TXNM Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,166	1,971	1,939	2,250	1,780
Revenue Growth (YoY)	9.86%	1.65%	-13.80%	26.39%	16.86%
Fuel and Purchased Power Expense	716.01	583.98	802.26	987.94	644.85
Operations and Maintenance Expenses	473.62	439.24	418.23	469.18	455.56
Gross Profit	975.98	947.97	718.71	792.43	679.46
Depreciation & Amortization Expenses	425.64	384.93	319.5	304.85	284.11
Taxes Other than Income Tax	109.89	100.58	95.94	92.99	86.01
Other Operating Expenses	-0.73	8.98	71.92	0.83	1.19
Operating Income	441.18	453.49	231.34	393.76	308.15
Interest Income	54.82	50.39	41.21	-62.26	31.51
Interest Expense	-271.52	-228.07	-190.36	-127.91	-96.88
Other Non-Operating Income (Expense)	-44.46	4.43	8.34	7.72	1.64
Total Non-Operating Income (Expense)	-261.17	-173.25	-140.81	-182.45	-63.72
Pretax Income	180.01	280.24	90.53	211.31	244.43
Provision for Income Taxes	10.19	21.52	-16.35	26.13	32.58
Net Income	151.36	242.15	87.82	169.53	195.83
Minority Interest in Earnings	17.94	16.04	18.53	15.12	15.49
Net Income Attributable to Preferred Dividends	0.53	0.53	0.53	0.53	0.53
Net Income to Common	151.36	242.15	87.82	169.53	195.83
Net Income Growth	-37.49%	175.75%	-48.20%	-13.43%	13.34%
Shares Outstanding (Basic)	102	91	86	86	86
Shares Outstanding (Diluted)	102	91	86	86	86
Shares Change (YoY)	13.03%	4.89%	0.23%	0.07%	7.23%
EPS (Basic)	1.49	2.67	1.02	1.97	2.28
EPS (Diluted)	1.48	2.67	1.02	1.97	2.27
EPS Growth	-44.57%	161.77%	-48.22%	-13.22%	5.58%
Free Cash Flow	-611.43	-738.88	-524.64	-345.27	-156.76
Free Cash Flow Per Share	-5.97	-8.16	-6.07	-4.01	-1.82
Dividends Per Share	1.645	1.570	1.490	1.410	1.330
Dividend Growth	4.78%	5.37%	5.67%	6.02%	6.40%
Gross Margin	45.07%	48.09%	37.06%	35.23%	38.17%
Operating Margin	20.37%	23.01%	11.93%	17.50%	17.31%
Profit Margin	7.84%	13.13%	5.51%	8.23%	11.90%
FCF Margin	-28.23%	-37.48%	-27.05%	-15.35%	-8.81%
EBITDA	924.56	876.5	585.03	734.88	399.48
EBITDA Margin	42.69%	44.47%	30.17%	32.67%	22.44%
EBIT	441.18	453.49	231.34	393.76	308.15
EBIT Margin	20.37%	23.01%	11.93%	17.50%	17.31%
Effective Tax Rate	5.66%	7.68%	-18.06%	12.37%	13.33%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q