TXNM ENERGY INC
Close on Oct 19, 2026
- Market cap
- $6.60B
- P/E (TTM)
- 42.4
- Dividend yield
- 2.82%
About Txnm Energy
Electric Services, SIC 4911
TXNM Energy, Inc. operates as an energy holding company that provides electric utility services through its two regulated subsidiaries, PNM and TNMP. The company generates, transmits, and distributes electricity, utilizing a diversified power portfolio that includes renewable resources such as solar, wind, and geothermal, alongside battery energy storage, natural gas, nuclear, and coal assets. Its operations also encompass wholesale electricity transmission services. TXNM serves a diverse customer base consisting of residential, commercial, and industrial consumers, as well as wholesale transmission counterparties and retail electric providers.
Across its operational footprint, the company serves approximately 842,000 customers in New Mexico and Texas. PNM maintains 3,450 miles of electric transmission lines across north-central and southern New Mexico, serving nine sovereign nations and major metropolitan centers including Albuquerque and Santa Fe. In Texas, TNMP operates 1,049 miles of electric transmission lines across three non-contiguous territories along the Gulf Coast, west Texas, and north-central Texas. The text does not disclose the company's headquarters location.
Summary of the business section of Txnm Energy's latest annual report, written by StockData.
Company profile
Company
- Legal name
- TXNM ENERGY INC
- Founded
- 2000
- Headquarters
- Albuquerque, NM
- Address
- 414 Silver Ave. Sw 87102-3289
- Phone
- (505) 241-2700
- Website
- txnmenergy.com
- Employees
- 389, Dec 31, 2025
- Industry
- Electric Services
- Incorporated in
- NM
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- TXNM
- Exchange
- NYSE
- Shares outstanding
- 103M, Jul 24, 2026
- Public float
- $5.93B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Jun 14, 2004
- SEC CIK
- 1108426
- CUSIP
- 69349H107
- ISIN
- US69349H1077
- LEI
- 5493003JOBJGLZSDDQ28
- EIN
- 85-0019030
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Patricia K. Collawn | EXECUTIVE CHAIR, Director | 770,533 |
| Joseph Don Tarry | President and CEO, Director | 57,610 |
| Gerald R. Bischoff | VP and Corporate Controller | 1,779 |
| Brian Iverson | Gen Couns, SVP Reg-Pub Policy | 9,119 |
| Henry E. Monroy | SVP and CFO | 9,046 |
| Monique Jacobson | SVP, Corporate Services | 658 |
| Elisabeth A. Eden | SVP & CFO | 21,577 |
| E. Renae Conley | Director | 39,971 |
| Lillian J. Montoya | Director | 8,992 |
| Steven Maestas | Director | 8,992 |
| Norman P. Becker | Director | 30,802 |
| James Alton Hughes | Director | 22,217 |
| Maureen T. Mullarkey | Director | 34,487 |
| Sidney M. Gutierrez | Director | 32,135 |
| Vicky A. Bailey | Director | 20,417 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $3.90M | $3.90M | $1.04M | $142 | $144 |
| FY2025 Departing PEO | $5.22M | $6.20M | $1.04M | $142 | $144 |
| FY2024 | $5.63M | $5.48M | $1.54M | $115 | $128 |
| FY2023 | $7.67M | $4.90M | $1.50M | $92 | $107 |
| FY2022 | $6.60M | $7.81M | $1.55M | $105 | $117 |
| FY2021 | $5.59M | $4.29M | $1.19M | $95 | $116 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, PNM had 389 employees in its power plant and operations areas that are currently covered by a collective bargaining agreement with the IBEW Local 611 that is in effect through April 30, 2026.”
Corporate history
Events identified from SEC filings