NYSE:TXNM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	2,458	N/A	N/A	940	4
12/31/2026	2,306	N/A	N/A	854	4
12/31/2025	2,164	N/A	N/A	717	5
12/31/2024	1,971	242	-739	508	N/A
9/30/2024	1,906	176	-685	488	N/A
6/30/2024	1,843	83	-642	478	N/A
3/31/2024	1,832	80	-588	512	N/A
12/31/2023	1,939	88	-525	551	N/A
9/30/2023	2,103	154	-465	552	N/A
6/30/2023	2,327	238	-382	592	N/A
3/31/2023	2,350	209	-385	582	N/A
12/31/2022	2,250	170	-345	567	N/A
9/30/2022	2,108	165	-575	567	N/A
6/30/2022	1,932	156	-485	591	N/A
3/31/2022	1,859	194	-395	578	N/A
12/31/2021	1,780	196	-387	548	N/A
9/30/2021	1,705	193	-154	526	N/A
6/30/2021	1,623	202	-176	494	N/A
3/31/2021	1,554	206	-233	478	N/A
12/31/2020	1,523	173	-193	486	N/A
9/30/2020	1,508	196	-147	520	N/A
6/30/2020	1,469	177	-170	497	N/A
3/31/2020	1,442	43	-122	492	N/A
12/31/2019	1,458	77	-113	503	N/A
9/30/2019	1,457	-10	-118	463	N/A
6/30/2019	1,446	-25	-83	466	N/A
3/31/2019	1,468	89	-72	454	N/A
12/31/2018	1,437	86	-73	428	N/A
9/30/2018	1,425	86	N/A	424	N/A
6/30/2018	1,423	73	N/A	457	N/A
3/31/2018	1,433	72	N/A	471	N/A
12/31/2017	1,445	80	N/A	523	N/A
9/30/2017	1,449	159	N/A	511	N/A
6/30/2017	1,429	140	N/A	494	N/A
3/31/2017	1,382	129	N/A	456	N/A
12/31/2016	1,363	117	N/A	408	N/A
9/30/2016	1,363	1	N/A	372	N/A
6/30/2016	1,380	7	N/A	399	N/A
3/31/2016	1,417	12	N/A	411	N/A
12/31/2015	1,439	16	N/A	387	N/A
9/30/2015	1,450	126	N/A	424	N/A
6/30/2015	1,447	121	N/A	401	N/A
3/31/2015	1,440	118	N/A	405	N/A
12/31/2014	1,436	116	N/A	415	N/A
9/30/2014	1,412	105	N/A	402	N/A
6/30/2014	1,398	104	N/A	350	N/A
3/31/2014	1,399	102	N/A	464	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TXNM's forecast earnings growth is above the savings rate (2.8%).

Earnings vs Market: Insufficient data to determine if TXNM's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if TXNM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TXNM's revenue (7.4% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: TXNM's revenue (7.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TXNM's Return on Equity is forecast to be low in 3 years time (9.9%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/14 21:22
End of Day Share Price	2025/03/14 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TXNM Energy, Inc. is covered by 21 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gary Hovis	Argus Research Company
David Parker	Baird
Daniel Ford	Barclays

TXNM Energy Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

TXNM Energy, Inc. Provides Consolidated Earnings Guidance for the Year 2025

Price target increased by 8.1% to US$50.85

TXNM Energy, Inc. Updates Earnings Guidance for the Year 2024

PNM Resources, Inc. Affirms Consolidated Earnings Guidance for the Year 2024

PNM Resources, Inc. Provides Consolidated Earnings Guidance for the Year 2024

Pnm Resources, Inc. Provides Earnings Guidance for 2023

Recent updates

Chairman & CEO exercised options and sold US$445k worth of stock

TXNM Energy Reportedly Weighs Sale After Receiving Takeover Interest

Chairman & CEO exercised options and sold US$708k worth of stock

Dividend of US$0.41 announced

TXNM Energy, Inc. Declares Regular Quarterly Dividend, Payable on May 16, 2025

Full year 2024 earnings: EPS and revenues miss analyst expectations

TXNM Energy, Inc. Provides Consolidated Earnings Guidance for the Year 2025

Why We're Not Concerned About TXNM Energy, Inc.'s (NYSE:TXNM) Share Price

Upcoming dividend of US$0.41 per share

TXNM Energy (NYSE:TXNM) Is Increasing Its Dividend To $0.4075

TXNM Energy, Inc. to Report Fiscal Year 2024 Results on Feb 21, 2025

TXNM Energy (NYSE:TXNM) Shareholders Will Want The ROCE Trajectory To Continue

Price target increased by 8.1% to US$50.85

A Look At The Fair Value Of TXNM Energy, Inc. (NYSE:TXNM)

