TXNM Energy reports 2025 GAAP earnings of $1.48 per diluted share.

TXNM Energy reported 2025 GAAP earnings of $1.48 per diluted share and ongoing earnings per share of $2.33. The company does not plan to issue 2026 earnings guidance due to the proposed transaction with Blackstone Infrastructure. PNM and TNMP continue to grow and focus on meeting customer needs in New Mexico and Texas, with TNMP supporting a 28% increase in system peak demand and PNM delivering 80% carbon-free energy in 2025.