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AI brief of an SEC Form 8-K · TXNM Energy (TXNM)

TXNM Energy 2025 GAAP EPS falls to $1.48 from $2.67; ongoing EPS $2.33 vs $2.74

Mixed Impact 3 of 5 earnings Written later

TXNM Energy reported 2025 results on February 27, 2026. Electric operating revenues rose to $2.17 billion from $1.97 billion, but GAAP net earnings attributable to TXNM fell to $151.4 million from $242.2 million, and ongoing EPS dropped to $2.33 from $2.74. The company will not issue 2026 earnings guidance while its proposed $61.25-per-share acquisition by Blackstone Infrastructure is pending.

Key points

  • GAAP diluted EPS was $1.48 in 2025 versus $2.67 in 2024; ongoing diluted EPS was $2.33 versus $2.74.
  • Electric operating revenues were $2.17 billion in 2025 versus $1.97 billion in 2024.
  • GAAP 2025 results included a $58.8 million pension settlement charge and $43.1 million of costs related to the planned transaction.
  • No 2026 earnings guidance will be issued during the Blackstone transaction; closing is expected in the second half of 2026.

The filing

CompanyTXNM Energy (TXNM)
Form8-K, current report
Filed with the SECFeb 27, 2026, 7:03 AM ET
Accession number0001108426-26-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.