TXNM Energy (TXNM) Stock Price & Analysis
TXNM Stock Chart & Stats
- Day’s Range
- MXN 1,082.21 - MXN 1,082.21
- 52-Week Range
- MXN 1,020.00 - MXN 1,082.21
- Previous Close
- MXN 1,082.21
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- MXN 120.82B
- Enterprise Value
- MXN 12.33B
- Total Cash (Recent Filing)
- MXN 0
- Total Debt (Recent Filing)
- MXN 405.62M
- Price to Earnings (P/E)
- 27.4
- Beta
- 0.09
- Next Earnings
- Feb 19, 2027 (Est.)
- EPS Estimate
- 6.77
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.90%
Bulls Say, Bears Say
Bulls Say
Regulated Utility Infrastructure
TXNM operates essential electricity transmission and distribution businesses in regulated service territories, creating a durable operating framework. Commission oversight supports recovery of prudently incurred costs and approved investment returns, while critical infrastructure demand can underpin long-term customer and rate-base economics.
Improved Profitability
The substantial improvement in net margin indicates stronger recent profitability and better earnings conversion at the reported income level. If maintained through the regulated operating model, higher margins can support internal funding, strengthen financial resilience, and improve the returns generated from ongoing utility investment.
Lower Current Leverage
Current leverage is materially lower than the company’s prior reported levels, improving balance-sheet flexibility and reducing reliance on debt funding. The refinancing activity also supports this direction by replacing borrowings with equity capital, potentially lowering interest pressure and strengthening capacity for future investment.
Bears Say
Persistent Negative Free Cash Flow
Sustained negative free cash flow shows that operating cash generation has not covered the company’s ongoing investment requirements. This can limit internally funded growth, increase dependence on external financing, and leave less flexibility for debt reduction or other capital-allocation priorities over the coming quarters.
Sharp Revenue Decline
The sharp TTM revenue contraction creates a weaker and more volatile growth profile despite improved margins. A declining top line can constrain earnings expansion, reduce operating leverage, and make future performance more dependent on regulatory approvals, customer load trends, and cost management rather than broad revenue growth.
Merger Approval Uncertainty
The pending acquisition remains subject to a multi-stage regulatory process, and the company states that the outcome cannot be predicted. Continued uncertainty around approval and timing can complicate strategic planning, financing decisions, and stakeholder expectations while leaving the proposed transaction unresolved.
TXNM FAQ
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TXNM Energy Stock Smart Score
Company Description
TXNM Energy
TXNM Energy, Inc., through its various subsidiaries, supplies electricity and related services across the United States. Its operations are organized into two main divisions: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment is responsible for producing, transmitting, and distributing electrical energy. This division either owns or leases essential assets, including communication systems, office and other equipment, office spaces, vehicles, and real estate. PNM generates electricity from a diverse portfolio of sources such as coal, natural gas, oil, nuclear fuel and waste, alongside renewables like solar, wind, geothermal, and battery storage. In contrast, the TNMP segment focuses on providing regulated transmission and distribution infrastructure. It also maintains a fleet of vehicles, service facilities, and office locations, which are either owned or leased throughout its service area. The company delivers power to residential, commercial, and industrial consumers, as well as other electricity end-users in New Mexico and Texas. Originally established in 1882 and headquartered in Albuquerque, New Mexico, the company adopted its current name, TXNM Energy, Inc., in August 2024, having previously operated as PNM Resources, Inc.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Joseph D. Tarry
- Employees
- 1,755
- Website
- www.txnmenergy.com
- Address
- 414 Silver Avenue SW, Albuquerque, NM, 87102-3289, US
TXNM Energy (TXNM) Earnings & Revenues
TXNM Earnings Call
Earnings Call SentimentPositive
The earnings call presented a generally positive outlook with strong growth metrics, successful regulatory approvals, and supportive legislative developments. However, challenges such as transmission pressures, insurance costs, and ongoing regulatory lag concerns were noted.
View all MX:TXNM earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 3 | 3 |
| Technical Analysis | 2 | 3 | 3 |
| Moving Averages | 12 | 0 | 0 |
