NYSE : TXNM
TXNM Energy, Inc. — Financial statements
Utilities · Utilities - Regulated Electric · United States
Last price 58.38 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.43B
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Financial statements
TXNM Energy, Inc. (TXNM) reported revenue of 2.32B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.32B | 2.17B | 1.97B | 1.94B | 2.25B | 1.78B |
| Fuel & Purchased Power | 713.30M | 716.00M | 583.98M | 802.26M | 987.94M | 644.85M |
| Selling, General & Admin | 269.90M | 274.45M | 247.12M | 227.90M | 227.15M | 230.29M |
| Depreciation & Amortization | 450.14M | 425.64M | 384.93M | 319.50M | 304.85M | 284.11M |
| Other Operating Expenses | 380.49M | 368.03M | 299.84M | 360.97M | 338.34M | 315.99M |
| Total Operating Expenses | 1.81B | 1.78B | 1.52B | 1.71B | 1.86B | 1.48B |
| Operating Income | 506.23M | 381.48M | 455.34M | 228.57M | 391.27M | 304.63M |
| Interest Expense | -280.33M | -272.05M | -228.59M | -190.88M | -128.44M | -97.41M |
| Interest Income | 19.31M | 20.07M | 23.54M | 21.96M | 16.09M | 14.66M |
| Net Interest Expense | -261.02M | -251.99M | -205.06M | -168.92M | -112.34M | -82.74M |
| Other Non-Operating Income (Expenses) | 22.27M | 15.24M | 2.58M | 11.11M | 10.21M | 5.16M |
| EBT Excluding Unusual Items | 267.48M | 144.74M | 252.86M | 70.75M | 289.14M | 227.05M |
| Gain (Loss) on Sale of Investments | 6.64M | 34.75M | 26.85M | 19.25M | -78.36M | 16.85M |
| Pretax Income | 274.12M | 179.49M | 279.71M | 90.00M | 210.78M | 243.90M |
| Income Tax Expense | 28.54M | 10.19M | 21.52M | -16.35M | 26.13M | 32.58M |
| Earnings From Continuing Ops. | 245.58M | 169.30M | 258.19M | 106.35M | 184.65M | 211.32M |
| Minority Interest in Earnings | -17.00M | -17.94M | -16.04M | -18.53M | -15.12M | -15.49M |
| Net Income | 228.58M | 151.36M | 242.15M | 87.82M | 169.53M | 195.83M |
| Net Income to Common | 228.58M | 151.36M | 242.15M | 87.82M | 169.53M | 195.83M |
| Shares Outstanding (Basic) | 109.02M | 101.51M | 90.53M | 86.30M | 86.12M | 86.07M |
| Shares Outstanding (Diluted) | 111.31M | 102.39M | 90.59M | 86.37M | 86.17M | 86.11M |
| EPS (Basic) | 2.10 | 1.49 | 2.67 | 1.02 | 1.97 | 2.28 |
| EPS (Diluted) | 2.05 | 1.48 | 2.67 | 1.02 | 1.97 | 2.27 |
| Free Cash Flow | -602.59M | -611.43M | -738.88M | -524.64M | -345.27M | -387.14M |
| Free Cash Flow Per Share | -5.41 | -5.97 | -8.16 | -6.07 | -4.01 | -4.50 |
| Dividend Per Share | 1.69 | 1.65 | 1.57 | 1.49 | 1.41 | 1.33 |
| Profit Margin | 9.85% | 6.99% | 12.29% | 4.53% | 7.54% | 11.00% |
| Free Cash Flow Margin | -25.97% | -28.23% | -37.48% | -27.05% | -15.35% | -21.75% |
| EBITDA | 1.01B | 864.86M | 878.35M | 582.26M | 732.40M | 624.85M |
| EBITDA Margin | 43.46% | 39.94% | 44.56% | 30.03% | 32.56% | 35.11% |
| D&A For EBITDA | 502.12M | 483.38M | 423.01M | 353.69M | 341.12M | 320.21M |
| EBIT | 506.23M | 381.48M | 455.34M | 228.57M | 391.27M | 304.63M |
