What's the long-term outlook for TXNM's EPS growth?

TXNM Energy's long-term outlook for EPS growth appears promising, underpinned by strategic investments and a robust financial performance:

1. **Earnings Growth Trajectory**: TXNM Energy has outlined an ambitious plan to achieve 7%-9% EPS growth through 2029, with a projected investment of $7.8 billion. This growth trajectory is a clear indication of the company's confidence in its ability to enhance shareholder value over the long term.
2. **Recent Performance and Guidance**: The company's ongoing EPS for 2024 was $2.74, surpassing analyst estimates. Additionally, the introduction of 2025 guidance at $2.74 to $2.84 per share reflects a continued focus on growth. This consistency in performance and guidance provides a positive signal for future EPS growth.
3. **Strategic Investments**: TXNM Energy has increased its 5-year capital investment plan to $7.8 billion, a 26% increase from the previous plan. These investments are aimed at improving grid infrastructure and reliability, which is expected to drive future growth and support EPS growth in the long term.
4. **Financial Health and Cash Flow**: The company's financial statements show a solid financial position, with a cash flow statement indicating strategic investments in Texas transmission projects. This financial strength is crucial for executing its investment plan and supporting ongoing and future EPS growth.
5. **Market Position and Growth Focus**: TXNM Energy's focus on infrastructure investments and its strong market position in Texas are expected to contribute to sustained growth in the coming years. This growth focus is likely to translate into continued EPS growth as the company capitalizes on market opportunities.

In conclusion, TXNM Energy's long-term outlook for EPS growth is positive, based on its strategic investments, strong financial performance, and growth focus. The company's guidance and recent achievements suggest that it is well-positioned to achieve its ambitious EPS growth targets through 2029.