TXNM Energy, Inc. priced and closed an underwritten public offering of 7,079,646 shares of common stock at $56.50 per share on September 2, 2026. The company received net proceeds of approximately $396 million after deducting underwriting discounts and commissions. These funds are intended to repay borrowings under its existing $400 million term loan agreement with Wells Fargo Securities acting as the sole book-running manager. TXNM Energy is an energy holding company that delivers electricity and natural gas to customers in Texas and New Mexico through regulated utilities.

On August 19, 2026, TXNM Energy Inc. announced that its wholly-owned subsidiaries executed definitive agreements for significant debt issuances. Public Service Company of New Mexico entered into a Note Purchase Agreement to sell $200.0 million in aggregate principal amount of senior unsecured notes: $115.0 million of 5.44% Notes due 2029, $50.0 million of 5.82% Notes due 2034, and $35.0 million of 6.12% Notes due 2038. Proceeds will fund capital expenditures, repay existing indebtedness, and support general corporate purposes. Simultaneously, Texas-New Mexico Power Company issued $150.0 million in First Mortgage Bonds via a Bond Purchase Agreement: $75.0 million of 5.23% Series 2026A Bonds due September 2031 and $75.0 million of 5.46% Series 2026B Bonds due September 2033. These secured bonds will repay short-term debt and finance capital expenditures. TXNM Energy Inc. operates in the regulated electric utility industry, providing electricity to customers in New Mexico and Texas.

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.

Public Service Company of New Mexico, a subsidiary of TXNM Energy, Inc., entered into a $195.0 million term loan agreement with Canadian Imperial Bank of Commerce as administrative agent. The loan is effective July 21, 2026, and matures on January 21, 2028, to refinance a maturing 2025 term loan. The agreement includes a consolidated debt-to-capitalization ratio covenant of 0.65 to 1.00. TXNM Energy, Inc. is a utility company providing electricity and gas services.

TXNM Energy, Inc. extended its merger agreement with Blackstone Infrastructure Partners L.P. to May 31, 2027, to allow for further regulatory approvals. Following a New Mexico Public Regulation Commission order declaring a previous $400 million PIPE transaction void, the company entered into a $400 million term loan with Wells Fargo Bank, National Association, effective July 17, 2026, to unwind the transaction. TXNM Energy plans to issue common stock to repay this loan. The company also waived $175 million of a $350 million termination fee payable to Parent. TXNM Energy is an energy holding company that provides regulated utility services.

The New Mexico Public Regulation Commission (NMPRC) issued a final order declaring a $400 million PIPE Transaction involving TXNM Energy, Inc. and Blackstone Infrastructure Partners L.P. affiliates to be void and of no effect due to lack of prior authorization. The order requires the merger parties to file a compliance report within 45 days to demonstrate how they have unwound the transaction and mandates an aggregate penalty of $300,000. TXNM Energy, Inc. is an energy company providing utility services in New Mexico.