TXNM Energy reported third-quarter 2026 GAAP net earnings attributable to the company of $163.4 million, or $1.50 per diluted share, compared to $130.7 million, or $1.22 per diluted share, in the prior-year period. Ongoing earnings were $184.8 million, or $1.62 per diluted share, up from $142.8 million, or $1.33 per diluted share. Year-to-date GAAP net earnings reached $238.4 million, or $2.15 per diluted share, against $161.2 million, or $1.63 per diluted share, in 2025. The company noted that results benefited from rate relief and higher retail load at its PNM and TNMP utilities, partially offset by increased depreciation, property taxes, and interest expense associated with new capital investments. TXNM Energy operates as an energy holding company delivering electricity through regulated utilities in Texas and New Mexico.
