TXNM Energy is a regulated electric utility holding company serving customers mainly in New Mexico and Texas through subsidiaries such as Public Service Company of New Mexico and Texas-New Mexico Power. It generates, transmits and distributes electricity under utility regulation, with a mix of generation resources and grid infrastructure. Its business is defined by long-lived regulated assets, rate cases and serving residential, commercial and industrial load in the Southwest U.S.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 502.4 | — | 21.6 | — |
| Q3 2025 | 647.2 | — | 130.7 | 1% |
| Q4 2025 | 533.2 | — | -9.8 | -136.4% |
| Q1 2026 | 505 | — | 3.7 | -79% |
| Q2 2026 | 548.5 | 9.2% | 71.3 | 230.3% |
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