Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 2.03B | 1.97B | 1.94B | 2.25B | 1.78B | 1.52B |
Gross Profit | 1.30B | 1.29B | 1.05B | 1.11B | 991.09M | 937.79M |
EBITDA | 927.32M | 929.21M | 634.58M | 682.44M | 663.84M | 639.95M |
Net Income | 177.94M | 242.68M | 88.35M | 170.06M | 196.36M | 173.30M |
Balance Sheet | ||||||
Total Assets | 11.68B | 11.21B | 10.25B | 9.26B | 8.67B | 7.94B |
Cash, Cash Equivalents and Short-Term Investments | 22.17M | 4.50M | 2.21M | 4.08M | 1.10M | 47.93M |
Total Debt | 5.80B | 5.80B | 4.96B | 4.37B | 3.84B | 3.44B |
Total Liabilities | 8.45B | 8.62B | 7.84B | 7.00B | 6.43B | 5.82B |
Stockholders Equity | 3.18B | 2.55B | 2.36B | 2.20B | 2.18B | 2.06B |
Cash Flow | ||||||
Free Cash Flow | -790.59M | -738.88M | -524.64M | -345.27M | -387.14M | -193.33M |
Operating Cash Flow | 483.43M | 508.16M | 551.17M | 567.28M | 547.87M | 485.70M |
Investing Cash Flow | -1.31B | -1.17B | -1.09B | -950.35M | -952.26M | -733.80M |
Financing Cash Flow | 839.95M | 684.35M | 537.10M | 386.04M | 357.56M | 292.19M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
74 Outperform | $4.64B | 15.59 | 8.02% | 4.70% | 9.78% | -6.19% | |
71 Outperform | $6.84B | 22.32 | 9.31% | 2.72% | -0.48% | 6.40% | |
68 Neutral | $5.97B | 29.19 | 6.36% | 2.84% | 10.23% | 114.67% | |
67 Neutral | $17.66B | 18.13 | 5.33% | 3.62% | 7.33% | 12.21% | |
65 Neutral | $1.61B | 9.31 | 9.38% | 3.34% | -9.20% | -53.99% | |
61 Neutral | $4.87B | 33.53 | 2.89% | 6.44% | -19.56% | -83.31% | |
42 Neutral | $10.97B | ― | -11.34% | ― | ― | 92.00% |
On August 15, 2025, TXNM Energy, Inc. entered into a Distribution Agreement with several financial institutions, allowing the company to sell up to $200 million of its common stock through various sales methods, including at-the-market offerings. This agreement, along with potential forward stock purchase transactions, aims to provide TXNM Energy with strategic financial flexibility, though actual sales will depend on market conditions and other factors. The company is not obligated to sell shares, and the agreement can be terminated by either party with prior notice.
On July 22, 2025, Texas-New Mexico Power Company repaid and terminated a $1.505 billion 364-day delayed-draw term loan credit facility with Wells Fargo Bank, National Association, acting as the administrative agent. This repayment and termination of the loan facility may impact the company’s financial operations and its positioning within the energy industry, potentially affecting stakeholders involved.
On July 21, 2025, Texas-New Mexico Power Company (TNMP), a subsidiary of TXNM Energy, issued a series of First Mortgage Bonds totaling $1,084,300,000 in a private placement to institutional accredited investors. The proceeds from these bonds will be used to repay short-term debt and fund general corporate purposes, including capital expenditures. The bonds are secured by a first mortgage lien on TNMP’s property and include various terms and conditions, such as prepayment options and events of default. The issuance of these bonds is a strategic move to strengthen TNMP’s financial position and support its operational and capital expenditure plans.
On June 24, 2025, TXNM Energy entered into a Stock Purchase Agreement with Zimmer Partners and other purchasers to issue 3,615,003 shares of common stock for approximately $200 million. The proceeds will be used for general corporate purposes. The agreement includes provisions for voting on a merger with Troy ParentCo LLC, making TXNM a wholly-owned subsidiary of Blackstone Infrastructure Partners’ affiliate. The shares will be listed on the NYSE, and there are restrictions on their sale until August 15, 2025.
On June 14, 2025, Texas-New Mexico Power Company (TNMP) concluded its offer to prepay $1,505,000,000 in First Mortgage Bonds, which was initially announced on May 19, 2025. The offer resulted in $1,084,300,000 worth of bonds being validly tendered and accepted for purchase, with holders receiving the full principal amount plus accrued interest, impacting TNMP’s financial operations by reducing its outstanding bond liabilities.
On May 23, 2025, TXNM Energy, Inc. made significant amendments to its credit agreements, including its $300 million revolving credit agreement and $500 million term loan agreement, to redefine ‘Change of Control’ and waive defaults related to its merger agreement with Troy ParentCo LLC. Additionally, Texas-New Mexico Power Company amended its $200 million revolving credit agreement to prevent a Bond Repurchase Event for its $1.505 billion First Mortgage Bonds. The termination of TXNM’s $910 million Merger Backstop Revolving Facility followed these amendments, as the necessary waivers were obtained.
On May 18, 2025, TXNM Energy announced an agreement to be acquired by Blackstone Infrastructure for $61.25 per share, valuing the company at $11.5 billion. The merger, expected to close in the second half of 2026, aims to provide long-term capital to support TXNM’s growth in New Mexico and Texas. TXNM will remain locally managed, with commitments to retain its workforce and honor union agreements. The transaction has been unanimously approved by TXNM’s board and awaits regulatory approvals. The acquisition is expected to enhance TXNM’s infrastructure investments and align with its long-term financing strategy, benefiting stakeholders and supporting economic development in the region.