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Texas New Mexico Power TXNM

Texas New Mexico Power Energy reports Q3 2026 results

Item 2.02 Reports results

Form
8-K
Filed
Importance
Major
  1. Non-GAAP financial measures include revenues, operating income, and earnings
  2. Ongoing earnings used for performance evaluation and compensation
  3. Non-GAAP measures exclude mark-to-market gains and pension expenses

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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The reading, claim by claim

  1. The filing includes a press release with financial results, which is incorporated by reference.
  2. The press release contains both GAAP and non-GAAP financial measures.
  3. GAAP diluted earnings per share were $1.50 for the third quarter of 2026, while ongoing diluted earnings per share were $1.62.
  4. The filing also notes that the company does not plan to issue earnings guidance during the pendency of a proposed transaction with Blackstone Infrastructure.

4 of 4 claims matched the filing text.

From the filing

Item 2.02 Results of Operations and Financial Condition.

Item 2.02 Results of Operations and Financial Condition.

On October 30, 2026, TXNM Energy, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the Company ) issued a press release announcing results of operations for the three and nine months ended September 30, 2026. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein.1

The Company's press release and other communications from time to time may include certain financial measures that are not determined in accordance with generally accepted accounting principles in the United States of America ("GAAP").2 A non-GAAP financial measure is defined as a numerical measure of a company's financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the company's financial statements.

Non-GAAP financial measures utilized by the Company include presentations, on an ongoing basis, of revenues, operating expenses, operating income, other income and deductions, earnings, and earnings per share. The Company uses ongoing earnings and ongoing earnings per diluted share (or ongoing diluted earnings per share) to evaluate the operations of the Company and to establish goals, including those used for certain aspects of incentive compensation, for management and employees. Certain non-GAAP financial measures utilized by the Company exclude the impact of net unrealized mark-to-market gains and losses on economic hedges, the net change in unrealized gains and losses on investment securities, pension expense related to previously disposed of gas distribution business, and certain non-recurring, infrequent, and other items. The Company's management believes that these non-GAAP financial measures provide useful information to investors by removing the effect of variances in GAAP reported results of operat

Item 9.01 Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number Description

99.1 Press Release dated October 3 0 , 2026 .

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.

TXNM ENERGY, INC.

PUBLIC SERVICE COMPANY OF NEW MEXICO TEXAS-NEW MEXICO POWER COMPANY

(Registrants)

Date: October 30, 2026 /s/ Gerald R. Bischoff

Gerald R. Bischoff

Vice President and Corporate Controller

(Officer duly authorized to sign this report)

ALBUQUERQUE, N.M.

October 30, 2026

TXNM Energy Reports Third Quarter 2026 Results

2026 third quarter GAAP earnings of $1.50 per diluted share 2026 third quarter ongoing earnings of $1.62 per diluted share3

TXNM Energy (In millions, except EPS)

Q3 2026 Q3 2025 YTD 2026 YTD 2025 GAAP net earnings attributable to TXNM Energy $163.4 $130.7 $238.4 $161.2 GAAP diluted EPS $1.50 $1.22 $2.15 $1.63 Ongoing net earnings $184.8 $142.8 $272.7 $185.5 Ongoing diluted EPS $1.62 $1.33 $2.42 $1.87

TXNM Energy (NYSE TXNM) today reported 2026 third quarter results. As previously announced, TXNM Energy does not plan to issue earnings guidance during pendency of the proposed transaction with Blackstone Infrastructure.4

During a prolonged summer of record-breaking heat, both PNM and TNMP reached new system peaks, demonstrating the critical role our infrastructure plays during periods of extreme demand, said Don Tarry, TXNM Energy President and CEO. We are acutely aware of the impact of higher energy use on our customers, and we remain focused on strengthening reliability while managing costs responsibly for our customers.

TRANSACTION UPDATE

On May 19, 2025, TXNM Energy announced an agreement under which affiliates of Blackstone Infrastructure will acquire the outstanding common