- 2025 3rd quarter GAAP revenues of $ 1.22 per watered down share
- 2025 3rd quarter continuous revenues of $ 1.33 per watered down share
- Proposed deal with Blackstone Facilities authorized by investors
|
TXNM Energy ( In millions, other than EPS) |
||||
|
Q3 2025 |
Q3 2024 |
YTD 2025 |
YTD 2024 |
|
|
GAAP net revenues attributable to TXNM Energy |
$ 130.7 |
$ 131.2 |
$ 161.2 |
$ 226.4 |
|
GAAP watered down EPS |
$ 1.22 |
$ 1.45 |
$ 1.63 |
$ 2.50 |
|
Continuous net revenues |
$ 142.8 |
$ 129.3 |
$ 185.5 |
$ 220.6 |
|
Continuous diluted EPS |
$ 1.33 |
$ 1.43 |
$ 1.87 |
$ 2.44 |
ALBUQUERQUE, N.M., Oct. 31, 2025/ PRNewswire/– TXNM Energy (NYSE: TXNM) today launched its 2025 3rd quarter outcomes. As formerly revealed, TXNM Energy is not verifying formerly provided revenues assistance for 2025 and does not prepare to provide revised revenues assistance throughout the pending deal.
” 3rd quarter results include the execution of the very first stage of authorized rates in New Mexico and freshly authorized transmission healing in Texas, together with extra equity provided throughout the quarter,” stated Don Tarry, President and CEO of TXNM Energy. “We have actually started the regulative approval procedure for our deal with Blackstone Facilities with filings that resolve the essential problems raised throughout our discussions with regional stakeholders and neighborhood groups. We eagerly anticipate continued discussions through the regulative procedure and attaining the very best course forward to purchase favorable results for our consumers and neighborhoods throughout New Mexico and Texas“
DEAL UPDATE
On Might 19, 2025, TXNM Energy revealed an arrangement under which affiliates of Blackstone Facilities will get the impressive typical stock of TXNM Energy for $ 61.25 per share. Investors authorized the deal on August 28, 2025
The deal undergoes regulative approvals from the New Mexico Public Guideline Commission (” NMPRC”), Utility Commission of Texas (” PUCT”), Federal Energy Regulatory Commission (” FERC”), Department of Justice (Hart Scott-Rodino Clearance), Nuclear Regulatory Commission and Federal Communications Commission. On August 25, 2025, applications were submitted with the NMPRC, PUCT and FERC.
TXNM Energy continues to expect that the closing of the acquisition will happen in the 2nd half of 2026, based on the complete satisfaction or waiver of the traditional closing conditions, consisting of to name a few things, invoice of necessary state and federal regulative approvals.
REGULATORY UPDATE
TNMP’s 2nd Transmission Expense of Service (TCOS) declare 2025 was authorized and executed in the 3rd quarter, supplying healing for $ 87 million of rate base. On July 31, 2025, TNMP submitted its 2nd Circulation Expense Healing Aspect (DCRF) application, looking for healing for an extra $ 28 million of rate base to support continuous financial investment in circulation facilities.
On August 6, 2025, PNM submitted an application with the NMPRC for approval of a CCN to build, own, and run 30 megawatts of energy storage. The application includes 6 megawatt batteries to be built at 5 existing PNM-owned solar centers at an approximated expense of $ 78 million These financial investments will supply more versatility to our grid and to help in serving our summer season peak season when functional.
SEGMENT REPORTING OF 2025 THIRD QUARTER PROFITS
- PNM — a vertically incorporated electrical energy in New Mexico with circulation, transmission and generation properties.
- TNMP— an electrical transmission and circulation energy in Texas
- Business and Other— shows the TXNM Energy holding business and other subsidiaries.
