TXNM Energy today released its financial results for the second quarter of 2025, reporting GAAP net earnings attributable to TXNM Energy of $21.6 million, or $0.22 per diluted share. This marks a decrease compared to $48.0 million, or $0.53 per diluted share, in the second quarter of 2024.
The company's ongoing net earnings for the second quarter of 2025 were $24.5 million, or $0.25 per diluted share, down from $54.3 million, or $0.60 per diluted share, in the prior year period. These results reflect the issuance of $600 million of equity, including $400 million to affiliates of Blackstone Infrastructure, and debt refinancing related to the proposed acquisition.
TXNM Energy is not affirming its previously issued earnings guidance for 2025 and does not plan to issue revised guidance during the pending transaction. The second quarter GAAP earnings included $19.5 million of costs directly related to the planned acquisition, impacting overall profitability.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.