AcquisitionsJul 31, 2026, 07:21 AM
TXNM Energy Extends Blackstone Acquisition to May 2027; Q2 EPS $0.64
AI Summary
TXNM Energy extended its acquisition agreement with Blackstone Infrastructure to May 31, 2027, to allow more time for regulatory approvals, particularly from the NMPRC. The company reported strong Q2 2026 GAAP diluted EPS of $0.64, a significant increase from $0.22 in Q2 2025, and ongoing diluted EPS of $0.58. Additionally, regulatory progress includes the Public Utility Commission of Texas approving TNMP's base rate review settlement and PNM filing its 2029-2032 Resource Portfolio Application.
Key Highlights
- Acquisition agreement with Blackstone Infrastructure extended to May 31, 2027.
- Shareholders approved the $61.25 per share transaction on August 28, 2025.
- Q2 2026 GAAP diluted EPS was $0.64, up from $0.22 in Q2 2025.
- Q2 2026 ongoing diluted EPS was $0.58, up from $0.25 in Q2 2025.
- TNMP's base rate review settlement approved by PUCT, recovering $2.8 billion rate base.
- PNM filed 2029-2032 Resource Portfolio Application, including 800 MW wind and 610 MW battery storage.
- Q2 2026 GAAP net earnings attributable to TXNM were $71.3 million.
- Dividends declared per common share increased to $0.4225 in Q2 2026.
Price Impact
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