EPS Outcomes by Sector
|
GAAP Diluted EPS |
Ongoing Diluted EPS |
||||
|
Q3 2025 |
Q3 2024 |
Q3 2025 |
Q3 2024 |
||
|
PNM |
$ 0.95 |
$ 1.20 |
$ 0.98 |
$ 1.18 |
|
|
TNMP |
$ 0.38 |
$ 0.39 |
$ 0.46 |
$ 0.39 |
|
|
Business and Other |
($ 0.11) |
($ 0.14) |
($ 0.11) |
($ 0.14) |
|
|
Consolidated TXNM Energy |
$ 1.22 |
$ 1.45 |
$ 1.33 |
$ 1.43 |
|
Net modifications to GAAP and continuous revenues in the 3rd quarter of 2025 compared to the 3rd quarter of 2024 consist of:
- PNM: Rate remedy for the execution of the very first stage of the authorized 2025 Rate Demand, greater retail load and transmission incomes, greater understood gains on financial investment securities and the timing of excess deferred earnings taxes were balanced out by lower weather-related use, increased O&M, greater devaluation, real estate tax and interest expenditure related to brand-new capital expense and increased need charges from energy storage contracts included late 2024.
- TNMP: Rate healing through the Circulation Expense Healing Aspect (DCRF) and Transmission Expense of Service (TCOS) rate systems and greater retail load were partly balanced out by lower weather-related use and greater devaluation and real estate tax expenditure related to brand-new capital expense.
- Business and Other: Lower interest expenditure due to lower financial obligation balances increased revenues.
GAAP and continuous revenues per share were minimized in the 3rd quarter of 2025 by shares provided as part of 2024 forward sales contracts of $ 150 million, in addition to shares provided in June and August 2025 for earnings of $ 800 million
In addition, GAAP revenues in the 3rd quarter of 2025 consisted of $ 2.1 million of net latent losses on financial investment securities compared to $ 9.5 million of net latent gains in the 3rd quarter of 2024. GAAP revenues in the 3rd quarter of 2025 consisted of $ 14.0 million of expenses connected to the organized acquisition. GAAP revenues in the 3rd quarter of 2024 consisted of $ 6.1 million of regulative disallowances.
Background:
TXNM Energy (NYSE: TXNM), an energy holding business based in Albuquerque, New Mexico, provides energy to more than 800,000 homes and organizations throughout Texas and New Mexico through its regulated energies, TNMP and PNM. To learn more, check out the business’s site at www.TXNMEnergy.com
|
CONTACTS: |
|
|
Experts |
Media |
|
Lisa Goodman |
Business Communications |
|
( 505) 241-2160 |
( 505) 241-2743 |
Safe Harbor Declaration under the Personal Securities Lawsuits Reform Act of 1995
Declarations made in this news release that associate with future occasions or expectations, forecasts, price quotes, objectives, objectives, targets, and techniques are made pursuant to the Personal Securities Lawsuits Reform Act of 1995. These positive declarations normally consist of declarations relating to the possible deal in between TXNM Energy and Blackstone Facilities, consisting of any declarations relating to the anticipated schedule for finishing the possible deal, the capability to finish the possible deal, the anticipated advantages of the possible deal, forecasted monetary details, future chances, and any other declarations relating to TXNM Energy’s and Blackstone Facilities’s future expectations, beliefs, strategies, goals, outcomes of operations, monetary condition and capital, or future occasions or efficiency. Readers are warned that all positive declarations are based upon existing expectations and price quotes. Neither