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TXNM Energy, Inc.
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🏹 Trader: 🎯 Near 52W High 💎 VCP Breakout | BRS 75 Ready View all →
$6.0B
Market Cap
39.8
P/E
2.86
PEG
4.8%
ROCE
5.6%
ROE
1.66
D/E
20.4%
OPM
-0.7%
% from 52W High
61
α RS
🔍 TXNM is showing a multi-screen setup because it matches 5 of 39 tracked screener presets, Sector RRG has Utilities in the Leading quadrant with the trail still strengthening, RS Rating is 61, and it has maintained a 21-day Near 52-Week High momentum persistence. The main caution: the Rising Margins preset's Backtest win rate is only 42.4%. Net: Mixed signal stack, not a recommendation. ? Conviction RRG RS Rating Momentum Streaks Backtest
Sources
Conviction 5/39 · Utilities in Leading quadrant · RS Rating 61 · Near 52-Week High streak: 21d · Backtest win rate 42.4%
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🌏 Global Investor Returns
Currency-adjusted total returns for TXNM including FX impact
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📈 Price History
Ratio Health
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About

TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding TXNM
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 150.5K $8.8M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED TXNM Energy Q1 2025: EPS $0.19, affirms $2.74-$2.84 guidance, 7%-9% long-term growth.
Revenue & Profitability
Ongoing earnings for Q1 2025 were $0.19 per share, consistent with expectations reflecting the absence of new PNM rates until the second half. The company affirmed its 2025 guidance range of $2.74-$2.84 per share and maintained a long-term EPS growth target of 7%-9%. Earnings benefited from TNMP recovery mechanisms and retail load growth, offset by lower transmission margins, higher insurance premiums, and planned outage costs.
Outlook
Management sees strong growth drivers in Texas, including a new system peak in Q1 (22% higher than prior year) and data center load which added 70 MW in Q1 and is expected to add another 150 MW by year-end. Interconnection requests were up 6% year-over-year. In New Mexico, increased economic development interest and the passage of site readiness bills are expected to accelerate infrastructure build-out. ERCOT load forecasts support the company's growth plans.
Growth Drivers
Key growth levers include: (1) TNMP's demand-based load growth of 9.7% driven by commercial and data center customers in North and West Texas; (2) TNMP's system resiliency plan authorizing $546 million in capital improvements through 2027; (3) PNM's rate case progress with an unopposed stipulation and a resource filing for 450 MW (including 150 MW solar and storage); and (4) the Permian Basin reliability study requiring $750 million in TNMP investment by 2030.
Balance Sheet & CapEx
The five-year capital plan remains unchanged from the February update, with TNMP investments growing from $600 million in 2025 to over $1 billion starting in 2028. TNMP's share of Permian Basin projects is approximately $750 million by 2030, with CCN applications expected in Q1 2026. PNM's current plan includes $185 million in transmission, but a 20-year study indicates about $4 billion in statewide transmission needs. An RFP for 500-2,900 MW of resources (2029-2032) is ongoing, with a filing expected in early 2026.
Margins
Not discussed in detail; however, management noted that depreciation, property tax, and interest expense from new investments increased year-over-year. The company's earnings power slide supports the upper half of the 7%-9% EPS growth target through 2029, implying margin improvement from rate base growth and regulatory mechanisms.
Key Risks
Risks flagged include: wildfire liability and the need for clearer utility responsibility (New Mexico wildfire task force created to address this); tariff impacts on capital plans (estimated ~2% impact); regulatory lag, especially at PNM where new rates are not yet implemented; and execution risk on the $750 million Permian Basin projects and timing of CCN filings. Refinancing of holding company debt with equity-like securities is also a focus.
Generated by AI · Q1 2025 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2025 Q1 2025 2025-05-09
Q1 2025 EPS was $0.19, matching expectations, with strong demand growth at TNMP and regulatory progress in both Texas and New Mexico. 2025 EPS guidance of $2.74-$2.84 and a 7%-9% long-term growth target were reaffirmed, while capital plans remain unchanged.
Q4 2024 Q4 2024 2025-02-21
2024 EPS reached $2.74, at the high end of guidance, with 2025 guidance set at $2.74–$2.84. The five-year capital plan increased to $7.8 billion, targeting 7%-9% EPS growth, driven by strong Texas demand, regulatory settlements, and major grid investments.
Q3 2024 Q3 2024 2024-11-01
Q3 EPS was $1.43, with full-year guidance narrowed to $2.70–$2.75 and a 6%–7% EPS growth target through 2028. Major grid modernization and resiliency investments are underway, supported by positive regulatory outcomes and DOE funding, with incremental CapEx expected from ERCOT projects.
Q2 2024 Q2 2024 2024-07-31
Q2 2024 EPS rose to $0.60, exceeding expectations, with 2024 guidance reaffirmed at $2.65-$2.75. Major investments in resiliency and infrastructure are planned, including a $600 million Texas filing and new battery storage, while strong demand growth continues in both Texas and New Mexico.
Q1 2024 Q1 2024 2024-04-30
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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