Stocks · Utilities · Regulated Electric

TXNM Energy, Inc. TXNM

$58.41 -0.21% Close, Oct 2, 2026 · NYSE · Market cap $6.47B

Strong trendLow risk

Next earnings report: Oct 30, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. The diluted share count rose 15.6% in a year.
  2. The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
  3. Revenue over the last four quarters was $2.23B, up 10.0% from a year earlier.

PromtFinance scores

Each score is a percentile within the Utilities sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth38Weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Top 32%
  • EPS growth (TTM, YoY)Bottom 25%
  • Revenue growth, 3-year CAGRBottom 19%
  • Revenue growth accelerationTop 26%
Quality66Positive

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalBottom 34%
  • Gross marginBottom 33%
  • Operating marginTop 49%
  • Cash conversion (OCF / net income)Top 7%
  • Accruals (lower is better)Top 29%
  • Net debt / EBITDA (lower is better)Top 7%
  • Interest coverBottom 15%
Value47Neutral

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 15%
  • Free-cash-flow yieldBottom 36%
  • EBITDA / enterprise valueTop 13%
  • Sales / enterprise valueTop 24%
  • P/E vs own 5-year history (lower is better)Bottom 26%
Momentum93Exceptional

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthTop 35%
  • 6-month returnTop 15%
  • 1-year return vs S&P 500Top 22%
  • Distance from 52-week highTop 1%
  • Trend checklist (0–4)Top 9%
Revisions40Weak

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 15%
  • Consecutive EPS beatsBottom 39%
  • Share of analysts rating BuyTop 29%
  • Upside to consensus price targetBottom 1%
Stability96Exceptional

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 2%
  • Maximum drawdown, 3 yearsTop 48%
  • Beta vs S&P 500 (lower is better)Top 40%
  • Net debt / EBITDA (lower is better)Top 7%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)8.5%10.0%↑
EPS growth (YoY)-38.4%-6.9%↑
Gross margin38.9%39.6%↑
Operating margin20.5%22.2%↑
FCF margin-38.9%-22.5%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)10.0%8.5%↑Top 32%
EPS growth (TTM, YoY)-6.9%-38.4%↑Bottom 25%
Gross margin39.6%38.9%↑Bottom 33%
Operating margin22.2%20.5%↑Top 49%
Net margin8.8%8.8%↑—
Free-cash-flow margin-22.5%-38.9%↑—
Return on invested capital3.8%—Bottom 34%
Revenue growth, 3-year CAGR-1.3%—Bottom 19%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
3.00×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-3.7%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.4%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
-0.4 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
0.73×
Interest cover (operating income / interest)How many times operating profit covers interest.
1.5×

Shareholder returns

Dividend yield (dividends paid, TTM)
2.79%
Net buyback yield (TTM)
-4.80%
Shareholder yield
-2.01%
Share count change, 1 year
+15.6%
Share count change, 3-year CAGR
+8.9%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
1
Beats in the last 8 reports
3 of 8
Average EPS surprise, last 4
+17.2%
Average 2-day reaction, last 8
+0.1%
Positive 20 days after report
5 of 8

Analysts

Consensus price target
$53.31
Target vs current price
-8.7%
Analysts with a rating
7
Share rating Buy or Strong Buy
57%
Consensus rating
Buy

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Jul 31, 2026+3.6%-0.1%-0.8%-0.8%—
May 1, 2026-30.6%+0.2%+0.3%+0.3%-1.7%
Feb 27, 2026-25.2%-0.2%-0.3%-1.5%+0.5%
Oct 31, 2025+120.9%-0.0%+0.4%+2.9%+4.4%
Aug 1, 2025-45.7%-0.2%+0.5%-0.5%+0.0%
May 9, 2025-5.0%+0.4%+1.1%+7.7%+7.9%
Feb 21, 2025+0.0%+3.5%-1.1%+5.1%+2.8%
Nov 1, 2024+1.4%-2.9%+2.8%+12.7%+11.4%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Jul 31, 2026$0.58$0.56+3.6%$548.6M
May 1, 2026$0.21$0.30-30.6%$505.0M
Feb 27, 2026$0.48$0.64-25.2%$533.2M
Oct 31, 2025$1.33$0.60+120.9%$647.2M
Aug 1, 2025$0.25$0.46-45.7%$502.4M
May 9, 2025$0.19$0.20-5.0%$482.8M
Feb 21, 2025$0.30$0.30+0.0%$477.0M
Nov 1, 2024$1.43$1.41+1.4%$569.3M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)32.4×32.7×50thBottom 15%
P/E (forward)20.0×———
EV / EBITDA7.1×——Top 13%
EV / Sales3.23×——Top 24%
Free-cash-flow yield-7.76%——Bottom 36%
Earnings yield3.09%——Bottom 15%

