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    TXNM

    TXNM ENERGY INC

    Company overview

    Market capitalization
    $6.45B
    Employees
    1,755
    Latest publication
    2026-09-29
    About TXNM ENERGY INC

    TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

    Company website

    Financial statements

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Assets12,138,370,000USD4,345,436,000USD11,971,534,000USD11,675,264,000USD11,390,620,000USD11,548,122,000USD10,843,481,000USD10,583,410,000USD
    Other Current Assets91,355,000USD10,949,000USD66,133,000USD81,873,000USD67,266,000USD83,030,000USD87,718,000USD111,263,000USD
    Total Liab8,613,289,000USD953,985,000USD8,498,660,000USD8,446,941,000USD8,828,384,000USD8,953,308,000USD8,323,904,000USD8,120,201,000USD
    Total Stockholder Equity3,464,955,000USD3,404,018,000USD3,427,567,000USD3,182,294,000USD2,515,864,000USD2,547,914,000USD2,471,508,000USD2,414,277,000USD
    Other Current Liab284,766,000USD64,183,000USD278,792,000USD186,427,000USD241,655,000USD326,308,000USD343,138,000USD412,061,000USD
    Common Stock2,667,342,000USD2,563,930,000USD2,565,578,000USD2,366,770,000USD1,721,109,000USD1,724,444,000USD1,624,685,000USD1,625,251,000USD
    Capital Stock2,678,871,000USD2,575,459,000USD2,577,107,000USD2,378,299,000USD1,732,638,000USD1,735,973,000USD1,636,214,000USD1,636,780,000USD
    Retained Earnings823,867,000USD866,904,000USD924,214,000USD879,388,000USD857,812,000USD887,649,000USD908,693,000USD847,397,000USD
    Good Will278,297,000USD278,297,000USD278,297,000USD278,297,000USD278,297,000USD278,297,000USD278,297,000USD278,297,000USD
    Cash5,620,000USD1,618,000USD32,066,000USD35,780,000USD14,164,000USD4,498,000USD7,235,000USD3,235,000USD
    Cash And Short Term Investments5,620,000USD1,618,000USD32,066,000USD35,780,000USD14,164,000USD4,498,000USD7,235,000USD3,235,000USD
    Total Current Assets562,219,000USD12,567,000USD595,436,000USD573,727,000USD489,406,000USD498,836,000USD495,694,000USD537,654,000USD
    Total Current Liabilities1,022,905,000USD66,783,000USD1,176,220,000USD1,120,398,000USD1,694,175,000USD1,775,098,000USD1,369,643,000USD1,138,637,000USD
    Current Deferred Revenue7,026,000USD—6,688,000USD6,509,000USD6,556,000USD6,533,000USD6,530,000USD6,454,000USD
    Net Debt609,095,000USD982,000USD5,713,407,000USD5,797,644,000USD6,127,583,000USD5,823,435,000USD5,567,728,000USD5,355,224,000USD
    Short Term Debt573,669,000USD2,600,000USD743,012,000USD786,325,000USD1,289,388,000USD1,244,322,000USD890,070,000USD586,272,000USD
    Short Long Term Debt565,968,000USD483,938,000USD716,111,000USD762,401,000USD1,265,558,000USD1,220,903,000USD870,539,000USD567,170,000USD
    Short Long Term Debt Total614,715,000USD2,600,000USD5,745,473,000USD5,833,424,000USD6,141,747,000USD5,827,933,000USD5,574,963,000USD5,358,459,000USD
    Long Term Debt5,112,431,000USD5,116,026,000USD4,680,365,000USD4,782,536,000USD4,582,713,000USD4,311,765,000USD4,511,206,000USD4,596,994,000USD
    Long Term Investments494,818,000USD505,957,000USD494,163,000USD487,279,000USD470,469,000USD475,783,000USD453,760,000USD441,459,000USD
    Net Receivables275,732,000USD151,804,000USD324,251,000USD284,900,000USD239,732,000USD244,447,000USD280,222,000USD308,012,000USD
    Inventory189,512,000USD181,316,000USD172,986,000USD171,174,000USD168,244,000USD166,861,000USD120,519,000USD115,144,000USD
    Accounts Payable157,444,000USD243,062,000USD154,416,000USD147,646,000USD163,132,000USD204,468,000USD136,435,000USD140,304,000USD
