TXNM Energy Q2 Earnings More Than Double; TNMP Rate Settlement Approved
TXNM is trading near its 52-week low of $55.64 (4.2% above the low) on light trading volume (0.3× avg).
Summary
TXNM Energy reported Q2 2026 GAAP EPS of $0.64, up from $0.22, and ongoing EPS of $0.58, up from $0.25. TNMP's rate settlement was approved, and PNM filed a resource plan. The Blackstone merger closing is now expected in the first half of 2027.
Key Events · Earnings and Guidance · TXNM
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Q2 Earnings Surge
GAAP diluted EPS of $0.64 vs $0.22 in Q2 2025; ongoing EPS of $0.58 vs $0.25. Higher retail load at PNM and TNMP, rate relief, and lower interest expense drove the increase.
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TNMP Rate Settlement Approved
PUCT approved TNMP's rate settlement on July 30, 2026, with a $2.8 billion rate base, 9.65% ROE, and 45% equity ratio. Final rates effective September 13, 2026.
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PNM Resource Plan Filed
PNM filed its 2029-2032 Resource Portfolio Application, proposing 800 MW wind, 240 MW solar, 610 MW battery storage, 40 MW gas expansion, and exit from Four Corners in 2031 to address load growth.
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Merger Timeline Extended
Blackstone acquisition termination date extended to May 31, 2027; closing expected in first half of 2027, pending NMPRC and federal approvals.
Analysis · TXNM · Energy & Transportation
TXNM Energy's Q2 2026 GAAP EPS of $0.64 nearly tripled from $0.22 a year ago, driven by higher retail load and rate relief at both PNM and TNMP. Ongoing EPS of $0.58 also more than doubled. The PUCT approved TNMP's rate settlement on July 30, locking in a $2.8 billion rate base and 9.65% ROE, which supports earnings visibility. PNM filed a resource plan to address load growth and exit coal by 2031. The Blackstone merger timeline was extended to May 2027, with closing expected in the first half of 2027. These results and regulatory wins strengthen the company's financial position amid the pending acquisition.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 35.6% of the 1100 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TXNM was trading at $57.97 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $55.64 to $59.53. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.