# TXNM Energy Inc: overview

TXNM · NYSE · CIK 1108426 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/txnm.md) · [Financials](/companies/txnm/financials.md) · [Filings](/companies/txnm/filings.md) · [Insiders](/companies/txnm/insiders.md)

Latest reported revenue: [$487.8m](/filings/0001108426-26-000026.md) for Q1 FY2026, three months to 2026-03-31, from the 10-Q filed May 1, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001108426-26-000026).

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [473](/filings/0001108426-25-000082.md) | [574](/filings/0001108426-25-000109.md) | [481 d](/filings/0001108426-26-000006.md) | [480](/filings/0001108426-26-000026.md) | [494](/filings/0001108426-25-000082.md) | [656](/filings/0001108426-25-000109.md) | [506 d](/filings/0001108426-26-000006.md) | [488](/filings/0001108426-26-000026.md) |
| Gross margin | % | [41.9%](/filings/0001108426-24-000068.md) | [51.8%](/filings/0001108426-24-000096.md) | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [22.3%](/filings/0001108426-25-000082.md) | [33.3%](/filings/0001108426-25-000109.md) | [15.8% d](/filings/0001108426-26-000006.md) | [15.0%](/filings/0001108426-26-000026.md) | [14.7%](/filings/0001108426-25-000082.md) | [30.9%](/filings/0001108426-25-000109.md) | [18.5% d](/filings/0001108426-26-000006.md) | [15.8%](/filings/0001108426-26-000026.md) |
| Net margin | % | [11.0%](/filings/0001108426-25-000082.md) | [23.7%](/filings/0001108426-25-000109.md) | [4.2% d](/filings/0001108426-26-000006.md) | [2.7%](/filings/0001108426-26-000026.md) | [5.3%](/filings/0001108426-25-000082.md) | [20.8%](/filings/0001108426-25-000109.md) | [(1.0%) d](/filings/0001108426-26-000006.md) | [1.6%](/filings/0001108426-26-000026.md) |
| Diluted EPS | $ per share | [0.53](/filings/0001108426-25-000082.md) | [1.45](/filings/0001108426-25-000109.md) | not reported | [0.10](/filings/0001108426-26-000026.md) | [0.22](/filings/0001108426-25-000082.md) | [1.22](/filings/0001108426-25-000109.md) | not reported | [0.03](/filings/0001108426-26-000026.md) |
| Free cash flow | $m | [(216) d](/filings/0001108426-25-000082.md) | [(144) d](/filings/0001108426-25-000109.md) | [(183) d](/filings/0001108426-26-000006.md) | [(201)](/filings/0001108426-26-000026.md) | [(263) d](/filings/0001108426-25-000082.md) | [4.7 d](/filings/0001108426-25-000109.md) | [(152) d](/filings/0001108426-26-000006.md) | [(160)](/filings/0001108426-26-000026.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,745](/filings/0001108426-24-000008.md) | [2,250](/filings/0001108426-25-000014.md) | [1,915](/filings/0001108426-26-000006.md) | [1,960](/filings/0001108426-26-000006.md) | [2,137](/filings/0001108426-26-000006.md) |
| Gross margin | % | [37.2%](/filings/0001108426-24-000008.md) | [32.9%](/filings/0001108426-24-000008.md) | [34.2%](/filings/0001108426-24-000008.md) | not reported | not reported |
| Operating margin | % | [17.7%](/filings/0001108426-24-000008.md) | [17.5%](/filings/0001108426-25-000014.md) | [12.1%](/filings/0001108426-26-000006.md) | [23.1%](/filings/0001108426-26-000006.md) | [20.6%](/filings/0001108426-26-000006.md) |
| Net margin | % | [12.1%](/filings/0001108426-24-000008.md) | [8.2%](/filings/0001108426-25-000014.md) | [5.6%](/filings/0001108426-26-000006.md) | [13.2%](/filings/0001108426-26-000006.md) | [7.9%](/filings/0001108426-26-000006.md) |
| Diluted EPS | $ per share | [2.27](/filings/0001108426-24-000008.md) | [1.97](/filings/0001108426-25-000014.md) | [1.02](/filings/0001108426-26-000006.md) | [2.67](/filings/0001108426-26-000006.md) | [1.48](/filings/0001108426-26-000006.md) |
| Free cash flow | $m | [(387)](/filings/0001108426-24-000008.md) | [(345)](/filings/0001108426-25-000014.md) | [(525)](/filings/0001108426-26-000006.md) | [(739)](/filings/0001108426-26-000006.md) | [(611)](/filings/0001108426-26-000006.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/txnm/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $828.8m | 14,595,837 |  | Added +1,235,130 |
| [Blackstone Inc.](/funds/1393818.md) | 2026-06-30 | $454.2m | 8,000,000 |  | Unchanged |
| [Balyasny Asset Management L.P.](/funds/1218710.md) | 2026-06-30 | $403.9m | 7,113,061 |  | Reduced −20,482 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $382.7m | 6,740,196 |  | Added +190,297 |
| [Pentwater Capital Management LP](/funds/1425851.md) | 2026-06-30 | $368.4m | 6,487,500 |  | Added +3,687,500 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $274.9m | 4,842,279 |  | Added +127,561 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $234.2m | 4,124,968 |  | Added +241,659 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $170.2m | 2,996,464 |  | Added +205,051 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $140.3m | 2,470,809 |  | Reduced −1,058,701 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $128.6m | 2,264,722 |  | New +2,264,722 |

## Recent filings

[All 923 filings](/companies/txnm/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-28 | 19:03 ET | [8-K](/filings/0001108426-26-000064.md) | 7.01 Regulation FD disclosure | 0001108426-26-000064 |
| 2026-09-30 | 16:45 ET | [8-K](/filings/0001108426-26-000061.md) | 8.01 Other events | 0001108426-26-000061 |
| 2026-09-02 | 16:35 ET | [8-K](/filings/0001108426-26-000058.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001108426-26-000058 |
| 2026-06-11 | 16:20 ET | [8-K](/filings/0001108426-26-000033.md) | 5.07 Shareholder vote results | 0001108426-26-000033 |
| 2026-04-28 | 17:08 ET | [DEF 14A](/filings/0001108426-26-000020.md) | Proxy statement, period 2025-12-31 | 0001108426-26-000020 |
| 2026-03-31 | 16:46 ET | [8-K](/filings/0001108426-26-000014.md) | 8.01 Other events | 0001108426-26-000014 |
| 2026-03-03 | 16:27 ET | [8-K](/filings/0001108426-26-000012.md) | 5.02 Departure or appointment of officers or directors | 0001108426-26-000012 |
| 2026-03-03 | 07:13 ET | [8-K](/filings/0001108426-26-000010.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001108426-26-000010 |
| 2026-01-02 | 07:37 ET | [8-K](/filings/0001108426-26-000002.md) | 8.01 Other events | 0001108426-26-000002 |
| 2025-12-10 | 16:16 ET | [8-K](/filings/0001108426-25-000120.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001108426-25-000120 |

## Latest annual report

No annual report is in coverage.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1108426
- Tickers: TXNM
- Exchange: NYSE
- SIC code: 4911 Electric Services
- State of incorporation: NM
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 07:08 ET. No prices; not investment advice.