Quarterly ResultMay 1, 2026, 04:28 PM
TXNM Energy Q1 Net Earnings $3.74M, down 58%; EPS $0.03
AI Summary
TXNM Energy Inc. reported a significant decrease in net earnings attributable to the company for the first quarter of 2026, falling to $3.74 million from $8.92 million in the prior year. This resulted in a basic earnings per share of $0.03, down from $0.10. Despite the earnings decline, electric operating revenues increased by 4.6% to $504.98 million, and the company declared a higher common stock dividend of $0.4225 per share.
Key Highlights
- Net earnings attributable to TXNM Energy decreased 58.1% to $3.74 million for Q1 2026.
- Basic earnings per common share fell to $0.03 from $0.10 year-over-year.
- Electric operating revenues increased 4.6% to $504.98 million.
- Dividends declared per common share rose to $0.4225 from $0.4075.
- Net cash flows from operating activities increased to $153.19 million from $141.26 million.
- Total current assets were $562.22 million as of March 31, 2026.
- Long-term debt, net, was $5.11 billion as of March 31, 2026.