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

TXNM Energy Q3 GAAP EPS rises to $1.50 from $1.22; ongoing EPS $1.62 vs $1.33

Positive Impact 3 of 5 earnings

TXNM Energy reported third quarter 2026 GAAP earnings of $1.50 per diluted share, up from $1.22 a year earlier, and ongoing earnings of $1.62 per diluted share, up from $1.33. The company will not issue earnings guidance while its proposed acquisition by Blackstone Infrastructure is pending, and it expects the deal to close in the first half of 2027, subject to New Mexico regulatory approval.

Key points

  • Q3 2026 GAAP net earnings attributable to TXNM were $163.4 million, versus $130.7 million in Q3 2025.
  • Q3 2026 electric operating revenues were $733.3 million, versus $647.2 million in Q3 2025.
  • Q3 2026 GAAP earnings included $14.7 million of net unrealized losses on investment securities and $9.3 million of merger-related costs.
  • The Blackstone deal price is $61.25 per share; the NMPRC evidentiary hearings are scheduled for January 19 through February 1, 2027.

The filing

CompanyTXNM Energy (TXNM)
Form8-K, current report
Filed with the SECOct 30, 2026, 7:07 AM ET
Accession number0001108426-26-000068

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.