TXNM at a glance
TXNM ENERGY INC (TXNM, SEC CIK 1108426) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 30, 2026 and Form 4 insider filings as recently as August 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), TXNM ENERGY INC (TXNM) reported revenue of $2.1 billion (up 9.0% from FY2024) and net income of $151.4 million. Diluted EPS was $1.48.
- As of June 30, 2026, 36 institutional investment managers tracked by SignalX reported holding TXNM ENERGY INC (TXNM) shares worth $2.9 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.1B
- +9.0% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 36 funds
- $2.9B · +0 vs prior quarter
- Latest 8-K
- Sep 30, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model not detailed; focus on compliance policies for securities trading and governance
- No new products, services, or segments introduced or emphasized this year
- Emphasis on insider trading compliance and federal securities law adherence as strategic risk management
- Management fee charges to subsidiaries include allocation of independent auditor fees, indicating internal cost allocations
- Distinctive filing characteristic: reliance on cross-reference to proxy statements for key governance and compensation disclosures
Risk Factors
- Regulatory risk from May 18, 2025 Merger Agreement triggering “Change of Control” in TXNM and TNMP debt agreements, requiring amendments to avoid default
- Geopolitical/macro risk from Federal Reserve inflation actions potentially impacting TXNM’s capital market access and liquidity
- Supply chain vulnerability at TNMP with increasing transmission plant additions $252M in 2025, up $91M YoY, critical for service reliability
- Competitive risk from Texas Electric Choice Act (TECA) enabling consumers to choose Retail Electric Providers, intensifying competition in TXNM’s Texas territories
- Financial risk with $1,505M TNMP FMBs required offer to prepay bonds at 100% principal upon Merger triggering significant short-term liquidity drawdown
Management Discussion & Analysis
- Revenue and profit figures not explicitly disclosed in the provided MD&A section
- Utility plant investments $2.4B in 2024-2025; TNMP high growth with new system peak in Sept 2025; PNM expanding grid modernization
- PNM renewable capacity 3,244 MW plus 334.1 MW customer solar; incremental energy saved 84 GWh (PNM), 20 GWh (TNMP) in 2025
- TXNM committed $8.7M corporate giving last 3 years; employee volunteer hours 4,000+ annually; 640 employee participants in 2025 Day of Service
- Merger with Blackstone Infrastructure expects closing H2 2026; regulatory approvals pending (NMPRC and NRC); no financing condition in agreement
AI summary of the TXNM 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- PNM and TNMP utility investments totaled $2.4 billion during 2024 and 2025
- TXNM expects merger closing in the first half of 2027, subject to remaining approvals
- OBBBA may increase future renewable development costs through accelerated energy-credit phaseouts
Risk Factors
- No material changes to TXNM, PNM, or TNMP risk factors from the December 31, 2025 Form 10-K
- Merger-related risk remains relevant following July 17, 2026 waiver and letter agreement
- Financing risk increased with TXNM term loan dated July 17, 2026
- PNM financing risk increased with new term loan dated July 21, 2026
AI summary of the TXNM 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Convertible notes convertible October 1–December 31, 2026 at 22.5654 shares per $1,000, equivalent to $44.32 per share
- Conversion triggered by common stock trading at least 130% of the conversion price on 20 of 30 quarter-end trading days
Item 7.01: Regulation FD Disclosure
- TXNM announced commencement and pricing of an offering on August 31, 2026
- Offering terms and pricing details appear in Exhibits 99.1 and 99.2
Item 8.01: Other Events
- Public offering issued 7,079,646 common shares at $55.935 per share
- Offering closed September 2, 2026, generating approximately $396 million net proceeds
Item EX-99.1: Item EX-99.1
- Proposed $400 million common-stock offering, subject to market conditions and final terms
- Net proceeds intended to repay borrowings under TXNM Energy’s $400 million term loan
Item 1.01: Entry into a Material Definitive Agreement
- TXNM subsidiaries raised $350 million through private-placement debt for refinancing, capital expenditures, and general corporate purposes
