TXNM Energy reports 2025 results, $1.48 GAAP earnings, $2.33 ongoing EPS, Blackstone transaction progresses.

TXNM Energy reported 2025 GAAP earnings of $1.48 per diluted share and ongoing earnings per share of $2.33. The company is currently undergoing a proposed transaction with Blackstone Infrastructure, which is progressing through the regulatory approval process. TXNM Energy has not issued 2026 earnings guidance due to the pending transaction.