TXNM ENERGY INC
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 1, 2024
TXNM$58.28+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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, INC. AND SUBSIDIARIES
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share amounts) | ||||
| Electric Operating Revenues | $569,256 | $505,851 | $1,494,235 | $1,527,084 |
| Operating Expenses: | ||||
| Cost of energy | 138,909 | 210,313 | 425,919 | 624,451 |
| Administrative and general | 64,840 | 58,481 | 179,848 | 167,630 |
| Energy production costs | 21,259 | 20,388 | 68,055 | 68,345 |
| Regulatory disallowances | 6,142 | 2,315 | 10,601 | 6,046 |
| Depreciation and amortization | 97,400 | 80,192 | 285,000 | 237,405 |
| Transmission and distribution costs | 23,660 | 25,078 | 71,475 | 72,739 |
| Taxes other than income taxes | 25,966 | 22,432 | 75,984 | 72,395 |
| Total operating expenses | 378,176 | 419,199 | 1,116,882 | 1,249,011 |
| Operating income | 191,080 | 86,652 | 377,353 | 278,073 |
| Other Income and Deductions: | ||||
| Interest income | 8,669 | 5,366 | 17,719 | 15,568 |
| Gains (losses) on investment securities | 13,770 | (8,404) | 32,326 | 1,815 |
| Other income | 7,953 | 8,428 | 20,552 | 17,121 |
| Other (deductions) | (1,988) | (4,555) | (20,146) | (10,562) |
| Net other income and deductions | 28,404 | 835 | 50,451 | 23,942 |
| Interest Charges | 59,664 | 49,838 | 169,254 | 136,660 |
| Earnings before Income Taxes | 159,820 | 37,649 | 258,550 | 165,355 |
| Income Taxes (Benefits) | 23,422 | (5,267) | 19,822 | 12,742 |
| Net Earnings | 136,398 | 42,916 | 238,728 | 152,613 |
| (Earnings) Attributable to Valencia Non-controlling Interest | (5,064) | (5,058) | (11,891) | (14,172) |
| Preferred Stock Dividend Requirements of Subsidiary | (132) | (132) | (396) | (396) |
| Net Earnings Attributable to TXNM | $131,202 | $37,726 | $226,441 | $138,045 |
| Net Earnings Attributable to TXNM per Common Share: | ||||
| Basic | $1.45 | $0.44 | $2.50 | $1.60 |
| Diluted | $1.45 | $0.44 | $2.50 | $1.60 |
| Dividends Declared per Common Share | $0.3875 | $0.3675 | $1.1625 | $1.1025 |
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