NYSE$TXNM

TXNM Energy Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

TXNM reported Q3 2025, revenue of $647.2M, net income of $130.7M, diluted EPS of $1.22.

For Q3 2025, TXNM reported revenue of $647.2M, net income of $130.7M, diluted EPS was $1.22. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $647.2M.
  • Net income $130.7M.
  • Diluted EPS $1.22.

Headline financials

Total Revenue

$647M

Previous: $569M+13.7%
EPS (adj)

$1.22

Previous: $1.45-15.9%
GAAP Net Earnings

$131M

Previous: $131M-0.4%
GAAP Diluted EPS

$1.22

Previous: $1.45-15.9%
Ongoing Net Earnings

$143M

Previous: $129M+10.4%
Ongoing Diluted EPS

$1.33

Previous: $1.43-7.0%
Electric Operating Revenues

$647M

Previous: $569M+13.7%
Cost of Energy

$195M

Previous: $139M+40.4%
Administrative and General

$68.4M

Previous: $64.8M+5.6%
Energy Production Costs

$21.2M

Previous: $21.3M-0.4%
Depreciation and Amortization

$105M

Previous: $97.4M+7.8%
Transmission & Distribution Costs

$27.2M

Previous: $23.7M+14.8%
Taxes Other Than Income Taxes

$28.2M

Previous: $26M+8.5%
Total Operating Expenses

$444M

Previous: $378M+17.5%
Interest Income

$6.5M

Previous: $8.67M-25.1%
Gains on Investment Securities

$11.4M

Previous: $13.8M-17.4%
Other Income

$7.69M

Previous: $7.95M-3.3%
Other Deductions

$3.03M

Previous: $1.99M+52.3%
Net Other Income and Deductions

$22.5M

Previous: $28.4M-20.7%
Interest Charges

$70.1M

Previous: $59.7M+17.6%
Earnings Before Income Taxes

$155M

Previous: $160M-2.9%
Income Taxes

$18.9M

Previous: $23.4M-19.1%
Valencia Non-controlling Interest

$5.46M

Previous: $5.06M+7.9%
Preferred Stock Dividends

$132K

Previous: $132K+0.0%
Net Earnings Per Share - Basic

$1.22

Previous: $1.45-15.9%
Net Earnings Per Share - Diluted

$1.22

Previous: $1.45-15.9%
Dividends Declared per Share

$0.41

Previous: $0.39+5.2%
Average Diluted Shares Outstanding

107.4M

Previous: 90.6M+18.6%
Net Income

$136M

Previous: $136M-0.1%
Operating Income

$203M

Previous: $191M+6.2%
Gross Profit

$203M

Previous: $297M-31.8%

Revenue & EPS history

PNM Resources · Revenue · Quarterly

$647M

Q3 2025+13.7%vs Q3 2024
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

PNM Resources · $122M total across 3 segments · Q3 2022

  • PNM
    $97.5M
  • TNMP
    $31.4M
  • Corporate and Other
    -$6.47M

Forward guidance

The release discusses TXNM's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • TXNM cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.1%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+9.2%

Q4 2010

Best reaction

-4.2%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+0.2%+0.4%
Q4 2025-0.2%-0.3%-1.4%
Q3 2025+0.1%+0.2%+2.9%
Q1 2025+0.5%+0.8%+7.7%
Q4 2024+3.3%+0.5%+5.0%
Q3 2024-2.3%+3.3%+12.7%
Q2 2024+1.3%-3.4%-1.6%
Q1 2024+0.9%+1.9%+0.8%
Q4 2023+6.4%+6.5%+8.6%
Q3 2023-2.8%-3.6%-4.0%
Q2 2023+0.0%-0.4%-0.4%
Q1 2023+1.2%+0.4%-2.5%
Q4 2022-0.3%-1.2%-1.3%
Q3 2022+0.1%+1.1%+4.6%
Q2 2022-0.8%-0.5%-1.8%
Q1 2022-2.3%-3.6%-0.6%
Q4 2021-0.0%+1.5%+5.5%
Q3 2021-0.1%-2.7%-0.3%
Q2 2021+0.0%-0.5%+2.8%
Q1 2021-0.1%-0.3%-0.9%
Q4 2020-0.2%-2.2%+2.0%
Q3 2020-0.0%-0.0%-1.5%
Q2 2020-0.1%+0.5%+4.3%
Q1 2020-3.3%-7.2%-23.2%
Q4 2019-0.0%+5.1%-20.1%
Q3 2019-3.3%-5.8%-7.1%
Q2 2019-3.7%-1.9%+1.1%
Q1 2019-2.4%+1.2%+5.1%
Q4 2018-1.5%+0.9%+6.7%
Q3 2018+4.4%+4.2%+10.3%
Q2 2018+2.0%+3.9%+2.9%
Q1 2018-0.1%-1.9%-0.3%
Q4 2017-3.0%-1.2%+5.4%
Q3 2017+1.8%+0.8%+5.6%
Q2 2017+1.0%+2.3%+8.5%
Q1 2017-2.0%-2.5%-0.1%
Q4 2016+0.6%+0.7%+2.6%
Q3 2016+3.6%+0.8%+3.9%
Q2 2016+1.7%+3.1%-0.2%
Q1 2016+2.9%
Q4 2015-4.0%
Q3 2015+1.2%
Q2 2015+1.8%
Q1 2015+0.6%
Q4 2014-1.3%
Q3 2014+1.8%
Q2 2014-2.9%
Q1 2014-4.2%
Q4 2013+2.1%
Q3 2013-0.8%
Q2 2013+1.2%
Q1 2013-0.8%
Q4 2012+1.9%
Q3 2012-3.0%
Q2 2012-0.3%
Q1 2012-1.4%
Q4 2011+2.2%
Q3 2011+1.0%
Q2 2011+2.0%
Q1 2010+1.6%
Q1 2011-1.6%
Q4 2008+9.2%
Q4 2010+9.2%
Q3 2009+2.2%
Q3 2010+2.2%
Q2 2010+0.4%
Q2 2009+0.4%
Q4 2009+0.4%

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