TXNM Energy (TXNM) Q2 EPS Drops 58%
TXNM Energy (NYSE:TXNM), a regulated utility serving New Mexico and Texas, reported financial results for the second quarter of fiscal 2025 on August 1, 2025. The company reported ongoing (non-GAAP) earnings per share of $0.25 for Q2 2025, missing analyst expectations of $0.41 by 39%. GAAP net earnings fell to $21.6 million in Q2 2025, down from $48.0 million a year earlier. Revenue increased 2.9% year-over-year to $502.4 million in Q2 2025, but higher costs sharply reduced margins. Management did not provide updated financial guidance for the year due to the pending sale of the company to Blackstone Infrastructure. The period saw notable margin compression and significant special items related to the acquisition process.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
TXNM Energy is a publicly traded electric utility holding company operating through its subsidiaries PNM (Public Service Company of New Mexico) and TNMP (Texas-New Mexico Power). The company delivers electricity to over 800,000 customers across both states, focusing on reliable electric service for a mix of residential, commercial, and industrial users. As a regulated utility, its revenue and investment recovery depend on approval from state and federal regulators.
Source Fool.com
