TXNM news

TXNM Energy reported Q3 2026 GAAP earnings of $1.50 per share; the company continues to advance its proposed acquisition by Blackstone Infrastructure, with an anticipated closing in the first half of 2027.

TXNM Energy agreed to issue up to 7,079,646 shares of common stock through an underwriting agreement with Wells Fargo Securities. This secondary offering is planned to occur on August 31, 2026, and is subject to registration under the U.S. Securities Act.

TXNM Energy reported higher Q2 2026 GAAP earnings driven by increased retail load and system peaks. Additionally, the company extended its acquisition agreement with Blackstone Infrastructure, anticipating closure in the first half of 2027.

Public Service Company of New Mexico filed an exhibit 10.1 dated July 21, 2026, for a $195,000,000 Term Loan Agreement, signaling new access to capital.

TXNM Energy Inc. and its parent company have agreed to waive the 'End Date' deadline for their proposed merger, delaying it to May 31, 2027, and reduced the parent termination fee by half to $175 million.

TXNM Energy's Texas subsidiary TNMP filed a settlement agreement with the Public Utility Commission of Texas maintaining a 9.65% return on equity and 45% equity ratio, while recovering $2.8 billion in rate base and $20.5 million in Hurricane Beryl restoration costs. The settlement, supported by majo…