TXNM Energy reported second quarter 2026 GAAP earnings of $0.64 per diluted share and ongoing earnings of $0.58 per diluted share, compared to $0.22 and $0.25 respectively in the prior year period. The company announced that its acquisition agreement with Blackstone Infrastructure for $61.25 per share has been extended to May 31, 2027, pending remaining regulatory approvals from the Nuclear Regulatory Commission and New Mexico Public Regulation Commission. Additionally, the Public Utility Commission of Texas approved a settlement allowing TNMP to recover $2.8 billion in rate base with a 9.65% return on equity, effective September 13, 2026. TXNM Energy operates as an energy holding company delivering electricity through regulated utilities PNM and TNMP across New Mexico and Texas.
