# TXNM Energy, Inc. (TXNM)

> Source: Nexqual · https://nexqual.com/TXNM · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, TXNM Energy, Inc. (TXNM), nexqual.com/TXNM" · informational, not investment advice.

**Price:** USD 58.55 (-0.03% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 58.57 · day 58.48–58.85 · 52w 55.64–59.53 · market cap $6.45B · NYQ

## Key facts
- Last four reported quarters (through Mar 31, 2026): revenue $2.19B, net income $165M (7.5% margin), free cash flow -$570M (SEC filings).
- Valuation: P/E 39.1x (avg 28.8x at the last 3 fiscal year-ends), EV/EBITDA 12.6x, net debt $5.41B.
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 60.7 (range 59–61.25).
- Total return with dividends: 1Y +5.8% vs S&P 500 +18.1%; 5Y +38.5% vs S&P 500 +85.1%.
- Next earnings: 2026-10-30, EPS estimate USD 1.47, revenue estimate $711M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.78B | $2.25B | $1.94B | $1.97B | $2.17B | $2.19B |
| Gross profit | $649M | $740M | $656M | — | — | — |
| Operating income | $308M | $394M | $231M | $453M | $441M | $446M |
| Net income | $212M | $185M | $107M | $259M | $170M | $165M |
| EPS (diluted) | $2.27 | $1.97 | $1.02 | $2.67 | $1.48 | — |
| Free cash flow | -$387M | -$345M | -$525M | -$739M | -$611M | -$570M |
| Gross margin | 36.5% | 32.9% | 33.8% | — | — | — |
| Operating margin | 17.3% | 17.5% | 11.9% | 23.0% | 20.4% | 20.4% |
| Net margin | 11.9% | 8.2% | 5.5% | 13.1% | 7.8% | 7.5% |
| Revenue growth | +16.9% | +26.4% | -13.8% | +1.7% | +9.9% | — |
| Cash + short-term investments | $1.1M | $4.1M | $2.2M | $4.5M | $18.3M | — |
| Total debt | $3.70B | $4.08B | $4.52B | $4.92B | $5.42B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Mar 31, 2026)
P/E 39.1x · P/S 3.0x · EV/EBITDA 12.6x · EV/Sales 5.4x · P/B 1.9x · FCF yield -8.83% · Earnings yield 2.56% · Dividend yield (paid, TTM) 2.66% · Buyback yield (TTM) 0.17% · Net debt $5.41B · EV $11.9B
P/E at fiscal year-ends: Dec 2025 35.5x, Dec 2024 17.2x, Dec 2023 33.6x.

## Analysts
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 60.7 (low 59, high 61.25).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +5.8% | +38.5% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +5.8% | +6.7% |
| Volatility (annualized) | 5.2% | 15.2% |
| Max drawdown | -5.2% (May 2026→Jul 2026) | -25.1% (Feb 2023→Jan 2024) |

## Peers (Utilities - Regulated Electric)
IDA (IDACORP, Inc.) USD 136.83 -0.15% · OGE (OGE Energy Corp) USD 47.05 -0.34% · CIG-C (Comp En De Mn Cemig) USD 3.49 -0.29% · ELPC (Companhia Paranaense de Energia) USD 13.68 -2.29% · PNW (Pinnacle West Capital Corporati) USD 101.58 +0.00% · KEP (Korea Electric Power Corporatio) USD 10.69 -1.38%

## More
Full page: https://nexqual.com/TXNM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt