TXNM TXNM ENERGY INC

FY2025 10-K
Filed: Feb 27, 2026
Utilities
Electric ServicesSEC EDGAR

TXNM ENERGY INC (TXNM) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
+3 more insights

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
+3 more insights

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
+3 more insights

Financial Summary
XBRL

Revenue

$2.1B

Net Income

$151M

Operating Margin

20.6%

Net Margin

7.1%

ROE

4.4%

Total Assets

$12.1B

EPS (Diluted)

$1.48

Operating Cash Flow

$584M

Source: XBRL data from TXNM ENERGY INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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