| EBIT Margin | 21.82% | 17.61% | 23.10% | 11.79% | 17.39% | 17.12% |
| Effective Tax Rate | 10.41% | 5.68% | 7.69% | 12.40% | 13.36% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 28.73M | 18.26M | 4.50M | 2.21M | 4.08M | 1.10M |
| Trading Asset Securities | 7.20M | 11.10M | ||||
| Accounts Receivable | 310.21M | 220.02M | 199.53M | 190.36M | 247.14M | 181.03M |
| Other Receivables | 68.31M | 62.20M | 44.92M | 83.21M | 22.67M | 23.66M |
| Inventory | 201.42M | 181.32M | 166.86M | 98.03M | 66.73M | 85.46M |
| Prepaid Expenses | 35.49M | 28.95M | 25.45M | 19.76M | 18.46M | 16.93M |
| Restricted Cash | 4.22M | 11.95M | 15.94M | 200.00K | 10.50M | 500.00K |
| Other Current Assets | 111.12M | 41.98M | 41.64M | 74.57M | 30.29M | 15.92M |
| Total Current Assets | 759.49M | 564.66M | 498.84M | 475.54M | 410.98M | 324.60M |
| Property, Plant & Equipment | 9.90B | 9.38B | 8.67B | 7.75B | 6.96B | 6.76B |
| Net Nuclear Fuel | 75.64M | 76.70M | 72.55M | 74.67M | 95.22M | 98.94M |
| Regulatory Assets | 928.55M | 939.25M | 962.00M | 914.38M | 846.69M | 514.26M |
| Goodwill | 278.30M | 278.30M | 278.30M | 278.30M | 278.30M | 278.30M |
| Long-Term Investments | 500.42M | 505.96M | 475.78M | 564.15M | 508.27M | 552.55M |
| Long-Term Deferred Charges | 380.25M | 308.70M | 256.33M | 197.08M | 157.50M | 139.33M |
| Other Long-Term Assets | 1.73M | 1.74M | 1.75M | 1.73M | ||
| Total Assets | 12.82B | 12.06B | 11.21B | 10.25B | 9.26B | 8.67B |
| Accounts Payable | 191.82M | 243.06M | 204.47M | 205.18M | 215.71M | 172.59M |
| Accrued Expenses | 155.84M | 124.01M | 104.76M | 98.66M | 76.78M | 70.11M |
| Short-Term Debt | 236.00M | 181.40M | 609.30M | 261.90M | 232.00M | 62.70M |
| Current Portion of Long-Term Debt | 127.72M | 302.54M | 611.60M | 280.17M | 184.79M | 179.34M |
| Current Portion of Leases | 21.31M | 21.71M | 23.42M | 21.04M | 26.14M | 33.03M |
| Other Current Liabilities | 208.73M | 144.81M | 221.55M | 363.82M | 154.94M | 146.44M |
| Total Current Liabilities | 941.42M | 1.02B | 1.78B | 1.23B | 890.37M | 664.21M |
| Long-Term Debt | 5.63B | 5.12B | 4.31B | 4.24B | 3.89B | 3.52B |
| Long-Term Leases | 61.13M | 121.52M | 271.85M | 184.33M | 57.46M | 72.07M |
| Pension & Post-Retirement Benefits | 6.41M | 8.82M | 25.65M | 25.07M | 37.32M | 27.53M |
| Long-Term Deferred Tax Liabilities | 1.03B | 1.26B | 1.23B | 1.21B | 1.22B | 1.19B |
| Other Long-Term Liabilities | 1.46B | 1.08B | 999.85M | 949.90M | 903.86M | 954.96M |
| Total Liabilities | 9.13B | 8.60B | 8.62B | 7.84B | 7.00B | 6.43B |
| Common Stock | 2.68B | 2.56B | 1.72B | 1.62B | 1.43B | 1.43B |
| Retained Earnings | 981.77M | 866.90M | 887.65M | 787.11M | 828.88M | 810.20M |
| Comprehensive Income & Other | -25.79M | -26.82M | -75.71M | -62.84M | -66.05M | -71.94M |
| Total Common Equity | 3.64B | 3.40B | 2.54B | 2.35B | 2.19B | 2.17B |
| Minority Interest | 59.65M | 55.52M | 58.43M | 61.49M | 64.52M | 66.93M |
| Shareholders' Equity | 3.70B | 3.46B | 2.59B | 2.41B | 2.26B | 2.23B |