- PNM issued $200 million senior unsecured notes at 5.44%-6.12%, maturing 2029-2038
AI summaries of TXNM 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TXNM
Don't miss the next TXNM filing
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- Fund moves. Which tracked funds opened, added or cut TXNM, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| COLLAWN PATRICIA K | A | Aug 14, 2026 | 739 | - |
| Gutierrez Sidney M. | A | Jun 10, 2026 | 2,698 | - |
| Montoya Lillian J | A | Jun 10, 2026 | 2,698 | - |
| Maestas Steven | A | Jun 10, 2026 | 2,698 | - |
| MULLARKEY MAUREEN T | A | Jun 10, 2026 | 2,698 | - |
| BECKER NORMAN P. | A | Jun 10, 2026 | 2,698 | - |
| CONLEY E RENAE | A | Jun 10, 2026 | 2,698 | - |
| BAILEY VICKY A | A | Jun 10, 2026 | 2,698 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.0B | $2.1B |
| Gross Profit | $655.8M | - | - |
| Operating Income | $231.3M | $453.5M | $441.2M |
| Net Income | $87.8M | $242.2M | $151.4M |
| Op. Margin | - | 23.1% | 20.6% |
| Net Margin | - | 12.4% | 7.1% |
| Balance Sheet | |||
| Total Assets | $10.3B | $11.2B | $12.1B |
| Equity | $2.3B | $2.5B | $3.4B |
| ROE | 3.7% | 9.5% | 4.4% |
| Per Share | |||
| EPS | $1.02 | $2.67 | $1.48 |
| Cash Flow | |||
| Operating CF | - | $508.2M | $584.5M |
Source: XBRL data in TXNM ENERGY INC (TXNM)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TXNM share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 36 | $2.93B |
| Q1 2026 | 36 | $3.07B |
| Q4 2025 | 31 | $3.13B |
| Q3 2025 | 34 | $3.01B |
| Q2 2025 | 35 | $2.92B |
| Q1 2025 | 28 | $1.93B |
| Q4 2024 | 24 | $1.54B |
| Q3 2024 | 20 | $635.7M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 244 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TXNM filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 30, 2026 | - | Analysis | - |
| 8-K | Sep 2, 2026 | - | Analysis | - |
| 8-K | Aug 19, 2026 | - | Analysis | - |
| 4 | Aug 17, 2026 | - | - | - |
| SC 13G | Aug 14, 2026 | - | - | |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 8-K | Jul 20, 2026 | - | Analysis | - |
| 8-K | Jul 6, 2026 | - | Analysis | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 8-K | Jun 11, 2026 | - | Analysis | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 8-K | Jun 2, 2026 | - | Analysis | |
| SC 13G | May 15, 2026 | - | - | |
| 8-K | May 1, 2026 | - | Analysis | - |
| 10-Q | May 1, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - |
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TXNM SEC filings: frequently asked questions
Which institutions hold TXNM stock?
As of June 30, 2026, the largest TXNM ENERGY INC (TXNM) holders among the 13F filers tracked by SignalX were BlackRock ($828.8 million), Blackstone Group ($454.2 million), Vanguard Portfolio Management LLC ($382.7 million), Vanguard Capital Management LLC ($274.9 million), State Street Corp ($234.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TXNM's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), TXNM ENERGY INC (TXNM) reported revenue of $2.1 billion (up 9.0% from FY2024) and net income of $151.4 million. Diluted EPS was $1.48. The figures come from the XBRL data in the 10-K.
What are the main risks in TXNM's latest 10-K?
In the 10-K filed February 27, 2026, TXNM ENERGY INC (TXNM) flagged: Regulatory risk from May 18, 2025 Merger Agreement triggering “Change of Control” in TXNM and TNMP debt agreements, requiring amendments to avoid default. Geopolitical/macro risk from Federal Reserve inflation actions potentially impacting TXNM’s capital market access and liquidity. (AI summary of the Risk Factors section.)
What did TXNM report in its latest 8-K?
TXNM ENERGY INC (TXNM) filed an 8-K on September 30, 2026 reporting Item 8.01 (Other Events). Convertible notes convertible October 1–December 31, 2026 at 22.5654 shares per $1,000, equivalent to $44.32 per share.
What are the latest TXNM SEC filings?
TXNM ENERGY INC (TXNM) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 30, 2026 and a Form 4 insider filing on August 17, 2026.
What is TXNM's SEC CIK number?
TXNM ENERGY INC (TXNM)'s SEC Central Index Key (CIK) is 1108426. EDGAR lists every TXNM filing under that number.
Ask anything about TXNM
The research agent reads TXNM's filings, financials, insider trades and 13F holders, then answers with sources.