TXNM Energy Q4 EPS Misses Expectations, Revenue Surpasses by $20M

TXNM Energy reported FY non-GAAP EPS of $2.33, missing estimates by $0.27. Revenue of $2.17B (+10.2% Y/Y) beat estimates by $20M. The company's revenue growth was driven by an increase in production volumes and higher realized prices. However, the company's earnings miss was attributed to higher operating expenses and lower margins.