EarningsQ1 2025 Earnings Report

TXNM Energy (TXNM) Q1 2025 Earnings Report

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Previous Report: Q4 2024

Next Report: Q2 2025

MX:TXNM Q1 2025 EPS Results

Actual EPS$3.41

Consensus EPS$3.57

Beat/MissMissed by -$0.16

One Year Ago EPS$7.36

MX:TXNM Q1 2025 Revenue Results

Actual Revenue$8.67B

Expected Revenue$7.85B

Beat/MissBeat by +$825.84M

YoY Revenue Growth+10.51%

Earnings Announcement Details

QuarterQ1 2025

Date05/09/2025

TimeBefore Open

Conference CallFriday, May 9, 2025

MX:TXNM Upcoming Earnings

TXNM Energy's next earnings date is estimated for October 30, 2026, based on past reporting schedules.

Q1 2025 Earnings Call Audio

MX:TXNM Q1 2025 Earnings Call

0:00 / 0:00

Q1 2025 Earnings Slide Deck

Q1 2025 Earnings Call Summary

Q1 2025

Earnings Call Date:May 09, 2025|

% Change Since:

Earnings Call Sentiment|Positive

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.

Company Guidance

During the TXNM Energy Q1 2025 Conference Call, the company reaffirmed its guidance for 2025 with an earnings per share (EPS) range of $2.74 to $2.84, alongside a long-term EPS growth target of 7% to 9%. The company reported ongoing earnings of $0.19 per share for the first quarter, highlighting progress in regulatory approvals and capital investments. TXNM Energy's system resiliency plan, approved for $546 million, and the Permian Basin Reliability Study, involving a $750 million investment by 2030, were key highlights. The company noted a 22% increase in TNMP's system peak and a 9.7% growth in demand-based load, largely driven by commercial growth in North and West Texas. The legislative environment was favorable, with new bills passed to support infrastructure development and wildfire prevention. TXNM Energy plans to maintain its five-year capital plan, increasing from $600 million in 2025 to over $1 billion by 2028, to support a 17% rate base growth.

Ongoing Earnings and Growth Targets

Ongoing earnings for Q1 were $0.19, in line with expectations, affirming guidance for 2025 at $2.74 to $2.84 per share with a long-term EPS growth target of 7% to 9%.

System Resiliency Plan Approval

Approval to invest and recover $546 million in capital improvements, enhancing system protection and response to extreme weather events.

TNMP System Peak and Load Growth

TNMP set a new system peak, 22% higher than last year's Q1, driven by a 9.7% increase in demand-based load, particularly in North and West Texas.

Legislative Support in New Mexico

Key bills passed to expedite infrastructure development, creating a wildfire task force, and allowing for site readiness to attract new businesses.

Regulatory Success at TNMP and PNM

Approval of $83 million transmission rate base investments and $176 million distribution rate-based investments, along with positive outcomes in rate reviews and resource filings.

MX:TXNM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 30, 2026	2026 (Q3)	27.66 / -	23.89	―
Jul 31, 2026	2026 (Q2)	10.06 / 10.42	4.491	132.00% (+5.93)
May 01, 2026	2026 (Q1)	5.44 / 3.77	3.413	10.53% (+0.36)
Feb 27, 2026	2025 (Q4)	11.53 / 8.62	5.389	60.00% (+3.23)
Oct 31, 2025	2025 (Q3)	27.21 / 23.89	25.686	-6.99% (-1.80)
Aug 01, 2025	2025 (Q2)	7.40 / 4.49	10.777	-58.33% (-6.29)
May 09, 2025	2025 (Q1)	3.57 / 3.41	7.365	-53.66% (-3.95)
Feb 21, 2025	2024 (Q4)	5.30 / 5.39	3.233	66.67% (+2.16)
Nov 01, 2024	2024 (Q3)	25.36 / 25.69	27.662	-7.14% (-1.98)
Jul 31, 2024	2024 (Q2)	9.93 / 10.78	9.879	9.09% (+0.90)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed