TXNM Energy, Inc.
TXNM
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- TXNM Energy, Inc. operates in a stable industry with regulated electric utilities, providing a consistent revenue stream and potential for growth as demand for electricity increases.
- Revenue increased by 9% compared to the prior quarter, reaching $549 million.
- Operating margin expanded to 22.5%, reflecting improved operational efficiency.
- The company's high debt-to-equity ratio of 165.51 raises concerns about financial stability and potential risks in a rising interest rate environment.
- Free cash flow is negative at -$529.2 million, indicating challenges in generating cash from operations.
- Net income for the most recent quarter was only $3.87 million, a significant drop from the previous quarter's $130.84 million.
Fundamentals
| Market cap | $6.45B | Enterprise value | $12.06B | Trailing P/E | 33.67 | Forward P/E | 18.02 |
| PEG | 2.55 | Price / book | 1.83 | Beta | 0.17 | Dividend yield | 2.88% |
| Revenue growth | 9.2% | Earnings growth | 190.9% | Gross margin | 59.4% | Operating margin | 22.5% |
| Profit margin | 8.8% | ROE | 6.3% | ROA | 2.3% | Debt / equity | 1.66 |
| Current ratio | 0.56 | Free cash flow | -$529.22M | Analyst recommendation | none | Mean target | $60.70 |
| 52w high | $59.53 | 52w low | $55.64 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $549M | $505M | $533M | $647M | $502M | — |
| Op margin | 22.5% | 15.3% | 17.6% | 31.2% | 14.5% | — |
| Net income | $71.4M | $3.9M | -$9.7M | $131M | $21.7M | — |
| Gross margin | 65.5% | 62.2% | 60.5% | 66.6% | 61.4% | — |
| Gross profit | $359M | $314M | $323M | $431M | $309M | — |
| Operating income | $123M | $77.0M | $93.7M | $202M | $72.7M | — |
- Revenue +9% vs prior quarter ($549M vs $505M).
- Gross margin 65.5% (was 62.2% prior quarter).
- Operating margin expanded to 22.5%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $1.9B | $2.2B | — |
| Op margin | 20.3% | 23.5% | 15.6% | 17.5% | — |
| Net income | $152M | $243M | $88.3M | $170M | — |
| Gross margin | 62.4% | 65.6% | 53.9% | 49.5% | — |
| Gross profit | $1.4B | $1.3B | $1.0B | $1.1B | — |
| Operating income | $440M | $462M | $303M | $395M | — |
Headlines — watch
• [WARN · balance sheet] TXNM (TXNM) Prices a $400M Equity Offering to Repay Term Debt. Does Balance-Sheet Repair Justify the Dilution Before Its
News
2026-10-08 · Why TXNM Energy (TXNM) Is Getting Attention Today
2026-10-08 · TXNM Energy (TXNM) Stock Trades At A Premium After Its 48% Run
2026-09-22 · TXNM Energy Board Declares Quarterly Common Stock Dividend
2026-09-20 · TXNM Energy (TXNM) Expands Its Grid Plans, Is The Upside Already Priced In?
2026-09-20 · New Mexico investment officials push hard against calls for PNM stock purchase
2026-09-18 · 3 Alternative-Energy Stocks That Could Withstand Fed's Rate Hike
2026-09-16 · Amid troubled PNM takeover, Blackstone proposes revised higher rate credit
2026-09-16 · PNM, Blackstone double ratepayer credits in merger application
2026-09-15 · Sector Update: Energy
2026-09-15 · TXNM Energy, Blackstone Infrastructure File Motion With NMPRC to Submit Revised Merger Application
2026-09-14 · Blackstone-TXNM deal faces fresh questions from New Mexico DOJ
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