(TXNM) TXNM Energy - Overview
Stock: Electricity, Transmission, Distribution, Leasing
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.93% |
| Yield on Cost 5y | 3.94% |
| Yield CAGR 5y | 5.61% |
| Payout Consistency | 61.9% |
| Payout Ratio | 93.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.81% |
| Relative Tail Risk | -9.00% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.01 |
| Alpha | 15.49 |
| Character TTM | |
|---|---|
| Beta | 0.336 |
| Beta Downside | 0.366 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.27% |
| CAGR/Max DD | 0.37 |
Description: TXNM TXNM Energy January 08, 2026
TXNM Energy, Inc. (NYSE:TXNM) is the rebranded successor to PNM Resources, Inc., changing its name in August 2024. Headquartered in Albuquerque, New Mexico, the company operates regulated electricity generation, transmission, and distribution assets serving residential, commercial, and industrial customers across New Mexico and Texas.
Through its subsidiaries, TXNM owns a diversified utility franchise that includes traditional fossil-fuel generation, expanding renewable capacity (≈ 2 GW of wind and solar as of 2023), and a growing portfolio of energy-storage projects. In the most recent fiscal year (2023), the firm reported approximately $2.0 billion of revenue, an adjusted EBITDA of $1.1 billion, and a regulated rate base near $7.5 billion, reflecting its capital-intensive, rate-of-return business model.
Key economic drivers for TXNM include the Federal Investment Tax Credit (ITC) and Production Tax Credit (PTC) extensions, which subsidize new renewable builds, and the broader shift toward decarbonization that is prompting utilities to accelerate grid-modernization and storage deployments. The company’s exposure to both the Southwest (New Mexico) and the larger Texas market provides a geographic hedge against localized weather-related demand swings.
For a deeper, data-driven view of TXNM’s valuation metrics and scenario analysis, you might find ValueRay’s platform worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 177.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA 0.96 > 1.0 |
| NWC/Revenue: -27.53% < 20% (prev -45.84%; Δ 18.31% < -1%) |
| CFO/TA 0.05 > 3% & CFO 585.4m > Net Income 177.4m |
| Net Debt (5.71b) to EBITDA (953.9m): 5.99 < 3 |
| Current Ratio: 0.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (93.2m) vs 12m ago 2.84% < -2% |
| Gross Margin: 37.98% > 18% (prev 0.39%; Δ 3759 % > 0.5%) |
| Asset Turnover: 18.49% > 50% (prev 17.58%; Δ 0.91% > 0%) |
| Interest Coverage Ratio: 1.83 > 6 (EBITDA TTM 953.9m / Interest Expense TTM 264.5m) |
Altman Z'' 0.64
| A: -0.05 (Total Current Assets 595.4m - Total Current Liabilities 1.18b) / Total Assets 11.97b |
| B: 0.08 (Retained Earnings 924.2m / Total Assets 11.97b) |
| C: 0.04 (EBIT TTM 483.8m / Avg Total Assets 11.41b) |
| D: 0.40 (Book Value of Equity 3.42b / Total Liabilities 8.50b) |
| Altman-Z'' Score: 0.64 = B |
Beneish M -2.95
| DSRI: 1.05 (Receivables 324.3m/280.2m, Revenue 2.11b/1.91b) |
| GMI: 1.03 (GM 37.98% / 39.17%) |
| AQI: 0.94 (AQ_t 0.17 / AQ_t-1 0.18) |
| SGI: 1.11 (Revenue 2.11b / 1.91b) |
| TATA: -0.03 (NI 177.4m - CFO 585.4m) / TA 11.97b) |
| Beneish M-Score: -2.95 (Cap -4..+1) = A |
What is the price of TXNM shares?
Over the past week, the price has changed by +0.12%, over one month by +0.69%, over three months by +4.11% and over the past year by +22.30%.
Is TXNM a buy, sell or hold?
- StrongBuy: 3
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the TXNM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 60.8 | 3.1% |
| Analysts Target Price | 60.8 | 3.1% |
| ValueRay Target Price | 65 | 10.3% |
TXNM Fundamental Data Overview February 03, 2026
P/E Forward = 20.5761
P/S = 3.0425
P/B = 1.8889
P/EG = 2.9385
Revenue TTM = 2.11b USD
EBIT TTM = 483.8m USD
EBITDA TTM = 953.9m USD
Long Term Debt = 4.68b USD (from longTermDebt, last quarter)
Short Term Debt = 743.0m USD (from shortTermDebt, last quarter)
Debt = 5.75b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.71b USD (from netDebt column, last quarter)
Enterprise Value = 12.13b USD (6.42b + Debt 5.75b - CCE 32.1m)
Interest Coverage Ratio = 1.83 (Ebit TTM 483.8m / Interest Expense TTM 264.5m)
EV/FCF = -18.89x (Enterprise Value 12.13b / FCF TTM -642.2m)
FCF Yield = -5.29% (FCF TTM -642.2m / Enterprise Value 12.13b)
FCF Margin = -30.45% (FCF TTM -642.2m / Revenue TTM 2.11b)
Net Margin = 8.41% (Net Income TTM 177.4m / Revenue TTM 2.11b)
Gross Margin = 37.98% ((Revenue TTM 2.11b - Cost of Revenue TTM 1.31b) / Revenue TTM)
Gross Margin QoQ = 46.17% (prev 35.23%)
Tobins Q-Ratio = 1.01 (Enterprise Value 12.13b / Total Assets 11.97b)
Interest Expense / Debt = 1.22% (Interest Expense 70.1m / Debt 5.75b)
Taxrate = 12.21% (18.9m / 155.3m)
NOPAT = 424.7m (EBIT 483.8m * (1 - 12.21%))
Current Ratio = 0.51 (Total Current Assets 595.4m / Total Current Liabilities 1.18b)
Debt / Equity = 1.68 (Debt 5.75b / totalStockholderEquity, last quarter 3.43b)
Debt / EBITDA = 5.99 (Net Debt 5.71b / EBITDA 953.9m)
Debt / FCF = -8.90 (negative FCF - burning cash) (Net Debt 5.71b / FCF TTM -642.2m)
Total Stockholder Equity = 2.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.56% (Net Income 177.4m / Total Assets 11.97b)
RoE = 6.08% (Net Income TTM 177.4m / Total Stockholder Equity 2.92b)
RoCE = 6.37% (EBIT 483.8m / Capital Employed (Equity 2.92b + L.T.Debt 4.68b))
RoIC = 5.00% (NOPAT 424.7m / Invested Capital 8.49b)
WACC = 4.28% (E(6.42b)/V(12.16b) * Re(7.15%) + D(5.75b)/V(12.16b) * Rd(1.22%) * (1-Tc(0.12)))
Discount Rate = 7.15% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 2.64%
Fair Price DCF = unknown (Cash Flow -642.2m)
EPS Correlation: 4.88 | EPS CAGR: 63.59% | SUE: 0.33 | # QB: 0
Revenue Correlation: 14.34 | Revenue CAGR: 4.34% | SUE: 0.45 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=-0.008 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=2.95 | Chg30d=+0.020 | Revisions Net=-2 | Growth EPS=+13.3% | Growth Revenue=+6.2%