TXNM ENERGY INC — Form 8-K
Filed October 30, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
TXNM Energy reported Q3 2026 GAAP EPS of $1.50 (vs. $1.22 prior year) and ongoing EPS of $1.62 (vs. $1.33). The pending $61.25/share Blackstone Infrastructure acquisition—announced May 2025, shareholder-approved August 2025—has now cleared FERC, PUCT, FCC, Hart-Scott-Rodino, and NRC; only New Mexico PRC approval remains, with evidentiary hearings scheduled January–February 2027. Company expects closing in H1 2027. TNMP filed a Unified Tracker Mechanism seeking $77.9M DCRF and $27.0M TCOS incremental rate increases for July 2025–June 2026; PNM filed a $595M transmission project application (345 kV line, station expansions).
Why this rating
Earnings beat modest (22% YoY EPS growth). Blackstone deal is 98% regulatory-approved but uncertain closure timing. Rate applications and capex plans are routine utility operations.
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