Blackstone Facilities nor TXNM Energy presumes any commitment to upgrade this details. Since real outcomes might vary materially from those revealed or indicated by these positive declarations, TXNM Energy care readers not to put unnecessary dependence on these declarations. TXNM Energy’s organization, monetary condition, capital, and operating outcomes are affected by numerous elements, which are frequently beyond its control, that can trigger real outcomes to vary from those revealed or indicated by the positive declarations. For a conversation of threat elements and other essential elements impacting positive declarations, please see TXNM Energy’s Kind 10-K and Kind 10-Q filings and the details submitted on TXNM Energy’s Kinds 8-K with the Securities and Exchange Commission (the “SEC”), which elements are particularly included by referral herein and the dangers and unpredictabilities connected to the proposed deal with Blackstone Facilities, consisting of, however not restricted to: the anticipated timing and probability of conclusion of the pending deal, consisting of the timing, invoice and terms of any needed governmental and regulative approvals of the pending deal that might lower expected advantages or trigger the celebrations to desert the deal, the event of any occasion, modification or other scenarios that might trigger the termination of the deal arrangement, consisting of in scenarios needing the Business to pay a termination cost, the possibility that TXNM Energy’s investors might not authorize the deal arrangement, the threat that the celebrations might not have the ability to please the conditions to the proposed deal in a prompt way or at all, the result of legal procedures that might be set up versus TXNM Energy, its directors and others associated to the proposed deal, dangers connected to disturbance of management time from continuous organization operations due to the proposed deal, the threat that the proposed deal and its statement might have a negative result on the capability of TXNM Energy to maintain and work with essential workers and keep relationships with its consumers and providers, and on its operating outcomes and organizations normally, the quantity of expenses, costs, charges or costs arising from the proposed deal, and the threat that the rate of TXNM Energy’s typical stock might change throughout the pendency of the proposed deal and might decrease substantially if the proposed deal is not finished. Other unforeseeable or unidentified elements not gone over in this interaction might likewise have material negative results on positive declarations. Readers are warned not to put unnecessary dependence on these positive declarations that speak just since the date hereof.
Non-GAAP Financial Steps
GAAP describes normally accepted accounting concepts in the U.S. Continuous revenues is a non-GAAP monetary step that leaves out the effect of net latent mark-to-market gains and losses on financial hedges, the net modification in latent gains and losses on financial investment securities, pension expenditure associated to formerly dealt with gas circulation organization, and particular non-recurring, irregular, and other products that are not a sign of essential modifications in the revenues capability of the Business’s operations. The Business utilizes continuous revenues and continuous revenues per diluted share to examine the operations of the Business and to develop objectives, consisting of those utilized