TXNM Energy, Inc.

TXNM

US69349H1077

Electric Utilities

Market Closed - Nyse Other stock markets 04:00:02 2025-06-13 pm EDT			5-day change	1st Jan Change
56.54 ^USD	-0.35%		-0.37%	+14.99%

May. 27	TXNM Energy, Inc. Enters into the Fourteenth Amendment to Credit Agreement	CI
May. 23	Siebert Williams Shank Downgrades TXNM Energy to Hold From Buy, Price Target is $59	MT

Utilities Advance After TXNM Deal - Utilities Roundup

Published on 05/19/2025 at 17:22

Shares of power producers rose amid deal activity.

Investment firm Blackstone moved to expand its flourishing infrastructure business with a deal to buy energy holding company TXNM Energy for nearly $5.7 billion in cash.

"[With] higher demand, in part due to artificial intelligence, due to cryptocurrency, due to electric vehicles, due to data-center storage, we're going to see more and more major investment companies voting with their pocketbooks as they buy into this space," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

Tax credits for clean-electricity generation and manufacturing are set to vanish under a plan proposed last week by congressional Republicans.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-19-25 1721ET

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BLACKSTONE INC.	136.41USD	-3.11%	-2.88%	109B
	TXNM ENERGY, INC.	56.54USD	-0.35%	-0.37%	5.26B

Latest news about TXNM Energy, Inc.

TXNM Energy, Inc. Enters into the Fourteenth Amendment to Credit Agreement	May. 27	CI
Siebert Williams Shank Downgrades TXNM Energy to Hold From Buy, Price Target is $59	May. 23	MT
Group that blocked New Mexico utility merger eyes data centers in Blackstone deal	May. 21	RE
The Fragile Confidence Act	May. 20
Mizuho Downgrades TXNM Energy to Neutral From Outperform, Adjusts Price Target to $61.25 From $56	May. 20	MT
TXNM Energy Announces CFO Transition To Henry Monroy	May. 20	RE
TXNM Energy Appoints Henry Monroy Finance Chief	May. 20	MT
TXNM Energy, Inc. Announces CFO Changes	May. 20	CI
TXNM Energy, Inc. Appoints Henry Monroy as Its New Senior Vice President	May. 20	CI
Analyst recommendations; Applovin, HP, Metlife, Micron, Pure Storage….	May. 20
PRESS DIGEST-Wall Street Journal - May 20	May. 20	RE
Utilities Advance After TXNM Deal - Utilities Roundup	May. 19	DJ
Equities End Mostly Higher, Yields Retreat After Moody's US Downgrade	May. 19	MT
Wall Street stocks finish flat with sentiment weakened by Moody's downgrade	May. 19	RE
US Equities Markets Rise Monday as Investors Assess Moody's Downgrade	May. 19	MT
Deals of the day-Mergers and acquisitions	May. 19	RE
Sector Update: Financial Stocks Mixed Late Afternoon	May. 19	MT
Sector Update: Energy Stocks Fall Late Afternoon	May. 19	MT
Wall Street stocks edge lower with sentiment weakened by Moody's downgrade	May. 19	RE
Blackstone bets on soaring power demand with $11.5 billion TXNM Energy deal	May. 19	RE
Blackstone bets on soaring power demand with $11.5 billion TXNM Energy deal	May. 19	RE
Sector Update: Financial Stocks Rise Monday Afternoon	May. 19	MT
Equities Rise Intraday as Markets Weigh Moody's US Downgrade, Fed Official's Remarks	May. 19	MT
Sector Update: Energy Stocks Decline Monday Afternoon	May. 19	MT
Blackstone Infrastructure Strategies L.P., TXNM Energy, Inc. - M&A Call	May. 19

Chart TXNM Energy, Inc.

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TXNM: Dynamic Chart

Company Profile

TXNM Energy, Inc., formerly PNM Resources, Inc., is an energy holding company. The Company provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas through its regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Companyâs (TNMP). PNM is a regulated utility in New Mexico with operations primarily engaged in the generation, transmission and distribution of electricity. PNM serves nearly 550,000 New Mexico residential and business customers in Greater Albuquerque, Rio Rancho, Los Lunas, and others. TNMP provides transmission and distribution services in Texas. TNMP owns 992 circuit miles of overhead electric transmission lines; 7,319 pole miles of overhead distribution lines; 1,433 circuit miles of underground distribution lines, and 128 substations. TNMP provides transmission and distribution services to Retail Electric Providers (REPs) that provide electric service to customers in TNMPâs service territories.

Employees

1,695

Sector

Electric Utilities

Calendar

Jul. 30 - Q2 2025 Earnings Release (Projected)

More about the company