TXNM ENERGY INC (TXNM) FY2025 10-K Annual Report
TXNM ENERGY INC (TXNM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
TXNM ENERGY INC FY2025 10-K Analysis
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
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
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
TXNM ENERGY INC FY2025 Key Financial MetricsXBRL
Revenue
$2.1B
▲ +9.0% YoY
Net Income
$151M
▼ -37.5% YoY
Operating Margin
20.6%
▼ -250bp YoY
Net Margin
7.1%
▼ -527bp YoY
ROE
4.4%
▼ -510bp YoY
Total Assets
$12.1B
▲ +7.6% YoY
EPS (Diluted)
$1.48
▼ -44.6% YoY
Operating Cash Flow
$584M
▲ +15.0% YoY
Source: XBRL data from TXNM ENERGY INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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