    Property Plant Equipment Net9,535,760,000USD21,104,000USD9,367,073,000USD9,113,641,000USD8,921,012,000USD8,738,734,000USD8,412,870,000USD8,179,338,000USD
    Property Plant Equipment Gross12,650,915,000USD12,499,222,000USD12,370,099,000USD12,050,455,000USD11,842,289,000USD11,596,275,000USD11,359,537,000USD11,066,187,000USD
    Accumulated Other Comprehensive Income-26,254,000USD-26,816,000USD-73,753,999USD-75,393,000USD-74,586,000USD-75,708,000USD-73,399,000USD-69,899,999USD
    Common Stock Shares Outstanding93,179,000shares93,179,000shares93,179,000shares93,179,000shares93,179,000shares90,200,000shares90,605,000shares90,658,491shares
    Non Current Assets Total11,576,151,000USD4,332,869,000USD11,376,098,000USD11,101,536,999USD10,901,214,000USD11,049,286,000USD10,347,787,000USD10,045,756,000USD
    Non Current Liabilities Total7,590,384,000USD887,202,000USD7,322,440,000USD7,326,543,000USD7,134,209,000USD7,178,210,000USD6,954,261,000USD6,981,564,000USD
    Non Currrent Assets Other1,267,276,000USD4,311,765,000USD1,234,837,000USD1,220,575,999USD1,229,707,000USD1,202,496,000USD1,202,859,999USD1,146,662,000USD
    Net Working Capital-460,686,000USD-452,875,000USD-580,784,000USD-546,671,000USD-1,204,769,000USD-1,276,262,000USD-873,949,000USD-600,983,000USD
    Unclassified Current Liabilities-565,968,000USD-727,000,000USD-722,799,000USD-768,910,000USD-1,272,114,000USD-1,227,436,000USD-877,069,000USD-573,624,000USD
    Unclassified Non Current Liabilities2,477,953,000USD-4,228,824,000USD2,642,075,000USD2,544,007,000USD2,551,496,000USD2,866,445,000USD2,443,055,000USD2,384,570,000USD
    Unclassified Equity-2,678,871,000USD-2,575,459,000USD-2,565,578,001USD-2,366,770,000USD-1,721,109,000USD-1,724,444,000USD-1,624,685,000USD-1,625,251,001USD
    Unclassified Current Assets—-333,120,000USD——————
    Unclassified Non Current Assets—-784,254,000USD———353,976,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USD
    Total Assets4,345,436,000USD11,548,122,000USD10,591,028,000USD9,625,573,000USD9,016,060,000USD8,333,004,000USD7,693,418,000USD
    Other Current Assets10,949,000USD83,030,000USD101,725,000USD70,354,000USD53,745,000USD64,751,000USD51,845,000USD
    Total Liab953,985,000USD8,953,308,000USD8,180,448,000USD7,369,118,000USD6,781,602,000USD6,213,001,000USD5,940,139,000USD
    Total Stockholder Equity3,404,018,000USD2,547,914,000USD2,360,622,000USD2,203,461,000USD2,179,053,000USD2,060,994,000USD1,690,227,000USD
    Other Current Liab64,183,000USD326,308,000USD462,473,000USD231,725,000USD216,548,000USD168,897,000USD158,290,000USD
    Common Stock2,563,930,000USD1,724,444,000USD1,624,823,000USD1,429,102,000USD1,429,257,000USD1,429,941,000USD1,150,552,000USD
    Capital Stock2,575,459,000USD1,735,973,000USD1,636,352,000USD1,440,631,000USD1,440,786,000USD1,441,470,000USD—
    Retained Earnings866,904,000USD887,649,000USD787,110,000USD828,878,000USD810,203,000USD698,707,000USD627,523,000USD
    Good Will278,297,000USD278,297,000USD278,297,000USD278,297,000USD278,297,000USD278,297,000USD278,297,000USD
    Cash1,618,000USD4,498,000USD2,215,000USD4,078,000USD1,104,000USD47,928,000USD3,833,000USD
    Cash And Short Term Investments1,618,000USD4,498,000USD2,215,000USD4,078,000USD1,104,000USD47,928,000USD3,833,000USD
    Total Current Assets12,567,000USD498,836,000USD475,543,000USD410,978,000USD324,600,000USD377,479,000USD294,010,000USD
    Total Current Liabilities66,783,000USD1,775,098,000USD1,230,760,000USD890,370,000USD664,213,000USD977,662,000USD967,481,000USD
