TXNM ENERGY INC

For the period ended Mar 31, 2025. Filed May 9, 2025.

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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.

Mar 31, 2025 · Filed May 9, 2025

TXNM$58.28+0.1%Stored close · as of Nov 9, 2026

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Contents

, INC. AND SUBSIDIARIES

	Three Months Ended March 31,
	2025	2024
(In thousands, except per share amounts)
Electric Operating Revenues	$482,792	$436,877
Operating Expenses:
Cost of energy	169,182	132,304
Administrative and general	60,769	55,427
Energy production costs	24,546	22,212
Regulatory disallowances	—	4,459
Depreciation and amortization	104,551	93,187
Transmission and distribution costs	25,505	22,764
Taxes other than income taxes	26,350	25,934
Total operating expenses	410,903	356,287
Operating income	71,889	80,590
Other Income and Deductions:
Interest income	4,247	4,580
Gains (losses) on investment securities	(1,241)	17,998
Other income	4,729	4,911
Other (deductions)	(2,258)	(16,522)
Net other income and deductions	5,477	10,967
Interest Charges	63,551	53,762
Earnings before Income Taxes	13,815	37,795
Income Taxes (Benefits)	1,018	(12,571)
Net Earnings	12,797	50,366
(Earnings) Attributable to Valencia Non-controlling Interest	(3,742)	(3,044)
Preferred Stock Dividend Requirements of Subsidiary	(132)	(132)
Net Earnings Attributable to TXNM	$8,923	$47,190
Net Earnings Attributable to TXNM per Common Share:
Basic	$0.10	$0.52
Diluted	$0.10	$0.52
Dividends Declared per Common Share	$0.4075	$0.3875

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