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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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.2B | $935M | $152M | $-611M | 4.5% | 9.9% | -37.4% |
| 2024 | $2.0B | $931M | $243M | $-739M | 9.6% | 1.7% | 174.7% |
| 2023 | $1.9B | $635M | $88M | $-525M | 3.8% | -13.8% | -48.0% |
| 2022 | $2.2B | $680M | $170M | $-345M | 7.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 2,165.61 |
| Operating Revenue | 2,165.61 |
| Cost Of Revenue | 814.38 |
| Gross Profit | 1,351.23 |
| Operating Expense | 910.78 |
| Selling General And Administration | 274.45 |
| Total Expenses | 1,725.16 |
| Operating Income | 440.45 |
| Total Operating Income As Reported | 441.18 |
| EBITDA | 934.91 |
| Normalized EBITDA | 899.43 |
| EBIT | 451.54 |
| Interest Income | 20.07 |
| Interest Expense | 271.52 |
| Net Interest Income | -251.46 |
| Other Non Operating Income Expenses | -44.46 |
| Other Income Expense | -8.98 |
| Interest Income Non Operating | 20.07 |
| Interest Expense Non Operating | 271.52 |
| Net Non Operating Interest Income Expense | -251.46 |
| Pretax Income | 180.01 |
| Tax Provision | 10.19 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 2.01 |
| Net Income Continuous Operations | 169.83 |
| Net Income From Continuing And Discontinued Operation | 151.89 |
| Net Income From Continuing Operation Net Minority Interest | 151.89 |
| Net Income | 151.89 |
| Net Income Common Stockholders | 151.36 |
| Net Income Including Noncontrolling Interests | 169.83 |
| Normalized Income | 118.42 |
| Diluted NI Availto Com Stockholders | 151.36 |
| Basic Average Shares | 101.59 |
| Diluted Average Shares | 102.39 |
| Reconciled Depreciation | 483.38 |
| Reconciled Cost Of Revenue | 756.64 |
| Total Unusual Items | 35.48 |
| Total Unusual Items Excluding Goodwill | 35.48 |
| Preferred Stock Dividends | 0.53 |
| Minority Interests | -17.94 |
| Special Income Charges | 0.73 |
| Restructuring And Mergern Acquisition | -0.73 |
| Gain On Sale Of Security | 34.75 |
| Depreciation Amortization Depletion Income Statement | 425.64 |
| Depreciation And Amortization In Income Statement | 425.64 |
| General And Administrative Expense | 274.45 |
| Other Gand A | 274.45 |
| Other Operating Expenses | 100.79 |
| Selling And Marketing Expense | - |
| Other Taxes | 109.89 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| TXNM Energy, Inc.this co. | TXNM | $6.6B | 43.21↑ premium | 1.93 | 4.5% | 13.10 |
| Southwest Gas Holdings, Inc. | SWX | $6.3B | 14.34 | 1.59 | 11.1% | 10.69 |
| Portland General Electric Company | POR | $5.7B | 18.79 | 1.39 | 7.4% | 9.09 |
| New Jersey Resources Corporation | NJR | $5.5B | 16.42 | 2.30 | 14.0% | 12.47 |
| Black Hills Corporation | BKH |
| - |
| - |
| - |
| - |
| - |
| $5.5B |
| 18.77 |
| 1.43 |
| 7.6% |
| 11.98 |
| Brookfield Infrastructure Corporation | BIPC | $5.1B | - | - | 18.6% | 6.17 |
| Fluence Energy, Inc. | FLNC | $5.0B | -103.57 | 11.65 | -11.2% | -276.81 |
| ONE Gas, Inc. | OGS | $4.9B | 18.36 | 1.41 | 7.7% | 10.51 |
| Spire Inc. | SR | $4.8B | 17.65 | 1.52 | 8.6% | 11.95 |
| Peer Median | - | 17.65 | 1.52 | 8.2% | 10.60 | |