    Net Debt982,000USD5,823,435,000USD4,986,865,000USD4,388,912,000USD3,865,614,000USD3,408,189,000USD3,332,303,000USD
    Short Term Debt2,600,000USD1,244,322,000USD563,112,000USD442,937,000USD275,070,000USD639,448,000USD706,073,000USD
    Short Long Term Debt483,938,000USD1,220,903,000USD542,069,000USD416,793,000USD242,039,000USD607,518,000USD—
    Short Long Term Debt Total2,600,000USD5,827,933,000USD4,989,080,000USD4,392,990,000USD3,866,718,000USD3,456,117,000USD3,336,136,000USD
    Long Term Debt5,116,026,000USD4,311,765,000USD4,241,642,000USD3,892,594,000USD3,519,580,000USD2,719,632,000USD—
    Long Term Investments505,957,000USD475,783,000USD564,149,000USD508,273,000USD552,549,000USD531,054,000USD—
    Net Receivables151,804,000USD244,447,000USD273,569,000USD269,813,000USD204,690,000USD198,383,000USD160,403,000USD
    Inventory181,316,000USD166,861,000USD98,034,000USD66,733,000USD65,061,000USD66,417,000USD77,929,000USD
    Accounts Payable243,062,000USD204,468,000USD205,175,000USD215,708,000USD172,595,000USD169,317,000USD103,118,000USD
    Property Plant Equipment Net21,104,000USD8,738,734,000USD7,821,430,000USD7,055,646,000USD6,857,849,000USD6,094,357,000USD5,609,680,000USD
    Property Plant Equipment Gross12,499,222,000USD11,596,275,000USD10,613,093,000USD9,759,583,000USD9,851,773,000USD8,970,894,000USD—
    Accumulated Other Comprehensive Income-26,816,000USD-75,708,000USD-62,840,000USD-66,048,000USD-71,936,000USD-79,183,000USD-99,377,000USD
    Common Stock Shares Outstanding93,179,000shares90,591,000shares86,368,999shares86,169,000shares86,110,820shares80,303,000shares80,303,000shares
    Non Current Assets Total4,332,869,000USD11,049,286,000USD10,115,485,000USD9,214,595,000USD8,691,460,000USD7,955,525,000USD7,399,407,999USD
    Non Current Liabilities Total887,202,000USD7,178,210,000USD6,949,688,000USD6,478,748,000USD6,117,389,000USD5,235,339,000USD4,972,658,000USD
    Non Currrent Assets Other4,311,765,000USD1,202,496,000USD1,111,458,000USD1,004,183,000USD653,590,000USD658,667,000USD662,439,999USD
    Net Working Capital-452,875,000USD-1,276,262,000USD-755,217,000USD-479,392,000USD-339,613,000USD-600,183,000USD—
    Unclassified Current Assets-333,120,000USD——————
    Unclassified Non Current Assets-784,254,000USD353,976,000USD—368,196,000USD349,175,000USD393,150,000USD848,990,999USD
    Unclassified Current Liabilities-727,000,000USD-1,227,436,000USD-548,306,000USD-422,910,000USD-247,134,000USD-614,124,000USD—
    Unclassified Non Current Liabilities-4,228,824,000USD2,866,445,000USD2,708,046,000USD2,586,154,000USD2,597,809,000USD2,515,707,000USD4,972,658,000USD
    Unclassified Equity-2,575,459,000USD-1,724,444,000USD-1,624,823,000USD-1,429,102,000USD-1,429,257,000USD-1,429,941,000USD—
    Current Deferred Revenue—6,533,000USD6,237,000USD6,117,000USD5,095,000USD6,606,000USD—
    Other Assets——338,423,000USD———1USD
    Short Term Investments——-1,728,000USD————
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USD
    Net Income3,737,000USD
    Depreciation38,751,000USD
    Stock Based Compensation5,110,000USD
    Other Non Cash Items92,331,000USD
    Change To Account Receivables23,500,000USD
    Change To Inventory-8,196,999USD
    Change In Working Capital10,057,000USD
    Total Cash From Operating Activities153,188,000USD
    Capital Expenditures-312,716,000USD
    Free Cash Flow-159,528,000USD
    Investments-2,674,000USD
    Total Cashflows From Investing Activities-315,352,000USD
    Net Borrowings78,199,000USD
    Total Cash From Financing Activities142,047,000USD
    Dividends Paid-46,151,000USD