| Total Liabilities & Equity | 12.82B | 12.06B | 11.21B | 10.25B | 9.26B | 8.67B |
| Total Debt | 6.08B | 5.74B | 5.83B | 4.99B | 4.39B | 3.87B |
| Net Cash (Debt) | -6.05B | -5.72B | -5.82B | -4.98B | -4.38B | -3.87B |
| Net Cash Per Share | -54.35 | -55.91 | -64.28 | -57.66 | -50.80 | -44.89 |
| Filing Date Shares Outstanding | 110.13M | 108.92M | 92.66M | 90.20M | 85.83M | 85.83M |
| Total Common Shares Outstanding | 110.13M | 108.92M | 92.66M | 90.20M | 85.83M | 85.83M |
| Working Capital | -181.93M | -452.88M | -1.28B | -755.22M | -479.39M | -339.61M |
| Book Value Per Share | 33.03 | 31.25 | 27.37 | 26.04 | 25.54 | 25.25 |
| Tangible Book Value | 3.36B | 3.13B | 2.26B | 2.07B | 1.91B | 1.89B |
| Tangible Book Value Per Share | 30.51 | 28.70 | 24.37 | 22.96 | 22.29 | 22.01 |
| Machinery | 12.07B | 11.59B | 10.70B | 9.70B | 9.16B | 9.36B |
| Construction In Progress | 938.62M | 653.21M | 495.98M | 589.83M | 372.99M | 248.86M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 228.58M | 151.36M | 242.15M | 87.82M | 169.53M | 195.83M |
| Depreciation & Amortization | 502.12M | 483.38M | 423.01M | 353.69M | 341.12M | 320.21M |
| Loss (Gain) on Sale of Investments | -6.64M | -34.75M | -31.30M | -19.25M | 78.36M | -16.85M |
| Stock-Based Compensation | 7.78M | 8.72M | 9.48M | 7.19M | 7.83M | 9.45M |
| Change in Accounts Receivable | -42.29M | -25.04M | -13.35M | 53.23M | -73.10M | -25.92M |
| Change in Inventory | -28.43M | -14.46M | -33.80M | -31.30M | -8.53M | 1.36M |
| Change in Accounts Payable | 7.90M | 18.31M | 10.02M | -33.54M | 47.57M | 10.64M |
| Change in Other Net Operating Assets | -139.51M | -72.37M | -152.93M | 70.02M | -25.09M | 12.97M |
| Other Operating Activities | 80.73M | 69.33M | 54.88M | 63.30M | 29.59M | 40.20M |
| Operating Cash Flow | 610.23M | 584.49M | 508.16M | 551.17M | 567.28M | 547.87M |
| Capital Expenditures | -1.21B | -1.20B | -1.25B | -1.08B | -912.56M | -935.02M |
| Sale of Property, Plant & Equipment | 2.84M | 32.65M | ||||
| Investment in Securities | 104.39M | -26.25M | 572.00K | |||
| Contributions to Nuclear Demissioning Trust | -699.43M | -714.39M | -756.80M | -593.24M | -564.91M | -477.67M |
| Other Investing Activities | 677.56M | 693.17M | 722.25M | 574.24M | 527.12M | 459.86M |
| Investing Cash Flow | -1.23B | -1.22B | -1.17B | -1.09B | -950.35M | -952.26M |
| Short-Term Debt Issued | 2.50B | 2.89B | 2.36B | 1.83B | 30.70M | |
| Long-Term Debt Issued | 3.69B | 1.23B | 1.36B | 558.00M | 1.82B | |
| Total Debt Issued | 4.99B | 6.19B | 4.13B | 3.72B | 2.39B | 1.85B |
| Short-Term Debt Repaid | -2.93B | -2.54B | -2.33B | -1.66B | ||
| Long-Term Debt Repaid | -3.19B | -819.53M | -910.00M | -179.50M | -1.41B | |
| Total Debt Repaid | -4.38B | -6.12B | -3.36B | -3.24B | -1.84B | -1.41B |
| Net Debt Issued (Repaid) | 604.90M | 75.19M | 760.87M | 478.00M | 547.80M | 435.70M |
| Issuance of Common Stock | 518.53M | 842.74M | 98.60M | 198.18M | ||
| Repurchase of Common Stock | -410.01M | -11.97M | -8.46M | -9.65M | -7.98M | -10.13M |
| Common Dividends Paid | -162.84M | -162.84M | -139.81M | -126.18M | -119.31M | -112.44M |
| Other Financing Activities | 86.45M | -100.59M | -26.85M | -3.25M | -34.47M | 44.44M |
| Financing Cash Flow | 619.16M | 642.52M | 684.35M | 537.10M | 386.04M | 357.56M |
| Net Cash Flow | -5.30M | 9.87M | 18.14M | -135.00K | 2.97M | -46.82M |
| Free Cash Flow | -602.59M | -611.43M | -738.88M | -524.64M | -345.27M | -387.14M |
| Free Cash Flow Margin | -25.97% | -28.23% | -37.48% | -27.05% | -15.35% | -21.75% |
| Free Cash Flow Per Share | -5.41 | -5.97 | -8.16 | -6.07 | -4.01 | -4.50 |
| Levered Free Cash Flow | -605.95M | -706.39M | -837.92M | -541.49M | -413.35M | -417.96M |
| Unlevered Free Cash Flow | -430.75M | -536.36M | -695.05M | -422.19M | -333.08M | -357.08M |
| Cash Interest Paid | 262.42M | 234.16M | 207.97M | 155.27M | 118.48M | 91.28M |
| Cash Income Tax Paid | 2.05M | 2.35M | -998.00K | 1.50M | -1.01M | 1.04M |
| Change in Working Capital | -202.34M | -93.56M | -190.06M | 58.42M | -59.14M | -961.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.46B | 6.41B | 4.44B | 3.57B | 4.19B | 3.91B |
| Enterprise Value | 12.51B | 12.18B | 10.06B | 8.64B | 8.47B | 7.55B |
| PE Ratio | 28.58 | 42.37 | 18.32 | 40.66 | 24.70 | 19.99 |
| PS Ratio | 2.79 | 2.96 | 2.25 | 1.84 | 1.86 | 2.20 |
| PB Ratio | 1.78 | 1.85 | 1.71 | 1.48 | 1.86 | 1.75 |
| P/OCF Ratio | 10.59 | 10.97 | 8.73 | 6.48 | 7.38 | 7.15 |
| EV/Sales Ratio | 5.39 | 5.63 | 5.11 | 4.46 | 3.77 | 4.24 |
| EV/EBITDA Ratio | 12.41 | 14.09 | 11.46 | 14.85 | 11.56 | 12.09 |
| EV/EBIT Ratio | 24.72 | 31.94 | 22.10 | 37.82 | 21.64 | 24.79 |
| Debt / Equity Ratio | 1.64 | 1.66 | 2.25 | 2.07 | 1.95 | 1.73 |
| Debt / EBITDA Ratio | 5.59 | 6.22 | 6.45 | 8.32 | 5.78 | 5.92 |
| Net Debt / Equity Ratio | 1.64 | 1.66 | 2.24 | 2.07 | 1.94 | 1.73 |
| Net Debt / EBITDA Ratio | 6.00 | 6.62 | 6.63 | 8.55 | 5.98 | 6.19 |
| Net Debt / FCF Ratio | -10.04 | -9.36 | -7.88 | -9.49 | -12.68 | -9.98 |
| Quick Ratio | 0.43 | 0.29 | 0.14 | 0.23 | 0.32 | 0.31 |
| Current Ratio | 0.81 | 0.56 | 0.28 | 0.39 | 0.46 | 0.49 |
| Asset Turnover | 0.19 | 0.19 | 0.18 | 0.20 | 0.25 | 0.21 |
| Return on Equity (ROE) | 6.85% | 5.59% | 10.32% | 4.56% | 8.22% | 9.71% |
| Return on Assets (ROA) | 2.55% | 2.05% | 2.65% | 1.46% | 2.73% | 2.29% |
| Return on Capital Employed (ROCE) | 4.30% | 3.50% | 4.80% | 2.50% | 4.70% | 3.80% |
| Earnings Yield | 3.50% | 2.36% | 5.46% | 2.46% | 4.05% | 5.00% |
| FCF Yield | -9.32% | -9.53% | -16.66% | -14.69% | -8.24% | -9.89% |
| Dividend Yield | 2.88% | 2.79% | 3.28% | 3.76% | 2.89% | 2.92% |
| Payout Ratio | 82.29% | 107.59% | 57.74% | 143.68% | 70.38% | 57.42% |
| Buyback Yield / Dilution | -14.80% | -13.03% | -4.89% | -0.23% | -0.07% | -7.23% |
| Total Shareholder Return | -11.92% | -10.23% | -1.61% | 3.53% | 2.82% | -4.32% |