TXNM Energy — Third Quarter 2026 Earnings Summary

TXNM Energy reported third quarter 2026 GAAP earnings of $1.50 per diluted share and ongoing earnings of $1.62 per diluted share, reflecting a year-over-year increase in both metrics. The company's regulated utilities, PNM and TNMP, achieved new system peaks during a record-breaking summer heatwave, driving higher retail load and transmission revenues. A proposed acquisition by Blackstone Infrastructure for $61.25 per share is anticipated to close in the first half of 2027, pending final regulatory approval from the New Mexico Public Regulation Commission. Additionally, TXNM Energy filed key regulatory applications in Texas and New Mexico to recover costs and outline long-term infrastructure strategies for reliability and clean energy compliance.