TXNM Energy, Inc.

NYSE:TXNM Stock Report

Market Cap: US$6.6b

TXNM Energy Future Growth

Future criteria checks 0/6

TXNM Energy is forecast to grow revenue at 7.6% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Electric Utilities earnings growth10.6%
Revenue growth rate7.6%
Future return on equity9.51%
Analyst coverage

Low

Last updated04 May 2026

Recent future growth updates

Recent updates

Narrative Update • Feb 20

TXNM: Dividend Raise And Pending Buyout Will Support A Fairly Valued Hold

Analysts kept their average price target for TXNM Energy effectively unchanged at approximately $60.79. This reflects consistent views on fair value, discount rate, growth, margins, and future P/E assumptions.
Narrative Update • Feb 06

TXNM: Dividend Increase And Buyout Agreement Will Support A Fairly Valued Hold

Analysts have modestly adjusted their price target on TXNM Energy to reflect updated assumptions around the discount rate and forward P/E. This has led to a refined valuation estimate rather than a material shift in expected value.
Narrative Update • Jan 22

TXNM: Hold Downgrade And Dividend Commitments Will Shape Fairly Valued Outlook

Narrative Update on TXNM Energy The consensus analyst price target for TXNM Energy has shifted to $61.25 from $58, with analysts citing the recent downgrade to Hold as a key factor behind the updated view. Analyst Commentary Recent research reflects a more balanced stance on TXNM Energy, with the new Hold rating paired with a higher price target of $61.25 compared with $58 previously.
Narrative Update • Jan 06

TXNM: Pending Blackstone Takeover And Dividend Policy Will Shape Future Returns

Narrative Update on TXNM Energy The analyst price target for TXNM Energy has shifted slightly higher to about $60.79 from $60.63, as analysts align their models more closely with the recently cited $61.25 per share takeout reference and adjust assumptions around revenue growth, margins, and future P/E. Analyst Commentary Recent research on TXNM Energy has centered on the proposed Blackstone Infrastructure takeover at $61.25 per share, with current ratings and price targets largely anchored to that reference point.
Narrative Update • Dec 14

TXNM: Pending Blackstone Deal And Dividend Policy Will Shape Future Share Performance

Analysts nudged their price target on TXNM Energy higher to $61.25 from $58.00, citing alignment with the assumed Blackstone Infrastructure takeover value and a more balanced risk reward profile that supports Hold or Neutral ratings. Analyst Commentary Analysts describe the new $61.25 price target as a ceiling defined by the assumed Blackstone Infrastructure takeover value, framing the equity story as largely event driven rather than driven by standalone growth or margin expansion.
Narrative Update • Nov 23

TXNM: Blackstone Acquisition Approval And Integration Will Influence Near-Term Performance

Analysts have modestly raised their price target for TXNM Energy to $61.25 per share, citing recent coverage updates and expectations related to the Blackstone Infrastructure acquisition. Analyst Commentary Recent updates from street research have provided a nuanced outlook on TXNM Energy, reflecting both optimism and caution regarding the company’s prospects amid ongoing strategic developments.
Narrative Update • Nov 07

TXNM: Pending Blackstone Takeover And Profitability Improvements Will Shape Outlook

Analysts have raised their price target for TXNM Energy from $60.08 to $60.63 per share. This reflects revised margin and valuation assumptions, even as growth outlooks have become more restrained.
Narrative Update • Oct 24

Blackstone Acquisition Will Shape New Mexico Energy And Data Center Expansion

Analysts have maintained their price target for TXNM Energy at $61.25 per share. They cite stable fair value estimates, while also noting slightly higher expected revenue growth, balanced by a modest decrease in profit margin forecasts.
Narrative Update • Oct 09