    Sale Purchase Of Stock-5,385,000USD
    Issuance Of Capital Stock103,687,000USD
    Change In Cash-12,636,000USD
    Begin Period Cash Flow18,256,000USD
    End Period Cash Flow5,620,000USD
    Other Cashflows From Investing Activities38,000USD
    Other Cashflows From Financing Activities11,697,000USD
    Unclassified Operating Cash Flow3,202,000USD
    Unclassified Financing Cash Flow103,687,000USD
    SourceLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31ProductElectric Transmission Service85,036,000USD0001108426-26-000026
    Q1 2026Quarterly · 2026-03-31ProductElectricity379,308,000USD0001108426-26-000026
    Q1 2026Quarterly · 2026-03-31ProductMiscellaneous Revenue From Contracts With Customers3,228,000USD0001108426-26-000026
    Q1 2026Quarterly · 2026-03-31ProductWholesale Energy Sales20,213,000USD0001108426-26-000026
    Q4 2025Quarterly · 2025-12-31ProductElectric Transmission Service85,967,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductElectricity391,561,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductMiscellaneous Revenue From Contracts With Customers2,719,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductWholesale Energy Sales26,158,000USDLegacy provider
    FY 2025Yearly · 2025-12-31ProductElectric Transmission Service319,730,000USD0001108426-26-000006
    FY 2025Yearly · 2025-12-31ProductElectricity1,709,243,000USD0001108426-26-000006
    FY 2025Yearly · 2025-12-31ProductMiscellaneous Revenue From Contracts With Customers10,196,000USD0001108426-26-000006
    FY 2025Yearly · 2025-12-31ProductWholesale Energy Sales97,755,000USD0001108426-26-000006
    Q3 2025Quarterly · 2025-09-30ProductElectric Transmission Service80,895,000USD0001108426-25-000109
    Q3 2025Quarterly · 2025-09-30ProductElectricity537,907,000USD0001108426-25-000109
    Q3 2025Quarterly · 2025-09-30ProductMiscellaneous Revenue From Contracts With Customers2,712,000USD0001108426-25-000109
    Q3 2025Quarterly · 2025-09-30ProductWholesale Energy Sales34,774,000USD0001108426-25-000109
    Q2 2025Quarterly · 2025-06-30ProductElectric Transmission Service77,631,000USD0001108426-25-000082
    Q2 2025Quarterly · 2025-06-30ProductElectricity393,892,000USD0001108426-25-000082
    Q2 2025Quarterly · 2025-06-30ProductMiscellaneous Revenue From Contracts With Customers2,400,000USD0001108426-25-000082
    Q2 2025Quarterly · 2025-06-30ProductWholesale Energy Sales19,895,000USD0001108426-25-000082
    Q1 2025Quarterly · 2025-03-31ProductElectric Transmission Service75,237,000USD0001108426-26-000026
    Q1 2025Quarterly · 2025-03-31ProductElectricity385,883,000USD0001108426-26-000026
    Q1 2025Quarterly · 2025-03-31ProductMiscellaneous Revenue From Contracts With Customers2,365,000USD0001108426-26-000026
    Q1 2025Quarterly · 2025-03-31ProductWholesale Energy Sales16,928,000USD0001108426-26-000026
    Q4 2024Quarterly · 2024-12-31ProductElectric Transmission Service75,834,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductElectricity381,313,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductMiscellaneous Revenue From Contracts With Customers2,435,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductWholesale Energy Sales21,395,000USDLegacy provider
    FY 2024Yearly · 2024-12-31ProductElectric Transmission Service298,107,000USD0001108426-26-000006
    FY 2024Yearly · 2024-12-31ProductElectricity1,587,002,000USD0001108426-26-000006
    FY 2024Yearly · 2024-12-31ProductMiscellaneous Revenue From Contracts With Customers9,589,000USD0001108426-26-000006
