Market Movers (8-K)
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TXNM Energy announced second quarter 2026 results, with GAAP diluted EPS of $0.64 and ongoing diluted EPS of $0.58, while extending its acquisition agreement with Blackstone Infrastructure to May 31, 2027.
Better than expected
Delay expected
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Public Service Company of New Mexico (PNM) has entered into a $195 million term loan agreement to refinance existing debt maturing on July 21, 2026.
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New Mexico regulators voided a $400 million PIPE transaction related to TXNM Energy's merger with Blackstone, imposing penalties and requiring unwinding of the deal.
Worse than expected
Delay expected
Capital raise
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TXNM Energy announced its 2025 financial results, reporting a decrease in GAAP earnings per share but progress on its proposed acquisition by Blackstone Infrastructure.
Delay expected
Worse than expected
Capital raise
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TXNM Energy, Inc. announced a $70 million bond issuance by its subsidiary TNMP, amendments to its and its subsidiaries' revolving credit agreements, and a significant pension risk transfer transaction.
Worse than expected
Capital raise
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TXNM Energy, Inc. announced it is marketing a private offering of junior subordinated notes and evaluating a pension risk transfer of up to $100 million, which could result in a $50 million after-tax non-cash charge.
Worse than expected
Capital raise
Quarterly Earnings (10-Q)
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TXNM Energy, Inc. (TXNM) reported a significant increase in net earnings for the second quarter and first half of 2026, driven by improved performance across its utility subsidiaries, PNM and TNMP, despite ongoing regulatory reviews for its proposed merger.
Better than expected
Delay expected
Capital raise
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TXNM Energy reports a significant drop in Q1 2026 net earnings attributable to TXNM, primarily due to increased operating expenses and investment losses, while its merger with Blackstone Infrastructure faces regulatory delays.
Worse than expected
Delay expected
Capital raise
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TXNM Energy reports a decline in Q3 2025 net earnings to $130.7 million, or $1.22 per diluted share, as it progresses towards its merger with Blackstone Infrastructure.
Worse than expected
Capital raise
Delay expected
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TXNM Energy, Inc. reported a significant drop in second-quarter net earnings, primarily driven by increased operating expenses and interest charges, while advancing its proposed merger with Blackstone Infrastructure and continuing substantial grid modernization and clean energy investments.
Capital raise
Worse than expected
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TXNM Energy's first quarter 2025 earnings were significantly lower than the previous year due to investment losses and increased operating expenses, despite revenue growth.
Worse than expected
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TXNM Energy's Q3 2024 results reveal a significant increase in net earnings, driven by regulatory relief, strategic investments, and favorable market conditions, despite challenges from increased expenses and weather impacts.
Better than expected
Capital raise
Annual Reports (10-K)
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PNM Energy Transition Bond Company I, LLC and Public Service Company of New Mexico affirm material compliance with SEC Regulation AB servicing criteria for energy transition bonds for the 2025 fiscal year.
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TXNM Energy reports a significant decline in 2025 net earnings to $151.4 million, down from $242.2 million in 2024, as its merger with Blackstone Infrastructure advances towards a projected second-half 2026 close.
Worse than expected
Capital raise
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TXNM Energy's 2024 10-K filing reveals a significant increase in net earnings, fueled by regulatory approvals, higher transmission rates, and increased customer load in both New Mexico and Texas.
Better than expected
Capital raise
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PNM Resources, Inc. files its 2023 annual report, highlighting its financial performance, strategic objectives, and commitment to a clean energy future.
Worse than expected
Delay expected
Capital raise