TXNM Energy Inc - Company Profile
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TXNM Energy Inc (TXNM ), formerly known as PNM Resources Inc, is an energy holding company that operates through its energy utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The company generates, transmits, and distributes electricity; and transports natural gas. It produces electricity from coal, natural gas, nuclear, solar, wind, and geothermal sources through long-term power purchase agreements. TXNM also sources energy from Valencia, Red Mesa Wind, the Lightning Dock Geothermal facility, New Mexico Wind, and NMRD-owned solar facility. TXNM’s transmission lines are interconnected with utilities in Arizona, Texas, New Mexico, Colorado, and Utah. The company serves residential¸ commercial, industrial and public authority and wholesale customers in New Mexico and Texas. TXNM is headquartered in Albuquerque, New Mexico, the US.
Headquarters
United States of America
Address
414 Silver Ave. Sw, Albuquerque, New Mexico, 87102-3289
Website
www.txnmenergy.com
Telephone
1 505 2412700
No of Employees
1,700
Industry
Power
Ticker Symbol & Exchange
TXNM (NYSE)
Revenue (2024)
$2.2B
9.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-37.4%
(2024 vs 2023)
Market Cap*
$6.3B
Net Profit Margin (2024)
XYZ
-43.1%
(2024 vs 2023)
* As of and is in US$
TXNM Energy Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Electricity Transmission |
| Operation and Maintenance | |
| Electricity Distribution | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Regulatory Approval | In February, the company received approval from the Public Utility Commission of Texas to be acquired by Blackstone Infrastructure, a global alternative asset manager. |
| 2025 | Regulatory Approval | In March, TNMP received approval from the Public Utility Commission of Texas for its 2025-2027 System Resiliency Plan. |
| 2024 | Divestiture | In February, the company sold its 50% stake in its renewable joint venture, New Mexico Renewable Development, LLC to Exus North America Holdings, LLC. |
Competitor Comparison
| Key Parameters | TXNM Energy Inc | FirstEnergy Corp | Xcel Energy Inc | CenterPoint Energy Inc | Ameren Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Albuquerque | Akron | Minneapolis | Houston | St. Louis |
| State/Province | New Mexico | Ohio | Minnesota | Texas | Missouri |
| No. of Employees | 1,700 | 11,186 | 11,534 | 8,794 | 8,913 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Patricia K. Collawn | Chairman | Executive Board | 2022 | 66 |
| Joseph D. Tarry | Chief Executive Officer; Director; President | Executive Board | 2025 | 54 |
| Henry Monroy | Chief Financial Officer; Senior Vice President | Senior Management | 2025 | - |
| Sheila Mendez | Chief Information Officer; Vice President | Senior Management | 2024 | - |
| Mike Mertz | Senior Vice President - Operations | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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