FY2025 · ended Dec 31, 2025 · Revenue $2.14B, +9.0% YoY · Filed Feb 27, 2026
TXNM Energy, Inc. (TXNM) files with the SEC under industry code 4911, Electric Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $2.1 billion and net income of $169.8 million. Free cash flow was -$611.4 million. As of Mar 31, 2026 it held $500.2 million in cash and investments and $5.8 billion in total debt.
Revenue (TTM)
$2.14B
+6.7% vs year-ago TTM
Net income (TTM)
$165.03M
-25.4% vs year-ago TTM
Operating cash flow (TTM)
$596.42M
+7.2% vs year-ago TTM
Free cash flow (TTM)
$-569.59M
+23.4% vs year-ago TTM
EPS (TTM)
$1.36
-39.0% vs year-ago TTM
Dividend per share (TTM)
$1.66
+4.7% vs year-ago TTM
Shares outstanding
108.92M
+17.6% vs prior year
Net cash
$-5.27B
as of Mar 31, 2026
Operating margin
20.8%
FY 2026
Company profile
- Industry
- Electric Services (SIC 4911)
- Listed as
- TXNM (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- NM
- Headquarters
- Albuquerque, NM
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1108426
- Former names
- PNM RESOURCES INC (until Aug 2, 2024); PNM RESOURCES (until Apr 11, 2003); MANZANO CORP (until Apr 2, 2001)
Other Electric Services companies
- Nextera Energy Inc NEE
- Southern Co SO
- Constellation Energy Corp CEG
- American Electric Power Co Inc AEP
- Dominion Energy, Inc D
- Entergy Corp /DE/ ETR
- Vistra Corp. VST
- Fortis Inc. FTS
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $1.9B | $2.3B | $1.7B |
| Operating income | $441.2M | $453.5M | $231.3M | $393.8M | $308.2M |
| Net income | $169.8M | $258.7M | $106.9M | $185.2M | $211.8M |
| Diluted EPS | $1.48 | $2.67 | $1.02 | $1.97 | $2.27 |
| Operating cash flow | $584.5M | $508.2M | $551.2M | $567.3M | $547.9M |
| Free cash flow | -$611.4M | -$738.9M | -$524.6M | -$345.3M | -$387.1M |
| Total assets | $12.1B | $11.2B | $10.3B | $9.3B | $8.7B |
| Total liabilities | $8.6B | $8.6B | $7.8B | $7.0B | $6.4B |
| Stockholders' equity | $3.4B | $2.5B | $2.3B | $2.2B | $2.2B |
| Cash and investments | $523.9M | $480.0M | $446.6M | $421.6M | $464.2M |
| Total debt | $5.7B | $5.8B | $5.0B | $4.4B | $3.9B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 30, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 30, 2026 | Oct 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Oct 28, 2026 | Oct 27, 2026 |
| 8-K |
Current report
Other events
|
Sep 30, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Sep 2, 2026 | Sep 2, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Aug 19, 2026 | Aug 19, 2026 |
All 1008 TXNM Energy, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.