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 & Purchased Power	716.01	583.98	802.26	987.94	644.85
Selling, General & Admin	274.45	247.12	227.9	227.15	230.29
Depreciation & Amortization	425.64	384.93	319.5	304.85	284.11
Other Operating Expenses	368.03	299.84	360.97	338.34	315.99
Total Operating Expenses	1,784	1,516	1,711	1,858	1,475
Operating Income	381.48	455.34	228.57	391.27	304.64
Interest Expense	-272.05	-228.59	-190.88	-128.44	-97.41
Interest Income	20.07	23.54	21.96	16.1	14.66
Net Interest Expense	-251.99	-205.06	-168.92	-112.34	-82.74
Other Non-Operating Income (Expenses)	15.24	2.58	11.11	10.21	5.16
EBT Excluding Unusual Items	144.74	252.86	70.76	289.14	227.05
Gain (Loss) on Sale of Investments	34.75	26.85	19.25	-78.36	16.85
Pretax Income	179.49	279.71	90	210.78	243.9
Income Tax Expense	10.19	21.52	-16.35	26.13	32.58
Earnings From Continuing Ops.	169.3	258.19	106.35	184.65	211.32
Minority Interest in Earnings	-17.94	-16.04	-18.53	-15.12	-15.49
Net Income	151.36	242.15	87.82	169.53	195.83
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%	162.37%	-48.30%	-13.28%	5.58%
Free Cash Flow	-611.43	-738.88	-524.64	-345.27	-387.14
Free Cash Flow Per Share	-5.97	-8.16	-6.07	-4.01	-4.50
Dividend Per Share	1.645	1.570	1.490	1.410	1.330
Dividend Growth	4.78%	5.37%	5.67%	6.02%	6.40%
Profit Margin	6.99%	12.29%	4.53%	7.54%	11.00%
Free Cash Flow Margin	-28.23%	-37.48%	-27.05%	-15.35%	-21.75%
EBITDA	864.86	878.35	582.26	732.4	624.85
EBITDA Margin	39.94%	44.56%	30.03%	32.56%	35.11%
D&A For EBITDA	483.38	423.01	353.69	341.12	320.21
EBIT	381.48	455.34	228.57	391.27	304.64
EBIT Margin	17.61%	23.10%	11.79%	17.39%	17.12%
Effective Tax Rate	5.68%	7.69%	-	12.40%	13.36%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q