TXNM Energy Full Year 2024 Earnings: Misses Expectations

Simply Wall St

March 05, 2025

TXNM Energy (NYSE:TXNM) Full Year 2024 Results

Key Financial Results

Revenue: US$1.97b (up 1.7% from FY 2023).
Net income: US$242.2m (up 176% from FY 2023).
Profit margin: 12% (up from 4.5% in FY 2023). The increase in margin was primarily driven by lower expenses.
EPS: US$2.68 (up from US$1.02 in FY 2023).

revenue-and-expenses-breakdown — NYSE:TXNM Revenue and Expenses Breakdown March 5th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

TXNM Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 1.8%.

The primary driver behind last 12 months revenue was the Public Service Company of New Mexico (PNM) segment contributing a total revenue of US$1.38b (70% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$384.9m (40% of total expenses). Explore how TXNM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for TXNM Energy (1 doesn't sit too well with us!) that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if TXNM Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.