P/E over the past five years

Range 19.6× – 45.4× since Sep 30, 2023. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
+2.9%
Earnings per share growth (TTM)
-6.9%
Change in P/E multiple
+9.7%

Most of the move came from a change in the valuation multiple.

Technical state

Trend checklist

  • ✓ Price above 20-day average
  • ✓ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✗ MACD histogram positive

Trend quality

Days above the 50-day average
27
Days above the 200-day average
0
50-day average slope (20 days)
+0.8%
200-day average slope (20 days)
+0.0%
Distance from 50-day average
+0.9%
Distance from 200-day average
-0.1%
RSI (14)
55.1
Relative volume
1.33×

Risk and drawdowns

Volatility, 60 days (annualized)
5.7%
Volatility vs own 5-year history
25th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
0.14
Correlation with S&P 500
0.13
Current drawdown from 1-year high
-1.8%
Maximum drawdown, 3 years
-22.4%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Oct 22, 2020Feb 5, 2024-30.8%825 days255 days (Feb 11, 2025)
Feb 21, 2025Mar 7, 2025-10.2%10 days5 days (Mar 14, 2025)
Mar 19, 2025Apr 8, 2025-10.1%14 days28 days (May 19, 2025)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$6.47B
P/E (TTM)
32.4
EPS, diluted (TTM)
$1.80
Revenue (TTM)
$2.23B
Dividend yield
3.59%
52-week range
$55.64 – $59.53
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$1.78B$2.25B$1.94B$1.97B$2.17B
Gross profit$625.6M$714.7M$627.1M$810.2M$824.8M
Operating income$309.3M$394.6M$303.3M$462.5M$441.2M
Net income$196.4M$170.1M$88.3M$242.7M$151.4M
EPS (diluted)$2.27$1.97$1.02$2.67$1.48
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$569.3M$477.0M$482.8M$502.4M$647.2M$533.2M$505.0M$548.6M
Net income$131.3M$15.8M$9.1M$21.7M$130.8M-$9.7M$3.9M$71.4M
EPS (diluted)$1.45$0.17$0.10$0.22$1.22-$0.09$0.03$0.64
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$547.9M$567.3M$551.2M$508.2M$584.5M
Capital expenditure-$935.0M-$912.6M-$1.08B-$1.25B-$1.20B
Free cash flow-$387.1M-$345.3M-$524.6M-$738.9M-$611.4M
Dividends paid-$113.0M-$119.8M-$126.7M-$140.3M-$163.4M
Net share buybacks-$10.1M-$8.0M$188.5M$90.1M$830.8M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$14.6M
Total assets
$12.51B
Total liabilities
$8.89B
Total debt
$752.7M
Net debt
$738.1M
Shareholders’ equity
$3.55B

As of Jun 30, 2026 (filed Jul 31, 2026).

Dividends

Ex-dateAmountPaid
Oct 23, 2026$0.42Nov 13, 2026
Aug 3, 2026$0.42Aug 14, 2026
Apr 27, 2026$0.42May 15, 2026
Jan 30, 2026$0.42Feb 13, 2026
Oct 24, 2025$0.41Nov 14, 2025
Aug 8, 2025$0.41Aug 22, 2025
Apr 25, 2025$0.41May 16, 2025
Jan 31, 2025$0.41Feb 14, 2025

Short interest

Shares sold short
6,444,202
Days to cover
3.63
Change vs previous report
+1.0%

FINRA short interest, settlement date Sep 15, 2026.

Stock splits

Jun 14, 2004
3-for-2