TXNM Energy, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Joseph D. Tarry
- Full Time Employees
- 1,755
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- 414 Silver Avenue SW Albuquerque NM United States 87102-3289
- IPO Date
- Mar 17, 1980
- CIK
- 0001108426
- Website
- txnmenergy.com
- Similar Companies
- Business
- TXNM Energy, Inc. is an investor-owned holding company that, through its regulated utility subsidiaries Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), generates, transmits, and distributes electricity to approximately 800,000 residential, commercial, industrial, and wholesale customers across New Mexico and Texas. PNM provides integrated electricity services including generation from diverse sources such as coal, natural gas, nuclear, solar, wind, geothermal, and battery storage; transmission; and distribution for retail customers in New Mexico, along with wholesale electricity sales; while TNMP delivers regulated transmission and distribution services at regulated rates to retail electricity providers and interconnecting utilities in Texas. The company maintains a total generation capacity of approximately 2.7 gigawatts, including owned and purchased power resources, and also owns or leases communications equipment, office space, vehicles, energy storage facilities, service facilities, and real estate to support operations. TXNM Energy, founded in 1917 as Albuquerque Gas & Electric Company and headquartered at 414 Silver Avenue SW in Albuquerque, New Mexico, operates exclusively in the regulated electric utility sector with approximately 1,695 employees. In August 2024, the company changed its name from PNM Resources, Inc. to TXNM Energy, Inc.; and in May 2025, it entered into a definitive agreement to be acquired by Blackstone Infrastructure Partners in an all-equity transaction valued at $11.5 billion including net debt, expected to close by mid-2025 pending approvals, providing long-term capital for infrastructure expansion, clean energy integration—such as carbon-free resources supplying over two-thirds of PNM's needs—and support for double-digit demand growth at TNMP. TXNM Energy plans to raise an additional $800 million in equity through private placements prior to closing to fund ongoing growth initiatives.
Company News
TXNM Energy Board Declares Quarterly Common Stock Dividend
3 Alternative-Energy Stocks That Could Withstand Fed's Rate Hike
Tidal Investments LLC Acquires 25,889 Shares of TXNM Energy, Inc. $TXNM
TXNM Energy and Blackstone Infrastructure Announce Enhanced $300 Million Customer and Community Benefits Package for New Mexico
TXNM Energy and Blackstone Infrastructure Announce Enhanced $300 Million Customer and Community Benefits Package for New Mexico
TXNM Energy Announces Pricing of Public Offering of Common Stock
TXNM Energy Announces Public Offering of Common Stock
Deutsche Bank AG Purchases New Position in TXNM Energy, Inc. $TXNM
Bank of America Corp DE Increases Stock Holdings in TXNM Energy, Inc. $TXNM
Public Service Company of New Mexico Declares Preferred Dividend
TXNM Energy Reports Second Quarter 2026 Results
TXNM Energy, Inc. $TXNM Stock Position Trimmed by First Trust Advisors LP
TXNM Energy Board Declares Quarterly Common Stock Dividend
TXNM Energy and Blackstone Infrastructure Extend Merger Agreement
Powering homes and businesses with reliable, affordable and clean energy: PNM puts forth balanced plan to advance carbon-free future
Powering homes and businesses with reliable, affordable and clean energy: PNM puts forth balanced plan to advance carbon-free future
TNMP Files Comprehensive Rate Settlement
TNMP Files Comprehensive Rate Settlement
TXNM Energy and its Subsidiaries PNM and TNMP Expand Partnership with ISN® to Help Improve Worker-Level Training and Competency
TXNM Energy and its Subsidiaries PNM and TNMP Expand Partnership with ISN® to Help Improve Worker-Level Training and Competency