for particular elements of reward settlement, for management and staff members. While the Business thinks these monetary procedures are suitable and beneficial for financiers, they are not procedures provided in accordance with GAAP. The Business does not plan for these procedures, or any piece of these procedures, to represent any monetary step as specified by GAAP. In addition, the Business’s estimations of these procedures as provided might or might not be similar to likewise entitled procedures utilized by other business. Reconciliations in between GAAP and continuous revenues are consisted of in schedules 1-4.
|
TXNM Energy, Inc. and Subsidiaries Arrange 1 Reconciliation of GAAP to Ongoing Incomes ( Unaudited) |
||||||||
|
PNM |
TNMP |
Business |
TXNM |
|||||
|
( in thousands) |
||||||||
|
3 Months Ended September 30, 2025 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 102,429 |
$ 41,130 |
$ (12,849) |
$ 130,710 |
||||
|
Changing products before earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities 2a |
2,061 |
— |
— |
2,061 |
||||
|
Pension expenditure associated to formerly dealt with gas circulation organization 2c |
784 |
— |
— |
784 |
||||
|
Regulative disallowances 2d |
( 731 ) |
— |
— |
( 731 ) |
||||
|
Process enhancement efforts 2e |
132 |
— |
1 |
133 |
||||
|
Merger associated expenses 2f |
926 |
10,332 |
2,729 |
13,987 |
||||
|
Overall modifications before earnings tax results |
3,172 |
10,332 |
2,730 |
16,234 |
||||
|
Earnings tax effect of above modifications 1 |
( 805 ) |
( 2,170) |
( 694 ) |
( 3,669) |
||||
|
Timing of statutory and reliable tax rates on non-recurring products 4 |
319 |
( 10 ) |
( 754 ) |
( 445 ) |
||||
|
Overall earnings tax effects 3 |
( 486 ) |
( 2,180) |
( 1,448) |
( 4,114) |
||||
|
Changing products, web of earnings taxes |
2,686 |
8,152 |
1,282 |
12,120 |
||||
|
Continuous Incomes (Loss) |
$ 105,115 |
$ 49,282 |
$ (11,567) |
$ 142,830 |
||||
|
9 Months Ended September 30, 2025 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 127,736 |
$ 84,381 |
$ (50,908) |
$ 161,209 |
||||
|
Changing products before earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities 2a |
( 6,322) |
— |
— |
( 6,322) |
||||
|
Rate Demand settlement 2b |
1,500 |
— |
— |
1,500 |
||||
|
Pension expenditure associated to formerly dealt with gas circulation organization 2c |
2,352 |
— |
— |
2,352 |
||||
|
Regulative disallowances 2d |
( 731 ) |
— |
— |
( 731 ) |
||||
|
Process enhancement efforts 2e |
592 |
— |
156 |
748 |
||||
|
Merger associated expenses 2f |
926 |
17,103 |
17,093 |
35,122 |
||||
|
Overall modifications before earnings tax results |
( 1,683) |
17,103 |
17,249 |
32,669 |
||||
|
Earnings tax effect of above modifications 1 |
428 |
( 3,592) |
( 4,381) |
( 7,545) |
||||
|
Timing of statutory and reliable tax rates on non-recurring products 4 |
( 1,349) |
15 |
460 |
( 874 ) |
||||
|
Overall earnings tax effects 3 |
( 921 ) |
( 3,577) |
( 3,921) |
( 8,419) |
||||
|
Changing products, web of earnings taxes |
( 2,604) |
13,526 |
13,328 |
24,250 |
||||
|
Continuous Incomes (Loss) |
$ 125,132 |
$ 97,907 |
$ (37,580) |
$ 185,459 |
||||
|
1 Tax results determined utilizing a tax rate of 21.0% for TNMP and 25.4% for other sections |
||||||||
|
2 The pre-tax effects (in thousands) of changing products are assessed the GAAP Condensed Consolidated Statements of Incomes as follows: |
||||||||
|
a Modifications in “Gains on financial investment securities” showing non-cash efficiency relative to market, not a sign of financing requirements |
