TXNM Energy Inc (TXNM) company profile

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.

“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.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“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.”