TXNM ENERGY INC

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

TXNM$58.10-0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Earnings

	Year Ended December 31,
	2024	2023	2022
(In thousands, except per share amounts)
Electric Operating Revenues	$1,971,199	$1,939,198	$2,249,555
Operating Expenses:
Cost of energy	583,984	802,261	987,941
Administrative and general	247,116	227,900	227,149
Energy production costs	93,748	91,610	147,347
Regulatory disallowances	8,980	71,923	832
Depreciation and amortization	384,925	319,503	304,853
Transmission and distribution costs	98,380	98,721	94,684
Taxes other than income taxes	100,580	95,940	92,989
Total operating expenses	1,517,713	1,707,858	1,855,795
Operating income	453,486	231,340	393,760
Other Income and Deductions:
Interest income	23,537	21,963	16,095
Gains (losses) on investment securities	26,851	19,246	(78,357)
Other income	28,621	24,204	21,601
Other (deductions)	(24,189)	(15,869)	(13,881)
Net other income and (deductions)	54,820	49,544	(54,542)
Interest Charges	228,066	190,355	127,908
Earnings before Income Taxes	280,240	90,529	211,310
Income Taxes (Benefits)	21,518	(16,350)	26,130
Net Earnings	258,722	106,879	185,180
(Earnings) Attributable to Valencia Non-controlling Interest	(16,040)	(18,533)	(15,122)
Preferred Stock Dividend Requirements of Subsidiary	(528)	(528)	(528)
Net Earnings Attributable to TXNM	$242,154	$87,818	$169,530
Net Earnings Attributable to TXNM per Common Share:
Basic	$2.67	$1.02	$1.97
Diluted	$2.67	$1.02	$1.97

B - 11

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.