TXNM ENERGY INC · Electric Services

TXNM

Moderate riskNext report: In 3 days (est.)

View price ↗

The short version

A profitable company with steady sales. Institutions are adding.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Raised its dividend (2.8% yield)

Watch out for

Share count growing 5.9% a year
1 offering filing in 6 months (may sell new shares)

Money moves

No insider buying or selling in the last 30 days
Institutions added 2.2% to their holdings in the quarter ending June 2026 (196 bought, 156 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$58.41+0.2% that day

Company value: $6.5B; Share price times all shares
Price vs profit (P/E): 44.2x; You pay about $44 for each $1 of yearly profit
Price vs sales: 3.0x; Company value is 3.0 times a year of sales
Dividend yield: 2.8%; Yearly dividend as a share of today's price
Cash vs value: 0%; Cash as a share of company value
Debt vs value: 84%; Debt as a share of company value

From TXNM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Mar '26

$505.0M+4.6% vs a year earlier

Jun '23Tap a barMar '26

Last 12 months: $2.2B, up 8.5% from the 12 months before. Over 5 years, sales grew about 7.3% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of TXNM. Starting points are the company's recent numbers.

Sales growth+8% a yearRecently: +8.5% a yearProfit margin8%Last 12 months: 7.5%P/E at the end40xToday: 44.2x. Many steady companies trade at 12x to 25xShare count change+6% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$3.2B

Profit in 5 years$257M

Price these guesses point to$69.43+19% vs $58.41 todayAbout +3.5% a year, before dividends

What today's price needs: with a 8% margin and a 40x P/E, sales would have to grow about 4.3% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.5.7%
MissDebt under half of equityNot relying on borrowed money.1.59x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.8%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$584.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+18.8% in 3 years

Revenue: $2.2B; +9.9% vs prior year
5-year growth: +7.3%/yr; revenue, per year
Total debt: $5.4B; 1.59x equity
Current ratio: 0.55x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Mar 31, 2026

Reported Jul 31

Revenue: $505.0M; +4.6% YoY
EPS: $0.03; vs $0.10
Op. margin: 15.3%; +0.4 pts
Free cash flow: -$159.5M
Share count: +21.1%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 1
Normal week: 0.8
vs normal: 1.3x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+2.2%

Institutions added 2.2% to their holdings. 196 bought, 156 sold.

Shares held by institutions111.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+8.9%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.6x · $5.4B debt

Shares outstandingLatest reported

111M

Why moderate risk

Share count growing 8.9% a year
1 offering filing in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportIn 3 days (est.)Estimated from the same quarter last year

Results filedJul 31
Results filedMay 1
Results filedFeb 27
Results filedOct 31, 2025
Results filedAug 1, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 27 · View filing ↗Big holder Offering prospectusAug 31 · View filing ↗Offering New 5%+ holder (passive)Aug 14 · View filing ↗Big holder 5%+ holder update (passive)Aug 14 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

5%+ holder update (passive)Oct 27 · Form SCHEDULE 13G/A ↗Other company newsSep 30 · Form 8-K ↗Investor disclosureSep 2 · Form 8-K ↗Offering prospectusSep 1 · Form 424B2 ↗Offering prospectusAug 31 · Form 424B5 ↗Major agreementAug 19 · Form 8-K ↗

Stock awardPatricia K CollawnEXECUTIVE CHAIR, Director

739 shares

+1% of holdings
Now owns 98,591 shares
Phantom Stock Shares
Held TXNM Common Stock Fund - TXNM Energy, Inc. Executive Savings Plan II
Filed 3 days after trade

Aug 14Form 4 ↗

5%+ holder update (passive)Aug 14 · Form SCHEDULE 13G/A ↗New 5%+ holder (passive)Aug 14 · Form SCHEDULE 13G ↗Earnings resultsJul 31 · Form 8-K ↗Quarterly reportJul 31 · Form 10-Q ↗Major agreementJul 21 · Form 8-K ↗Major agreementJul 20 · Form 8-K ↗Other company newsJul 6 · Form 8-K ↗11-KJun 23 · Form 11-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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