TXNM ENERGY INC TXNM 68.52
Utilities · NYSE · Data as of 2026-09-01
TXNM ENERGY INC (TXNM) has delivered +5.8% annualized revenue growth, +8.9% earnings growth, and +9.2% dividend growth over 10 years of data. Ranked #305 of 1968 stocks overall and #35 of 87 in the Utilities sector by Steady Score.
About TXNM ENERGY INC
Company Overview
TXNM Energy owns regulated electric utilities serving customers in New Mexico and Texas. Public Service Company of New Mexico generates, transmits and distributes electricity, while Texas-New Mexico Power operates a transmission and distribution network in Texas without owning generation for retail supply. Homes and businesses rely on these systems for grid connections, delivery, outage response and infrastructure investment.
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Business Model & Revenue
Revenue comes from regulated rates approved by state and federal authorities. Rates are designed to recover operating costs and provide a return on approved generation, transmission and distribution assets. Customer growth, weather, rate cases and capital projects drive results. New Mexico operations also recover fuel and purchased-power costs, while the Texas utility earns primarily from delivery investment and usage.
Key Facts & Market Position
The two utilities operate under distinct state models: an integrated electric system in New Mexico and a wires-only business in Texas. Renewable additions, plant retirements and transmission expansion are reshaping the asset base. Regulatory approval, regional load growth, wildfire exposure and customer affordability determine the pace and economics of investment.