TXNM

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TXNM Energy, Inc.

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Key Metrics

Previous Close: $57.60
52-Week Range: $55.64 – $59.53
Market Cap: $5.92B
P/E (TTM): 31.40
EPS (TTM): 1.83
Dividend Yield: 2.93%

Advanced Metrics

Price/Book: 1.80
PEG Ratio: 2.86
Return on Equity: 6.25%
Return on Assets: 2.26%
Gross Margin: 59.38%
Operating Margin: 22.48%
Profit Margin: 8.77%
Current Ratio: 0.56
Debt/Equity: 1.66
Total Debt: $5.98B
Free Cash Flow: $-529.22M
Revenue Growth: 9.20%
Earnings Growth: 190.90%
Enterprise Value: $11.96B

TXNM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.25B	$1.94B	$1.97B	$2.17B
Cost of Revenue	$1.14B	$893.87M	$677.73M	$814.38M
Gross Profit	$1.11B	$1.05B	$1.29B	$1.35B
Selling, General & Admin	$227.15M	$227.90M	$247.12M	$274.45M
Operating Expenses	$719.67M	$742.06M	$831.00M	$910.78M
Operating Income	$394.59M	$303.26M	$462.47M	$440.45M
EBITDA	$680.34M	$634.58M	$931.32M	$934.91M
Pretax Income	$211.31M	$90.53M	$280.24M	$180.01M
Income Tax	$26.13M	-$16.35M	$21.52M	$10.19M
Net Income	$170.06M	$88.35M	$242.68M	$151.89M
Diluted EPS	1.97	1.02	2.67	1.48
Diluted Shares	86.17M	86.37M	90.69M	102.39M

TXNM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.08M	$2.21M	$4.50M	$18.26M
Receivables	$269.81M	$273.57M	$244.45M	$282.21M
Inventory	$66.73M	$98.03M	$166.86M	$181.32M
Current Assets	$410.98M	$475.54M	$498.84M	$564.66M
Total Assets	$9.26B	$10.25B	$11.21B	$12.06B
Current Liabilities	$890.37M	$1.23B	$1.78B	$1.02B
Long-Term Debt	$3.89B	$4.24B	$4.31B	$5.12B
Total Debt	$4.37B	$4.96B	$5.80B	$5.71B
Total Liabilities	$7.00B	$7.84B	$8.62B	$8.60B
Retained Earnings	$828.88M	$787.11M	$887.65M	$866.90M
Shareholders' Equity	$2.20B	$2.36B	$2.55B	$3.42B
Working Capital	-$479.39M	-$755.22M	-$1.28B	-$452.88M
Net Debt	$4.31B	$4.78B	$5.53B	$5.58B

TXNM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$567.28M	$551.17M	$508.16M	$584.49M
Capital Expenditure	-$912.56M	-$1.08B	-$1.25B	-$1.20B
Free Cash Flow	-$345.27M	-$524.64M	-$738.88M	-$611.43M
Depreciation & Amortisation	$341.12M	$353.69M	$423.01M	$483.38M
Stock-Based Compensation	$7.83M	$7.19M	$9.48M	$8.72M
Investing Cash Flow	-$950.35M	-$1.09B	-$1.17B	-$1.22B
Financing Cash Flow	$386.04M	$537.10M	$684.35M	$642.52M
Dividends Paid	-$119.84M	-$126.70M	-$140.34M	-$163.37M
Share Repurchases	-$7.98M	-$9.65M	-$8.46M	-$11.97M
Net Change in Cash	$2.97M	-$135.00K	$18.14M	$9.87M

TXNM Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$502.42M	$647.16M	$533.23M	$504.98M	—
Cost of Revenue	$193.70M	$216.21M	$210.73M	$190.90M	—
Gross Profit	$308.72M	$430.95M	$322.50M	$314.09M	—
Selling, General & Admin	$102.45M	$68.44M	$69.25M	$92.80M	—
Operating Expenses	$236.02M	$228.81M	$228.78M	$237.08M	—
Operating Income	$72.70M	$202.14M	$93.72M	$77.01M	—
EBITDA	$220.30M	$351.25M	$171.70M	$202.02M	—
Pretax Income	$27.34M	$155.25M	-$16.39M	$8.00M	—
Income Tax	$1.33M	$18.95M	-$11.11M	-$9.00K	—
Net Income	$21.71M	$130.84M	-$9.71M	$3.87M	—
Diluted EPS	0.22	1.22	—	0.03	0.64
Diluted Shares	98.07M	107.42M	—	124.57M	111.35M

TXNM Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$6.05M	$22.17M	$32.07M	$18.26M	$5.62M
Receivables	$239.73M	$284.90M	$324.25M	$282.21M	$275.73M
Inventory	$168.24M	$171.17M	$172.99M	$181.32M	$189.51M
Current Assets	$489.41M	$573.73M	$595.44M	$564.66M	$562.22M
Total Assets	$11.39B	$11.68B	$11.97B	$12.06B	$12.14B
Current Liabilities	$1.69B	$1.12B	$1.18B	$1.02B	$1.02B
Long-Term Debt	$4.58B	$4.78B	$4.68B	$5.12B	$5.11B
Total Debt	$6.12B	$5.80B	$5.71B	$5.71B	$5.73B
Total Liabilities	$8.83B	$8.45B	$8.50B	$8.60B	$8.61B
Retained Earnings	$857.81M	$879.39M	$924.21M	$866.90M	$823.87M
Shareholders' Equity	$2.52B	$3.18B	$3.43B	$3.42B	$3.48B
Working Capital	-$1.20B	-$546.67M	-$580.78M	-$452.88M	-$460.69M
Net Debt	$5.84B	$5.52B	$5.36B	$5.58B	$5.67B

TXNM Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$141.26M	$3.54M	$282.00M	$157.70M	$153.19M
Capital Expenditure	-$342.62M	-$266.18M	-$277.31M	-$309.81M	-$312.72M
Free Cash Flow	-$201.37M	-$262.64M	$4.68M	-$152.11M	-$159.53M
Depreciation & Amortisation	$114.30M	$120.94M	$125.85M	$122.28M	$125.43M
Stock-Based Compensation	$2.97M	$2.29M	$1.41M	$2.04M	$5.11M
Investing Cash Flow	-$345.01M	-$266.29M	-$279.22M	-$326.63M	-$315.35M
Financing Cash Flow	$197.56M	$284.38M	-$314.00K	$160.90M	$142.05M
Dividends Paid	-$37.89M	-$37.89M	-$43.07M	-$44.52M	-$46.15M
Share Repurchases	-$6.31M	-$1.94M	-$184.00K	-$3.54M	-$5.38M
Net Change in Cash	-$6.19M	$21.63M	$2.46M	-$8.03M	-$20.12M

Market Snapshot

About

TXNM Energy is a holding company that provides electricity generation, transmission, and distribution services in Texas and New Mexico. The company operates through its regulated utility subsidiaries, serving residential, commercial, and industrial customers.