TXNM Energy
Albuquerque, New Mexico, United States · Biomass Energy, Energy, Energy Efficiency
TXNM Energy is an energy holding company based in Albuquerque, New Mexico. It delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. The company focuses on providing safe and reliable energy solutions while investing in resiliency programs. TXNM Energy operates with a commitment to sustainability and community engagement
Key facts
- Headquarters
- Albuquerque, New Mexico, United States
- Employees
- 74
- Industries
- Biomass Energy, Energy, Energy Efficiency
- Status
- Public (TXNM)
- Website
- txnmenergy.com
Recent activity at TXNM Energy
- : TXNM Energy completes acquisition of PNM Resources
- : TXNM Energy announces a public offering of common stock worth $400 million. The proceeds are intended to repay borrowings under its term loan agreement.
- : SEC 8-K (1.01): On August 19, 2026, Public Service Company of New Mexico (PNM) entered into a Note Purchase Agreement with TXNM Energy, Inc., in which PNM, a wholly-owned subsidiary of TXNM, is the primary party. This agreement allows PNM to raise capital through the issuance of notes, although specific financial amounts were not disclosed in the filing. The agreement is significant as it fortifies PNM's financial standing in the market and supports its operational needs, maximally leveraging its relationship with TXNM Energy. This transaction is expected to have strategic implications for future project funding and financial flexibility.
- : SEC 8-K (2.02): On July 31, 2026, TXNM Energy, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company announced their results of operations for the three and six months ended June 30, 2026. This filing provides insights into the financial performance of the companies for the specified periods, indicating profitability trends and operational efficiency. Details regarding key financial metrics, comparative analyses with previous periods, and overall implications for stakeholders are likely included in the press release. The announcement is significant as it reflects the companies' financial health and strategic direction moving forward.
- : SEC 8-K (1.01): On July 21, 2026, Public Service Company of New Mexico (PNM) entered into a $195.0 million term loan agreement with various lenders and Canadian Imperial Bank of Commerce, New York Branch, serving as the administrative agent. This agreement is effective immediately and mandates repayment by January 21, 2028. The proceeds from this loan are intended to refinance existing debt, thereby impacting PNM's financial structure and liquidity position positively. This agreement reflects strategic financial management aimed at optimizing capital costs for the company.
- : SEC 8-K (5.01): On June 10, 2026, TXNM Energy, Inc. held its Annual Meeting of Shareholders where significant votes were conducted for the election of directors. The nominees elected to the Board for a term expiring at the next Annual Meeting in 2027 are Vicky A. Bailey, Norman P. Becker, and Patricia K. Collawn, with respective votes of 88,707,042, 88,872,216, and 87,848,176 in favor. This meeting was held to ensure governance and strategic decisions align with shareholder interests, given that there were a total of 110,707,257 shares outstanding as of the record date of April 21, 2026. The results indicate strong shareholder support for the nominated directors and could imply a commitment to continuity in leadership and strategic direction.
- : SEC 8-K (7.01): On May 29, 2026, TXNM Energy, Inc.’s subsidiary, Texas-New Mexico Power Company (TNMP), filed a comprehensive settlement regarding its base rate review with the Public Utility Commission of Texas (PUCT). This settlement is significant as it aims to resolve ongoing regulatory matters affecting TNMP’s pricing structure. The agreement is expected to impact the utility's operational and financial strategies. This filing serves to disclose the material event under Regulation FD, informing investors about the settlement to ensure clarity on future financial implications and regulatory compliance.
- : SEC 8-K (5.02): On February 25, 2026, TXNM Energy, Inc. approved new compensatory arrangements for its named executive officers. The Compensation and Human Capital Committee initiated these changes, which were subsequently approved by the full Board on February 26, 2026. This includes the approval of the 2026 Officer Annual Incentive Plan, although specific financial amounts and detailed terms of the plan were not disclosed in the filing. These adjustments reflect the company's continued strategy to enhance executive performance and align compensation with company goals, particularly after recent operational shifts.
- : SEC 8-K (1.01): On December 18, 2025, TXNM Energy, Inc.'s subsidiary, Texas-New Mexico Power Company, entered into a Material Definitive Agreement by issuing $70,000,000 aggregate principal amount of Series 2025H Bonds. This financing move is strategic for TNMP as it aims to support its capital projects and enhance its liquidity. The bonds are expected to provide the company with the resources necessary for operational growth and potential expansion initiatives. This transaction is pivotal as it strengthens TNMP's financial position amidst changing market dynamics.
- : SEC 8-K (1.01): On November 18, 2025, TXNM Energy, Inc.’s indirect wholly-owned subsidiary, Texas-New Mexico Power Company (TNMP), entered into a material definitive agreement to issue $70,000,000 in aggregate principal amount of 4.69% First Mortgage Bonds, due December 18, 2031, as part of a private placement. This transaction involved the sale of the Bonds to institutional accredited investors under an exemption from registration as per the Securities Act of 1933. The agreement is significant as it enhances TNMP's funding capabilities for its operations and future projects, indicating a strategic move to strengthen its financial position. The Bond Purchase Agreement for this issuance was dated November 1, 2025.
TXNM Energy funding history
| Date | Round | Amount |
|---|---|---|
| Aug 2026 | Debt Financing | $400.0M |
Leadership
- Richard, Director of Technology & Communications
- Monique Jacobson, Senior Vice President
- Lisa, VP Investor and Community Relations
- Mike Mertz, Principal Advisor, Operations and Special Projects
Verified email and direct lines for TXNM Energy’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
TXNM Energy files 11 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
TXNM Energy in the news
- TXNM Energy Enters Agreement to be Acquired by Blackstone Infrastructure - Blackstone (May 19, 2025)
- TXNM Energy and Blackstone Infrastructure Extend Merger Agreement - Nasdaq (Jul 17, 2026)
- TNMP Files 2025 - 2027 System Resiliency Plan - Stock Titan (Aug 29, 2024)
- TXNM Energy, Inc. (98P.F) company profile and facts - Yahoo Finance Australia (Mar 09, 2018)
- TXNM Energy to Announce 2024 Earnings and 2025 Guidance on February 21 - Lelezard (Jan 21, 2025)
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About TXNM Energy: questions and answers
What does TXNM Energy do?
TXNM Energy is an energy holding company based in Albuquerque, New Mexico. It delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. The company focuses on providing safe and reliable energy solutions while investing in resiliency programs. TXNM Energy operates with a commitment to sustainability and community engagement
Where is TXNM Energy headquartered?
TXNM Energy is headquartered in Albuquerque, New Mexico, United States.
How many employees does TXNM Energy have?
TXNM Energy has about 74 employees.
Has TXNM Energy raised funding?
Yes. Fundz has recorded 1 funding event for TXNM Energy. The most recent, Debt Financing of $400.0M, was in Aug 2026.
Who leads TXNM Energy?
Monique Jacobson is a Senior Vice President at TXNM Energy.
What is the latest news on TXNM Energy?
On Oct 04, 2026, TXNM Energy completes acquisition of PNM Resources
Is TXNM Energy a public company?
Yes. TXNM Energy is publicly traded under the ticker TXNM.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy