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TXNM Energy’s TNMP Subsidiary Issues $70M Mortgage Bonds

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TXNM Energy’s TNMP Subsidiary Issues $70M Mortgage Bonds

TipRanks Black Friday Sale

TXNM Energy ( (TXNM) ) just unveiled an announcement.

On November 18, 2025, TXNM Energy‘s subsidiary, TNMP, agreed to issue $70 million in First Mortgage Bonds due in 2031, with a 4.69% interest rate, in a private placement to institutional investors. The proceeds will be used for repaying short-term debt and other corporate purposes, with the bonds secured by a first mortgage lien on TNMP’s property. The issuance is subject to customary conditions and includes provisions for default and bond repurchase events.

The most recent analyst rating on (TXNM) stock is a Hold with a $60.00 price target. To see the full list of analyst forecasts on TXNM Energy stock, see the TXNM Stock Forecast page.

Spark’s Take on TXNM Stock

According to Spark, TipRanks’ AI Analyst, TXNM is a Neutral.

TXNM Energy’s overall stock score reflects solid financial performance with strong revenue growth and improved debt management. However, challenges such as declining net profit margins, negative free cash flow, and a high P/E ratio weigh on the score. The technical indicators suggest a positive trend, but the overbought condition indicates caution. The absence of recent earnings call insights or notable corporate events means these factors do not influence the score.

To see Spark’s full report on TXNM stock, click here.

More about TXNM Energy

TXNM Energy, Inc., through its subsidiary Texas-New Mexico Power Company (TNMP), operates in the energy sector, focusing on the provision of electricity services.

Average Trading Volume: 844,105

Technical Sentiment Signal: Buy

Current Market Cap: $6.3B

See more insights into TXNM stock on TipRanks’ Stock Analysis page.

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