$TXNM

TXNM ENERGY INC (TXNM) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. TXNM Energy, Inc. (the “Company”) today notified holders of its 5.75% Junior Subordinated Convertible Notes due 2054 (the “Convertible Notes”) that the Convertible Notes are convertible, at the option of the holders (the “Conversion Option”), over a period

TXNM Energy's board declared a quarterly dividend of $0.4225 per share, payable November 13, 2026, to shareholders of record on October 23, 2026. The company serves over 800,000 customers in Texas and New Mexico.

TXNM Energy (NYSE: TXNM) and Blackstone Infrastructure proposed a revised merger application with a $300M customer and community benefits package. The plan includes $220M in rate credits, $40M for workforce development, and a $5B grid investment commitment. The deal requires regulatory approval.

TXNM Energy (TXNM) and Blackstone Infrastructure proposed a revised merger application with a $300M customer and community benefits package, including $220M in rate credits and $40M for workforce development. The deal supports a $5B capital investment plan and requires regulatory approvals. TXNM Energy's CEO emphasized customer benefits and local commitments.

TXNM Energy (NYSE:TXNM) priced a $400M equity offering at $56.50 per share, expecting $396M net proceeds to repay a $400M term loan. The move reduces interest expense by ~$19.8M annually. The offering, part of the original merger plan with Blackstone, dilutes shares by ~6.9%. The Blackstone acquisition, expected in 2027, remains at $61.25 per share. If delayed, the dilution may impact earnings and dividends.

TXNM Energy (TXNM) completed a $400 million follow-on equity offering, issuing 7.08 million shares at $56.50 each. The company's P/E ratio of 32.6x is higher than peers, and its share price has seen modest gains. Analysts debate its valuation, with DCF models suggesting overvaluation. Regulatory risks and dilution are noted concerns.

TXNM Energy (NYSE: TXNM) priced a public offering of 7,079,646 common shares at $56.50 each, raising approximately $400 million. Proceeds will repay a term loan. Closing is expected September 2, 2026, subject to conditions. Wells Fargo Securities is the book-running manager.

TXNM ENERGY INC (TXNM) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. Public Service Company of New Mexico (“PNM”) 2026 Note Purchase Agreement On August 19, 2026, PNM, a wholly-owned subsidiary of TXNM Energy, Inc. (“TXNM”), entered into a Note Purchase Agreement (the “PNM Note Purchase Agreeme

TXNM Energy (NYSE: TXNM) announced its subsidiary, Public Service Company of New Mexico, declared a $1.145 per share quarterly dividend on its 4.58% series cumulative preferred stock. The dividend will be paid on October 15, 2026, to shareholders of record as of September 30, 2026. TXNM Energy serves over 800,000 customers in Texas and New Mexico.

A Blackstone Infrastructure affiliate and TXNM Energy Inc., the parent of PNM, faced a New Mexico PRC ruling that a $400 million stock transaction was illegal because it lacked prior approval. The firms were ordered to undo the sale. Filings say Blackstone repaid $13.3M in dividends on Aug. 7 after consultation, and the merger timeline was extended to mid-2027.