TXNM Energy Q2 FY26 GAAP diluted EPS rises to $0.64; ongoing diluted EPS climbs to $0.58
TXNM•Acquisition agreement extended to 2027
TXNM extended its Blackstone Infrastructure acquisition agreement termination date to May 31, 2027; it expects closing in the first half of 2027.
Q2 results rise on higher operating revenue
TXNM Energy posted Q2 GAAP net earnings attributable to shareholders of $71.3 million, swinging from $21.6 million a year earlier; GAAP diluted EPS rose to $0.64 from $0.22.
Ongoing (non-GAAP) diluted EPS increased to $0.58 from $0.25; ongoing net earnings climbed to $64.1 million from $24.5 million.
Electric operating revenues rose to $548.6 million from $502.4 million.
CEO highlights higher retail load and grid investment needs
CEO Don Tarry cited higher retail load at PNM and TNMP, including new all-time system peaks, underscoring the need for grid investment.
