Released Oct 30, 2026, before the open
10-Q filed Oct 30, 2026, 30 days after period end · 0001108426-26-000070
What the release said
On October 30, 2026, TXNM Energy, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing results of operations for the three and nine months ended September 30, 2026.
TXNM Energy reported third quarter 2026 GAAP net earnings attributable to TXNM Energy of $163.4 million, or $1.50 per diluted share, and ongoing earnings of $184.8 million, or $1.62 per diluted share.¶2¶3¶4¶5
Affiliates of Blackstone Infrastructure agreed to acquire TXNM Energy common stock for $61.25 per share; closing is anticipated in the first half of 2027, subject to NMPRC approval.¶6¶7
On September 1, 2026, TNMP filed its first single Unified Tracker Mechanism application with the PUCT, requesting total incremental increases of $77.9 million and $27.0 million in DCRF and TCOS revenue requirements.¶8
PNM expects to file on October 30, 2026 an application with the NMPRC for a Certificate of Convenience and Necessity for a new 345 kV transmission line at an estimated cost of $595 million.¶9
- GAAP diluted EPS, third quarter 2026
- $1.50¶10
- Ongoing diluted EPS, third quarter 2026
- $1.62¶11
- Proposed acquisition price
- $61.25 Per share of TXNM Energy common stock, under the agreement announced May 19, 2025¶6
- Estimated cost of new 345 kV transmission line project
- $595 million Application expected to be filed October 30, 2026¶9
- DCRF revenue requirement increase requested
- $77.9 million Included in TNMP's UTM application filed September 1, 2026, for July 1, 2025 through June 30, 2026¶8
- TCOS revenue requirement increase requested
- $27.0 million Included in TNMP's UTM application filed September 1, 2026, for July 1, 2025 through June 30, 2026¶8
Same quarter
| Metric | Q3 2026 | Q3 2025 |
|---|---|---|
| Revenue | $731.34M | $656.29M |
| Net Income | $168.00M | $136.30M |
| EPS Diluted | $1.50 | $1.22 |
The same fiscal quarter, prior years. Thaler holds no estimates to compare against.
Public Service Co of New Mexico · CIK 81023 · Engraved from SEC EDGAR