TXNM Energy, Inc. provides electricity and electric services in the United States through its subsidiaries. It generates, transmits, and distributes electricity to retail customers, and owns or leases communications, office, and other equipment, office space, vehicles, energy storage facilities, and real estate. The company also offers regulated transmission and distribution services in Texas and serves residential, commercial, and industrial customers in New Mexico and Texas. Formerly known as PNM Resources, Inc., it changed its name to TXNM Energy, Inc. in August 2024. Founded in 1882, it is based in Albuquerque, New Mexico.
TXNM Energy Board Declares Quarterly Dividend of $0.4225 Per Share
The Board of Directors of TXNM Energy, Inc. declared a regular quarterly dividend of $0.4225 per share on the company's common stock at its regular meeting held today. The dividend is payable November 13, 2026, to shareholders of record at the close of business on October 23, 2026. TXNM Energy is an energy holding company based in Albuquerque, New Mexico, that delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.
Blackstone seeks at least $8B for fourth renewable and digital infrastructure credit fund
Blackstone is seeking to raise at least $8B for its private credit fund focused on renewables and digital infrastructure investments, according to a Bloomberg News report. The fund, the fourth iteration of the strategy, will provide loans to companies in the energy transition marketplace, including energy security, power and utilities, data centers, and chip financing. Separately, TXNM Energy, the parent company of PNM, and Blackstone Infrastructure said they have filed a motion with the NMPRC seeking authorization to file a revised version of their merger application. The draft revised application more than doubles direct customer rate credits, strengthens workforce commitments, and includes a nearly $5B commitment to invest in New Mexico's electric grid. The revised draft includes $220M in direct customer rate credits, more than doubling the direct rate credit commitment included in the original application.
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Capital
Energy Transition & Power Demand › Nuclear Generation & Utilities ▲Capital
Cloud & Digital Infrastructure › Telecom Towers, Fiber & Colocation Capital
BX · Capital · Positive Blackstone is seeking to raise at least $8B for its fourth renewable and digital infrastructure credit fund.
Blackstone Infrastructure Partners · Capital · Positive Blackstone Infrastructure is part of the revised merger application filing with TXNM Energy and the $8B fund raise for infrastructure credit.
TXNM · Regulation · Positive TXNM Energy and Blackstone filed a motion with the NMPRC seeking authorization to file a revised merger application with doubled customer rate credits and a nearly $5B grid investment commitment.
TXNM Energy Prices $400M Equity Offering to Repay Term Debt
TXNM Energy, Inc. (NYSE:TXNM) priced an underwritten offering of 7,079,646 common shares at $56.50 each, raising approximately $400 million in gross proceeds, with net proceeds of about $396 million intended to repay most of its $400 million term loan. The offering, expected to close on or about September 2, replaces capital that regulators required the company to return after the New Mexico Public Regulation Commission voided a $400 million PIPE investment by Blackstone affiliate Troy TopCo in June 2025. TXNM borrowed the $400 million term loan in July 2026 to repay Troy TopCo, and this equity issuance was part of the original merger plan with Blackstone, which still offers $61.25 per share in cash. The term loan carries a 5.01% weighted average interest rate, so repaying it with equity saves about $19.8 million in annual interest, but the offering dilutes existing shareholders by approximately 6.4% and increases the share count by about 6.9% to 110,125,757 shares. The dilution could weigh on earnings per share if the Blackstone acquisition, now expected to close in the first half of 2027, is delayed or fails.
TXNM · Capital · Negative TXNM priced a $400M equity offering that dilutes shareholders ~6.4% and could weigh on EPS if the Blackstone deal is delayed or fails.
BX · Capital · Neutral Blackstone affiliate Troy TopCo's voided $400M PIPE and its pending $61.25/share cash offer for TXNM are central context, but the equity offering itself is TXNM's action.
Troy TopCo · Capital · Neutral Troy TopCo's voided $400M PIPE investment is the reason for the offering, but the article does not state a new impact on Troy TopCo itself.
TXNM Energy Prices $400 Million Common Stock Offering
TXNM Energy, Inc. has priced an underwritten public offering of 7,079,646 shares of its common stock at $56.50 per share, expecting gross proceeds of approximately $400 million. The company plans to use the net proceeds to repay borrowings under its $400 million term loan agreement. Wells Fargo Securities is the sole book-running manager for the offering, which is expected to close on or about September 2, 2026. The offering is made under an effective shelf registration statement on Form S-3 filed with the SEC.
Public Service Company of New Mexico Declares Preferred Dividend
Public Service Company of New Mexico, a subsidiary of TXNM Energy, declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. The dividend is payable October 15, 2026, to shareholders of record at the close of business September 30, 2026. TXNM Energy is an energy holding company based in Albuquerque, New Mexico, serving more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.
Blackstone bid for TXNM Energy sparks debate over public ownership of New Mexico utilities
Blackstone's proposed acquisition of TXNM Energy, the parent of major New Mexico utilities, has ignited a debate over whether the state should instead explore taking a majority public stake. Critics argue that electricity is an essential monopoly service and question why a Wall Street investment giant should own it if the operation is a worthy investment. The deal still requires regulatory approval, and opponents are using the review to push for study of public-power models or stronger conditions on any sale. They warn that private-equity ownership could pressure cost-cutting, rate increases, or financial engineering over public service, affecting monthly bills, maintenance, and the clean energy transition. Supporters of a larger state role say a utility should answer more directly to residents to align decisions with reliability, affordability, and climate goals.
Energy Transition & Power Demand › Nuclear Generation & Utilities Regulation
TXNM · Regulation · Neutral TXNM Energy is the target; deal requires regulatory approval and opponents push for public ownership study, creating uncertainty.
BX · Capital · Neutral Blackstone's proposed acquisition is central, but faces regulatory and political opposition, creating uncertainty.
TXNM Energy declares $0.42 dividend amid negative growth metrics
TXNM Energy Inc announced a total dividend of $0.42 per share, with the ex-dividend date set for 2026-08-03 and payment on 2026-08-14. The company has maintained a consistent dividend payment record since 1996 and has increased its dividend each year since 2009, earning the status of a dividend achiever. As of today, the 12-month trailing dividend yield is 2.86% and the forward yield is 2.92%, while the dividend payout ratio stands at 0.68. However, the company's 3-year revenue growth rate is approximately -6.80% per year, its 3-year EPS growth rate is approximately -5.70% per year, and its 5-year EBITDA growth rate is -7.10%, all underperforming a majority of global competitors. Despite a profitability rank of 7 out of 10 and positive net income over the past decade, these negative growth metrics raise concerns about the sustainability of future dividend increases.
TXNM Energy declares quarterly dividend of $0.4225 per share
TXNM Energy declared a quarterly dividend of $0.4225 per share, matching the previous payout. The dividend carries a forward yield of 2.91% and is payable on August 14 to shareholders of record as of August 3, with the ex-dividend date also on August 3.
TXNM · Capital · Positive TXNM Energy declared a quarterly dividend of $0.4225 per share, maintaining its payout and providing a forward yield of 2.91%.
United States