10-Q quarterly report · filed May 1, 2026

TXNM ENERGY INC (TXNM) Q1 2026 10-Q Quarterly Report

Short answer

TXNM ENERGY INC (TXNM) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $488M (up 1.5% year over year) with net income of $4M.

Q1 2026 key financials · XBRL

Revenue
$488M
+1.5% YoY
Net income
$4M
−58.1% YoY
Operating margin
15.8%
EPS (diluted)
$0.03
−70.0% YoY

Source: XBRL data from the TXNM ENERGY INC (TXNM) Q1 2026 10-Q on SEC EDGAR. USD.

TXNM ENERGY INC Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue and YoY change not provided in supplied MD&A excerpt
  • Profitability margins and YoY comparison not provided in supplied MD&A excerpt
  • Segment or product-line performance not provided in supplied MD&A excerpt
  • Utility plant investment $2.4B during 2024–2025 across PNM and TNMP
  • Merger closing expected second half of 2026, pending NMPRC and NRC approvals; OBBBA may raise renewable development costs

Risk Factors

  • No material changes to TXNM, PNM, or TNMP risk factors since December 31, 2025 10-Ks
  • New commercial paper programs established May 1, 2026, creating short-term unsecured funding exposure
  • Commercial paper caps of $300 million TXNM, $400 million PNM, and $300 million TNMP
  • Notes mature within 364 days, requiring matching unused revolving-credit capacity
  • No commercial paper notes outstanding as of May 1, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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