TXNM ENERGY INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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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Consolidated Statements of Changes in Equity
| Attributable to TXNM · Non-controllingInterestin Valencia | ||||||
|---|---|---|---|---|---|---|
| Total TXNM Common Stockholder’s Equity | ||||||
| CommonStock · AOCI · RetainedEarnings · TotalEquity | ||||||
| (In thousands) | ||||||
| Balance at December 31, 2021 | $1,429,257 | $(71,936) | $810,203 | $2,167,524 | $55,405 | $2,222,929 |
| Net earnings before subsidiary preferred stock dividends | — | — | 170,058 | 170,058 | 15,122 | 185,180 |
| Total other comprehensive income | — | 5,888 | — | 5,888 | — | 5,888 |
| Subsidiary preferred stock dividends | — | — | (528) | (528) | — | (528) |
| Dividends declared on common stock | — | — | (150,855) | (150,855) | — | (150,855) |
| Awards of common stock | (7,980) | — | — | (7,980) | — | (7,980) |
| Stock based compensation expense | 7,825 | — | — | 7,825 | — | 7,825 |
| Valencia’s transactions with its owner | — | — | — | — | (17,533) | (17,533) |
| Balance at December 31, 2022 | 1,429,102 | (66,048) | 828,878 | 2,191,932 | 52,994 | 2,244,926 |
| Net earnings before subsidiary preferred stock dividends | — | — | 88,346 | 88,346 | 18,533 | 106,879 |
| Total other comprehensive income | — | 3,208 | — | 3,208 | — | 3,208 |
| Subsidiary preferred stock dividends | — | — | (528) | (528) | — | (528) |
| Dividends declared on common stock | — | — | (129,586) | (129,586) | — | (129,586) |
| Awards of common stock | (9,646) | — | — | (9,646) | — | (9,646) |
| Issuance of common stock | 198,177 | — | — | 198,177 | — | 198,177 |
| Stock based compensation expense | 7,190 | — | — | 7,190 | — | 7,190 |
| Valencia’s transactions with its owner | — | — | — | — | (21,569) | (21,569) |
| Balance at December 31, 2023 | 1,624,823 | (62,840) | 787,110 | 2,349,093 | 49,958 | 2,399,051 |
| Net earnings before subsidiary preferred stock dividends | — | — | 242,682 | 242,682 | 16,040 | 258,722 |
| Total other comprehensive income (loss) | — | (12,868) | — | (12,868) | — | (12,868) |
| Subsidiary preferred stock dividends | — | — | (528) | (528) | — | (528) |
| Dividends declared on common stock | — | — | (141,615) | (141,615) | — | (141,615) |
| Awards of common stock | (8,460) | — | — | (8,460) | — | (8,460) |
| Issuance of common stock | 98,601 | — | — | 98,601 | — | 98,601 |
| Stock based compensation expense | 9,480 | — | — | 9,480 | — | 9,480 |
| Valencia’s transactions with its owner | — | — | — | — | (19,098) | (19,098) |
| Balance at December 31, 2024 | $1,724,444 | $(75,708) | $887,649 | $2,536,385 | $46,900 | $2,583,285 |
B - 17
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands) | |||
| Electric Operating Revenues | $1,379,088 | $1,403,948 | $1,766,825 |
| Operating Expenses: | |||
| Cost of energy | 434,918 | 663,614 | 864,013 |
| Administrative and general | 226,560 | 206,650 | 204,846 |
| Energy production costs | 93,748 | 91,610 | 147,347 |
| Regulatory disallowances | 8,980 | 70,750 | 832 |
| Depreciation and amortization | 221,780 | 177,633 | 180,812 |
| Transmission and distribution costs | 61,302 | 61,725 | 58,278 |
| Taxes other than income taxes | 49,807 | 48,790 | 49,210 |
| Total operating expenses | 1,097,095 | 1,320,772 | 1,505,338 |
| Operating income | 281,993 | 83,176 | 261,487 |
| Other Income and Deductions: | |||
| Interest income | 23,454 | 21,355 | 14,816 |
| Gains (losses) on investment securities | 26,851 | 19,246 | (78,357) |
| Other income | 15,329 | 11,638 | 10,763 |
| Other (deductions) | (4,140) | (10,881) | (9,418) |
| Net other income and (deductions) | 61,494 | 41,358 | (62,196) |
| Interest Charges | 106,018 | 86,574 | 61,073 |
| Earnings before Income Taxes | 237,469 | 37,960 | 138,218 |
| Income Taxes (Benefits) | 29,217 | (16,758) | 19,198 |
| Net Earnings | 208,252 | 54,718 | 119,020 |
| (Earnings) Attributable to Valencia Non-controlling Interest | (16,040) | (18,533) | (15,122) |
| Net Earnings Attributable to PNM | 192,212 | 36,185 | 103,898 |
| Preferred Stock Dividends Requirements | (528) | (528) | (528) |
| Net Earnings Available for PNM Common Stock | $191,684 | $35,657 | $103,370 |
B - 18
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