$59.28
+0.44%TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
TXNM • NYSE
| TXNM Energy, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||
0.0 | 242.7M | 106.9M | 170.1M | 196.4M | 173.3M | 92.1M | |
0.0 | 423M | 353.7M | 341.1M | 320.2M | 314.7M | 301.1M | |
0.0 | 43.1M | -13.5M | 24.5M | 30.7M | 20.4M | -25.4M | |
0.0 | 9.5M | 7.2M | 7.8M | 9.4M | 8.1M | 6.4M | |
678M | -20M | 38.5M | 82.9M | -7.9M | -14.2M | 114.4M | |
(2.4M) | (0.0) | (1.5M) | (0.0) | (1M) | (969K) | (0.0) | |
-93.6M | -190.1M | 58.4M | -59.1M | -961K | -16.6M | 14.5M | |
584.5M | 508.2M | 551.2M | 567.3M | 547.9M | 485.7M | 503.2M | |
INVESTING ACTIVITIES | |||||||
(0.0) | -1.2B | -1.1B | -912.6M | -935M | -679M | -616.3M | |
(0.0) | (2.8M) | (32.7M) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | -769.4M | -619.5M | -564.9M | -477.7M | -630.8M | -552.1M | |
0.0 | 824.3M | 574.2M | 526.4M | 460.4M | 591M | 494.5M | |
-1.2B | 14.9M | 44K | 674K | -9K | -14.9M | -37K | |
-1.2B | -1.2B | -1.1B | -950.3M | -952.3M | -733.8M | -673.9M | |
FINANCING ACTIVITIES | |||||||
830.8M | 90.1M | 188.5M | -8M | -10.1M | 271.2M | -9M | |
75.2M | 760.9M | 478M | 547.8M | 435.7M | 136.9M | 286.9M | |
-162.8M | -140.3M | -126.7M | -119.8M | -113M | -98.5M | -92.9M | |
-12M | -8.5M | -9.6M | -8M | -10.1M | -12M | -9.9M | |
-100.6M | -26.3M | -2.7M | -33.9M | 45M | -17.5M | -12.6M | |
642.5M | 684.4M | 537.1M | 386M | 357.6M | 292.2M | 172.4M | |
CASH FLOW SUMMARY | |||||||
3.9M | -15.9M | -1.7M | 0.0 | 0.0 | 0.0 | 0.0 | |
13.8M | 2.3M | -1.9M | 3M | -46.8M | 44.1M | 1.7M | |
61K | 2.2M | 4.1M | 1.1M | 47.9M | 3.8M | 2.1M | |
1.6M | 4.5M | 2.2M | 4.1M | 1.1M | 47.9M | 3.8M | |
-611.4M | -738.9M | -524.6M | -345.3M | -387.1M | -193.3M | -113.1M |
TXNM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 02, 2026 | June 01, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 01, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 01, 2026 | May 01, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 28, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 03, 2026 | March 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 03, 2026 | March 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 27, 2026 | February 27, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 02, 2026 | January 02, 2026 | 2026 |
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