    FY 2024Yearly · 2024-12-31ProductWholesale Energy Sales64,903,000USD0001108426-26-000006
    Q3 2024Quarterly · 2024-09-30ProductElectric Transmission Service74,866,000USD0001108426-25-000109
    Q3 2024Quarterly · 2024-09-30ProductElectricity488,711,000USD0001108426-25-000109
    Q3 2024Quarterly · 2024-09-30ProductMiscellaneous Revenue From Contracts With Customers2,427,000USD0001108426-25-000109
    Q3 2024Quarterly · 2024-09-30ProductWholesale Energy Sales8,311,000USD0001108426-25-000109
    Q2 2024Quarterly · 2024-06-30ProductElectric Transmission Service75,449,000USD0001108426-25-000082
    Q2 2024Quarterly · 2024-06-30ProductElectricity371,913,000USD0001108426-25-000082
    Q2 2024Quarterly · 2024-06-30ProductMiscellaneous Revenue From Contracts With Customers2,351,000USD0001108426-25-000082
    Q2 2024Quarterly · 2024-06-30ProductWholesale Energy Sales23,507,000USD0001108426-25-000082
    FY 2023Yearly · 2023-12-31ProductElectric Transmission Service295,306,000USD0001108426-26-000006
    FY 2023Yearly · 2023-12-31ProductElectricity1,361,346,000USD0001108426-26-000006
    FY 2023Yearly · 2023-12-31ProductMiscellaneous Revenue From Contracts With Customers9,415,000USD0001108426-26-000006
    FY 2023Yearly · 2023-12-31ProductWholesale Energy Sales248,801,000USD0001108426-26-000006
    FY 2022Yearly · 2022-12-31ProductElectric Transmission Service263,203,000USD0001108426-25-000014
    FY 2022Yearly · 2022-12-31ProductElectricity1,443,611,000USD0001108426-25-000014
    FY 2022Yearly · 2022-12-31ProductMiscellaneous Revenue From Contracts With Customers9,207,000USD0001108426-25-000014
    FY 2022Yearly · 2022-12-31ProductWholesale Energy Sales534,196,000USD0001108426-25-000014
    FY 2021Yearly · 2021-12-31ProductElectric Transmission Service182,032,000USD0001108426-24-000008
    FY 2021Yearly · 2021-12-31ProductElectricity1,369,953,000USD0001108426-24-000008
    FY 2021Yearly · 2021-12-31ProductMiscellaneous Revenue From Contracts With Customers8,564,000USD0001108426-24-000008
    FY 2021Yearly · 2021-12-31ProductWholesale Energy Sales184,132,000USD0001108426-24-000008
    FY 2020Yearly · 2020-12-31ProductElectric Transmission Service138,230,000USD0001108426-23-000006
    FY 2020Yearly · 2020-12-31ProductElectricity1,314,520,000USD0001108426-23-000006
    FY 2020Yearly · 2020-12-31ProductMiscellaneous Revenue From Contracts With Customers9,194,000USD0001108426-23-000006
    FY 2020Yearly · 2020-12-31ProductWholesale Energy Sales50,277,000USD0001108426-23-000006
    FY 2019Yearly · 2019-12-31ProductElectric Transmission Service124,162,000USD0001108426-22-000010
    FY 2019Yearly · 2019-12-31ProductElectricity1,236,344,000USD0001108426-22-000010
    FY 2019Yearly · 2019-12-31ProductMiscellaneous Revenue From Contracts With Customers16,702,000USD0001108426-22-000010
    FY 2018Yearly · 2018-12-31ProductCommercial Electric519,594,000USD0001108426-19-000020
    FY 2018Yearly · 2018-12-31ProductEconomy Energy Service Electric26,764,000USD0001108426-19-000020
    FY 2018Yearly · 2018-12-31ProductElectric Transmission Revenue121,271,000USD0001108426-19-000020
    FY 2018Yearly · 2018-12-31ProductIndustrial Electric78,436,000USD0001108426-19-000020
    FY 2018Yearly · 2018-12-31ProductMiscellaneous Revenue From Contracts With Customers23,081,000USD0001108426-19-000020
    FY 2018Yearly · 2018-12-31ProductPublic Authority Electric27,297,000USD0001108426-19-000020
    FY 2018Yearly · 2018-12-31ProductResidential Electric563,297,000USD0001108426-19-000020

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.