Earnings Releases·Oct 30, 2026, 7:07 AM ET

TXNM Energy — Third Quarter 2026 Earnings Summary

GAAP net earnings rose to $163.4 million ($1.50/share) in Q3 2026 from $130.7 million ($1.22/share) in Q3 2025, while ongoing net earnings increased to $184.8 million ($1.62/share) from $142.8 million ($1.33/share), driven by rate relief, higher retail load, and transmission revenues.
Electric operating revenues reached $733.3 million for Q3 2026, up from $647.2 million in the prior year period, with YTD electric operating revenues totaling $1.79 billion compared to $1.63 billion in 2025.
The company does not plan to issue earnings guidance pending the proposed transaction with Blackstone Infrastructure, which anticipates closing in the first half of 2027 subject to remaining regulatory approvals, including the New Mexico Public Regulation Commission.
Dividends declared for Q3 2026 increased to $0.4225 per share from $0.4075 in Q3 2025, while earnings were impacted by higher interest expenses, depreciation, property taxes, and $14.7 million in net unrealized losses on investment securities.