Texas Data Centers And Renewable Energy Will Transform Infrastructure

Analysts have raised their price target for TXNM Energy from $58.89 to $60.08 per share, supported by recent street research that suggests expectations the Blackstone Infrastructure takeover will close at a premium valuation. Analyst Commentary Street research has provided new insights into TXNM Energy's current valuation and future prospects as the Blackstone Infrastructure takeover continues to unfold.
Seeking Alpha • Sep 08

TXNM Energy: The Need For Capital Versus Regulatory Skepticism

Summary The TXNM-Blackstone merger offers a potential 9% annualized return, but regulatory approval is uncertain and downside risk is significant if the deal fails. TXNM’s high debt, volatile earnings, and regulatory challenges in New Mexico undermine the low-risk appeal typical of merger arbitrage opportunities. Blackstone’s interest is driven by TXNM’s Texas operations, but New Mexico’s regulatory hurdles and opposition from advocacy groups remain key obstacles. Given the 30-40% chance of deal failure and limited upside, I recommend a Hold, as the risk-reward profile is not compelling for new buyers. Read the full article on Seeking Alpha
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New Narrative • Sep 03

Texas Utility's Bold Strategy Fuels Growth Amid Weather Challenges And Regulatory Dynamics

Strategic capital investments aimed at improving weather response and grid modernization will drive revenue growth and enhance operational efficiency.
Seeking Alpha • Apr 07

PNM Resources: Medium Term Growth Potential But Less Financial Flexibility

Summary PNM Resources has medium term EPS growth potential given its expected growth in its regulated rate base. Given PNM Resources has fairly high leverage, the company doesn't have as much financial flexibility while maintaining investment grade credit rating if it needs to spend more. I rate PNM Resources a 'Buy' and I would own it in a diversified portfolio. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:TXNM - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,698N/AN/A1,0502
12/31/20272,513N/AN/A9683
12/31/20262,328296N/A8651
3/31/20262,188146-570596N/A
12/31/20252,166151-611584N/A
9/30/20252,109177-642585N/A
6/30/20252,031177-791483N/A
3/31/20252,017204-744557N/A
12/31/20241,971242-739508N/A
9/30/20241,906176-685488N/A
6/30/20241,84383-642478N/A
3/31/20241,83280-588512N/A
12/31/20231,93988-525551N/A
9/30/20232,103154-465552N/A
6/30/20232,327238-382592N/A
3/31/20232,350209-385582N/A
12/31/20222,250170-345567N/A
9/30/20222,108165-575567N/A
6/30/20221,932156-485591N/A
3/31/20221,859194-395578N/A
12/31/20211,780196-387548N/A
9/30/20211,705193-154526N/A
6/30/20211,623202-176494N/A
3/31/20211,554206-233478N/A
12/31/20201,523173-193486N/A
9/30/20201,508196-147520N/A
6/30/20201,469177-170497N/A
3/31/20201,44243-122492N/A
12/31/20191,45877N/A503N/A
9/30/20191,457-10N/A463N/A
6/30/20191,446-25N/A466N/A
3/31/20191,46889N/A454N/A
12/31/20181,43786N/A428N/A
9/30/20181,42586N/A424N/A
6/30/20181,42373N/A457N/A
3/31/20181,43372N/A471N/A
12/31/20171,44580N/A523N/A
9/30/20171,449159N/A511N/A
6/30/20171,429140N/A494N/A
3/31/20171,382129N/A456N/A
12/31/20161,363117N/A408N/A
9/30/20161,3631N/A372N/A
6/30/20161,3807N/A399N/A
3/31/20161,41712N/A411N/A
12/31/20151,43916N/A387N/A
9/30/20151,450126N/A424N/A
6/30/20151,447121N/A401N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TXNM's forecast earnings growth is above the savings rate (3.5%).

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 (7.6% per year) is forecast to grow slower than the US market (11.7% per year).

High Growth Revenue: TXNM's revenue (7.6% 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 (9.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 16:38
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gary HovisArgus Research Company
David ParkerBaird
Daniel FordBarclays