2026 to shareholders of record at the close of business on January 30, 2026. The increase reflects continued underlying earnings growth and planned capital investment, and the company said the higher rate is contemplated within the proposed acquisition agreement with affiliates of Blackstone Infrastructure. Quarterly dividends will continue during the pendency of the proposed transaction.
TNMP (NYSE: TXNM) filed a base rate review on Nov 17, 2025 requesting recovery of $2.8 billion rate base as of June 30, 2025, a requested ROE of 10.4% and a 47.54% equity ratio. Current authorized metrics are $835 million rate base, 9.65% ROE and 45% equity. The filing seeks to recover higher O&M, updated depreciation and deferred tax amortizations while excluding interest increases tied to a proposed parent acquisition refinancing. Schedule 1 shows a $141.8 total revenue requirement increase and a $33.8 net rate increase. TNMP also requests a separate $20.5 million five-year rider for Hurricane Beryl restoration. New rates would be effective mid-2026 if approved by the Public Utility Commission of Texas.
Public Service Company of New Mexico (NYSE: TXNM) declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. The dividend is payable January 15, 2026 to shareholders of record at the close of business on December 31, 2025.
The company is a subsidiary of TXNM Energy and serves more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities TNMP and PNM.