Third quarter dividend increased to US$0.41

TXNM Energy, Inc. Appoints Joseph D. Tarry as President and Chief Operating Officer

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

TXNM Energy, Inc. Updates Earnings Guidance for the Year 2024

Investors Still Waiting For A Pull Back In TXNM Energy, Inc. (NYSE:TXNM)

Upcoming dividend of US$0.39 per share

TXNM Energy, Inc. to Report Q3, 2024 Results on Nov 01, 2024

TXNM Energy's (NYSE:TXNM) Returns On Capital Are Heading Higher

Second quarter dividend of US$0.39 announced

TXNM Energy, Inc. Announces Retirement of Elisabeth A. Eden as Chief Financial Officer

Chairman & CEO exercised options and sold US$506k worth of stock

Now 20% undervalued

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

PNM Resources Board Declares Quarterly Common Stock Dividend, Payable on August 9, 2024

PNM Resources, Inc. to Report Q2, 2024 Results on Jul 31, 2024

PNM Resources, Inc.(NYSE:PNM) dropped from Russell Small Cap Comp Growth Index

Now 20% undervalued after recent price drop

PNM Resources, Inc. (NYSE:PNM) Not Lagging Market On Growth Or Pricing

Now 21% undervalued after recent price drop

PNM Resources, Inc. Affirms Consolidated Earnings Guidance for the Year 2024

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 20% undervalued after recent price drop

PNM Resources (NYSE:PNM) Has Announced A Dividend Of $0.3875

Upcoming dividend of US$0.39 per share

Now 20% undervalued after recent price drop

PNM Resources: Medium Term Growth Potential But Less Financial Flexibility

PNM Resources, Inc. to Report Q1, 2024 Results on Apr 30, 2024

PNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875

Fourth quarter dividend of US$0.39 announced

Insufficient new directors

PNM Resources, Inc., Annual General Meeting, Jun 04, 2024

PNM Resources, Inc. Provides Consolidated Earnings Guidance for the Year 2024

PNM Resources: No Merger, No Thank You

Avangrid, Inc. (NYSE:AGR) cancelled the acquisition of PNM Resources, Inc. (NYSE:PNM).

PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875

PNM Resources, Inc. to Report Fiscal Year 2023 Results on Feb 06, 2024

PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875

PNM Resources, Inc. Announces Executive Changes

Is PNM Resources (NYSE:PNM) Using Too Much Debt?

Pnm Resources, Inc. Announces Quarterly Dividend on Common Stock, Payable on February 16, 2024

Pnm Resources, Inc. Provides Earnings Guidance for 2023

Third quarter 2023 earnings released: EPS: US$0.44 (vs US$1.42 in 3Q 2022)

Returns On Capital At PNM Resources (NYSE:PNM) Have Stalled

Upcoming dividend of US$0.37 per share at 3.3% yield

PNM Resources, Inc. to Report Q3, 2023 Results on Oct 27, 2023

PNM Resources: Exciting Initiatives Is Boosting The Bottom Line

PNM Resources: Debate Hinges On Merger, Economic Value Absent Either Way

PNM Resources, Inc. Declares Regular Quarterly Dividend, Payable on November 10, 2023

Calculating The Fair Value Of PNM Resources, Inc. (NYSE:PNM)

PNM Resources (NYSE:PNM) Has A Somewhat Strained Balance Sheet

PNM Resources, Inc. Provides Guidance for the Second Quarter of 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

PNM Resources, Inc. Declares Quarterly Common Stock Dividend, Payable on August 25, 2023

PNM Resources, Inc. to Report Q2, 2023 Results on Aug 04, 2023

PNM Resources, Inc. to Report Q2, 2023 Results on Aug 04, 2023