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TXNM Energy, Inc. (TXNM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · UTILITIES - REGULATED ELECTRIC · DATA UPDATED 2026-08-16

TXNM Energy, Inc. (TXNM) operates in the UTILITIES - REGULATED ELECTRIC industry and is headquartered in Albuquerque, United States with about 1,755 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, TXNM reported $2.2B in revenue and $151M in net income.

TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States.

Interactive charts & full statements → Open the TXNM valuation workbench →

TXNM Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$2.2B$2.2B$2.0B$1.9B$2.2B$1.8B$1.5B$1.5B
Gross Profit$884M$825M$810M$627M$715M$626M$584M$565M
Gross Margin %39.6%38.1%41.1%32.3%31.8%35.1%38.4%38.7%
Operating Income (EBIT)$496M$441M$462M$303M$395M$309M$286M$295M
Operating Margin %22.2%20.4%23.5%15.6%17.5%17.4%18.8%20.3%
Net Income$196M$151M$243M$88M$170M$196M$173M$78M
Net Margin %8.8%7.0%12.3%4.6%7.6%11.0%11.4%5.3%
EBITDA$1.0B$941M$929M$628M$682M$664M$640M$495M
Earnings Per Share (EPS)$1.81$1.48$2.68$1.02$1.97$2.28$2.16$0.97
Shares Outstanding (M)111M102M91M86M86M86M80M80M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TXNM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$549M$505M$533M$647M$502M$483M$477M$569M
Gross Profit$219M$176M$190M$299M$177M$159M$166M$288M
Gross Margin %39.9%34.8%35.6%46.2%35.2%32.9%34.9%50.6%
Operating Income (EBIT)$123M$77M$94M$202M$73M$72M$75M$197M
Operating Margin %22.5%15.2%17.6%31.2%14.5%14.9%15.6%34.6%
Net Income$71M$4M($10M)$131M$22M$9M$16M$131M
Net Margin %13.0%0.8%-1.8%20.2%4.3%1.9%3.3%23.1%
EBITDA$285M$202M$174M$351M$221M$193M$188M$327M
Earnings Per Share (EPS)$0.64$0.03$-0.09$1.22$0.23$0.10$0.18$1.45
Shares Outstanding (M)111M113M109M107M96M93M90M91M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TXNM Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)$663M$584M$508M$551M$567M$548M$486M$503M
Capital Expenditures (CapEx)$1.2B$1.2B$1.2B$1.1B$913M$935M$679M$616M
Free Cash Flow (FCF)($502M)($611M)($739M)($525M)($345M)($387M)($193M)($113M)
FCF Margin %-22.5%-28.2%-37.5%-27.1%-15.3%-21.8%-12.7%-7.8%
Dividends Paid$181M$163M$140M$127M$120M$113M$99M$93M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TXNM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$70M$153M$158M$282M$4M$141M$159M$180M
Capital Expenditures (CapEx)$265M$313M$310M$277M$266M$343M$342M$324M
Free Cash Flow (FCF)($195M)($160M)($152M)$5M($263M)($201M)($183M)($144M)
FCF Margin %-35.5%-31.6%-28.5%0.7%-52.3%-41.7%-38.3%-25.2%
Dividends Paid$47M$46M$45M$43M$38M$38M$35M$35M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TXNM Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$12.5B$4.3B$11.5B$10.6B$9.6B$9.0B$8.3B$7.7B
Cash & Cash Equivalents$15M$2M$4M$2M$4M$1M$48M$4M
Total Liabilities$8.9B$954M$9.0B$8.2B$7.4B$6.8B$6.2B$5.9B
Total Debt (Short + Long-Term)$5.9B$5.1B$5.6B$4.8B$4.3B$3.8B$3.4B$706M
Total Shareholders' Equity$3.6B$3.4B$2.5B$2.4B$2.2B$2.2B$2.1B$1.7B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TXNM viewer.

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