||||||||
|
b Boosts in “Administrative and basic” |
||||||||
|
c Boosts in “Other (reductions)” |
||||||||
|
d Reduces in “Regulative disallowances” |
||||||||
|
e Boosts in “Energy production expenses” of less than $0.1 million and $0.2 million, in “Transmission and circulation expenses” of less than $0.1 million and $0.1 million, and in “Administrative and basic” of $0.1 million and $0.2 million for the 3 and 9 months ended September 30, 2025 at PNM and boost of $0.2 million in “Administrative and basic” at Business and Other for the 9 months ended September 30, 2025 |
||||||||
|
f Boosts in “Administrative and basic” of $0.9 million and $0.9 million at PNM for the 3 and 9 months ended September 30, 2025; Boosts in “Administrative and basic” of $0.7 million and $0.9 million and increases in “Interest charges” of $9.6 million and $16.2 million at TNMP for the 3 and 9 months ended September 30, 2025; Boosts in “Administrative and basic” at Business and Other of $2.7 million and $17.1 million for the 3 and 9 months ended September 30, 2025 |
||||||||
|
3 Boosts (reductions) in “Earnings Taxes (Advantages)” |
||||||||
|
4 Earnings tax timing effects arising from distinctions in between the statutory rates of 25.4% for PNM, 21.0% for TNMP and the average anticipated statutory tax rate of 22.7% for TXNM, and the GAAP expected reliable tax rates of 9.6% for PNM, 20.4% for TNMP, and 13.0% for TXNM, which will reverse by year end |
||||||||
|
TXNM Energy, Inc. and Subsidiaries Arrange 2 Reconciliation of GAAP to Ongoing Incomes ( Unaudited) |
||||||||
|
PNM |
TNMP |
Business |
TXNM |
|||||
|
( in thousands) |
||||||||
|
3 Months Ended September 30, 2024 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 108,666 |
$ 35,695 |
$ (13,159) |
$ 131,202 |
||||
|
Changing products before earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities 2a |
( 9,546) |
— |
— |
( 9,546) |
||||
|
Regulative disallowances 2b |
6,142 |
— |
— |
6,142 |
||||
|
Pension expenditure associated to formerly dealt with gas circulation organization 2c |
433 |
— |
— |
433 |
||||
|
Merger associated expenses 2d |
— |
— |
479 |
479 |
||||
|
Overall modifications before earnings tax results |
( 2,971) |
— |
479 |
( 2,492) |
||||
|
Earnings tax effect of above modifications 1 |
754 |
— |
( 121 ) |
633 |
||||
|
Overall earnings tax effects 4 |
754 |
— |
( 121 ) |
633 |
||||
|
Changing products, web of earnings taxes |
( 2,217) |
— |
358 |
( 1,859) |
||||
|
Continuous Incomes (Loss) |
$ 106,449 |
$ 35,695 |
$ (12,801) |
$ 129,343 |
||||
|
9 Months Ended September 30, 2024 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 181,373 |
$ 80,203 |
$ (35,135) |
$ 226,441 |
||||
|
Changing products before earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities 2a |
( 16,204) |
— |
— |
( 16,204) |
||||
|
Regulative disallowances 2b |
10,847 |
— |
— |
10,847 |
||||
|
Pension expenditure associated to formerly dealt with gas circulation organization 2c |
1,299 |
— |
— |
1,299 |
||||
|
Merger associated expenses 2d |
134 |
( 22 ) |
2,128 |
2,240 |
||||
|
Sale of NMRD 3 |
— |
— |
15,097 |
15,097 |
||||
|
Overall modifications before earnings tax results |
( 3,924) |
( 22 ) |
17,225 |
13,279 |
||||
|
Earnings tax effect of above modifications 1 |
997 |
4 |
( 4,375) |
( 3,374) |
||||
|
Sale of NMRD 3 |
— |
— |
( 15,712) |
( 15,712) |
||||
|
Overall earnings tax effects 4 |
997 |
4 |
( 20,087) |
( 19,086) |
||||
|
Changing products, web of earnings taxes |
