TXNM Energy Inc. Reports Decline in Full-Year Profit

TXNM Energy Inc. reported a 37.5% decline in full-year profit to $151.362 million, or $1.48 per share, compared to $242.154 million, or $2.67 per share last year. Revenue rose 9.8% to $2.165 billion from $1.971 billion last year. Excluding items, the company reported adjusted earnings of $238.930 million or $2.33 per share for the period.