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TXNM Energy, Inc.

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.

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News & notes moving TXNM
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Public Service Company of New Mexico Declares Preferred Dividend

Public Service Company of New Mexico, a subsidiary of TXNM Energy, declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. The dividend is payable October 15, 2026, to shareholders of record at the close of business September 30, 2026. TXNM Energy is an energy holding company based in Albuquerque, New Mexico, serving more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.
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PR Newswire·8dRead more ▾
Energy Transition & Power Demand

Blackstone bid for TXNM Energy sparks debate over public ownership of New Mexico utilities

Blackstone's proposed acquisition of TXNM Energy, the parent of major New Mexico utilities, has ignited a debate over whether the state should instead explore taking a majority public stake. Critics argue that electricity is an essential monopoly service and question why a Wall Street investment giant should own it if the operation is a worthy investment. The deal still requires regulatory approval, and opponents are using the review to push for study of public-power models or stronger conditions on any sale. They warn that private-equity ownership could pressure cost-cutting, rate increases, or financial engineering over public service, affecting monthly bills, maintenance, and the clean energy transition. Supporters of a larger state role say a utility should answer more directly to residents to align decisions with reliability, affordability, and climate goals.
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Energy Transition & Power Demand
Albuquerque Journal·16dRead more ▾
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TXNM Energy declares $0.42 dividend amid negative growth metrics

TXNM Energy Inc announced a total dividend of $0.42 per share, with the ex-dividend date set for 2026-08-03 and payment on 2026-08-14. The company has maintained a consistent dividend payment record since 1996 and has increased its dividend each year since 2009, earning the status of a dividend achiever. As of today, the 12-month trailing dividend yield is 2.86% and the forward yield is 2.92%, while the dividend payout ratio stands at 0.68. However, the company's 3-year revenue growth rate is approximately -6.80% per year, its 3-year EPS growth rate is approximately -5.70% per year, and its 5-year EBITDA growth rate is -7.10%, all underperforming a majority of global competitors. Despite a profitability rank of 7 out of 10 and positive net income over the past decade, these negative growth metrics raise concerns about the sustainability of future dividend increases.
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GuruFocus·23dRead more ▾
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TXNM Energy declares quarterly dividend of $0.4225 per share

TXNM Energy declared a quarterly dividend of $0.4225 per share, matching the previous payout. The dividend carries a forward yield of 2.91% and is payable on August 14 to shareholders of record as of August 3, with the ex-dividend date also on August 3.
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Seeking Alpha·36dRead more ▾
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