( 2,927) |
( 18 ) |
( 2,862) |
( 5,807) |
||||
|
Continuous Incomes (Loss) |
$ 178,446 |
$ 80,185 |
$ (37,997) |
$ 220,634 |
||||
|
1 Tax results determined utilizing a tax rate of 21.0% for TNMP and 25.4% for other sections |
||||||||
|
2 The pre-tax effects (in thousands) of changing products are assessed the GAAP Condensed Consolidated Declaration of Incomes as follows: |
||||||||
|
a Modifications in “Gains on financial investment securities” showing non-cash efficiency relative to market, not a sign of financing requirements |
||||||||
|
b Boost in “Regulative disallowances” of $6.1 million and $10.6 million for the 3 and 9 months ended September 30, 2024 and a decline in “Electric Operating Income” of no and $0.2 million for the 3 and 9 months ended September 30, 2024 |
||||||||
|
c Boosts in “Other (reductions)” |
||||||||
|
d Boosts (reductions) in “Administrative and basic”, consisting of $0.4 million associated to rebranding expenses in the 3 and 9 months ended September 30, 2024 |
||||||||
|
3 Net gain of $4.4 million on the sale of NMRD: Boost in “Other (reductions)” of $15.1 million, reduction in “Earnings Taxes (Advantages)” of $3.8 million for federal earnings tax and a decline in “Earnings Taxes (Advantages)” of $15.7 million for financial investment tax credits |
||||||||
|
4 Boosts (reductions) in “Earnings Taxes (Advantages)” |
||||||||
|
TXNM Energy, Inc. and Subsidiaries Arrange 3 Reconciliation of GAAP to Ongoing Incomes Per Diluted Share ( Unaudited) |
||||||||
|
PNM |
TNMP |
Business |
TXNM |
|||||
|
( per diluted share) |
||||||||
|
3 Months Ended September 30, 2025 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 0.95 |
$ 0.38 |
$ (0.11 ) |
$ 1.22 |
||||
|
Changing products, web of earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities |
0.02 |
— |
— |
0.02 |
||||
|
Pension expenditure associated to formerly dealt with gas circulation organization |
0.01 |
— |
— |
0.01 |
||||
|
Regulative disallowances |
( 0.01 ) |
— |
— |
( 0.01 ) |
||||
|
Merger associated expenses |
0.01 |
0.08 |
0.01 |
0.10 |
||||
|
Timing of statutory and reliable tax rates on non-recurring products |
— |
— |
( 0.01 ) |
( 0.01 ) |
||||
|
Overall Changes |
0.03 |
0.08 |
— |
0.11 |
||||
|
Continuous Incomes (Loss) |
$ 0.98 |
$ 0.46 |
$ (0.11 ) |
$ 1.33 |
||||
|
Typical Diluted Shares Exceptional: 107,416,661 |
||||||||
|
9 Months Ended September 30, 2025 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 1.29 |
$ 0.85 |
$ (0.51 ) |
$ 1.63 |
||||
|
Changing products, web of earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities |
( 0.05 ) |
— |
— |
( 0.05 ) |
||||
|
Rate Demand settlement |
0.01 |
— |
— |
0.01 |
||||
|
Pension expenditure associated to formerly dealt with gas circulation organization |
0.02 |
— |
— |
0.02 |
||||
|
Regulative disallowances |
( 0.01 ) |
— |
— |
( 0.01 ) |
||||
|
Merger associated expenses |
0.01 |
0.14 |
0.13 |
0.28 |
||||
|
Timing of statutory and reliable tax rates on non-recurring products |
( 0.01 ) |
— |
— |
( 0.01 ) |
||||
|
Overall Changes |
( 0.03 ) |
0.14 |
0.13 |
0.24 |
||||
|
Continuous Incomes (Loss) |
$ 1.26 |
$ 0.99 |
$ (0.38 ) |
$ 1.87 |
||||
|
Typical Diluted Shares Exceptional: 99,041,745 |
||||||||
|
TXNM Energy, Inc. and Subsidiaries Arrange 4 Reconciliation of GAAP to Ongoing Incomes Per Diluted Share ( Unaudited) |
||||||||
|
PNM |
TNMP |
Business |
TXNM |
|||||
|
( per diluted share) |
||||||||
|
3 Months Ended September 30, 2024 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 1.20 |
$ 0.39 |
$ (0.14 ) |
$ 1.45 |
||||
|
Changing products, web of earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities |
( 0.07 ) |
— |
— |
( 0.07 ) |
||||
|
Regulative disallowances |
0.05 |
— |
— |
0.05 |
||||
|
Overall Changes |
( 0.02 ) |
— |
— |
( 0.02 ) |
||||
|
Continuous Incomes (Loss) |
$ 1.18 |
$ 0.39 |
$ (0.14 ) |
$ 1.43 |
||||
|
Typical Diluted Shares Exceptional: 90,605,188 |
||||||||
|
9 Months Ended September 30, 2024 |
||||||||
|
GAAP Internet Incomes (Loss) Attributable to TXNM |
$ 2.00 |
$ 0.89 |
$ (0.39 ) |
$ 2.50 |
||||
|
Changing products, web of earnings tax results: |
||||||||
|
Net modification in latent (gains) losses on financial investment securities |
( 0.13 ) |
— |
— |
( 0.13 ) |
||||
|
Regulative disallowances |
0.09 |
— |
— |
0.09 |
||||
|
Pension expenditure associated to formerly dealt with gas circulation organization |
0.01 |
— |
— |
0.01 |
||||
|
Merger associated expenses |
— |
— |
0.02 |
0.02 |
||||
|
Sale of NMRD |
— |
— |
( 0.05 ) |
( 0.05 ) |
||||
|
Overall Changes |
( 0.03 ) |
— |
( 0.03 ) |
( 0.06 ) |
||||
|
Continuous Incomes (Loss) |
$ 1.97 |
$ 0.89 |
$ (0.42 ) |
$ 2.44 |
||||
|
Typical Diluted Shares Exceptional: 90,551,894 |
||||||||
|
TXNM Energy, Inc. and Subsidiaries Arrange 5 Condensed Consolidated Statements of Incomes ( Unaudited) |
|||||||
|
3 Months Ended |
9 Months Ended |
||||||
|
2025 |
2024 |
2025 |
2024 |
||||
|
( In thousands, other than per share quantities) |
|||||||
|
Electric Operating Incomes |
$ 647,162 |
$ 569,256 |
$ 1,632,374 |
$ 1,494,235 |
|||
|
Operating Costs: |
|||||||
|
Expense of energy |
195,042 |
138,909 |
531,846 |
425,919 |
|||
|
Administrative and basic |
68,445 |
64,840 |
205,205 |
179,848 |
|||
|
Energy production expenses |
21,172 |
21,259 |
71,799 |
68,055 |
|||
|
Regulative disallowances |
( 731 ) |
6,142 |
( 731 ) |
10,601 |
|||
|
Devaluation and amortization |
105,012 |
97,400 |
314,798 |
285,000 |
|||
|
Transmission and circulation expenses |
27,167 |
23,660 |
79,133 |
71,475 |
|||
|
Taxes aside from earnings taxes |
28,185 |
25,966 |
82,864 |
75,984 |
|||
|
Overall business expenses |
444,292 |
378,176 |
1,284,914 |
1,116,882 |
|||
|
Operating earnings |
202,870 |
191,080 |
347,460 |
377,353 |
|||
|
Other Earnings and Reductions: |
|||||||
|
Interest earnings |
6,496 |
8,669 |
14,615 |
17,719 |
|||
|
Gains on financial investment securities |
11,376 |
13,770 |
33,691 |
32,326 |
|||
|
Other earnings |
7,688 |
7,953 |
18,121 |
20,552 |
|||
|
Other (reductions) |
( 3,028) |
( 1,988) |
( 11,767) |
( 20,146) |
|||
|
Net other earnings and reductions |
22,532 |
28,404 |
54,660 |
50,451 |
|||
|
Interest Charges |
70,149 |
59,664 |
205,713 |
169,254 |
|||
|
Incomes before Earnings Taxes |
155,253 |
159,820 |
196,407 |
258,550 |
|||
|
Earnings Taxes |
18,949 |
23,422 |
21,293 |
19,822 |
|||
|
Net Incomes |
136,304 |
136,398 |
175,114 |
238,728 |
|||
|
( Incomes) Attributable to Valencia Non-controlling Interest |
( 5,462) |
( 5,064) |
( 13,509) |
( 11,891) |
|||
|
Preferred Stock Dividend Requirements of Subsidiary |
( 132 ) |
( 132 ) |
( 396 ) |
( 396 ) |
|||
|
Net Incomes Attributable to TXNM |
$ 130,710 |
$ 131,202 |
$ 161,209 |
$ 226,441 |
|||
|
Net Incomes Attributable to TXNM per Typical Share: |
|||||||
|
Standard |
$ 1.22 |
$ 1.45 |
$ 1.63 |
$ 2.50 |
|||
|
Watered Down |
$ 1.22 |
$ 1.45 |
$ 1.63 |
$ 2.50 |
|||
|
Dividends Stated per Typical Share |
$ 0.4075 |
$ 0.3875 |
$ 1.2225 |
$ 1.1625 |
|||
SOURCE TXNM Energy, Inc.